Half Year 2026 Getech Group PLC Earnings Call

Speaker #1: Throughout this recorded presentation, investors will be in listen-only mode. Questions encouraged can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen, features simply typing your questions and press send.

Operator: Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Please simply type in your questions and press send. Before we begin, I would like to submit the following poll. Now to hand you over to Chris Jepps, CEO. Good afternoon, sir.

Operator: Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Please simply type in your questions and press send. Before we begin, I would like to submit the following poll. Now to hand you over to Chris Jepps, CEO. Good afternoon, sir.

Speaker #1: Before we begin, I would like to submit the following poll: : another time driven to Chris Jeps, CEO of Good Afternoon Sir.

Speaker #2: Hi there, thanks for the introduction, and thanks everyone for joining. So today I'm going to be walking you through Getech's 2026 H1 results presentation.

Chris Jepps: Hi there. Thanks for the introduction and thanks everyone for joining. Today I am going to be walking you through Getech's 2026 H1 results presentation, and I am joined by my colleague, Simon Brown. Along with Simon, Max Brouwers is our Chief Business Development Officer. We are a relatively new management team. We have been in place since January 2025. We have been executing on a plan to really turn around Getech's fortunes and we feel the company is in a much, much better place now than it was previously. We are really proud of the work we have done and quietly confident going ahead as well. I am going to walk you through where we have got to and look at what is lying ahead of us as well. For those of you that do not know Getech, really we are the subsurface experts. We are a longstanding, well-trusted brand. Been listed 21 years.

Chris Jepps: Hi there. Thanks for the introduction and thanks everyone for joining. Today I am going to be walking you through Getech's 2026 H1 results presentation, and I am joined by my colleague, Simon Brown. Along with Simon, Max Brouwers is our Chief Business Development Officer. We are a relatively new management team. We have been in place since January 2025. We have been executing on a plan to really turn around Getech's fortunes and we feel the company is in a much, much better place now than it was previously. We are really proud of the work we have done and quietly confident going ahead as well. I am going to walk you through where we have got to and look at what is lying ahead of us as well.

Speaker #2: And I'm joined by my colleague, Simon Brown. With along with Simon, Max Brower is our Chief Business Development Officer. We're a new, relatively new management team; we've been in place since January 2025.

Speaker #2: And, you know, we've been executing on a plan to really turn around Getech's fortunes. And, you know, place now than it was previously. And, you know, we're really proud of the work we've done and sort of quietly confident going ahead as well.

Speaker #2: So I'm going to walk you through where we've got to, and look at what's lying ahead of us as well. So for those of you that don't know, Getech really, we're the subsurface experts.

Chris Jepps: For those of you that do not know Getech, really we are the subsurface experts. We are a longstanding, well-trusted brand. Been listed 21 years. Been going three decades or more. We work globally and we have got a fantastic client base of both household names you have all heard of, as well as a long tail of less well-known energy and natural resource companies. What we do for those guys is we help them reduce their exploration risks with our products and our insights. Many of those companies have been with Getech a long time.

Speaker #2: We're a longstanding, well-trusted brand, we've been listed for 21 years, and we've been going for decades or more. We work globally, and we've got a fantastic client base of both household names—names you've all heard of—as well as a long tail of less well-known energy and natural resource companies.

Chris Jepps: Been going three decades or more. We work globally and we have got a fantastic client base of both household names you have all heard of, as well as a long tail of less well-known energy and natural resource companies. What we do for those guys is we help them reduce their exploration risks with our products and our insights. Many of those companies have been with Getech a long time. Many of them using our key platforms of Globe, which is our geoscience knowledge platform, and our gravity and magnetic data, which is where the company started. We are very much a product company. We are underpinned by a fair chunk of ARR. Last year, 2025, nearly 80% of our revenues came from products. So, where we have got to so far in 2026, halfway through the year.

Speaker #2: And what we do for those guys is we help them reduce their exploration risks with our products and our insights. And many of those companies have been with Getech a long time, many of them using our sort of key platforms of Globe, which is our geoscience knowledge platform, and our Gravity and Magnetic Data, which is where the company started.

Chris Jepps: Many of them using our key platforms of Globe, which is our geoscience knowledge platform, and our gravity and magnetic data, which is where the company started. We are very much a product company. We are underpinned by a fair chunk of ARR. Last year, 2025, nearly 80% of our revenues came from products. So, where we have got to so far in 2026, halfway through the year.

Speaker #2: And we're very much a products company. We're underpinned by a fair chunk of ARR, and, you know, last year—2025—nearly 80% of our revenues came from products.

Speaker #2: So where we've got to so far in 2026, halfway through the year, so last year, for those of you who don't know the story, was a bit of a sort of resetting of the fundamentals of the business.

Chris Jepps: Last year, for those of you who do not know the story, was a bit of a resetting of the fundamentals of the business, and this year has all been about building on trading momentum. Given the lower operational cost base that we developed last year, we are now really delivering on revenue growth, returning to profitability. Key metrics of revenues, EBITDA, cash generation, they are all up, moving in the right direction. Got a bit more detail on that on a later slide. This is driven by great background trading business as usual trading, and also some major contract wins. Early this year, we announced a renewal of one of our Globe major companies, and that had about a 28% value uplift to the contract. It is one of the key ways that we try and grow ARR.

Chris Jepps: Last year, for those of you who do not know the story, was a bit of a resetting of the fundamentals of the business, and this year has all been about building on trading momentum. Given the lower operational cost base that we developed last year, we are now really delivering on revenue growth, returning to profitability. Key metrics of revenues, EBITDA, cash generation, they are all up, moving in the right direction. Got a bit more detail on that on a later slide. This is driven by great background trading business as usual trading, and also some major contract wins. Early this year, we announced a renewal of one of our Globe major companies, and that had about a 28% value uplift to the contract. It is one of the key ways that we try and grow ARR.

Speaker #2: And this year has all been about building on trading momentum. So given the lower operational cost base that we developed last year, we're now really delivering on revenue growth and returning to profitability and kind of key metrics of revenues, EBITDA, cash generation.

Speaker #2: They're all up, moving in the right direction. I've got a bit more detail on that on a later slide. And, you know, this is driven by great background trading—business-as-usual trading—and also some major contract wins early this year.

Speaker #2: We announced a renewal of one of our Globe major companies, and that had about a 28% value uplift to the contract. It's one of the key ways that we try and grow ARR.

Speaker #2: We also post-period added a new Globe client, which we were very happy about. First one for a few years, really showing the strength of our revitalized sales team.

Chris Jepps: We also, post-period, added a new Globe client, which we were very happy about. First one for a few years, really showing the strength of our revitalized sales team. That was a European super major. A few days after that, we were able to announce one of the largest contracts we have ever won, this time in the natural hydrogen space, which is an area we have been focusing on in order to divest our revenue somewhat as well. That was with the European Commission. A bit more detail on that later, but a significant contract of over EUR 1 million. Looking forward, we are starting to see positive market signs for the first time in quite a few years in the upstream energy world.

Chris Jepps: We also, post-period, added a new Globe client, which we were very happy about. First one for a few years, really showing the strength of our revitalized sales team. That was a European super major. A few days after that, we were able to announce one of the largest contracts we have ever won, this time in the natural hydrogen space, which is an area we have been focusing on in order to divest our revenue somewhat as well. That was with the European Commission. A bit more detail on that later, but a significant contract of over EUR 1 million. Looking forward, we are starting to see positive market signs for the first time in quite a few years in the upstream energy world.

Speaker #2: That was a European super major. And then, a few days after that, we were able to announce one of the largest contracts we've ever won, this time in the natural hydrogen space, which is an area we've been focusing on in order to diversify our revenue somewhat as well.

