Sulnox Group Achieves Record Revenue in Q2

Sulnox Group PLC has announced impressive financial results for the second quarter of 2025, reporting a record revenue of £679.3k. This marks a significant 30% increase from the previous quarter and a remarkable 186% rise compared to the same period last year. The company’s year-to-date revenue has reached £1,201.9k, reflecting a 173% growth from £440.4k in 2024. Additionally, Sulnox has made strides in securing patents and expanding its distribution network, positioning itself for continued growth in the greentech sector.

Financial Highlights and Growth Metrics

In its latest trading update, Sulnox reported a substantial increase in product sales, with a 39% rise in volume compared to Q1 and an astonishing 327% increase compared to Q2 of the previous year. The year-to-date volume of products sold has surged by 262% compared to the same period last year. Despite a decrease in cash balance to £1,362.8k as of September 30, 2025, down from £1,795.1k in Q1, the company remains optimistic about its financial trajectory. The ongoing demand from marine clients, with approximately 75 shipping companies engaged, is expected to drive further sales growth into Q3.

Key metrics for Q2 include:

• • Record revenue of £679.3k, a 30% increase from Q1 and a 186% increase from Q2 2024.

• • Year-to-date revenue of £1,201.9k, up 173% from £440.4k in the previous year.

• • Volume of products sold increased by 39% from Q1 and 327% from the same quarter last year.

• • Year-to-date volume sold up 262% compared to the previous year.

Strategic Developments and Industry Engagement

Sulnox has secured several key patents, including one for Eurasia in the fuel oil reclamation market, following an earlier patent granted in Nigeria. This expansion into new jurisdictions, including Jordan and Mexico, enhances the company’s competitive edge. Furthermore, Sulnox has signed a distribution agreement with C-Quip Ltd, a prominent UK distributor of marine equipment. This partnership aims to market Sulnox Eco within the leisure marine sector, which generated £4.41 billion in revenue in 2022-23.

The company has also been actively participating in industry events, showcasing its commitment to sustainability and innovation. Sulnox executives have engaged in discussions at notable events such as London Shipping Week and the Thames Valley Chamber of Commerce’s Japan Trade Mission. The company has been recognized as a finalist in two major industry awards for 2025, highlighting its contributions to marine propulsion sustainability.

At the recent Annual General Meeting, shareholders expressed strong support for the company, with all proposed resolutions passing successfully. CEO Ben Richardson emphasized the importance of expanding the distributor network and expressed optimism about the company’s revenue pipeline, which includes anticipated orders from both existing and new customers.