Interim Results

GETECH Group plc
30 March 2006

                                GETECH Group PLC

                                INTERIM RESULTS

                      Six month period to 31 January 2006

                                   HIGHLIGHTS



  • Turnover (for six months) £1,636,082

  • Profit before tax £447,843

  • Maiden dividend payment as a public company of 0.4 pence per share

  • Continued expansion of the PSEG

  • Sound profitability across the Group

  • Significant number and size of sales to mining companies and smaller oil
    companies


For further information, please contact:

Derek Fairhead, Managing Director, GETECH Group Plc       0113 343 5240

Colin Glass, Finance Director, GETECH Group Plc           07831 258494

Mark Dickenson, Rob Naylor, Teather & Greenwood           020 7426 9000

Kelly-Ann French, Buchanan Communications                 07958 972164


                                 www.getech.com


CHAIRMAN'S STATEMENT



I am pleased to report the inaugural results of GETECH Group PLC ('GETECH' or '
the Company'), the oil services business specialising in the provision and
interpretation of exploration data and petroleum systems evaluations, for the
six month period to 31 January 2006.



RESULTS



The Company reported a profit before tax of £447,843 (2005: £450,489) after
interest receivable of £59,121 (2005: £12,597) on a turnover of £1.636m (2005:
£1.993m).  The post tax profit was £318,843 (2005: £360,489) giving earnings per
share of 1.25p (2005: 1.30p adjusted).



In the full year to 31 July 2005, prior to flotation, profit before tax was
£730,460 after interest receivable of £33,126 on a turnover of £3.482m.  The
post tax profit was £534,140.



DIVIDEND



The company remains strongly capitalised and continues to generate cash from its
trading activities.  I am delighted to report that your Board intends to pay an
interim dividend of 0.4 pence per share to shareholders registered on 7 April
2006, costing £110,769.  The dividend will be paid on 5 May 2006.





BUSINESS REVIEW



A substantial part of the Company turnover is made up of a number of large
contracts whose nature and timing cannot always be accurately predicted. The
results for the half year were achieved despite one major predicted data sale
not having taken place.



During the six-month period significant contracts were completed with US and
European based oil majors together with small to medium sized exploration
companies.  This same period and the early part of the second half have also
seen above normal revenue from mining company contracts. This demand for our
data and services reflects high commodity prices and a greater willingness of
mining companies to spend on future projects/studies at such times.



GROUP ACTIVITIES



The Company's principal activities are:-



•         Global Gravity and Magnetic Data Licensing

•         Integrated Basin Interpretation Studies and Services

•         Evaluating the Petroleum Systems within sedimentary basins



In providing our data licensing service over many years GETECH has compiled one
of the world's most extensive commercial libraries of gravity and magnetic data.



The first two activities contributed the majority of the Company's revenue in
the previous financial year.  The third activity relates to the relatively new
and growing Petroleum System Evaluation Group ('PSEG') formed in 2004 and headed
by two of the top geoscientists in this field, Dr John Jacques and Dr Paul
Markwick.  The PSEG provides oil companies with detailed insights into the key
source, reservoir and seal issues relating to hydrocarbon basins.



I am pleased to report that we have expanded the PSEG by recruiting an
additional four international geoscientists which we believe is quite an
achievement, given the scarcity of this resource.  There is increasing interest
in PSEG services and our new employees will enable us to enhance the scope and
quantity of the work we can undertake. We expect the financial contribution from
the PSEG to increase in the next half.



During the period under review we announced that we had signed an exclusive
marketing agreement with the Geological Survey of China to market their
Geographical Information Systems ('GIS') based geological and geochemical data.



We have also made good progress with organisations in a number of countries with
regard to developing agreements that allow GETECH to acquire the right to market
their archived geophysical datasets in highly prospective frontier oil
exploration regions.  We hope to be in a position to announce further progress
in this area later in the calendar year.



I can confirm that two significant interpretation research and development
studies have been commissioned.  One study, with a duration of twelve months, is
already fully operational and the other, with a duration of two years, is
planned to commence in April with a workshop involving an invited panel of
international experts.



We expect the global state of the oil and mineral exploration industry to remain
buoyant for the foreseeable future on the back of the high prices of oil, gas
and minerals, and record profits of the major oil companies.  There is an
apparent increasing interest from large and small oil and minerals exploration
companies for data and services from all around the world.



OUTLOOK



The Company's income remains largely dependent on a relatively modest number of
significant contracts. Current contracts and high levels of enquires, reflecting
increased exploration budgets within mining and petroleum companies, cause the
Board to be confident about the second half and thereafter.



Finally, on behalf of the Board, I would like to thank our employees for their
considerable efforts, dedication and commitment and our shareholders for their
support during this embryonic phase of our development as a publicly quoted
company on AIM.



PETER STEPHENS

Chairman



30 March 2006



                               FULL RESULTS BELOW



GETECH Group PLC



PROFIT AND LOSS ACCOUNT
for the six months ended 31 January 2006

                                                              Six months          Six months              Year
                                                                ended 31            ended 31          ended 31
                                                            January 2006        January 2005         July 2005
                                                              (unaudited)         (unaudited)       (unaudited)
                                                                   £'000               £'000             £'000

TURNOVER                                                           1,636               1,993             3,482

Cost of sales                                                      ( 454 )             ( 761 )         ( 1,318 )

GROSS PROFIT                                                       1,182               1,232             2,164

Operating expenses                                                 ( 793 )             ( 794 )         ( 1,467 )

OPERATING PROFIT                                                     389                 438               697

Interest receivable                                                   59                  13                33

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION                        448                 451               730

Taxation                                                           ( 129 )              ( 90 )           ( 196 )