Speaker #2: And that was with the European Commission—a bit more detail on that later—but a significant contract of over €1 million. So, you know, looking forward, we're starting to see positive market signs for the first time in quite a few years in the sort of upstream energy world.

Speaker #2: And that's really being driven by kind of low reserve replacement rates among oil and gas majors, and also sort of geopolitical uncertainty and sort of security of supply concerns.

Chris Jepps: That is really being driven by low reserve replacement rates among oil and gas majors and also geopolitical uncertainty and security of supply concerns. That has really had a good effect on our trading. It has also had a good effect on our new business pipeline. We are very much on track to meet our guidance for this year, for 2026. Along the way, we have picked up a new major shareholder in Xcalibur. Again, more on that shortly. For those of you that do not know too much about Getech, the main markets we serve are the energy and natural resources markets. In particular, oil and gas, minerals, natural hydrogen, and to some extent, geothermal. Oil and gas, as I have said, exploration is very much back in focus.

Chris Jepps: That is really being driven by low reserve replacement rates among oil and gas majors and also geopolitical uncertainty and security of supply concerns. That has really had a good effect on our trading. It has also had a good effect on our new business pipeline. We are very much on track to meet our guidance for this year, for 2026. Along the way, we have picked up a new major shareholder in Xcalibur. Again, more on that shortly. For those of you that do not know too much about Getech, the main markets we serve are the energy and natural resources markets. In particular, oil and gas, minerals, natural hydrogen, and to some extent, geothermal. Oil and gas, as I have said, exploration is very much back in focus.

Speaker #2: And that's, you know, really had a good effect on our trading. It's also had a good effect on our new business pipeline. We're very much on track to meet our guidance for this year, for 2026.

Speaker #2: And along the way, we've picked up a new major shareholder in Excalibur, again, more on that shortly. So for those of you that don't know too much about Getech, the main markets we serve are the energy and natural resources markets, and in particular oil and gas, minerals, natural hydrogen, and to some extent geothermal.

Speaker #2: Oil and gas, as I've said, exploration is very much back in focus. There was an announcement by the CEO of TGS earlier this week that they fully expect exploration budgets to be larger next year.

Chris Jepps: There was an announcement by the CEO of TGS ASA earlier this week that they fully expect exploration budgets to be larger next year. We are still working on budgets that were set in 2025 before the recent shocks to the energy system. That is all great industry and sector tailwinds for us. Likewise, there is increasing recognition of the need for more exploration for key metals such as copper, lithium, and gold remains important as well. Natural hydrogen that is found underground rather than created via electrolyzers. That is a nascent and emerging sector. Helium, there are a lot of shortages for, and hydrogen, natural hydrogen and helium are often found co-located together. So that is a market we have been winning work in, and again, referring back to the previous slide, we won this very large contract and more on that later. We are in energy transition.

Chris Jepps: There was an announcement by the CEO of TGS ASA earlier this week that they fully expect exploration budgets to be larger next year. We are still working on budgets that were set in 2025 before the recent shocks to the energy system. That is all great industry and sector tailwinds for us. Likewise, there is increasing recognition of the need for more exploration for key metals such as copper, lithium, and gold remains important as well. Natural hydrogen that is found underground rather than created via electrolyzers. That is a nascent and emerging sector. Helium, there are a lot of shortages for, and hydrogen, natural hydrogen and helium are often found co-located together.

Speaker #2: We're still kind of working on budgets that were set in 2025 before the sort of recent shocks to the energy system. And that's all, you know, great industry and tech to tailwinds for us.

Speaker #2: Likewise, there's increasing recognition of the need for more exploration for key metals, such as copper, lithium, and gold remains important as well. Natural hydrogen, hydrogen that's found underground rather than created by electrolyzers, there's kind of a nascent and emerging sector.

Speaker #2: Helium—there are a lot of shortages for it—and hydrogen, natural hydrogen and helium are often found co-located together. So that's a market we've been winning work in, and again, referring back to the previous slide, we've won this very large contract; more on that later.

Chris Jepps: So that is a market we have been winning work in, and again, referring back to the previous slide, we won this very large contract and more on that later. We are in energy transition. There has been slower progress in some parts of that, especially with oil and gas exploration coming back into play. But we are seeing a bit of a shift in demand. Things like data centers are really driving demand across all options for energy provision, including geothermal. So yeah, we can continue to keep our eye on that area too. But a lot of what we do is oil and gas. That is very much swinging back into fashion with an eye on all these other sectors as well. I will hand over to Simon to talk through the numbers from our H1 2026.

Speaker #2: You know, we are in an energy transition. There's been slower progress in some parts of that, especially with sort of oil and gas exploration coming back into play.

Chris Jepps: There has been slower progress in some parts of that, especially with oil and gas exploration coming back into play. But we are seeing a bit of a shift in demand. Things like data centers are really driving demand across all options for energy provision, including geothermal. So yeah, we can continue to keep our eye on that area too. But a lot of what we do is oil and gas. That is very much swinging back into fashion with an eye on all these other sectors as well. I will hand over to Simon to talk through the numbers from our H1 2026.

Speaker #2: But we're seeing a bit of a shift in demand. Things like data centers are really driving demand across all options for energy provision, including geothermal.

Speaker #2: So, you know, we can continue to keep our eye on that area too. But a lot of what we do is oil and gas.

Speaker #2: That's very much swinging back into fashion with an eye on all these other sectors as well. So I'll hand over to Simon to talk through the numbers from our H1 2026.

Speaker #1: Great, thanks, Chris. Yeah, just building on a few of the points you've raised there regarding metrics, we announced revenue growth of 15% compared to H1 '25.

Simon Brown: Great. Thanks, Chris. Just building on a few of the points you have raised there regarding metrics. We announced revenue growth of 15% compared to H1 2025. That is driven by a combination of those new business wins, but also strong customer retention in that period. The revenue growth is now translating into profitability, and the group delivered positive H1 adjusted EBITDA of GBP 0.2 million, compared to a GBP 0.1 million loss in the previous period. Importantly, with the cost base being stabilized, we are also seeing that progress converting into cash. We see that continuing now as we move into H2. ARR was broadly stable, flat on the year-end position, but in the post periods, we have seen that increase to just over GBP 3 million with those key new contract wins and the strong customer retention that we have seen as well. Then finally, onto order book.

Simon Brown: Great. Thanks, Chris. Just building on a few of the points you have raised there regarding metrics. We announced revenue growth of 15% compared to H1 2025. That is driven by a combination of those new business wins, but also strong customer retention in that period. The revenue growth is now translating into profitability, and the group delivered positive H1 adjusted EBITDA of GBP 0.2 million, compared to a GBP 0.1 million loss in the previous period. Importantly, with the cost base being stabilized, we are also seeing that progress converting into cash. We see that continuing now as we move into H2.

Speaker #1: That's driven by a combination of those new business wins, but also strong customer retention in that period. The revenue growth is now translating into profitability.

Speaker #1: And the group delivered positive first half adjusted EBITDA of £0.2 million, compared to a £0.1 million loss in the previous period. Importantly, with the cost base being stabilized, we're also seeing that progress convert into cash.

Speaker #1: So we see that continuing now as we move into H2. ARR was broadly stable, flat on the year-end position, but in the post-periods, we've seen that increase to just over 3 million, with those key new contract wins.

Simon Brown: ARR was broadly stable, flat on the year-end position, but in the post periods, we have seen that increase to just over GBP 3 million with those key new contract wins and the strong customer retention that we have seen as well. Then finally, onto order book. It stood at GBP 4 million at the end of the period. In the two months post-period, we have increased that to GBP 4.7 million. That gives us great visibility and confidence as we move into H2. GBP 1.6 million of that is expected to be recognized in H2, and a further circa GBP 2 million will be recognized in 2027. In summary, I think that the financial indicators are all moving in the right direction, giving us confidence as we move into the remainder of 2026. Back to you, Chris.

