{
  "id": 94319,
  "title": "Sulnox: Q1 Trading Update: Revenue up 54% against Q1 2025",
  "url": "https://urgent.news/2026/08/03/sulnox-q1-trading-update-revenue-up-54-against-q1-2025",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T17:00:55.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/sulnox-q1-trading-update-revenue-up-54-against-q1-2025/"
  },
  "original_language": "en",
  "account": "Sulnox, a greentech company offering fuel cost savings and emissions reductions, reported a strong Q1 trading update for the period of 1 April to 30 June 2026. The company's revenues grew by 53.8% compared to Q1 2025, reaching £804.6k. This growth was fueled by repeat sales to existing marine clients and the acquisition of new clients. Volume of product sold increased by 73.1% compared to the same quarter in 2025. The company's cash balance at the end of Q1 was £1,532.2k, a substantial improvement from £821.5k at the end of Q4. Sulnox successfully raised £2 million in a subscription led by a shipowner with extensive experience using Sulnox Eco, which will be utilized for global inventory expansion, continued R&D, and commercial growth across marine and land-based sectors. In terms of land-based distribution, Sulnox established three new distributor agreements in South Asia: Aditya in India, PPS covering India and Sri Lanka, and Skyzone in Pakistan. Additionally, the Company appointed DLBC as a distributor in France, further expanding its distribution network in Europe. Sulnox secured fuel oil reclamation patents in Hong Kong and Algeria, extending its demulsification technology to two key port markets. The global demulsifier market is projected to grow from US$2.5 billion in 2025 to US$3.3 billion by 2032, driven by increasing regulatory pressure to manage marine waste more sustainably. Sulnox's CEO, Ben Richardson, expressed optimism about the company's growth prospects, citing strong year-on-year growth in Q1 and positioning the company for continued success in the second quarter.",
  "summary": "Sulnox, the greentech company delivering lower fuel costs and emissions at zero capex, is pleased to announce its trading update for Q1 (1 April to 30 June 2026). Key Metrics for Q1 (unaudited) · Q1 revenues of £804.6k, representing growth of growth of 53.8% on Q1 2025 (£522.6k) · Growth driven by repeat and expanding ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}