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Betolar Plc, a Finnish company specializing in circular economy solutions, has released its half-year financial report for the period ending June 30, 2025. The report highlights significant progress in the commercialization of the company's metal extraction technology and its impact on the company's financial performance.

Key Financial Highlights

- Net Sales: Net sales for the period increased by 51% compared to the same period in 2024, reaching EUR 417 thousand. This growth is attributed to the successful commercialization of the company's metal extraction technology.
- EBITDA: EBITDA for the period amounted to EUR -2,123 thousand, a significant improvement compared to EUR -3,649 thousand in the same period in 2024. This improvement is primarily due to the reduction in operating expenses.
- Cash and Cash Equivalents: Cash and cash equivalents at the end of the period stood at EUR 8,724 thousand, a decrease from EUR 9,982 thousand at the end of the same period in 2024. This decrease is primarily due to increased investments in the commercialization of the company's technology.
- Order Intake: Order intake for the period amounted to EUR 520 thousand, a 35% increase compared to EUR 495 thousand in the same period in 2024. This increase is primarily due to new orders from mining customers, including Anglo American and Canadian Royalties Inc.

Significant Events

- Commercialization of Metal Extraction Technology: Betolar successfully commercialized its metal extraction technology, securing its first order from Anglo American. This technology enables the efficient recovery of metals from waste materials and the production of green cement.
- New Market Expansion: Betolar expanded its operations into the Canadian and Australian markets, securing its first orders for mining solutions in these regions.
- Strategic Appointments: Jyri Talja was appointed as the new Chief Growth Officer, joining the Management Team as of April 23, 2025.

Financial Targets

Betolar's Board of Directors has approved the company's financial targets, which include achieving positive cash flow from operating activities by the end of 2026 and achieving one billion euros in revenue and a 30 percent EBITDA margin by the end of 2033. These targets remain unchanged from the previous period.

Conclusion

Betolar Plc's half-year financial report demonstrates significant progress in the commercialization of its innovative metal extraction technology. The company's strong start to 2025 is a testament to its commitment to the circular economy and its potential to capture a significant market share in the low-carbon solutions sector. Investors and financial professionals should closely monitor Betolar's progress towards its long-term financial targets.

References

[1] Betolar Plc Half-Year Financial Report 2025. Retrieved from https://www.betolar.com/investors.