Speaker #1: And the strong customer retention that we've seen as well. And then finally, onto order book, it stood at 4 million at the end of the period.

Simon Brown: It stood at GBP 4 million at the end of the period. In the 2 months post-period, we have increased that to GBP 4.7 million. That gives us great visibility and confidence as we move into H2. GBP 1.6 million of that is expected to be recognized in H2, and a further circa GBP 2 million will be recognized in 2027. In summary, I think that the financial indicators are all moving in the right direction, giving us confidence as we move into the remainder of 2026. Back to you, Chris.

Speaker #1: In the two months post-period, we've increased that to £4.7 million. So that gives us great visibility and confidence as we move into H2. £1.6 million of that is expected to be recognized in H2.

Speaker #1: And a further circa 2 million will be recognized in 27. So in summary, I think the financial indicators are all moving in the right direction, giving us confidence as we move into the remainder of 2026.

Speaker #1: Thanks to you, Chris.

Speaker #2: Yeah. Thanks, Simon. I think worth noting as well at this point that Getech's historically been an H2-weighted company in terms of revenue. We're often about 60% revenues in H2.

Chris Jepps: Thanks, Simon. I think worth noting as well at this point that Getech historically been a H2-weighted company in terms of revenue. We are offering about 60% revenues in H2. We really feel that we are well-placed as we go through the year. Just looking further ahead, if you like, and looking at strategy, the new management team has really focused the company back on our key strengths, looking at the subsurface, and things related to extracting things from the subsurface. We prioritize the sectors I have already gone through. What we do for those sectors is we leverage our geoscience, geophysics understanding, and our products like Globe and our GIS software products, as well as new technologies such as AI and machine learning, to provide unique solutions and insight for our clients.

Chris Jepps: Thanks, Simon. I think worth noting as well at this point that Getech historically been a H2-weighted company in terms of revenue. We are offering about 60% revenues in H2. We really feel that we are well-placed as we go through the year. Just looking further ahead, if you like, and looking at strategy, the new management team has really focused the company back on our key strengths, looking at the subsurface, and things related to extracting things from the subsurface. We prioritize the sectors I have already gone through. What we do for those sectors is we leverage our geoscience, geophysics understanding, and our products like Globe and our GIS software products, as well as new technologies such as AI and machine learning, to provide unique solutions and insight for our clients.

Speaker #2: So, you know, we really feel that we're well placed as we go through the year. So just looking further ahead, if you like, and looking at strategy, you know, we've the new management team has really focused the company back on our key strengths, looking at the subsurface, and things related to extracting things from the subsurface.

Speaker #2: We've prioritized the sectors I've already gone through. And what we do for those sectors is we leverage our geoscience, geophysics understanding, and our products like GLOBE and our GIS software products, as well as new technologies such as AI and machine learning, to provide unique solutions and insight for our clients.

Speaker #2: And we have a lot of intellectual property in the company, particularly GLOBE, which has been built over 15 years. Gravity and magnetic data, as we call it—GNM data.

Chris Jepps: We have a lot of intellectual property in the company, particularly Globe, which has been built over 15 years. Gravity and magnetic data, or as we call it, G&M data, that has been being built by the company since it started as a spin-out from University of Leeds, and the software products have been developed over 20 years as well. Our ambition really is to be the world's most trusted source of subsurface and geospatial insight for our clients in the sectors in which we work. We feel that that will get us to being sustainably cash generative. We have a real target to grow our ARR up towards the level of the cost base and potentially beyond. We do both of those things by keeping our products relevant, enhancing them, evolving them, and by keeping an eye on diversification as well.

Chris Jepps: We have a lot of intellectual property in the company, particularly Globe, which has been built over 15 years. Gravity and magnetic data, or as we call it, G&M data, that has been being built by the company since it started as a spin-out from University of Leeds, and the software products have been developed over 20 years as well. Our ambition really is to be the world's most trusted source of subsurface and geospatial insight for our clients in the sectors in which we work. We feel that that will get us to being sustainably cash generative. We have a real target to grow our ARR up towards the level of the cost base and potentially beyond.

Speaker #2: That's been being built by the company since it started as a spinout from Leeds University. And the software products have been developed over 20 years as well.

Speaker #2: And our ambition really is to be the world's most trusted source of subsurface and geospatial insight for our clients, in the sectors in which we work.

Speaker #2: And, you know, we feel that will get us to being sustainably cash-generative. We have a real target to grow our ARR up towards the level of the cost base.

Speaker #2: And potentially beyond. And we do both of those things by keeping our products relevant, enhancing them, evolving them, and by keeping an eye on diversification as well.

Chris Jepps: We do both of those things by keeping our products relevant, enhancing them, evolving them, and by keeping an eye on diversification as well. At a high level, that's our strategy. Last year was about a turnaround. This year is about momentum. As we execute on the plan, we'll be getting more into a growth phase. Globe is our key product, really, and it's one thing that Getech's been built around over the last 15 years.

Speaker #2: So at a high level, that's our strategy. Last year was about a turnaround. This year is about momentum. And as we execute on the plan, we'll be getting more into a growth phase.

Chris Jepps: At a high level, that's our strategy. Last year was about a turnaround. This year is about momentum. As we execute on the plan, we'll be getting more into a growth phase. Globe is our key product, really, and it's one thing that Getech's been built around over the last 15 years. This product is trusted by five of the six world's oil and gas super majors. It was actually built on our own data sets, on our own gravity and magnetic database, which is a global data set, and itself one of the world's most extensive commercially available data sets. It's fantastic to be able to tell the rest of our market, which by the way, is very large as well. Five of the six super majors are only a part of the oil and gas market.

Speaker #2: GLOBE is our key product, really, and it's the one thing that Getech has been built around over the last 15 years. You know, this product is trusted by five of the six world's oil and gas super majors.

Chris Jepps: This product is trusted by five of the six world's oil and gas super majors. It was actually built on our own data sets, on our own gravity and magnetic database, which is a global data set, and itself one of the world's most extensive commercially available data sets. It's fantastic to be able to tell the rest of our market, which by the way, is very large as well. Five of the six super majors are only a part of the oil and gas market.

Speaker #2: It was actually built on our own data sets, on our own Gravity and magnetic database, which is a global data set. And itself one of the world's most extensive commercial commercially available data sets.

Speaker #2: You know, it's fantastic to be able to tell the rest of our market, which, by the way, is very large as well. You know, five of the six super majors are only a part of the oil and gas market.

Speaker #2: There's a very long tail of large independent as well as national oil and gas companies and governments. That are customers for our offerings. And it's great to be able to show them this kind of that the peak of the industry, if you like, these super majors rely on Getech's GLOBE technology.

Chris Jepps: There's a very long tail of large independents, as well as National Oil Companies and governments that are customers for our offerings. It's great to be able to show them this kind of at the peak of the industry, if you like, these super majors rely on Getech's Globe technology. As I say, it was built over 15 years of investment by highly skilled geoscientists, geophysicists. Again, using our database as its foundation, so not easily recreatable process from that point of view. Globe can be applied across multiple kind of exploration scenarios. Some of the technical things are shown on the screen there. It also used across multiple sectors. It was built for oil and gas, but the model can also be used for mining use cases, geothermal, natural hydrogen and so on.

