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An announcement from Getech Group plc ( (GB:GTC) ) is now available.
In 2024, Getech reported a 17% revenue increase driven by a growing portfolio supporting sub-surface exploration for energy transition materials. Despite a slight reduction in the orderbook and cost reduction challenges impacting EBITDA, the company strengthened its financial position through a successful capital raise. Getech continues to diversify from core oil and gas sectors into areas like natural hydrogen and geothermal energy, enhancing its market position by applying advanced analytics to find new energy assets. Looking ahead to 2025, Getech is confident in improved trading conditions, focusing on expanding its sales team and reducing costs to align with its revenue base.
More about Getech Group plc
Getech Group plc is a leading locator of energy and mineral resources essential for the world’s energy transition. Utilizing comprehensive geological data, geoscience expertise, and AI-driven analytics, Getech aids in resource discovery and development for a diverse client base, including governments and energy companies, striving for sustainability and net-zero goals.
YTD Price Performance: -6.98%
Average Trading Volume: 359,790
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.05M
Find detailed analytics on GTC stock on TipRanks’ Stock Analysis page.
