Trading Statement

Getech (AIM: GTC), a leading locator of subsurface resources, is pleased to provide the following trading update (unaudited) for the six months to 30 June 2026 ("H1 FY26").

H1 FY26 Highlights:

• 18 months on, the strategic plan to re-focus the business on its traditional markets is delivering improvements across key financial and operational metrics, further backed by a much-improved new business pipeline.
• Trading strengthened over the course of the six-month period leading to the Company expecting revenue growth of 15% to £2.4m (H1 FY25: £2.1m) driven by a positive mix of new and retained business.
• This increased sales level and actions taken to reduce the cost base by c. 20% in 2025 have led to adjusted EBITDA improving to £0.2m versus a loss in the comparable period last year (H1 FY25: loss of £0.1m).
• Developed by the re-organised sales team under a new sales Director, the new business pipeline has expanded significantly underpinning the Company's growth prospects in H2 FY26 and beyond.
• The Group orderbook on 30 June 2026 stood at £4.0m (FY25: £3.8m), with £1.6 million expected to unwind into revenue in H2 FY26.
• Cash at bank on 30 June 2026 of £0.6m (FY25: £0.2m).
• Annual recurring revenue ("ARR") at 30 June 2026 was £2.8m (FY25: £2.8m), reflecting continued strong customer retention across the Group's subscription products. Growing ARR remains a key strategic priority, and the quality of the Group's subscription customer base provides a solid foundation for future growth, supported by a pipeline of material recurring revenue opportunities.

FY26 Outlook:

• Instability in the Middle East has reinforced the importance of secure global energy supply, further driving renewed demand for high quality exploration.
• All energy sources are being evaluated to support future requirements with major energy companies and governments alike seeking to secure long-term solutions.
• Getech's core markets, the Oil & Gas, Mining and Natural Hydrogen sectors, have seen increased exploration activity. This combination is expected to be reflected in the Company's future performance given Getech's proven credentials in identifying and de-risking new exploration projects.
• As a result, trading momentum remains positive and the Company is well placed to build on its H1 FY26 performance.

Chris Jepps, CEO of Getech, said:

"We are pleased with the progress made during the first half of 2026. Revenue growth, improved profitability and a stronger new business pipeline demonstrate that the actions taken over the past 18 months are delivering results.

Demand across our core energy and natural resource markets remains encouraging and Getech is well positioned to support customers seeking high-quality subsurface intelligence and exploration insights with an excellent reference client list, including four of the world's six recognised oil and gas supermajors as Globe subscribers.

We remain focused on growing ARR, converting our pipeline into contracted revenue and maintaining disciplined cost control. With positive trading momentum and a healthy pipeline, we remain comfortably in line with market expectations for FY26."