Chris Jepps: There's a very long tail of large independents, as well as National Oil Companies and governments that are customers for our offerings. It's great to be able to show them this kind of at the peak of the industry, if you like, these super majors rely on Getech's Globe technology. As I say, it was built over 15 years of investment by highly skilled geoscientists, geophysicists. Again, using our database as its foundation, so not easily recreatable process from that point of view. Globe can be applied across multiple kind of exploration scenarios. Some of the technical things are shown on the screen there. It also used across multiple sectors. It was built for oil and gas, but the model can also be used for mining use cases, geothermal, natural hydrogen and so on.

Speaker #2: As I say, it was built over 15 years of investment by highly skilled geoscientists and geophysicists—again, using our databases as its foundation. So, it's not an easily recreatable process from that point of view.

Speaker #2: And GLOBE can be applied across multiple kind of exploration scenarios. Some of the technical things are shown on the screen there. But also used across multiple sectors.

Speaker #2: So it was built for oil and gas, but the model can also be used for mining use cases, geothermal, natural hydrogen, and so on.

Speaker #2: You know, we think that the scale of the data set, the amount of historical investment, and the proprietary nature of a lot of the inputs and the work we've done during that time make the data set exceptionally difficult to recreate.

Chris Jepps: We think that the scale of the data set and the amount of historical investment and the proprietary nature of a lot of the inputs and the work we've done during that time make the data set exceptionally difficult to recreate. One of the inputs into our response for European Commission natural hydrogen tender was to use our own Globe data and our own gravity and magnetic data. This is a great example of how we can use our IP to win new business. As part of a consortium, we were selected by the European Commission to conduct a Europe-wide geological assessment of the natural hydrogen potential across the continent. We beat off competition from a number of blue-chip organizations, many of them household names. We're super proud of that, which is a chunky contract worth over a million euros.

Chris Jepps: We think that the scale of the data set and the amount of historical investment and the proprietary nature of a lot of the inputs and the work we've done during that time make the data set exceptionally difficult to recreate. One of the inputs into our response for European Commission natural hydrogen tender was to use our own Globe data and our own gravity and magnetic data. This is a great example of how we can use our IP to win new business. As part of a consortium, we were selected by the European Commission to conduct a Europe-wide geological assessment of the natural hydrogen potential across the continent. We beat off competition from a number of blue-chip organizations, many of them household names. We're super proud of that, which is a chunky contract worth over a million euros.

Speaker #2: One of the inputs into our response for the European Commission natural hydrogen tender was to use our own GLOBE data and our own Gravity and magnetic data.

Speaker #2: So this is a great example of how we can use our IP to win new business. And as part of a consortium, we were selected by the European Commission to conduct a geological Europe-wide geological assessment of the natural hydrogen potential across the continent.

Speaker #2: And we beat off competition from a number of blue-chip organizations, many of them household names. So, you know, we're super proud of that. This is a chunky contract worth over a million euros.

Speaker #2: It's a 12-month project. So we'll recognize it this year and next. Obviously, that strengthens our order book as Simon has already demonstrated. And gives us good visibility on services revenues into next year.

Chris Jepps: It's a 12-month project, so we'll recognize it this year and next. Obviously, that strengthens our order book as Simon's already demonstrated, and gives us good visibility on services revenues into next year. I think of it as a really strategically significant win. We have done a lot of work, smaller projects in natural hydrogen, and this big project really validates our approach, the investment we've made in the sector. It also positions us right at the forefront of the natural hydrogen world. It could potentially give us a platform for similar wins as other areas look to do similar projects. Not everyone's mapped the potential for their natural hydrogen. In fact, very few places have. So really the rest of the world to go after in this kind of play outside of, say, the US, which have done one, and Europe, which are doing one.

Chris Jepps: It's a 12-month project, so we'll recognize it this year and next. Obviously, that strengthens our order book as Simon's already demonstrated, and gives us good visibility on services revenues into next year. I think of it as a really strategically significant win. We have done a lot of work, smaller projects in natural hydrogen, and this big project really validates our approach, the investment we've made in the sector. It also positions us right at the forefront of the natural hydrogen world. It could potentially give us a platform for similar wins as other areas look to do similar projects. Not everyone's mapped the potential for their natural hydrogen. In fact, very few places have.

Speaker #2: I think of it as like a really strategically significant win. We have done a lot of work, smaller projects in natural hydrogen. And this big project really validates our approach.

Speaker #2: The investment we've made in the sector. And it also positions us right at the forefront of the natural hydrogen world. And it could potentially give us a platform for similar wins as other areas look to do similar projects.

Speaker #2: Not everyone's mapped, you know, the potential for their natural hydrogen. In fact, very few places have. So, really, the rest of the world to go after in this kind of play, outside of, say, the US, which have done one, and Europe, which are doing one.

Chris Jepps: So really the rest of the world to go after in this kind of play outside of, say, the US, which have done one, and Europe, which are doing one. Natural hydrogen is important for energy transition. It is clean. There is a lot of it. Estimates put it up at a similar magnitude to oil and gas and potentially beyond. Obviously, it is important for transition, could potentially support energy sovereignty, and obviously works towards decarbonization. With the turnaround of the company, we have been able to attract a new shareholder. Xcalibur Multiphysics Group acquired a 25.5% shareholding through the summer, post-period.

Speaker #2: And obviously, natural hydrogen is important for the energy transition. It's clean, and there's a lot of it. Estimates put it at a similar magnitude to oil and gas, and potentially beyond.

Chris Jepps: Natural hydrogen is important for energy transition. It is clean. There is a lot of it. Estimates put it up at a similar magnitude to oil and gas and potentially beyond. Obviously, it is important for transition, could potentially support energy sovereignty, and obviously works towards decarbonization. With the turnaround of the company, we have been able to attract a new shareholder. Xcalibur Multiphysics Group acquired a 25.5% shareholding through the summer, post-period. If you do not know Xcalibur, they are a global leader in airborne geophysical acquisition. So they shoot the kind of data that we hold already, gravity and magnetics and other types of data, electromagnetic, for example. They are also moving into country mapping. They have operations across six continents. They have a specialist aircraft fleet for doing this kind of acquisition. So you can see there is quite a bit of potential interest there in terms of us doing similar things.

Speaker #2: Obviously, it's important for transition. Could potentially support energy sovereignty and obviously works towards decarbonization. With the sort of turnaround of the company, we've been able to attract a new shareholder, Excalibur Multiphysics Group, acquired 25.5% shareholding through the summer, post-period.

Speaker #2: If you don't know Excalibur, they're a global leader in airborne geophysical acquisition. So they collect the kind of data that we hold already—gravity and magnetics, and other types of data, electromagnetic for example.

Chris Jepps: If you do not know Xcalibur, they are a global leader in airborne geophysical acquisition. So they shoot the kind of data that we hold already, gravity and magnetics and other types of data, electromagnetic, for example. They are also moving into country mapping. They have operations across six continents. They have a specialist aircraft fleet for doing this kind of acquisition. So you can see there is quite a bit of potential interest there in terms of us doing similar things. As you would expect, we are exploring opportunities for how we can collaborate going forward. I talked a little bit about ARR.

Speaker #2: And they're also moving into country mapping. They have operations across six continents. They have a specialist aircraft fleet for doing this kind of acquisition.

Speaker #2: So, you can see there's quite a bit of potential interest there in terms of us doing similar things. And, as you'd expect, we're exploring opportunities for how we can collaborate going forward.

Chris Jepps: As you would expect, we are exploring opportunities for how we can collaborate going forward. I talked a little bit about ARR. How do we intend to grow our ARR? It is a key strategic priority for the business. Anything we can win that is ARR means we do not have to win it again next year, obviously, especially if it is a multi-year agreement. So there are two main ways for us to grow ARR. The first one is to land new clients, and the second one is to leverage our existing, very strong customer base, as you have seen from the logos that you have seen. So there is a large market for us to go after. We might have nailed the super major or most of the super majors, but there are some very large independent oil and gas companies, down to very small oil and gas companies, that could benefit from the solutions that we offer.

