This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

17 December 2025

Symphony Environmental Technologies plc

("Symphony", the "Company" or the "Group")

Trading update and significant transformation of operations in the Middle East

Symphony Environmental Technologies Plc (AIM:SYM), global specialists in technologies that make plastic and rubber products "smarter, safer and sustainable", announces that as a result of management- driven strategic change in its Middle East operation, Group revenue for the year ending 31 December 2025 is now expected to be approximately £5.4 million, and a comparable adjusted LBITDA to that incurred in the previous year of £0.9 million.

Significant transformation of operations in the Middle East

The Board is pleased to announce that it has successfully commenced its new manufacturing agreement with Pure Polymers in Jeddah, Saudi Arabia. This is a key pillar of the Group's strategic expansion in the Middle East to capture increasing share of anticipated growth in Middle East markets driven by regulatory enforcement and general macroeconomic dynamics.

This milestone builds on previous positive statements by the Company where we noted the increasing demand for d2w biodegradable plastic masterbatch technology in the region, supported by improved enforcement of SASO 2879 plastic regulations. These regulations mandate the use of oxo-biodegradable products and specifically exclude "compostable" and non-biodegradable alternatives. Symphony's d2w masterbatches, now produced locally in Saudi Arabia, are fully compliant and have received approval from SASO (Saudi Arabian Standards, Metrology and Quality Organization), ensuring both regulatory approval and environmental responsibility. Symphony is also strengthening its direct sales force in the region to accelerate progress in this market.

In line with this development, manufacturing operations in Dubai have ceased, reflecting the Company's focus on Saudi Arabia, where the Government is actively encouraging local manufacturing initiatives. As a result of the changeover process, d2w volumes in the Middle East H2 2025 are expected to be nearly 70% lower than H2 2024. However, since commencing manufacture with Pure Polymers earlier in December, volumes are expected to exceed FY 2024 levels going forward in 2026.

Saudi Arabia is recognised as the world's largest producer of plastic, with its plastic products market valued at approximately $8.3 billion and projected to reach $10.87 billion by 2032. The Saudi government has, quite rightly, not agreed to a reduction in plastic supply, maintaining that the focus should instead be on implementing better waste management practices. This approach reflects Saudi Arabia's commitment to sustainability and responsible resource use, as demonstrated by ongoing efforts to improve product lifecycle design, enhance waste management systems, and encourage collaboration between government, industry, and research institutions.

The Board remains confident that the strategic shift to Saudi Arabia, combined with the new collaboration agreement and strengthened management and sales team, Symphony is well placed to benefit from the expected sharp increase in demand in 2026. The Company continues to work closely with local authorities, manufacturers and other stakeholders to ensure full compliance with regulatory requirements and to support the Government's objectives, particularly Saudi Vision 2030. https://www.vision2030.gov.sa/en

Further updates will be provided as the Company progresses its expansion in Saudi Arabia and the Middle East region.

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NOTES TO EDITORS

About Pure Polymers

Pure Polymers is a leading independent manufacturer of masterbatches and other products for the plastics industry, based in Jeddah, Saudi Arabia. Established in 2017, the company operates a state-of-the-art facility which has been audited by Symphony's Technical Dept. It is equipped with advanced Italian twin-screw extruders and produces high-quality white, colour, and additive masterbatch, as well as custom thermoplastic compounds. Pure Polymers serves the high-quality plastic converting, petrochemical, and plastics processing industries across the Middle East and beyond, and is certified to ISO 45001:2018 for Occupational Health & Safety Management. The company is led by CEO Fahad Al-Nanih and is recognised for its innovation, quality assurance, and commitment to supporting sustainable manufacturing in the region.

About Symphony Environmental

Symphony's d2w masterbatch technology is added to polyethylene (PE) and polypropylene (PP) products at the manufacturing stage at little or no extra cost, and ensures that if they get into the environment at the end of their useful life they will not create microplastics and lie or float around for decades. https://www.symphonyenvironmental.com/technologies/biodegradable-plastic/ Instead they will safely biodegrade, leaving no microplastics or toxicity.

If they get collected during their programmed life they can be recycled with ordinary PE and PP without separation See  https://www.biodeg.org/subjects-of-interest/recycling-2/

Symphony also supplies a range of plastic technologies under its d2p (designed to protect) brand www.d2p.net to provide protection against insects, viruses, bacteria, fungi, rodents, odours, and fire. 

It has also introduced a new product under its NbR brand https://www.symphonyenvironmental.com/natural-biodegradable-resin/ to reduce the amount of fossil-derived material in plastic products.

Symphony has a diverse and growing customer-base and has established itself as an international business with over 70 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony itself is certified according to ISO9001 and ISO14001.

Symphony participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Further information on the Group can be found at www.symphonyenvironmental.com  and twitter @SymphonyEnv  

See also Symphony on Instagram and Linkedin.