Surface Transforms (SCE) Q1 2025 TU earnings summary

Executive summary

• Surface Transforms provided a Q1 2025 update focused on financing, trading, and operations.

• Key customers remain supportive, providing over £8m in cash advances and other assistance.

• Operational improvements and cash management are current priorities amid ongoing challenges.

Financial highlights

• Gross cash as of 31 March 2025 was over £1.2m.

• More than £8m in customer cash advances received for working capital.

Outlook and guidance

• Optimism expressed for implementing a permanent solution to working capital constraints.

• Strategic discussions with key customers on long-term arrangements are at an advanced stage.