Getech Group PLC, based in Leeds, England, reported a revenue increase of 18% to £4.7 million in 2024, driven by activities related to the energy transition, which includes work on natural and white hydrogen, battery materials, and geothermal energy sources. The company also saw a 3.6% rise in annual recurring revenue to £2.9 million and narrowed its EBITDA loss to £500,000 by focusing on cost reduction, resulting in around £2 million of annualized cost savings. Getech is establishing itself in the natural hydrogen market and aims to transition from a service provider to an explorer to potentially achieve greater commercial returns. Despite a slower-than-expected cost reduction plan impacting the EBITDA margin, the company is optimistic about its trading outlook for 2025, with a focus on further cost reductions and aligning the business with its revenue base. Getech shares experienced a 12% decline in London trading but the company remains confident about its future prospects.