Metatek-Group

What Metatek-Group does

Metatek-Group is a UK-headquartered (Milton Keynes), publicly listed (TSX: MTEK since March 2026) geophysical services company founded in 2012 that provides consultancy, data acquisition, processing, and interpretation services for air, land, and sea exploration activities. The company's core technology is Full Tensor Gravity Gradiometry (FTG), originally developed by Lockheed Martin for submarine navigation and adapted for airborne subsurface mapping under three proprietary variants — eFTG (enhanced), iFTG (integrated), and dFTG (digital) — for which Metatek holds exclusive access to next-generation systems. This core capability is complemented by conventional gravity, magnetics, LiDAR, magnetotellurics, and ground geophysics instrumentation, and data is delivered through the proprietary GeoVault platform and bespoke processing software, producing a vertically integrated end-to-end workflow from acquisition through 3D earth model delivery. Metatek operates its own aircraft fleet and serves a global client base spanning mineral, energy (hydrocarbons, natural hydrogen, geothermal), environmental, and CCS applications.

Metatek's primary customers are sovereign governments and state-owned national resource companies, particularly in Africa and Southeast Asia, with a growing footprint across the Middle East, Europe, and the Americas. Named clients include RAK GAS (UAE), the Government of Angola (repeat follow-on work completed March 2026), and an initial West African government engagement ramping toward a larger Q2 2026 survey. Revenue is generated through project-based contracts for survey services, with multi-year instruments fully booked for the next two years and an Adjusted Backlog of approximately $69-77 million (March 2026) providing 18-24 months of forward visibility. The company reported record FY2025 revenue of $23.7 million (up 99% from $11.9 million in FY2024), gross profit margin of 60%, and Adjusted EBITDA of $9.2 million (39% margin). Go-to-market is direct enterprise sales supplemented by industry conference participation (SEAPEX, EAGE, AAPG, SPE), academic partnerships (Imperial College London, Durham University, Hawaiian Institute of Geology and Planetology), and a public-company investor relations function; pricing is custom and project-based with no public rate cards.

Name

Metatek-Group

Legal name

Metatek-Group Ltd.

Website

https://metatek-group.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Metatek-Group is a UK-based, TSX-listed (MTEK) geophysical services company providing airborne, land, and sea subsurface mapping using Full Tensor Gravity Gradiometry technology exclusively licensed from Lockheed Martin, serving sovereign governments and resource companies worldwide.

Ownership category

akta.pro rank

Product category

Geophysical Surveying Services

NAICS

Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Geotechnical Investigation & Site Characterization (Boreholes, In-situ Testing, Lab Testing) (IMAFAOAG)

Keywords

• Airborne geophysical surveying
• Gravity gradiometry services
• Subsurface mapping services
• Mineral exploration surveys
• Oil and gas exploration

Headquarters

HQ city

Milton Keynes

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Geophysical Survey Services: Project-based contracts for data acquisition, processing, and interpretation services. Revenue is recognized as projects are executed across air, land, and sea environments. The company reports record revenue of $23.7 million in FY2025, up 99% from prior year, with gross profit margin of 60%.
2. Subscription/Long-term Contracts: Adjusted Backlog of approximately $69-77 million provides revenue visibility over 18-24 months. Instruments are fully booked for the next two years, supporting predictable revenue streams from government and resource company clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Metatek provides consultancy, data acquisition, processing and interpretation services for air, land and sea geophysical exploration activities. Its core offerings center on Full Tensor Gravity Gradiometry (eFTG, iFTG, dFTG) surveys exclusively licensed from Lockheed Martin, complemented by conventional gravity, magnetics, LiDAR, magnetotellurics and ground geophysics, with results delivered digitally through the proprietary GeoVault platform as 3D earth models for governments, national resource companies and mineral/energy explorers.

