MicroSalt

SALT.L

Packaged Foods · Consumer Defensive

Price

16.00 GBp

+0.50 (+3.23%)

Market Cap

9.0M GBp

Exchange

London Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 13, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+350.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 11.6M (2021) → 52.4M (2025)

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 offerings and new product launches. Founded by Clifford Mark Gross on March 14, 2016, its main operational base is situated in London, United Kingdom.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+133.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+29.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Cash Runway

~4 months

$2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

MicroSalt grew revenue 134% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

6.6%

Thin — 6.6% gross margin

Operating Margin

-132.7%

Losing money on operations — -132.7%

ROCE

-53.2%

Weak — -53.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+120.9%

Fast-growing sales (+120.9% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

3/4 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-144.0%

Burning cash (-144.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

13.35

Heavy debt load (13.35)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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