Speaker #2: I talked a little bit about ARR. How do we intend to grow our ARR? This is a key strategic priority for the business. Anything we can win that's ARR means we don't have to win it again next year, obviously.

Chris Jepps: How do we intend to grow our ARR? It is a key strategic priority for the business. Anything we can win that is ARR means we do not have to win it again next year, obviously, especially if it is a multi-year agreement. So there are two main ways for us to grow ARR. The first one is to land new clients, and the second one is to leverage our existing, very strong customer base, as you have seen from the logos that you have seen. So there is a large market for us to go after. We might have nailed the super major or most of the super majors, but there are some very large independent oil and gas companies, down to very small oil and gas companies, that could benefit from the solutions that we offer.

Speaker #2: Especially if it's a multi-year agreement. So there are two main ways for us to grow ARR. The first is to land new clients, and the second is to leverage our existing, very strong customer base, as you've seen from the logos displayed.

Speaker #2: So there is a large market for us to go after. We might have nailed the super major or most of the super majors. But there are some very large independent oil and gas companies down to very small oil and gas companies.

Speaker #2: That could benefit from the solutions that we offer. Most independents and super majors look after about a third of oil and gas across the world.

Chris Jepps: Most independents and super majors look after about a third of oil and gas across the world. National governments and NOCs look after the other two thirds. So there is a large market of governments to go after all around the world. We are looking to leverage our strong customer base as well, and we saw some evidence of that via the renewal of one of our Globe clients earlier in the year with a contract uplift of about 28%, driven by our other product enhancements, and bundling in other offerings. So talking of product enhancements, these are some of the things that have been on our optics this year. Globe, we are always looking to enhance with new analytics, but also new content, new data layers, and new delivery options as technology evolves around us.

Chris Jepps: Most independents and super majors look after about a third of oil and gas across the world. National governments and NOCs look after the other two thirds. So there is a large market of governments to go after all around the world. We are looking to leverage our strong customer base as well, and we saw some evidence of that via the renewal of one of our Globe clients earlier in the year with a contract uplift of about 28%, driven by our other product enhancements, and bundling in other offerings. So talking of product enhancements, these are some of the things that have been on our optics this year. Globe, we are always looking to enhance with new analytics, but also new content, new data layers, and new delivery options as technology evolves around us.

Speaker #2: National governments and NOCs look after the other two thirds. So there's a large market of governments to go after all around the world. And, you know, we are looking to leverage our strong customer base as well.

Speaker #2: And we saw some evidence of that via the renewal of one of our GLOBE clients earlier in the year, with a contract uplift of about 28%, driven by our other product enhancements.

Speaker #2: And bundling in other offerings. So talking of product enhancements, these are some of the things that have been on our optics this year. GLOBE, we're always looking to enhance with new analytics, but also new content, new data layers, and new delivery options as technology evolves around us.

Speaker #2: Obviously, integration of AI and machine learning capabilities to really extract the maximum value from the data within the system. Similarly, our Gravity and magnetic data holdings are always looking to source new data sets, merge them in, and create new commercial opportunities.

Chris Jepps: Obviously, integration of AI and machine learning capabilities to really extract the maximum value from the data within the system. Similarly, our gravity and magnetic data holdings, always looking to source new datasets, merge them in, and create new commercial opportunities. We are also looking at new ways to distribute that data, moving hopefully from sort of spot sale, one-off commercial transactions, to a more recurring ARR model. Our Unconventionals Analyst product was up, revenue-wise, about 22% year on year. So we continue to push the boundaries of that to attract new clients. That is all about building ARR, with enhanced analytics within that product. I have mentioned AI and machine learning a few times.

Chris Jepps: Obviously, integration of AI and machine learning capabilities to really extract the maximum value from the data within the system. Similarly, our gravity and magnetic data holdings, always looking to source new datasets, merge them in, and create new commercial opportunities. We are also looking at new ways to distribute that data, moving hopefully from sort of spot sale, one-off commercial transactions, to a more recurring ARR model. Our Unconventionals Analyst product was up, revenue-wise, about 22% year on year. So we continue to push the boundaries of that to attract new clients. That is all about building ARR, with enhanced analytics within that product. I have mentioned AI and machine learning a few times.

Speaker #2: We're also looking at new ways to distribute that data, moving hopefully from sort of spot sale, one-off commercial transactions to a more recurring ARR model.

Speaker #2: Our unconventionals analyst product was up revenue-wise about 22% year on year. So we continue to push the boundaries with that to attract new clients.

Speaker #2: And that's all about building ARR with enhanced analytics within that product. And I've mentioned AI and machine learning a few times. You know, we look at that, of course, as everyone is.

Chris Jepps: We look at that, of course, as everyone is, in terms of making ourselves more efficient, integrating capabilities across our offerings, and also being aware of the moats around us in defense of the threats of AI. We put a lot of work into AI this year, and we expect that to follow through into our offerings down the line. Our core markets remain the priority going forward, but we do like to keep an eye on diversification opportunities for reasons I have already mentioned. Within oil and gas, we tend to be quite upstream, but there are other areas of oil and gas which are revenue opportunities to us, specifically appraisal and into development. In fact, our Unconventionals Analyst product is an example of that, which is a bit further downstream from exploration.

Chris Jepps: We look at that, of course, as everyone is, in terms of making ourselves more efficient, integrating capabilities across our offerings, and also being aware of the moats around us in defense of the threats of AI. We put a lot of work into AI this year, and we expect that to follow through into our offerings down the line. Our core markets remain the priority going forward, but we do like to keep an eye on diversification opportunities for reasons I have already mentioned. Within oil and gas, we tend to be quite upstream, but there are other areas of oil and gas which are revenue opportunities to us, specifically appraisal and into development. In fact, our Unconventionals Analyst product is an example of that, which is a bit further downstream from exploration.

Speaker #2: In terms of making ourselves more efficient, integrating capabilities across our offerings, and also being aware of kind of the moats to the moats around us in defense of the threats to the threats of AI.

Speaker #2: So we put a lot of work into AI this year, and we expect that to follow through into our offerings down the line. Our core markets remain the priority going forward.

Speaker #2: But we do like to keep an eye on diversification opportunities for reasons I've already mentioned. Within oil and gas, we tend to be quite upstream.

Speaker #2: But there are other areas of oil and gas which are revenue opportunities to us, specifically appraisal and into development. In fact, our unconventionals analyst product is an example of that.

Speaker #2: Which is a bit further downstream from exploration. So we have good skills there, and we're starting to win services work in that area. We have a lot of geospatial, or GIS, expertise within the company.

Chris Jepps: We have good skills there and we are starting to win services work in that area. We have a lot of geospatial or GIS expertise within the company. The GIS market itself is very large, and we are well-placed to grow our own revenues within that market. This year we have been working on new offerings to launch during the year and going forward, and there is clear revenue upside potential, we believe, for Getech there. Then on the low carbon side, we have a strong presence in the geothermal market. We continue to pick up projects there, and we have had that great validation of our natural hydrogen work with the European Commission study. They are areas we continue to progress. We do have a Sound Energy JV for natural hydrogen exploration in Morocco, and we continue to progress that slowly in a capital-light fashion.

Chris Jepps: We have good skills there and we are starting to win services work in that area. We have a lot of geospatial or GIS expertise within the company. The GIS market itself is very large, and we are well-placed to grow our own revenues within that market. This year we have been working on new offerings to launch during the year and going forward, and there is clear revenue upside potential, we believe, for Getech there. Then on the low carbon side, we have a strong presence in the geothermal market. We continue to pick up projects there, and we have had that great validation of our natural hydrogen work with the European Commission study. They are areas we continue to progress.

