Forgent plc AIM:FORG
- Incorporated
- Ireland
- Chief executive
- James Parsons
- Employees
- 17
- Reports in
- EUR
Read straight from the annual reports
0.0c at close on 5 Oct 2026 · 12 reported years, 2015–2025
| Line | FY201506/15 | FY201606/16 | FY201706/17 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Gross profit | |||||||||||||
| Operating profit | |||||||||||||
| Exceptional items | — | — | — | — | — | — | — | — | — | — | |||
| Net finance cost | |||||||||||||
| Profit before tax | |||||||||||||
| Tax charge | |||||||||||||
| Profit for the year | |||||||||||||
| EBITDA | |||||||||||||
| Basic EPS | |||||||||||||
| Diluted EPS |
EUR millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Gasification technology sales and associated engineering and design services (single 'Technology Sales' segment)
All €1,008,389 of revenue is from technology sales recognised at a point in time. Revenue fell 54% from €2,201,547 because customers' project financing was delayed, which pushed back finalisation and invoicing of sales contracts.
page 41Geographic mix of gasification sales: EU and United States
EU revenue €520,082 (2024: €1,643,315) and USA revenue €489,307 (2024: €558,232). Ireland and UK revenue was nil. The CEO names the Greek plants and North Fork, California as the customer plants being stabilised and commissioned.
page 41Gross margin: gross profit €716,051 on revenue €1,008,389 (71.0%), against 52.6% in 2024, because cost of sales fell 72% to €292,338 while revenue fell 54%
Consolidated statement of profit or loss: cost of sales €(292,338) (2024: €(1,044,429)).
page 16Administrative expenses down 16% to €3,796,005 (2024: €4,518,522), with the corporate cost base cut by about 53% on an annualised basis
Consolidated statement of profit or loss; CEO report on cost reduction. Redundancy costs of €200,000 were charged in 2025 (Note 13).
page 16€2.0m charge: Impairment of equity-accounted investments (associates and JVs, including EQTEC Italia MDC srl)
page 16Focus for the year ahead is execution: advancing the mining portfolio including near-term drilling, maintaining strict cost control, strengthening the balance sheet and supporting delivery across the gasification platform. 'The reset is substantially complete, but credibility will now be earned through delivery.'
page 6Debt restructuring (heads of terms 29 Jan 2026, EGM 12 Feb 2026, further EGM 14 May 2026): of ~£5.79m existing debt, £1.93m converted into 5,527,056,326 shares (3,290,030,612 issued 18 May 2026); £1.93m repaid from new convertible loans at EQTEC Iberia S.L.U. (zero coupon, five-year); £1.93m repaid from a new secured five-year zero-coupon loan to the Company; all lender warrants cancelled.
page 66No dividend proposed for the year ended 31 Dec 2025 (2024: nil). The Board believes capital should be retained for reinvestment in the business to support revenue growth and profitability.
page 13Accounts prepared on a going-concern basis, but with a material uncertainty. Loss €14,203,370; net current liabilities €4,566,497; net liabilities €7,032,275; accumulated deficit €134,153,224. Directors rely on equity financing, debt restructuring and creditor settlements, all after the year end. Auditor PKF Brenson Lawlor gave an unmodified opinion with a separate 'Material uncertainty related to going concern' section. Key audit matters: goodwill valuation (EQTEC Iberia SLU) and impairment of equity-accounted investments and financial assets. The auditor's report says the group's ability to continue depends on securing additional external funding.
page 68- Funding and liquidity (principal risk): reliance on external funding, which if unavailable on acceptable terms may cause dilution or inability to execute strategyp.8
- Going concern: material uncertainty; net liabilities €7.0m; lender standstills; payment obligations due in 2026p.27
- Dilution: very large share issuance after the year end under debt restructuring, placings, creditor settlements and mining acquisitions (for example 6,938,057,857 shares on 16 Feb 2026 and 16,911,444,879 on 18 May 2026, against 928,681,342 at year end)p.44
- Exploration and development risk: mining assets at early stages where outcomes are inherently uncertain; no reservesp.8
Read from C000494-AR-2025-website.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (10)
FY2026Next report expected 22 Jun 2027