Highlights

  • Sulnox reported H1 2025 revenue of GBP 1.2 million, a 173% increase year-on-year.
  • Approximately 75 shipping companies, covering 6,000 vessels, are now using Sulnox products.
  • The company raised GBP 1.0 million through new share issuance from existing and new investors.

Sulnox Group Plc (AQSE:SNOX) announced financial results for the six months ending 30 September 2025. Revenue increased 173% compared to the same period in 2024, reaching GBP 1.2 million, while volume rose 262%. The growth reflects repeat demand, broader use among existing marine clients, and the onboarding of new customers.

Customer Expansion
Around 75 shipping companies, representing fleets of roughly 6,000 vessels, are now engaged with Sulnox. Fleet-wide adoption has been noted at Spring Marine with 28 vessels, while land-based applications, including Colas Rail UK, have also started converting to Sulnox products. This demonstrates the product’s use across diverse operating environments.

Global Opportunities and Partnerships
Sulnox continues to expand its commercial reach through new distribution partners and a long-term global partnership with Drew Marine, offering access to over 2,500 ports and a substantial new customer base. The company operates in a market estimated at GBP 40bn, with Sulnox Eco applicable to more than 70% of global oil usage.

R&D and Strategic Developments
The launch of Sulnox Innovations, a dedicated R&D division, focuses on next-generation solutions for combustion, biofuel performance, and fuel reclamation. The Global Advisory Board has been created to provide expertise across industries and support strategic expansion. Sulnox’s intellectual property portfolio now covers more than 100 markets, reflecting the depth of its technology.

Investor Support and Capital Raising
During the reporting period, the company raised GBP 1.0 million via the issuance of new ordinary shares. Investors included a shipowner already using Sulnox Eco on several vessels, alongside existing significant shareholders. This funding complements disciplined cost management and a growing base of repeat revenue.

Industry Recognition and Profile
Sulnox’s profile has increased with invitations to present at leading industry forums, including ADIPEC, where it was selected from over 6,000 applicants. The company has also appeared in multiple award shortlists, including AQSE Company of the Year. Momentum continued into the second half of 2025, supported by a growing pipeline and expanding customer base.