PROFIT RETAINED AND TRANSFERRED TO RESERVES                          319                 361               534

Basic earnings per share (p)                                        1.25                6.79             10.14

Diluted earnings per share (p)                                      1.25                6.79             10.14






GETECH Group PLC



BALANCE SHEET
31 January 2006
                                                                31 January         31 January            31 July
                                                                      2006               2005               2005
                                                                (unaudited)        (unaudited)        (unaudited)
                                                                     £'000              £'000              £'000
FIXED ASSETS
Intangible assets                                                        1                  2                  2
Tangible assets                                                         61                 34                 34
                                                                        62                 36                 36
CURRENT ASSETS
Debtors                                                                927                777                645
Cash at bank and in hand                                             4,208              1,456              1,424
                                                                     5,135              2,233              2,069

CREDITORS - amounts falling due within one year                    ( 1,503 )          ( 1,462 )          ( 1,210 )

NET CURRENT ASSETS                                                   3,632                771                859

TOTAL ASSETS LESS CURRENT LIABILITIES                                3,694                807                895

PROVISIONS FOR LIABILITIES                                               -               ( 6 )                 -

NET ASSETS                                                           3,694                801                895

CAPITAL AND RESERVES
Called up share capital                                                 69                  -                  -
Share premium account                                                2,461                  -                  -
Profit and loss account                                              1,164                801                895

SHAREHOLDERS' FUNDS                                                  3,694                801                895





GETECH Group PLC


CASH FLOW STATEMENT
for the six months ended 31 January 2006

                                                            Six months          Six months                Year
                                                              ended 31            ended 31            ended 31
                                                          January 2006        January 2005           July 2005
                                                           (unaudited)         (unaudited)          (unaudited)
                                                                £'000               £'000                £'000

NET CASH INFLOW FROM OPERATING ACTIVITIES                         297                 704                  781

RETURNS ON INVESTMENTS AND SERVICING OF
FINANCE
Interest received                                                  51                  13                   33

NET CASH INFLOW FROM RETURNS ON INVESTMENTS                        51                  13                   33
AND SERVICING OF FINANCE

Taxation                                                            -                   1                ( 33 )

CAPITAL EXPENDITURE
Purchase of tangible fixed assets                               ( 44 )              ( 11 )               ( 28 )

NET CASH OUTFLOW FROM CAPITAL EXPENDITURE                       ( 44 )              ( 11 )               ( 28 )

Equity dividends paid                                               -               ( 50 )               ( 50 )

NET CASH INFLOW BEFORE FINANCING                                  304                 657                  703

FINANCING
Issue of share capital                                          3,000                   -                    -
Costs of share issue                                           ( 520 )                  -                    -
Redemption of shares                                                -                   -                ( 79 )

NET CASH INFLOW FROM FINANCING                                  2,480                   -                ( 79 )

INCREASE IN CASH                                                2,784                 657                  624

RECONCILIATION OF OPERATING PROFIT TO NET
CASH INFLOW FROM OPERATING ACTIVITIES
Operating profit                                                  389                 438                  697
Depreciation                                                       18                  18                   34
(Increase) in debtors                                           ( 274 )             ( 427 )              ( 295 )
Increase in creditors                                             164                 675                  345
                                                                  297                 704                  781

GETECH Group PLC



NOTES


  
1  The financial information does not constitute statutory accounts as defined in
section 240 Companies Act   1985.  The figures for the year to 31 July 2005 have
been extracted from the unaudited financial   statements   of GETECH Group PLC
and its subsidiary, upon which the auditors were not required to report. 
Statutory   financial statements of GETECH Group PLC (formerly Geophysical
Exploration Technology Limited) for the   year ended 31 July 2005 have been
filed with the Registrar of Companies.

  
2  The interim financial statements have been prepared on the same basis and using
the same accounting policies as used in the full financial statements for the
year ended 31 July 2005, except for the adoption of Financial Reporting
Standard 21 Events After the Balance Sheet Date, Financial Reporting Standard 22
Earnings Per Share, Financial Reporting Standard 25 Financial Instruments:
Disclosure and Presentation and Financial Reporting Standard 28 Corresponding
Amounts.  The adoption of these standards does not Impact on the interim
financial statements as reported.  The interim financial statements, which have 
been neither audited nor reviewed by the Company's auditors, have been
approved by the Board.

  
3  Taxation has been provided at the estimated effective rate of 30% for the 
year as a whole (2005: 30%).


4  Basic earnings per share is calculated on the basis of the profit for the period
after tax, divided by the weighted average of ordinary shares in issue in
the period (six months ended 31 January 2006: 25,477,232 year ended 31 July
2005: 5,268,403, and six months ended 31 January 2005: 5,320,000).


5  Diluted earnings per share is calculated on the basis of the profit for the 
year after tax, divided by the weighted average number of shares in issue
plus the weighted average number of shares which would be issued if all
options granted were exercised.  The addition to the weighted average number of
ordinary   Shares used in the calculation of diluted earnings per share for the
six months ended 31 January 2006 is

Nil, year ended 31 July 2005: Nil, and six months ended 31 January 2005: Nil.

6  Adjusted earnings per share is calculated as if all 27,692,307 shares in 
issue at 31 January 2006 had been in issue for the whole of 2004 and 2005 to
date (six months ended 31 January 2006: 1.15, year ended 31 July 2005:1.93,
and six months ended 31 January 2005:1.30)


7  An interim dividend of  0.4p per share (2005:  £Nil) has been recommended and 
is payable on 5th May 2006 to members on the register at 7th April 2006.


8  The statement is being sent to the shareholders of the company and will be 
available at the company's registered office at Convention House, St.Mary's 
Street, Leeds, LS9 7DP.




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