reports
- Colin Smith
Sulnox | 3Q/9M26 update – revenue +161% YoY
Sulnox reported revenue for the nine months to December of £1,694k, up 161% YoY, continuing the blistering rate of sales growth the company is now delivering. Trading has remained strong into 4QFY26 with £335k of sales already secured together with a robust committed pipeline for delivery during the quarter. The cash position benefited from £0.4m raised through warrant exercise in December with cash and net cash of £1.1m at the end of 3QFY26. We make no changes to our forecasts which could prove...
- Colin Smith
Sulnox | 1H26 results - revenue +173% YoY
Sulnox has reported interim results to September including a 173% YoY increase in revenue to £1.2m, exceeding total revenue for FY25 and confirming the very rapid growth trajectory the company is now delivering. The company has just announced further funding of £0.4m from the exercise of warrants in addition to the £1.0m raise announced in June, further improving confidence that it is now funded through to profitability which we forecast from FY28 with the potential for very rapid escalation the...
- Colin Smith
Sulnox | Initiation – Rapidly gaining traction
Sulnox markets patent protected zero capex, drop-in fuel conditioners which cut emissions and generate high customer returns through reduced fuel consumption from improved combustion. Sales are now accelerating into a vast potential total market – FY25 revenues doubled YoY. Moreover, Sulnox has signed key partnerships this year most notably with Eastern Pacific Shipping and it has just announced a global distribution agreement with Drew Marine. We forecast the company to achieve cash flow neutr...
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