South Yorkshire-based water cleaning technology firm, Xeros, said interest in its products continues to grow despite wider appliance industry headwinds including pressure from lower cost competition.<\/p>\n
Publishing its unaudited interim results for the six months ended 30 June 2026, the business records revenues of \u00a3109,000 (2025: \u00a365,000) and a pre-tax loss of \u00a31.6m (2025: \u00a31.7m loss).<\/p>\n
Net cash as of 30 June 2026 was \u00a33.5m (2025: \u00a31.2m) with cash at the end of August at \u00a32.8m. The group remains debt free.<\/p>\n
Xeros has developed patented technologies to reduce the environmental impact of how industries make and care for clothes.<\/p>\n
Its three three main technologies are Microplastic Pollution Filter, Laundry Care, and Denim Finishing. Xeros’s model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables.<\/p>\n
Neil Austin, CEO, said the Rotherham-headquartered group had made good operational progress.<\/p>\n
He added: “Our external microplastic pollution filter (XF3), is now on sale in Germany through MediaMarkt; our denim processing partner, Yilmak, which is the world’s largest denim processing machine manufacturer, has facilitated strategic machine placements across key denim manufacturing hubs; and the breakthrough agreement for our Xeros laundry care washing machine with one of the world’s largest washing machine brands continues to progress well.<\/p>\n
“While we have a few months delay in activation, we also have firmer foundations for growth with additional placements in Denim Finishing and distributors for XF3 lined up.<\/p>\n
“The Board and I remain excited by the interest levels in, and potential for, Xeros’s Technology.”<\/p>\n
The business notes appliance industry headwinds – including pressure from lower cost competition impacting US and European OEMs – are extending programme timelines beyond its control.<\/p>\n
It says this is likely to push early revenues anticipated in half two of the current year into half one 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"
But Xeros also warns that industry headwinds are extending programme timelines beyond its control<\/p>\n","protected":false},"author":238857,"featured_media":2146054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53262],"coauthors":[62387],"class_list":["post-2159768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-featured-story","tag-south-yorkshire"],"yoast_head":"\n