Sabien Technology reports sharp increase in orders, sales

(Sharecast News) - Sabien Technology Group reported a sharp increase in orders and sales for its M2G intelligent boiler optimisation system on Tuesday, delivering its strongest commercial performance to date as the company prepared for its annual general meeting. For the period from 1 July to 30 November, new M2G orders rose 73% year-on-year to £0.47m, while recognised sales grew 74% to £0.39m.

External M2G sales, excluding stock held at subsidiary Parris Group, climbed 77% to £0.32m.

The AIM-traded company attributed the gains to growing adoption of its emissions-reduction technology across large property estates, improved engagement with channel partners and increased standardisation of M2G installations.

Sabien said it entered the second half of its financial year with £0.22m of confirmed orders scheduled for fulfilment in late second quarter and early third quarter of 2026, alongside £37,811 of cloud service renewals.

Since 1 December, it had secured an additional £50,568 of new orders, including contracts with a major aerospace manufacturer and a regional prison service.

"Our tactical focus on expanding the M2G business is delivering tangible results," said chairman Richard Parris.

"The 73% increase in new orders and 74% growth in recognised sales underline both the continuing relevance of M2G and the disciplined execution of our operational plan."

He added that M2G's rapid deployment and real-time cloud dashboard "continue to prove its worth as a fast-to-deploy, cost-effective emissions-reduction measure."

Parris also highlighted the strategic importance of Sabien's partnership with South Korea's City Oil Field.

He attended last month's opening of the COF Wave waste-plastic-to-oil facility in Jeongeup, where Sabien was positioned as a key contributor to COF's international expansion.

"My recent engagement in Korea showed clearly that Sabien is integral to COF's growing global ambitions," Parris said, noting that the collaboration "positions Sabien within a powerful, expanding ecosystem of next-generation clean technologies."

Sabien said its strengthened order pipeline, deepening sector penetration and strategic alignment with COF gave it confidence in sustained revenue growth and wider commercial opportunities.

The firm said it expected to provide a further update with its interim results for the six months to 31 December.

At 0959 GMT, shares in Sabien Technology Group were up 7.59% at 7.8p.

Reporting by Josh White for Sharecast.com.