Provexis hails 'strong year of progress' as revenue grows 61%
Provexis PLC on Thursday on reported a narrowed full-year loss owing to a strong improvement in its top line as it noted strong customer demand.
The Reading, England-based producer of heart-health functional food ingredient Fruitflow reported a pretax loss of £449,637 for the financial year that ended March 31, narrowed from £601,998 a year earlier.
Top line gains drove the improved bottom line as revenue advanced 61% to £1.3 million from £801,964. Provexis said this growth reflects the ‘strongly increased’ demand from both existing and new customers for Fruitflow throughout the year.
Fruitflow II SD revenue grew to £1.2 million from £651,845, while Fruitflow+ Omega-3 revenue fell to £121,305 from £150,119.
Shares in the company were down 5.6% at 0.58 pence on Thursday afternoon in London.
On trading since the end of March, Provexis said it expects to sell ‘several hundred thousand pounds of Fruitflow II SD in the quarter ended 31 December 2025, and is dealing with numerous sales enquiries from existing and new customers for further direct sales of Fruitflow in 2026 and beyond.’
‘The company has had a year of strong progress, to include a 61% year on year increase in revenue, reflecting strongly increased demand throughout the year from existing and new customers for Fruitflow II SD, the Company’s innovative, patented Fruitflow heart-health ingredient,’ said Provexis.
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