RE: Price6 Mar 2026 15:28
📈 Key Takeaways from the Trading Update
1️⃣ Strong growth in the core M2G business
Sabien’s main product line — M2G intelligent boiler optimisation — showed strong year-on-year growth.
Metric Jul–Nov 2025 Jul–Nov 2024 Change
New orders £465,219 £268,522 +73%
Recognised sales £388,831 £223,167 +74%
External sales £318,787 £179,782 +77%
👉 This indicates:
Growing demand for energy-efficiency tech
More adoption across large estates and universities
Better operational throughput
2️⃣ Healthy order book
Going into the second half of FY2026:
£220,683 confirmed orders not yet invoiced
£37,811 recurring cloud renewals
These will likely convert into revenue across:
late Q2 2026
early Q3 2026
3️⃣ New contracts after November
Since 1 December 2025:
£50,568 additional orders
Clients include:
a major aerospace manufacturer
a regional prison service
This suggests diversified demand across energy-intensive sectors.
4️⃣ Strategic partnership with COF (Korea)
Sabien highlighted its relationship with City Oil Field, Inc. in South Korea.
Chairman Richard Parris attended the opening of a plastic-to-oil recycling facility in Jeongeup.
Key implication:
Sabien is positioning itself inside COF’s international clean-technology ecosystem.
This could mean future technology integration or distribution opportunities.
🧠 Strategic Interpretation
Positive signals
Strong growth in core revenue line
Recurring SaaS-style cloud revenue
Diversifying customer base
Exposure to Asian clean-tech expansion
Things investors may watch
Absolute revenues are still small (£388k recognised sales)
The COF partnership is strategic but not yet revenue-quantified
Market may want scaling evidence in upcoming results.
📅 Next catalyst
The next major update will be:
Interim results for the six months to 31 December 2025
Those results should show whether this growth momentum continued into winter installations, which is usually strong for heating optimisation tech.
✅ Bottom line:
The update is clearly positive operationally. Sabien’s M2G business is growing strongly, and management is signalling that the COF relationship could open larger strategic opportunities beyond the current boiler optimisation product.