Plexus Holdings Secures £2 Million Loan Facility and Updates on Operations for FY26

Plexus Holdings PLC has entered into a £2 million loan facility with OFM Holdings Limited to support its operations and strategic growth initiatives for the fiscal year ending June 30, 2026 (FY26). The company anticipates its financial performance for FY26 to align with market expectations.

Plexus is set to deliver four new Exact™ EX rental wellhead systems by the end of 2025, increasing its rental fleet to 12 units, with additional units planned for late 2026. The company has established a permanent presence in the Middle East and is preparing for an exploration well in the UAE, enhancing its international operations.

In the UK, uncertainty surrounding government policy has affected exploration activities; however, Plexus sees potential in carbon capture and hydrogen storage projects. The loan facility, carrying an interest rate of 8% and secured against certain assets, is part of Plexus's strategy to maintain operational momentum and capitalize on overseas growth opportunities.