Sabien Technology Group PLC (AIM:SNT) shares were up 8% at 7.8p after the company reported a sharp pick-up in orders for its M2G boiler optimisation system, which is designed to cut fuel use and carbon emissions from commercial heating systems.
In an update ahead of its annual meeting, Sabien said new orders between July and November reached £465,219, up 73% on the same period last year.
Recognised sales from the M2G line rose 74% to £388,831, while external sales, those not linked to its distributor Parris Group, climbed 77% to £318,787. The figures suggest rising interest from large property portfolios and facilities managers looking to reduce energy consumption.
The company said it was entering the second half of its financial year with a further £220,683 of confirmed orders due to be invoiced in early 2026, along with £37,811 of cloud subscription renewals. Since the end of November, it has secured an additional £50,568 of contracts, including work for an aerospace manufacturer and a regional prison service.
Sabien said the performance reflected “the growing adoption of M2G across large estates” and “the increasing standardisation of M2G as a proven emissions-reduction solution.”