Getech Group Reports Growth and Diversification

Getech Group plc (GB:GTC) has released an update.

Getech Group plc reports a 16% increase in H1 2024 revenues, reaching £2.2 million, driven by its strategic refocus on data-led subsurface exploration and a shift toward a recurring revenue model. The company has also successfully diversified its client base towards energy transition markets, growing its sales pipeline to £9.6 million and reducing its cost base by 28%. Following a recent fundraiser that netted £1.7 million, Getech is aiming to monetize a robust pipeline of opportunities, particularly in natural hydrogen, signaling a positive outlook for future growth.

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