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MicroSalt plc (SALT) AI Stock Analysis

GB:SALT

MicroSalt plc

(LSE:SALT)

Select Model
Rating:49Neutral
Price Target:GBX 21.50â–²(0.00% Upside)
Action:reiterated
Date:10/14/26

The score is held down primarily by weak financial performance (very low margins, large losses, high leverage, and persistent cash burn). Technicals provide some support due to strong short-term momentum and a positive MACD, but the elevated RSI signals overbought risk. Valuation is constrained by negative earnings and no dividend yield.

Positive Factors
Rapid Revenue ScalingRapid revenue scaling indicates improving commercial traction and growing customer adoption of MicroSalt. If this expansion continues, greater volume could strengthen market presence, support operating leverage, and provide a broader base from which the company can pursue eventual profitability.
Negative Factors
Severe UnprofitabilityVery low gross margin and losses exceeding revenue show that the current business model has not yet demonstrated sustainable economics. Continued unprofitability can restrict reinvestment, require additional financing, and make the company highly sensitive to execution setbacks as it scales.

MicroSalt plc (SALT) vs. iShares MSCI United Kingdom ETF (EWC)

-80%-60%-40%-20%0%20%40%GB:SALT-65.04%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 12.07M
Dividend Yield
―
Average Volume (3M)
241.80K
Price to Earnings (P/E)
-4.9
Beta (1Y)
0.36
Revenue Growth
85.66%
EPS Growth
46.90%
Country
UK
Employees
6
Sector
Consumer Defensive
Sector Strength
62
Industry
Packaged Foods

MicroSalt plc Business Overview & Revenue Model

Company Description

MicroSalt Plc is involved in the creation and manufacturing of both sodium salt and snack food products. The company's core mission centers on actively reducing the sodium levels in its diverse range of food items, applying this aim to both current o...

How the Company Makes Money

MicroSalt plc makes money primarily by selling its MicroSalt ingredient to business customers. The core revenue model is ingredient sales (B2B), where MicroSalt is supplied for incorporation into customers’ food products (e.g., processed/packaged foo...

MicroSalt plc Financial Statement Overview

Summary

Despite rapid revenue scaling, financial quality remains weak: gross margin is ~4% (still very low), net losses exceed revenue (net margin roughly -169%), leverage is elevated (debt-to-equity ~13x), and operating/free cash flow are consistently negative with a large outflow in 2025. Positive equity in 2025 is an improvement, but ongoing losses and cash burn keep risk high.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

14Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.61M2.11M750.00K574.00K638.00K33.00K
Gross Profit239.21K88.82K-438.00K-150.00K197.00K-63.00K
EBITDA-2.78M-3.19M-5.81M-3.34M-2.41M-1.15M
Net Income-3.19M-3.57M-6.13M-3.48M-1.94M-907.00K
Balance Sheet
Total Assets3.52M4.26M2.54M2.27M667.00K428.00K
Cash, Cash Equivalents and Short-Term Investments317.64K1.91M261.00K117.00K91.00K18.00K
Total Debt3.03M2.87M2.75M2.52M170.00K860.00K
Total Liabilities4.75M4.05M4.09M4.27M335.00K914.00K
Stockholders Equity-1.23M215.08K-1.55M-2.00M62.00K-786.00K
Cash Flow
Free Cash Flow-2.79M-3.63M-6.34M-2.78M-2.09M-1.29M
Operating Cash Flow-2.72M-3.47M-5.93M-2.59M-1.97M-1.28M
Investing Cash Flow-152.38K-223.59K-399.00K-189.00K-116.00K-9,000
Financing Cash Flow2.00M5.37M6.47M2.80M2.16M1.30M

MicroSalt plc Technical Analysis

Technical Analysis SentimentNegative
Last Price21.50

Price Trends

50DMA18.12Positive
100DMA21.37Positive
200DMA36.47Negative

Market Momentum

MACD1.45Positive
RSI51.30Neutral
STOCH60.46Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SALT, the sentiment is Negative. The current price of 21.50 is below the 20-day moving average (MA) of 22.20, above the 50-day MA of 18.12, and below the 200-day MA of 36.47, indicating a neutral trend. The MACD of 1.45 indicates Positive momentum. The RSI at 51.30 is Neutral, neither overbought nor oversold. The STOCH value of 60.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SALT.

