Xeros Technology Group

XSG · AIM · Industrial Goods and Services · mcap £9.5m · 1.1p

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Financials · LTM to 30 Jun 26

Source: results 08 Sep 26 ↗

Revenue: £286k
Operating profit: −£3.5m
Net income: −£3.3m
Free cash flow: −£3.2m
Net cash: £3.5m
Market cap: £9.5m
EV / EBIT: –
FCF yield: −33.2%
Price / book: 2.6×

Latest half-year · H1 26 vs H1 25 results 08 Sep 26 ↗

Revenue: £109k
Operating profit: −£1.7m
Net income: −£1.6m
Cash from operations: −£2.0m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it in the results of each period, newest first. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 08 Sep 26 · read the results ↗

	FY 25£'000	FY 24£'000
Continuing operations
REVENUE	242	161
Cost of sales	(60)	(22)
GROSS PROFIT	182	139
Administrative expenses	(3,791)	(4,830)
Adjusted EBITDA*	(3,320)	(4,365)
Share-based payment (expense)	(131)	(175)
Depreciation of tangible fixed assets	(158)	(151)
OPERATING LOSS	(3,609)	(4,691)
Net finance income	26	23
LOSS BEFORE TAX	(3,583)	(4,668)
Taxation	168	183
LOSS & TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	(3,415)	(4,485)
LOSS PER SHARE
Basic and diluted on loss from continuing operations	(0.62)p	(1.08)p
Basic and diluted on total loss for the period	(0.62)p	(1.08)p

	H1 26£'000	H2 25£'000	H1 25£'000
Revenue	109	177	65
Cost of sales	(33)	(42)	(18)
_______ _______ _______
Gross profit	76	135	47
Administrative expenses	(1,767)	(1,994)	(1,797)
Adjusted EBITDA*	(1,615)	(1,693)	(1,627)
Share based payment expense	(23)	(77)	(54)
Depreciation of tangible fixed assets	(53)	(89)	(69)
Operating loss	(1,691)	(1,859)	(1,750)
Finance income	73	–	39
Finance expense	(10)	–	(16)
_______ _______ _______
Loss before taxation	(1,628)	–	(1,727)
Taxation	(6)	168	-
_______ _______ _______
Loss after tax	(1,634)	–	(1,727)
___ ____ ____ _ __ _______
Loss per ordinary share
Basic and diluted on loss from continuing operations	(0.19)p	–	(0.33)p

	Latest Jun 26£'000	FY 25£'000	FY 24£'000
Assets
Non-current assets
Property, plant and equipment	201	–	–
Assets under construction	-	–	–
Right of use assets	445	484	664
Total non-current assets	646	645	813
Current assets
Inventories	109	113	154
Trade and other receivables	–	402	541
Bank deposits	–	4	4
Trade and other receivables	391	-	-
Cash on deposit	-	–	–
Cash and cash equivalents	3,498	5,544	2,803
Total current assets	3,998	6,063	3,502
Total assets	4,644	6,708	4,315
Liabilities
Non-current liabilities
Right of use liabilities	(393)	(429)	(558)
Other payables	(50)	(50)	(80)
Deferred tax	(38)	(38)	(38)
Total non-current liabilities	(481)	(517)	(676)
Current liabilities
Trade and other payables	(507)	(924)	(521)
Total current liabilities	(507)	(924)	(521)
Total liabilities	(988)	(1,441)	(1,197)
Net assets	3,656	5,267	3,118
Equity
Share capital	862	862	521
Share premium	136,211	136,211	131,220
Deferred share capital	3,544	3,544	3,544
Merger reserve	15,443	15,443	15,443
Accumulated losses	(153,452)	(151,841)	(148,557)
Warrant reserve	1,048	1,048	947
Total equity	3,656	5,267	3,118

