Shares in Xeros Technology Group PLC (AIM:XSG) fell 11% to 1.39p after the laundry sustainability company warned that revenue for 2025 would fall short of market forecasts.
The shortfall was attributed to the delayed shipment of a second batch of XOrbs to Turkish partner Yilmak, and the deferral of revenue from both a denim machine sale and a milestone payment for its Laundry Care arm into 2026 due to timing and accounting complexity.
Xeros reported strong operational progress, including the first delivery of a Xeros-enabled garment finishing machine to a customer in Pakistan.
Further orders are expected following commissioning, with additional installations planned in Turkey, Egypt and Bangladesh.
In its Laundry Care division, Xeros said consumer research by a major washing machine partner had exceeded expectations, reinforcing the commercial potential of its technology. Three other manufacturers remain in the technical verification stage.
The company also expects its first two purchase orders for the XF3 microfibre filter, with broader roll-out anticipated during 2026.
Despite the revenue delay and slightly higher SG&A costs, Xeros said the outlook for 2026 remains unchanged, with income expected from royalties and technology transfer fees.