THIS ANNOUNCEMENTCONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKETABUSE REGULATION NO 596/2014 ("MAR") WHICH IS PART OF ENGLISH LAW BYVIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OFTHIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION ISCONSIDERED TO BE IN THE PUBLIC DOMAIN
30 August 2025
Zenova Group PLC
(“Zenova”, the “Company” or the “Group”)
Unaudited Interim results for the six months ended 31May 2024
Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat management technology and products, today announces its unaudited interim results for the six months ended 31 May 2025(the “Period”).
Financial highlights for the Period
· Sales for the six months to 31 May2025 increased 60% to £85k over same period in 2024 (£53k).
· Gross margin for the six months to 31May 2025 of 43% (2024: 42%).
· Operating loss for the six months to31 May 2025 reduced to £403k, a 35% improvement on the 6 months to 31 May 2024 (loss of £617k)
· Loss after taxation reduced to £302k,a 37% improvement on the six months to 31 May 2024 (loss of £478k).
· Loss per share for the Period of -£0.15(2023 -£0.40).
Sales& key contract highlights for the Period
· Expansion into the Spanish market with new distribution channel and orders across multiple product suits.
· The All-England Tennis & Croquet Club Wimbledon supplied order of Zenova FX extinguishers.
· Robert Price Ltd, the largest building merchant in South Wales, placed a substantial restock order for Zenova paints and coatings.
· Zenova is securing international sales, including deliveries of 6L FX extinguishers to the Czech Republic Customs Authorities through the newly appointed distribution partner Proteng.
· Zenova is significantly ahead of its self-imposed internal target of selling 1,000 6L FX extinguishers per month, a milestone it has already achieved in the first month, with multiple customers placing recurring orders.
CEO’s Statement
Dear Shareholders,
The first half of 2025 has been a period of real progress forZenova. We have moved beyond product development into commercial execution,with our solutions now deployed in multiple markets and winning recognitionfrom blue-chip customers and international distributors alike. Importantly, theinfrastructure we have built in sales, distribution and manufacturing meansthat we are now positioned to scale up rapidly.
Laying the foundations for growth
Zenova has launched a full suite of innovative, certified productsthat set new standards in fire safety and heat management products. Thesesolutions address pressing global challenges, from wildfire prevention toenergy efficiency and safer buildings. Our product portfolio, which spansfire-retardant paints and renders to next-generation fire extinguishers andwildfire barriers, has already secured orders across the UK, Europe, andbeyond.
During the period, we achieved strong commercial traction: restock orders with established distributors such as Robert Price Ltd, expansion into Spain through a new national distributor, prestigious adoption at Wimbledon,and recurring demand for our FX extinguishers, where we exceeded internal sales targets immediately. With distribution agreements now covering Europe, North America, Latin America and India, Zenova’s global footprint is expanding quickly, and we expect these channels to deliver increasing volumes in themonths ahead.
Scaling capacity to meet demand
Our supply chain has been significantly strengthened withoutsourced manufacturing capacity in the UK, Europe and North America. Thecommissioning of our new Albanian joint venture facility ahead of schedulemarks a milestone for Zenova, providing additional capacity to serve bothregional and international demand. With an expected contribution of over €2million in its first full year, this facility is just one example of how we arepreparing for scale.
Financialtrajectory improving
The benefits of this sales traction are just beginning to be felt.Revenues grew by 60% year on year, gross margin increased, and operating lossesnarrowed by more than a third thanks to disciplined cost control. Order levelsand forward visibility are now running at 400% to 500% above the comparableperiod last year, reflecting the accelerating commercial traction of ourproduct portfolio. With additional funding secured in February and August,supported by both institutional investors and management, we now have the adequateresources to fully exploit these emerging opportunities and accelerate growth.
Tradingupdate
Since the half-year end, Zenova has already executed sales ofapproximately £50,000, with a further £130,000 of confirmed orders currently beingfulfilled in-house. In addition, the Company has visibility on an additional£120,000 of orders expected to be executed by the financial year end inNovember.
Crucially, this demand is being driven by Zenova’s PFAS-compliantfire extinguishers, which meet the latest regulatory and environmentalrequirements and position the Company ahead of the industry's transition awayfrom legacy products.
Combined, these executed and expected orders represent astep-change in trading, equating to 400%–500% growth compared with the sameperiod last year.
This progress is further supported by the recent working capitalfundraise, which strengthens Zenova’s ability to meet growing demand and toaggressively pursue further promising customer interest and deliver against itsorder book. Together, these developments provide a solid platform for continuedrevenue growth and underpins management’s confidence in delivering astronger second half.
Thomas Melchior
Chief Executive Officer
Zenova Group PLC
30 August 2025
Link to full RNS on interim results for the six months ended 31 May 2025
