Trading Update
MicroSalt Plc reported unaudited sales of $1.66 million for the ten months ended October 31, 2025, and is confident of exceeding its full-year revenue target of $2.0 million. The company anticipates significant growth, projecting 2026 sales to reach $7.0 million and exceed $15.0 million in 2027, driven by increased volume projections from a major food manufacturer, including a new product rollout expected to generate over $5.0 million in 2026 and $11.0 million in 2027. Furthermore, MicroSalt has signed a non-binding term sheet for a four-year Joint Development Agreement with this key customer to develop global sodium reduction solutions and secured an initial $50k order from Daiya Foods, with projected 2026 volumes of approximately $500k.
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MicroSalt (AIM:SALT), a leading manufacturer of full-flavour natural salt with approximately 50% less sodium, is pleased to provide the following trading update and continuing advancement of its B2B bulk business.
Unaudited sales for the 10 months ended 31 October 2025 total $1.66 million and the Board is confident of exceeding its original expectation of full year revenue of $2.0 million.
In its H1 2025 Trading Update on 18 August 2025, the Company announced that it had received increased North America volume projections from whom it describes as Customer 3, one of the world's largest food, soft drink and snack manufacturers. Whilst non-contractual, MicroSalt is confident in these volume projections which included a single new item, representing an addition to the Company's existing sales pipeline with Customer 3 and its divisions. The volume projections for this product (in North America only) indicate commencing rollout in Q2 2026 and resultant sales exceeding $5.0 million in 2026, expanding to $11.0 million in 2027. Whilst the Company continues to expect full rollout in mid-2026, it is pleased to announce it has received a first bulk purchase order that will ultimately be delivered to a specific end retailer of Customer 3 and that it expects to receive similar orders on a broadly monthly basis going forward.
Importantly, the depth and breadth of MicroSalt's relationships with Customer 3 continue to expand, with the signing of a non-binding term sheet outlining a proposed four-year Joint Development Agreement ("JDA") between Customer 3 and MicroSalt to facilitate the global joint development of new solutions for reduction of sodium content in food products while delivering familiar salty taste.
On 12 November 2025, the Company announced a new strategic relationship with Daiya Foods, a global leader in dairy-free and plant-based innovation. MicroSalt has received an initial order of $50k to begin production and its projected 2026 volume to approximately $500k.
Accordingly, the Company is now projecting 2026 sales to total $7.0 million based on in-hand volume estimations and its current customer base, rising to more than $15.0 million in 2027.
Rick Guiney, CEO of MicroSalt, commented:
"Our success in 2025 stems from focused strategic efforts to build a long lived, sustainable organisation that not only delivers healthier foods, but that also delivers top line revenue and investor returns. The projections for 2026, 2027 are based upon our existing volume commitments and as we scale, we expect enhanced efficiencies and additional product development to support continued success. 2025 serves as a foundational building block by providing impeccable reference sales that will solidify our position in the market going forward."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.