Speaker #2: The GIS market itself is very large, and we're well placed to grow our own revenues within that market. This year, we've been working on new offerings to launch during the year and going forward.

Speaker #2: And there's clear revenue upside potential, we believe, for Getech there. And then on the low-carbon side, we have a strong presence in the geothermal market.

Speaker #2: We continue to pick up projects there. And we, you know, had that great validation of our natural hydrogen work with the European Commission study.

Speaker #2: So there are areas we continue to progress. We do have a sound energy JV with for natural hydrogen exploration in Morocco. And we continue to progress that slowly in a capital light fashion.

Chris Jepps: We do have a Sound Energy JV for natural hydrogen exploration in Morocco, and we continue to progress that slowly in a capital-light fashion. Generally, we continue to focus on our core markets and the best kind of revenue opportunities in those. In summary, 2025 was a bit of a turnaround year for Getech. We have continued the strong trading momentum at the end of 2025 into the H1 of this year, and we can see from the post-period wins that that is carrying on into the H2. Those contract wins have allowed us to increase order book and ARR. We continue to focus the business on ARR growth. We are continuing to maintain our cost-based discipline.

Chris Jepps: Generally, we continue to focus on our core markets and the best kind of revenue opportunities in those. In summary, 2025 was a bit of a turnaround year for Getech. We have continued the strong trading momentum at the end of 2025 into the H1 of this year, and we can see from the post-period wins that that is carrying on into the H2. Those contract wins have allowed us to increase order book and ARR. We continue to focus the business on ARR growth. We are continuing to maintain our cost-based discipline. Actually, we are highly leveraged to growth with any additional product and data sales really do hit straight down to the bottom line for us now with that relatively fixed cost base that we have. We are seeing exploration activity starting to increase.

Speaker #2: Markets and the best kind of revenue opportunities in those. So, in summary, you know, 2025 was a bit of a turnaround year for Getech.

Speaker #2: We've continued the strong trading momentum at the end of 2025 into the first half of this year. And we can see from the post-period wins that that's carrying on into the H2.

Speaker #2: Those contract wins have allowed us to increase order book and ARR. We continue to focus the business on ARR growth. And, you know, we're continuing to maintain our cost-based discipline.

Speaker #2: And actually, we're kind of highly leveraged to growth with, you know, any additional product and data sales really do hit straight down to the bottom line for us now with that relatively fixed cost base that we have.

Chris Jepps: Actually, we are highly leveraged to growth with any additional product and data sales really do hit straight down to the bottom line for us now with that relatively fixed cost base that we have. We are seeing exploration activity starting to increase. We are very optimistic that budgets will increase for next year, 2027, across the industry for exploration activity. That puts Getech in a really good place with some market tailwinds behind us for the first time in a long time. As such, as a board, we are very confident of meeting our market expectations for this year. We look forward to the rest of the year, and obviously, we will update as we get through the year and into 2027. With that, I would like to thank you for your attention and jump over to any questions.

Speaker #2: We are seeing exploration activity starting to increase. We're very optimistic that budgets will increase for next year, 2027, across the industry for exploration activity.

Chris Jepps: We are very optimistic that budgets will increase for next year, 2027, across the industry for exploration activity. That puts Getech in a really good place with some market tailwinds behind us for the first time in a long time. As such, as a board, we are very confident of meeting our market expectations for this year. We look forward to the rest of the year, and obviously, we will update as we get through the year and into 2027. With that, I would like to thank you for your attention and jump over to any questions.

Speaker #2: And, you know, that puts Getech in a really good place with some market tailwinds behind us for the first time in a long time.

Speaker #2: And, you know, as such, as a Board, we're very confident of meeting our market expectations for this year. So we look forward to the rest of the year.

Speaker #2: And, obviously, we'll update as we get through the year and into 2027. With that, I would like to thank you for your attention.

Speaker #2: And jump over to any questions.

Speaker #1: That's great, guys. Thank you for updating investors today. Can I please remind investors to submit your questions just by using the Q&A tab situated on the right-hand corner of your screen.

Operator: That's great, guys. Thank you for updating investors today. Could I please remind investors to submit your questions just by using the Q&A tab situated on the right-hand corner of your screen. For your reference, a recording of today's presentation will be available on the Investor Meet Company platform shortly after the meeting's ended. Guys, as you can see, we have received a number of questions during today's presentation. Chris, if I could just hand back to you now to read out the questions and give response where appropriate. Please do so, and I'll pick up from you at the end.

Operator: That's great, guys. Thank you for updating investors today. Could I please remind investors to submit your questions just by using the Q&A tab situated on the right-hand corner of your screen. For your reference, a recording of today's presentation will be available on the Investor Meet Company platform shortly after the meeting's ended. Guys, as you can see, we have received a number of questions during today's presentation. Chris, if I could just hand back to you now to read out the questions and give response where appropriate. Please do so, and I'll pick up from you at the end.

Speaker #1: And for your reference, the recording of today's presentation will be available on the Investor Meet Company platform shortly after the meeting has ended. As you can see, we have received a number of questions during today's presentation.

Speaker #1: Chris, if I could just hand back to you now to read out the questions and give responses where appropriate. I'll pick up from here at the end.

Speaker #2: Yes. Will do. Let's just see if I can group a few of these. Questions together. So there's one here. Is there more growth possible from the five super majors that you're dealing with?

Chris Jepps: Yes, will do. Let's just see if I can group a few of these questions together. So there's one here. Is there more growth possible from the five super majors that you're dealing with? Absolutely, yeah. As we've seen from the renewal we did with the state-backed Globe client where we uplifted contract value. Clearly, that's a tactic we can bring into play with all our other existing Globe clients, those super majors included. So yeah, that's very much, yes, we can do that, and it's a sales strategy as we approach renewal for those contracts that we're very much working on. Sorry, I'm trying to just move through the questions. Are you seeing customers increasingly commit to longer duration contracts, and has the average contract length changed meaningfully over the last 12 to 18 months? I think it depends on the product.

Chris Jepps: Yes, will do. Let's just see if I can group a few of these questions together. So there's one here. Is there more growth possible from the five super majors that you're dealing with? Absolutely, yeah. As we've seen from the renewal we did with the state-backed Globe client where we uplifted contract value. Clearly, that's a tactic we can bring into play with all our other existing Globe clients, those super majors included. So yeah, that's very much, yes, we can do that, and it's a sales strategy as we approach renewal for those contracts that we're very much working on. Sorry, I'm trying to just move through the questions. Are you seeing customers increasingly commit to longer duration contracts, and has the average contract length changed meaningfully over the last 12 to 18 months?

Speaker #2: Absolutely. Yeah. As we've seen from the renewal we did with the state-backed GLOBE client, where we uplifted contract value. Clearly, that's, you know, a tactic we can bring into play with all our other existing GLOBE clients.

Speaker #2: Those super majors included. So yeah, that's very much a yes, we can do that. And it's a sales strategy, as we approach renewal for those contracts that we're very much working on.

Speaker #2: Sorry, I'm just trying to move through the questions. Are you seeing customers increasingly commit to longer-duration contracts? And has the average contract length changed meaningfully over the last 12 to 18 months?

Speaker #2: I think it depends on the product. Most of our GLOBE contracts are three years, and that suits us. It suits some of our clients as well.

Chris Jepps: I think it depends on the product. Most of our Globe contracts are three years, and that suits us. It suits some of our clients as well. Some of them are in discussion about extending that up to five years, just to get a better view on costs and maybe to sort of for their financial planning. So I would say it's not really a trend, but it does happen. Has the average contract length changed meaningfully over the last 12 months? I would say no. It's probably about the same, would be my guess from what I've seen. Could Xcalibur Multiphysics Group buy Getech? I think probably the best thing to say here is we can't comment on what their intentions are.

