LONDON, July 3, 2026, 11:04 (BST)
- Symphony Environmental was up 9.09% at 9.00p at 10:45 BST, with only 187 shares traded—about £17 worth at that level, according to .
- The bid-offer was at 7.50p to 9.00p, which works out to around 18% of the mid.
- 2025 revenue dropped 13% in the latest results and the operating loss increased, but gross margin improved to 51%. The company said it turned a profit in early 2026.
Symphony Environmental Technologies plc (LON:SYM) traded higher Friday, though volume stayed thin. AIM’s main session was busy in London, running from 0800 to 1630 BST. Symphony was last priced at 9.00p as of 10:45 BST, up 0.75p, or 9.09%.
Only 187 shares traded. With shares at 9p, that’s £16.83 in turnover. The move looks more like a liquidity trade than a real turnround play.
Numbers from Investors Chronicle, AJ Bell and Fidelity pointed to a difference between the listed price and actual trade depth. The calculations rely on the quoted figures.
| Market measure | Latest data | Investor read-through |
|---|---|---|
| Symphony share price | 9.00p, up 9.09% | Outperformed FTSE All-Share, which fell 0.27% |
| Reported volume | 187 shares | Stock traded worth about £17 at 9p |
| Average volume | 163,380 shares | Friday saw just 0.11% of typical volume |
| Bid-offer quote | 7.50p / 9.00p | Spread comes to 1.50p, or 18.2% of the mid |
| 52-week range | 5.50p-14.00p | Shares now 63.6% above the 52-week low, 35.7% from the high |
The quote spread stood out. A buyer paying 9p could only sell at 7.5p, both shown together. That’s a big enough gap in a small-cap, sometimes wiping out any short-term gain if you try to get out.
No fresh RNS appeared in the feed after the June 30 audited results. The audited results said the annual report and AGM notice are up on the company’s site and would be mailed out by July 8.
Symphony’s 2025 numbers were mixed. Revenue dropped to £5.73 million from £6.59 million, which the company blamed on Middle East operations. It said those problems were later fixed. Gross profit slipped just 3.6% as margin improved to 51% from 46%. But operating loss widened to £2.12 million from £1.09 million, mainly on higher administration costs and a £468,000 hit for development cost impairment.
| £ mln, unless stated | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | 5.732 | 6.591 | down 13.0% |
| Gross profit | 2.948 | 3.057 | fell 3.6% |
| Gross margin | 51% | 46% | up 5 points |
| Administration costs | 4.310 | 3.838 | rose 12.3% |
| Development-cost impairment | 0.468 | 0.000 | — |
| Operating loss | 2.118 | 1.087 | loss nearly doubled |
The product lineup gives a clearer picture. d2w masterbatch brought in £4.56 million, making up about 80% of 2025 revenue. The £903,000 drop there was bigger than the total group revenue fall, since d2p and finished-products posted small gains. So, the 2026 story for Symphony comes down to whether it can get d2w sales back up while holding on to the margin improvement.
| Revenue by line | 2025 £ mln | 2024 £ mln | 2025 share of group | YoY change |
|---|---|---|---|---|
| d2w masterbatch | 4.561 | 5.464 | 79.6% | -16.5% |
| d2p masterbatch | 0.727 | 0.719 | 12.7% | +1.1% |
| Finished products and sundry | 0.444 | 0.408 | 7.7% | +8.8% |
| Total | 5.732 | 6.591 | 100% | -13.0% |
Chairman N Clavel said in the results statement the group posted a “net profit in the first five months” of 2026, as revenue rose 10% from a year earlier. The company said 2026 gross margins in the Middle East topped 60%, with operational cash flow there now at neutral. Investegate
Symphony kept its London Stock Exchange Green Economy Mark for the seventh year. The mark goes to listed companies that make at least half their revenue from green products or services under LSEG rules. CEO Michael Laurier said the business was focused on “practical and scalable technologies.” Investegate
India is on the radar as a potential source of growth, but nothing’s confirmed yet. Symphony said June 15 that its estimated addressable market in India is more than $70 million a year, depending on adoption. Laurier pointed to a “clearer pathway toward certification and commercialisation.” However, the same release said timing and approval both still depend on regulators. Investegate
Symphony still faces its balance-sheet problem. At Dec. 31, it had £1.77 million in convertible loan principal and interest outstanding. The debt has to be repaid or converted by Jan. 31, 2027 at 80% of the average share price over the prior three months. With the company valued at about £21.3 million, the loan is around 8% of that before factoring in any discount.
