Tan Delta Share Price (TAND)

We cannot be long off the outcome of the phase 2 trails as well as others in progress.

Seems like it has been a long while since any sort of positive news.

Hopefully some momentum starts to build as regards signing of contracts cash is king.

It isn’t a year of runway. The interim accounts are dated 31st December. The runway is only 7 months.

.wealthoracle.co.uk/company-results

Tan Delta delivered a flat revenue performance of £1.22m for the twelve months to December 2025, with the adjusted loss before tax widening 36% to £1.55m (2024: £1.14m) as the AIM-listed oil condition monitoring specialist absorbed higher overheads to support an expanding base of customer evaluations. Gross margin slipped modestly to 60% from 62%, while cash reserves fell to £1.49m from £3.08m, leaving roughly a year of runway at current burn though the balance sheet remains debt-free. The commercial story is more encouraging: the visible pipeline of paid evaluations more than doubled to over £75m, anchored by a Shell Marine strategic agreement and a second-phase rollout with the world's largest online retailer. Management expects conversion decisions to crystallise in late 2026.

.wealthoracle.co.uk/company-results

What a pleasant surprise this RNS is. Represents 33% of last year’s total revenue in one contract, and we’re yet to hear the results of the “Amazon Trial”, which I am hoping are imminent.

‘25ye results should be published next week if last year’s timing is repeated. Let’s hope we get a solid update on Amazon and other trials.

Today’s sp increase is really underwhelming - but then this is AIM - so perhaps best viewed as a buying opportunity, if you have any further funds.

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