Chris Jepps: Most of our Globe contracts are three years, and that suits us. It suits some of our clients as well. Some of them are in discussion about extending that up to five years, just to get a better view on costs and maybe to sort of for their financial planning. So I would say it's not really a trend, but it does happen. Has the average contract length changed meaningfully over the last 12 months? I would say no. It's probably about the same, would be my guess from what I've seen. Could Xcalibur Multiphysics Group buy Getech? I think probably the best thing to say here is we can't comment on what their intentions are. Clearly, they've taken a significant shareholding, and as a significant shareholder, we're keen to get their thoughts. We're at the start of that process, and we'll update as things go along.

Speaker #2: Some of them are in discussion about extending that up to five years, just to get a better view on costs and, you know, maybe to sort of for their financial planning.

Speaker #2: So I would say it's not really a trend, but it does happen. Has the average contract length changed meaningfully over the last 12 months?

Speaker #2: I would say no. It's probably about the same. Would be my guess from what I've seen. Could Excalibur buy Getech? I think probably the best thing to say here is, you know, we can't comment on what their intentions are.

Speaker #2: Clearly, they've taken a significant shareholding. And there's a significant shareholder we're keen to get their thoughts. You know, we're kind of at the start of that process.

Chris Jepps: Clearly, they've taken a significant shareholding, and as a significant shareholder, we're keen to get their thoughts. We're at the start of that process, and we'll update as things go along. There's another question on Xcalibur Multiphysics Group, which I think I just answered as much as I can. Can you talk us through the pipeline for new Globe clients? We have a good pipeline. I'm not going to give specifics on it. We don't put those numbers in the public domain. But that pipeline has opportunities with all the types of companies that I've discussed today. We continue to work through it. I think one thing we would say qualitatively about our pipeline is it's improving, both in terms of its size and also in terms of the size of individual deals within it, which gives us great encouragement.

Speaker #2: And we'll update as things go along. There's another question on Excalibur, which I think I just answered. As much as I can. Can you talk us through the pipeline for new GLOBE clients?

Chris Jepps: There's another question on Xcalibur Multiphysics Group, which I think I just answered as much as I can. Can you talk us through the pipeline for new Globe clients? We have a good pipeline. I'm not going to give specifics on it. We don't put those numbers in the public domain. But that pipeline has opportunities with all the types of companies that I've discussed today. We continue to work through it. I think one thing we would say qualitatively about our pipeline is it's improving, both in terms of its size and also in terms of the size of individual deals within it, which gives us great encouragement. Once a customer adopts Globe, how successful are you at selling other products into the same account? Again, I think it depends on the customer.

Speaker #2: We have a good pipeline. I'm not going to give specifics on it. We don't put those numbers in the public domain. But, you know, that pipeline has opportunities with all the types of companies that I've discussed today.

Speaker #2: And we continue to work through it. I think one thing we would say, sort of qualitatively, about our pipeline is that it's improving, both in terms of its overall size and also in terms of the size of individual deals within it.

Speaker #2: Which gives us great encouragement. Once a customer adopts GLOBE, how successful are you at selling other products into the same account? Again, I think it depends on the customer.

Chris Jepps: Once a customer adopts Globe, how successful are you at selling other products into the same account? Again, I think it depends on the customer. Once a customer is engaged with Globe and using it gives us a lot of touch points. Naturally, that flows through into recognizing new requirements from the customer and being able to respond to them or not, as the case may be. How successful are we? I would say moderately successful. I think our account management can always be improved. You never say never that you cannot get better, but it is certainly something we keep in mind. "You sound very confident of beating this year's expectations. Is that right?" I would say we are very confident of meeting this year's market guidance as we enter H2.

Speaker #2: You know, once a customer is engaged with GLOBE and using it, obviously, it gives us a lot of touch points. And obviously, naturally, that flows through into recognizing new requirements from the customer and being able to respond to them or not, as the case may be.

Chris Jepps: Once a customer is engaged with Globe and using it gives us a lot of touch points. Naturally, that flows through into recognizing new requirements from the customer and being able to respond to them or not, as the case may be. How successful are we? I would say moderately successful. I think our account management can always be improved. You never say never that you cannot get better, but it is certainly something we keep in mind. "You sound very confident of beating this year's expectations. Is that right?" I would say we are very confident of meeting this year's market guidance as we enter H2. As I think I said during the presentation, we do tend to be H2 weighted 60/40.

Speaker #2: So, how successful are we? I would say moderately successful. I think our account management could probably, you know, always be improved. You never say never that you can't get better.

Speaker #2: But it's certainly something we keep in mind. You sound very confident of beating this year's expectations. Is that right? I would say we're very confident of meeting this year's market guidance.

Speaker #2: As we enter H2, as I think I said during the presentation, we do tend to be H2 weighted—60/40. And Q4 is very important to us as a company.

Chris Jepps: As I think I said during the presentation, we do tend to be H2 weighted 60/40. Q4 is very important to us as companies often look to spend any surplus budget at the end of the year to get ahead for their next year. With some good industry tailwinds, and our busiest half and quarters ahead of us, we remain quietly confident, I would say. "How do you envisage growing the company out personnel wise?" We have a pretty fixed cost base. We have refocused the company so it is doing less things. It is less spread on perhaps things that were distracting before. So, we are quite happy that we can service the products we have, and our usual level of services work from our existing cost base.

Chris Jepps: Q4 is very important to us as companies often look to spend any surplus budget at the end of the year to get ahead for their next year. With some good industry tailwinds, and our busiest half and quarters ahead of us, we remain quietly confident, I would say. "How do you envisage growing the company out personnel wise?" We have a pretty fixed cost base. We have refocused the company so it is doing less things. It is less spread on perhaps things that were distracting before. So, we are quite happy that we can service the products we have, and our usual level of services work from our existing cost base. That does not mean that we do not get large pieces of work in that we might not need additional help, but often that help is short-term, and we have been doing that.

Speaker #2: Often look to spend any surplus budget at the end of the year to get ahead into for their next year. So yeah, with some good industry tailwinds, and our sort of busiest half and quarters ahead of us, we remain quietly confident, I'd say.

Speaker #2: How do you envisage growing the company out, personnel-wise? We have a pretty fixed cost base. We have refocused the company, so it's doing fewer things.

Speaker #2: It's less spread on, perhaps, things that were distracting before. So, you know, we're quite happy that we can service the products we have, and our usual level of services works from our existing cost base.

Speaker #2: That doesn't mean that we don't get large pieces of work in that we might not need additional help. But often that help is short term.

Chris Jepps: That does not mean that we do not get large pieces of work in that we might not need additional help, but often that help is short-term, and we have been doing that. We have been bringing in short-term resources without adding permanently to the cost base. So we are not looking to double the size of the staff pool or anything drastic like that. But we will obviously respond to how busy we get and make sure we are doing it within the scale of the revenues, and the commercial opportunity. "Can you give a concrete example of how you are using AI to improve efficiency?" I am not going to say too much about what we do with AI from a commercial point of view, but we have given our entire team access to AI tools.

Speaker #2: And we have been doing that. We've been bringing in short term resources without adding permanently to the cost base. So we don't you know, we're not looking to double the size of the staff pool or anything drastic like that.

Chris Jepps: We have been bringing in short-term resources without adding permanently to the cost base. So we are not looking to double the size of the staff pool or anything drastic like that. But we will obviously respond to how busy we get and make sure we are doing it within the scale of the revenues, and the commercial opportunity. "Can you give a concrete example of how you are using AI to improve efficiency?" I am not going to say too much about what we do with AI from a commercial point of view, but we have given our entire team access to AI tools. We are looking at providing training for those who want it or have not already had it. So just getting everyone skilled up, using AI, being more efficient, that is all part of what we are doing and what you would expect us to do in-house.

