MYCELX Technologies Provides Trading Update, Expects Strong H2 2025 Performance
Why we think this is good
The trading update from MYCELX Technologies indicates solid operational progress and strong revenue visibility for the second half of 2025, despite some temporary delays in the first half. The company remains on track to meet its full-year financial guidance, supported by increasing adoption of its solutions and an expanding pipeline of opportunities. While the first-half revenue was impacted by project timing shifts, the second half is expected to see a significant increase in project revenue, recurring media sales, and other sales. The company's cash position and plans for financing capital equipment manufacturing also suggest a positive outlook.
Key Points
- H1 2025 revenue of ca. $1.7m due to project timing shifts, with $5.5m of revenue recognition pushed to H2
- H2 2025 expected to include ca. $7.0m of project revenue from Nigeria REGEN and Middle East EOR projects
- Company remains on track to meet FY 2025 revenue guidance of $12.5m to $15.5m, with 90% of lower end already contracted or expected recurring media sales
- Cash and cash equivalents of $693,000 as of 30 June 2025, with a further $600,000 received shortly after
- Company exploring financing options to fund capital equipment manufacturing for Permian Basin opportunities
Summary
MYCELX Technologies Corporation (AIM: MYX), the clean water and clean air technology company, provided a trading update for the first half of 2025. While H1 revenue was impacted by project timing shifts, the company remains on track to meet its current financial guidance for FY 2025 of revenue between $12.5 million and $15.5 million. The second half of the year is expected to include ca. $7.0 million of project revenue from Nigeria REGEN and Middle East EOR projects, plus an increased rate of recurring media sales, PFAS project revenue, and another small equipment sale. The company has a healthy cash position and is considering financing options to fund the manufacture of capital equipment for specific opportunities in the Permian Basin.