MicroSalt plc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

GB:SALT against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:CWKGB:CWK78OutperformGBP 2.87B18.2314.99%2.10%9.52%18.08%
GB:FVAGB:FVA68NeutralGBP 73.14M5.6142.90%1.70%――
GB:ABFGB:ABF66NeutralGBP 13.44B14.358.44%3.28%-2.16%-24.87%
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
GB:TATEGB:TATE58NeutralGBP 2.49B25.366.17%3.52%15.55%42.40%
GB:SALTGB:SALT49NeutralGBP 16.90M-4.91626.84%―85.66%46.90%

* Consumer Defensive Sector Average

Performance Comparison

-50%0%50%GB:SALTGB:ABFGB:FVAGB:CWKGB:TATEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:SALT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:SALTMicroSalt plc21.50-40.00-65.04%
GB:ABFAssociated British Foods Plc (UK)1922.50-287.54-13.01%
GB:FVAFevara Plc141.0011.328.73%
GB:CWKCranswick plc5360.00521.9010.79%
GB:TATETate & Lyle Plc563.00197.5954.07%

MicroSalt plc Corporate Events

Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings

MicroSalt Wins Shareholder Backing for Expanded Fundraising and Share Issuance Powers

Positive
Oct 2, 2026

MicroSalt plc has secured strong shareholder backing at its latest general meeting, with all six resolutions passed by large majorities. The approvals authorise directors to issue new ordinary shares for cash in relation to a planned fundraising, the...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

MicroSalt’s Over-Subscribed Retail Offer Boosts Capital and Voting Rights Clarity

Positive
Sep 30, 2026

MicroSalt plc has successfully closed an over-subscribed retail offer, conditionally raising £100,000 through the issue of 714,285 new ordinary shares at 14 pence each, with attached three-year warrants exercisable at the same price. Admission o...

Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings

MicroSalt directors back AIM fundraising with conditional share subscription

Positive
Sep 30, 2026

MicroSalt plc has announced that several directors and persons discharging managerial responsibilities have conditionally subscribed for a total of 1,079,466 new ordinary shares at an issue price of 14 pence, raising gross proceeds of about £151...

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing

MicroSalt lifts H1 revenue and margins as B2B rollouts accelerate

Positive
Sep 29, 2026

MicroSalt reported unaudited first-half 2026 revenue of US$1.4 million, up 67% year-on-year, with gross margins improving to 12% and net losses narrowing to US$1.5 million as bulk B2B sales to major food manufacturers gained traction. The company exp...

Business Operations and StrategyPrivate Placements and Financing

MicroSalt launches retail offer as part of £1.5m fundraising push

Neutral
Sep 24, 2026

MicroSalt plc has launched a retail share offer to existing UK shareholders via the Bookbuild Platform, aiming to raise up to £100,000 through the issue of 714,285 new ordinary shares at 14 pence each. The offer mirrors the pricing and warrant s...

Business Operations and StrategyPrivate Placements and Financing

MicroSalt Raises £1.4m in Oversubscribed AIM Fundraise and Launches Retail Offer

Positive
Sep 24, 2026

MicroSalt has completed the primary phase of its latest equity fundraising, reporting that the subscription component was significantly oversubscribed and has now closed. The company has conditionally raised about £1.3 million through the issue...

Business Operations and StrategyFinancial Disclosures

MicroSalt sets date for interim results and opens investor presentation as low-sodium salt push intensifies

Positive
Sep 24, 2026

MicroSalt Plc, a producer of patented low-sodium salt using micron-sized particles, is positioning itself within the £10+ billion global salt market by offering a scalable alternative that maintains full flavour while halving sodium content. The...

Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingShareholder Meetings

MicroSalt seeks shareholder approval for equity fundraise and capital boost

Neutral
Sep 16, 2026

MicroSalt has called a general meeting on 2 October 2026 in London to seek shareholder approval for authorities needed to execute a proposed equity fundraise of up to about US$1.0 million. The company is offering a mix of direct subscriptions, a late...

Business Operations and StrategyPrivate Placements and Financing

MicroSalt strengthens balance sheet with note conversion and eyes fresh equity raise

Positive
Sep 10, 2026

MicroSalt has strengthened its balance sheet by converting US$2.4 million of convertible loan notes held by Tekcapital Europe Limited into 11,077,468 new ordinary shares at a 10% premium to the prior closing price. Following the conversion, Tekcapita...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 14, 2026