Speaker #2: But we'll obviously respond to how busy we get. And make sure we're doing it within the scale of the revenues and the commercial opportunity.

Speaker #2: Can you give a concrete example of how you're using AI to improve efficiency? I'm not going to say too much. About what we do with AI, sort of from a commercial point of view.

Speaker #2: But we have given our entire team access to AI tools. We are looking at providing training for those who want it or haven't already had it.

Chris Jepps: We are looking at providing training for those who want it or have not already had it. So just getting everyone skilled up, using AI, being more efficient, that is all part of what we are doing and what you would expect us to do in-house. In terms of the et cetera bit of that question, we are also looking at a lot of novel AI approaches to add into our products like Globe. Also looking at ways that we can extract more value out of a lot of the large amounts of data we have, both structured and unstructured in-house through our products. "Thanks for the presentation." My pleasure. Thanks for joining us.

Speaker #2: You know, so just getting everyone skilled up, using AI, being more efficient. That's all part of what we're doing and what you'd expect us to do in-house.

Speaker #2: In terms of the et cetera bit of that question, we're also looking at a lot of novel kind of AI approaches to add into our products, like GLOBE.

Chris Jepps: In terms of the et cetera bit of that question, we are also looking at a lot of novel AI approaches to add into our products like Globe. Also looking at ways that we can extract more value out of a lot of the large amounts of data we have, both structured and unstructured in-house through our products. "Thanks for the presentation." My pleasure. Thanks for joining us. There are a couple of questions on HyMaroc, which I have to say I do not have the latest status to hand, but if you would like to follow up with us, we can do that after the session. One last question has just dropped in. "Is your data of interest to AI companies?" I think AI companies tend to be data hungry, so any novel data they can get their hands on, I think is always of interest.

Speaker #2: And also looking at ways that we can extract more value out of a lot of the, you know, the large amounts of data we have of structured and unstructured in-house through our products.

Speaker #2: Thanks to the presentation. My pleasure. Thanks for joining us. And there are a couple of questions on high Maroc, which I have to say I don't have the latest status to hand.

Chris Jepps: There are a couple of questions on HyMaroc, which I have to say I do not have the latest status to hand, but if you would like to follow up with us, we can do that after the session. One last question has just dropped in. "Is your data of interest to AI companies?" I think AI companies tend to be data hungry, so any novel data they can get their hands on, I think is always of interest. We have had discussions over the years, probably over the last 5 years, maybe more with some AI companies, about whether they can get access to data.

Speaker #2: But if you'd like to follow up with us, we can do that after the session. One last question is just dropped in. Is your data of interest to AI companies?

Speaker #2: I think AI companies tend to be data-hungry. So any novel data they can get their hands on, I think, is always of interest.

Speaker #2: And we have had discussions over the years probably over the last five years, maybe more, with some AI companies. About whether they can get access to data.

Chris Jepps: We have had discussions over the years, probably over the last 5 years, maybe more with some AI companies, about whether they can get access to data. I think probably less so the case in the last couple of years, but certainly in those days when you told an AI company that you were not able to give them the data for free, they got offended and then backed off, which is kind of amusing. I think a lot of those companies are used to just scraping the internet. We have seen lots of news stories about that. So yeah, I am sure our data is of interest to AI companies, whether they are prepared to pay for it or whether we give it to them, obviously is another question, or sell it to them, obviously. Hopefully that answers that one.

Speaker #2: I think that's probably less so the case in the last couple of years, but certainly in those days, when you told an AI company that you weren't able to give them the data for free, they got offended.

Chris Jepps: I think probably less so the case in the last couple of years, but certainly in those days when you told an AI company that you were not able to give them the data for free, they got offended and then backed off, which is kind of amusing. I think a lot of those companies are used to just scraping the internet. We have seen lots of news stories about that. So yeah, I am sure our data is of interest to AI companies, whether they are prepared to pay for it or whether we give it to them, obviously is another question, or sell it to them, obviously. Hopefully that answers that one. Unless there is any other questions, I think that might be all of them.

Speaker #2: And then backed off, which is kind of amusing. But I think a lot of those companies are used to just scraping the internet. You know, we've seen lots of news stories about that.

Speaker #2: So yeah, I'm sure our data is of interest to AI companies. Whether they're prepared to pay for it or whether we give it to them, obviously, is another question.

Speaker #2: Or sell it to them, obviously. So hopefully that answers that one. And unless there are any other questions, I think that might be all of them.

Chris Jepps: Unless there is any other questions, I think that might be all of them.

Speaker #1: Perfect. Thank you, Sir Franz, for those questions from investors today. Before we ask investors to share their feedback—which I know is particularly important to the company—Chris, could I please just ask you for some closing comments?

Operator: Perfect. Thank you, sir, for answering those questions from investors today. Before we ask investors to share their feedback, which I know is particularly important to the company, Chris, could I please just ask you for some closing comments?

Operator: Perfect. Thank you, sir, for answering those questions from investors today. Before we ask investors to share their feedback, which I know is particularly important to the company, Chris, could I please just ask you for some closing comments?

Speaker #2: Sure. Well, first of all, thanks everyone for joining us. Hopefully we've been able to show today that Getech has really turned a corner. All the financial metrics are moving in the right direction.

Chris Jepps: Well, first of all, thanks everyone for joining us. Hopefully, we have been able to show today that Getech has really turned a corner. All the financial metrics are moving in the right direction. We are starting to win sort of chunkier contracts. We have got an expanding pipeline, a revitalized sales team, and some sector tailwinds behind us as well. As we get into our busiest period of the year, we are sort of quietly confident that we can continue our momentum, and into next year as well with hopefully expanded exploration budgets from our key customers and people who are most suited to using our offerings. So, yeah, I think it is a very good time to be in Getech's position at the moment.

Chris Jepps: Well, first of all, thanks everyone for joining us. Hopefully, we have been able to show today that Getech has really turned a corner. All the financial metrics are moving in the right direction. We are starting to win sort of chunkier contracts. We have got an expanding pipeline, a revitalized sales team, and some sector tailwinds behind us as well. As we get into our busiest period of the year, we are sort of quietly confident that we can continue our momentum, and into next year as well with hopefully expanded exploration budgets from our key customers and people who are most suited to using our offerings. So, yeah, I think it is a very good time to be in Getech's position at the moment.

Speaker #2: We're starting to win sort of chunkier contracts. We've got an expanding pipeline and revitalized sales team. And some sector tailwinds behind us as well.

Speaker #2: And as we get into our busiest period of the year, we're sort of quietly confident that we can continue our momentum. And into next year as well, with hopefully expanded exploration budgets from our key customers.

Speaker #2: And people who are most suited to using our offerings. So yeah, I think it's a very good time to be in Getech's position at the moment.

Speaker #1: That's great. Thank you, Sir. Could I please ask investors not to close this session, as you will now be automatically redirected to provide your feedback.

Operator: That's great. Thank you, sir. Could I please ask investors not to close this session as you will now be automatically redirected to provide your feedback. On behalf of the management team of Getech Group PLC, we would like to thank you for attending today's presentation, and good afternoon.

Operator: That's great. Thank you, sir. Could I please ask investors not to close this session as you will now be automatically redirected to provide your feedback. On behalf of the management team of Getech Group PLC, we would like to thank you for attending today's presentation, and good afternoon.

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Half Year 2026 Getech Group PLC Earnings Call

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Getech Group

Earnings

Half Year 2026 Getech Group PLC Earnings Call

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Wednesday, September 23rd, 2026 at 2:00 PM

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