	H1 26£'000	H2 25£'000	H1 25£'000	H2 24£'000
Assets
Non-current assets
Property, plant and equipment	201	–	78	–
Assets under construction	-	–	56	–
Right of use assets	445	484	610	664
Total non-current assets	646	645	744	813
Current assets
Inventories	109	113	156	154
Trade and other receivables	–	402	–	541
Bank deposits	–	4	–	4
Trade and other receivables	391	-	450	-
Cash on deposit	-	–	4	–
Cash and cash equivalents	3,498	5,544	1,209	2,803
Total current assets	3,998	6,063	1,819	3,502
Total assets	4,644	6,708	2,563	4,315
Liabilities
Non-current liabilities
Right of use liabilities	(393)	(429)	(511)	(558)
Other payables	(50)	(50)	(80)	(80)
Deferred tax	(38)	(38)	(38)	(38)
Total non-current liabilities	(481)	(517)	(629)	(676)
Current liabilities
Trade and other payables	(507)	(924)	(477)	(521)
Total current liabilities	(507)	(924)	(477)	(521)
Total liabilities	(988)	(1,441)	(1,106)	(1,197)
Net assets	3,656	5,267	1,457	3,118
Equity
Share capital	862	862	521	521
Share premium	136,211	136,211	131,231	131,220
Deferred share capital	3,544	3,544	3,544	3,544
Merger reserve	15,443	15,443	15,443	15,443
Accumulated losses	(153,452)	(151,841)	(150,229)	(148,557)
Warrant reserve	1,048	1,048	947	947
Total equity	3,656	5,267	1,457	3,118

	FY 25£'000	FY 24£'000
Operating activities
Loss before tax	(3,583)	(4,668)
Adjustment for non-cash items
Depreciation of property, plant and equipment	29	43
Amortisation of Right of Use assets	129	108
Share-based payment	131	175
Finance income	(56)	(59)
Finance expense	30	36
Decrease in inventories	41	5
(Increase)/decrease in trade and other receivables	139	(188)
Increase/(decrease) in trade and other payables	383	(88)
Impairment	-	(39)
Cash used in operations	(2,757)	(4,675)
Tax receipts	168	183
Net cash outflow from operations	(2,589)	(4,492)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(41)	(68)
Sale of property, plant and equipment	-	4
Finance income	56	59
Net cash inflow/(outflow) from investing activities	15	(5)
FINANCING ACTIVITIES
Proceeds from issue of share capital, net of costs	5,434	5,824
Payment of lease liabilities	(89)	(83)
Finance expense	(30)	(36)
Net cash inflow from financing activities	5,315	5,705
Increase in cash and cash equivalents	2,741	1,208
Cash and cash equivalents at start of year/period	2,803	1,595
Effect of exchange rate fluctuations on cash held	-	-
CASH AND CASH EQUIVALENTS AT END OF YEAR	5,544	2,803

	H1 26£'000	H2 25£'000	H1 25£'000
Operating activities
Loss before tax	(1,628)	(1,856)	(1,727)
Adjustment for non-cash items
Depreciation of property, plant and equipment	12	14	15
Amortisation of Right of Use assets	41	75	54
Share based (credit)/expense	23	–	54
(Increase)/decrease in inventories	4	43	(2)
(Increase)/decrease in trade and other receivables	12	48	91
Increase/(decrease) in trade and other payables	(412)	431	(48)
Finance income	(73)	(18)	(38)
Finance expense	10	14	16
Cash used in operations	(2,011)	(1,173)	(1,584)
Tax (payments)/receipts	(6)	–	-
Net cash outflow used in operations	(2,017)	–	(1,584)
Investing activities
Finance income	73	18	38
Sales of property, plant and equipment	(1)	–	-
Purchases of property, plant and equipment	(52)	(41)	-
Cash returned from deposit	4	–	-
Net cash inflow/(outflow) from investing activities	24	(23)	38
Financing activities
Proceeds from issue of share capital, net of costs	-	5,422	12
Payment of lease liabilities	(43)	(45)	(44)
Finance expense	(10)	(14)	(16)
Net cash (outflow)/inflow from financing activities	(53)	–	(48)
Increase/(decrease) in cash and cash equivalents	(2,046)	4,335	(1,594)
Cash and cash equivalents at start of year	5,544	–	2,803
Cash and cash equivalents at end of the period	3,498	–	1,209

