Accsys Technologies PLC
LSE:AXS
Accsys Technologies PLC
Accsys Technologies Plc is a chemical technology group, which engages in the development, manufacture, and commercialisation of Accoya solid wood and Tricoya wood elements technology. The firm is focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibers, and particles) for use as construction materials. The firm is engaged in the production and sale of Accoya solid wood, and licensing of technology for the production and sale of Accoya wood and Tricoya wood elements. The Accoya solid wood and Tricoya wood elements technologies are manufactured through the Company's acetylation wood modification process. Accoya wood is used for windows, external doors, cladding, decking, structural and civil engineering projects. Tricoya acetylated wood elements are produced for use in the fabrication of panel products such as medium density fiberboard (MDF).
Accsys Technologies Plc is a chemical technology group, which engages in the development, manufacture, and commercialisation of Accoya solid wood and Tricoya wood elements technology. The firm is focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibers, and particles) for use as construction materials. The firm is engaged in the production and sale of Accoya solid wood, and licensing of technology for the production and sale of Accoya wood and Tricoya wood elements. The Accoya solid wood and Tricoya wood elements technologies are manufactured through the Company's acetylation wood modification process. Accoya wood is used for windows, external doors, cladding, decking, structural and civil engineering projects. Tricoya acetylated wood elements are produced for use in the fabrication of panel products such as medium density fiberboard (MDF).
Profitability Surge: Accsys delivered significant profit improvement in H1 2025, with adjusted EBITDA up 160% to EUR 10.4 million and margin reaching 11.6%, close to Phase 1 target.
Strong Sales Growth: Total sales volumes grew 22% to 38,618 cubic meters, with like-for-like revenue up 23% and group revenue up 5% to EUR 76.1 million.
North America Acceleration: Accoya USA JV sales volumes jumped 61% in North America; JV neared breakeven EBITDA and is expected to be EBITDA positive for the full year.
Balance Sheet Strength: Net debt decreased by EUR 2.8 million to EUR 39.8 million and leverage ratio improved from 2.5x to 2.1x; successful refinancing completed in October.
Capacity & Product Expansion: Accoya Color capacity in Barry more than doubled, with new investments in Arnhem to increase acetyl storage and logistical efficiency.
Positive Outlook: Management expects continued demand growth, improving profitability, and further progress towards strategic targets, with trading in line with expectations.
