Majestic Corporation Plc (AQSE:MCJ) has posted a 66.7% jump in revenue, as booming demand for recycled metals pushed the group well ahead of expectations for 2024.
The London-listed firm, which specialises in recovering precious and non-ferrous metals from industrial waste, reported unaudited sales of $49 million for the year to December, up from $29.4 million in 2023.
Volumes also climbed sharply, with 43,000 tonnes of recyclable materials processed - up 43% on the previous year.
Chief executive Peter Lai said the company’s expansion had opened the door to new markets and more players in the recycling supply chain.
“The hard work of our team has driven significant growth in our topline performance which in turn we anticipate to positively impact our bottom line,” he said.
Majestic, which operates in the sustainable circular economy, said it was now looking for larger facilities in the UK to support continued growth in 2025. It expects to report audited results by the end of May.