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	0.3	0.2	0.2
Gross profit	0.2	0.2	0.1
Adjusted EBITDA	(3.3)	(3.3)	(4.4)
Operating profit	(3.5)	(3.6)	(4.7)
Depreciation (owned assets)	0.0	0.0	(0.2)
Depreciation (right-of-use)	0.1	0.1	–
Share-based payments	(0.1)	(0.1)	(0.2)
Operating profit to net income
Finance costs	(0.0)	(0.0)	–
Profit before tax	(3.5)	(3.6)	(4.7)
Tax	–	0.2	0.2
Net income (owners)	(3.3)	(3.4)	(4.5)
Per share
EPS basic	(0.5p)	(0.6p)	(1.1p)
EPS diluted	(0.5p)	(0.6p)	(1.1p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	0.1	n/m	0.2	0.1
Gross profit	0.1	n/m	0.1	0.0
Adjusted EBITDA	(1.6)	n/m	(1.7)	(1.6)
Operating profit	(1.7)	n/m	(1.9)	(1.8)
Depreciation (owned assets)	0.0	n/m	0.0	0.0
Depreciation (right-of-use)	0.0	n/m	0.1	0.1
Share-based payments	(0.0)	n/m	(0.1)	(0.1)
Operating profit to net income
Finance costs	(0.0)	n/m	(0.0)	(0.0)
Profit before tax	(1.6)	n/m	(1.9)	(1.7)
Net income (owners)	(1.6)	n/m	(1.7)	(1.7)
Per share
EPS basic	(0.2p)	–	(0.3p)	(0.3p)
EPS diluted	(0.2p)	–	(0.3p)	(0.3p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	(3.0)	(2.6)	(4.5)
Tax paid	–	0.2	–
Investing activities
Capex (PP&E)	–	(0.0)	(0.1)
Financing activities
Lease principal paid	(0.1)	(0.1)	(0.1)
Shares issued	–	5.4	5.8

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	(2.0)	n/m	(1.0)	(1.6)
Tax paid	(0.0)	–	–	–
Investing activities
Capex (PP&E)	(0.1)	–	–	–
Financing activities
Lease principal paid	(0.0)	n/m	(0.0)	(0.0)
Shares issued	–	–	5.4	0.0

	Latest Jun 26	FY 25	FY 24
Non-current assets
Property, plant & equipment	0.2	0.1	0.1
Non-current assets	0.6	0.6	0.8
Current assets
Inventories	0.1	0.1	0.2
Trade receivables	0.4	0.4	0.5
Cash	3.5	5.5	2.8
Current assets	4.0	6.1	3.5
Total assets	4.6	6.7	4.3
Current liabilities
Trade payables	0.5	0.9	0.5
Lease liabilities, current	0.1	0.1	–
Current liabilities	0.5	0.9	0.5
Non-current liabilities
Lease liabilities, non-current	0.4	0.4	0.6
Non-current liabilities	0.5	0.5	0.7
Total liabilities	1.0	1.4	1.2
Equity
Total equity	3.7	5.3	3.1

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Property, plant & equipment	0.2	0.1	0.1	0.1
Non-current assets	0.6	0.6	0.7	0.8
Current assets
Inventories	0.1	0.1	0.2	0.2
Trade receivables	0.4	0.4	0.5	0.5
Cash	3.5	5.5	1.2	2.8
Current assets	4.0	6.1	1.8	3.5
Total assets	4.6	6.7	2.6	4.3
Current liabilities
Trade payables	0.5	0.9	0.5	0.5
Lease liabilities, current	0.1	0.1	0.1	–
Current liabilities	0.5	0.9	0.5	0.5
Non-current liabilities
Lease liabilities, non-current	0.4	0.4	0.5	0.6
Non-current liabilities	0.5	0.5	0.6	0.7
Total liabilities	1.0	1.4	1.1	1.2
Equity
Total equity	3.7	5.3	1.5	3.1

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.