Product overview

Metatek-Group is a geophysical services company offering a comprehensive suite of airborne, land, and sea-based geophysical surveying technologies for subsurface mapping of mineral, energy (including hydrocarbons, hydrogen, and geothermal), and environmental resources. The company's core technology portfolio centers on three variants of Full Tensor Gravity Gradiometry (FTG): eFTG (enhanced), iFTG (integrated), and dFTG (digital), all exclusively licensed from Lockheed Martin. These are complemented by conventional gravity, magnetics, LiDAR, magnetotellurics, and ground geophysics services. Metatek delivers an end-to-end workflow encompassing proprietary data acquisition, processing via bespoke software, scientific interpretation, and digital delivery through the GeoVault platform, which transforms raw survey data into 3D earth models. The company operates its own aircraft fleet and serves government clients and resource developers worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Enhanced Full Tensor Gradiometry (eFTG) Surveys Airborne enhanced gravity gradiometry survey service delivering extreme-resolution sub-surface imagery, unique to Metatek, for mineral, energy and hydrogen exploration clients.
• Integrated Full Tensor Gradiometry (iFTG) Surveys Airborne full-spectrum gravity gradiometry imaging service unique to Metatek for comprehensive sub-surface mapping.
• Digital Full Tensor Gradiometry (dFTG) Surveys Airborne rotary or fixed wing full-spectrum gravity gradiometry imaging service, unique to Metatek; first operational deployment completed Q1 2026.
• Conventional Gravity Surveying Air, land and sea-based conventional gravity surveying service that complements Metatek's gradiometry products.
• Magnetics Surveying Air and land-based magnetic surveying using scalar Caesium Vapour total field magnetic sensors that complements and discriminates gradiometry targets.
• LiDAR Surveying Airborne LiDAR service providing engineering-grade digital terrain models for terrain corrections and surface planning.
• Magnetotellurics Surveying Land-based standalone sub-surface imagery that complements Metatek's gradiometry products.
• Ground Geophysics Services Land-based geophysical methods including Ground Penetrating Radar (GPR) for imaging near-surface targets and geochemistry coring.
• GeoVault Data Delivery Platform Proprietary digital data delivery platform that transforms raw survey data into high-fidelity insight within days, enabling sovereign clients to unlock natural wealth faster, more accurately and with minimal environmental impact.
• Geophysical Data Acquisition Services End-to-end airborne, land and marine data acquisition services, integrating FTG, gravity, magnetics, LiDAR, magnetotellurics and ground geophysics into a single survey campaign.
• Geophysical Data Processing Services Processing of raw survey data using Metatek's bespoke geophysical software integrated with Lockheed Martin FTG tools to manage, collate, process and quality assess the data.
• Geophysical Data Interpretation Services Scientific interpretation of processed geophysical datasets by Metatek's PhD-qualified scientists, producing 3D earth models and exploration recommendations for clients.
• Feasibility Studies and Survey Design Geological setting, survey design and instrument-choice feasibility studies, supported by proprietary feasibility modelling software to optimize survey parameters at early stages.
• Multiclient High Resolution FTG Data Library (Mexico) Pre-existing high-resolution Full Tensor Gradiometry data library over Mexico available for multi-client licensing to mining, oil and gas and exploration companies.
• Multiclient High Resolution eFTG Data Library (Egypt) Pre-existing high-resolution Enhanced Full Tensor Gradiometry data library over Egypt available for multi-client licensing to mining, oil and gas and exploration companies.
• Potential Field Geophysical Data Management Services Management and archival services for potential field geophysical datasets, supporting clients in organizing legacy and newly acquired data.

Quantifiable outcome

• Revenue growth of 99% year-over-year to $23.7 million in FY2025
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core, critical and minor.

• NHSG (Natural Hydrogen Study Group)coreStrategic or Co-development Partner · 20 February 2026NHSG/Metatek partnership to develop new methods for exploring natural hydrogen. Combines NHSG's hydrogen source rock modeling and Hy-Eval tool with Metatek's FTG subsurface imaging technologies. Already demonstrated through a project in UAE for client RAK GAS involving legacy data interpretation, field work, and sample analysis.
• Lockheed MartincriticalTechnology or IntegrationLockheed Martin is the manufacturer of Metatek's FTG gravity gradiometry systems. Metatek has exclusive access to next-generation FTG technology. Lockheed Martin designs and manufactures the systems at Niagara Falls, NY, and provides full support and maintenance. This is a critical technology licensing and support relationship.
• ARGASminorChannel Partner/ Reseller/ DistributorSaudi Arabian seismic data surveying company operating across Middle East and North Africa. Provides geophysical acquisition services and access to regional markets.
• Striped-HorseminorChannel Partner/ Reseller/ DistributorAngolan and UK based upstream oil and gas consulting and advisory company specializing in geological and geophysical surveys in Africa. Metatek's Luanda office partner.
• H2AuminorStrategic or Co-development PartnerCompany leveraging oil and gas exploration techniques to screen and evaluate natural hydrogen occurrences using play-based approach and proprietary geoscience data for predictive geological models.
• Imperial College LondonminorStrategic or Co-development PartnerAcademic partnership for knowledge transfer and research collaboration. Metatek staff present material on non-seismic geophysics at graduate and postgraduate level and provide external supervisors for students.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Sander Geophysics: Canadian airborne geophysical survey company offering high-resolution magnetic, gamma-ray spectrometric, and electromagnetic surveys globally. Provides similar airborne exploration services to government and mineral exploration clients as Metatek.
• Xcalibur Multiphysics: Provides airborne gravity, gravity gradiometry, and magnetic surveys for mineral, oil & gas, and geothermal exploration. Directly competes with Metatek in the non-seismic airborne geophysics market with similar customers and use cases.
• Bell Geospace: Direct competitor in airborne Full Tensor Gravity Gradiometry surveying for oil, gas, and mineral exploration. Bell Geospace operates the original FTG technology and offers overlapping gravity gradiometry services, making it Metatek's closest head-to-head competitor.
• Austin Exploration: Houston-based global service provider of marine gravity and magnetic data acquisition, processing, and interpretation. Already a Metatek partner but also a peer in marine geophysical surveying, with overlapping service offerings and customer segments.

Broad incumbents

• Petroleum Geo-Services (PGS): Global marine seismic and geoscience data company. Metatek's Chief Strategy Officer Philip Briandet was previously President of PGS Asia Pacific, illustrating the personnel overlap. PGS competes in marine and airborne geophysics segments adjacent to Metatek's offerings.
• CGG: Global geoscience major offering seismic acquisition, multi-client data libraries, and gravity/magnetic services. While much larger and more diversified, CGG's gravity and integrated geophysics services overlap with Metatek's offerings, particularly in hydrocarbon exploration.
• TGS: Norwegian multi-client energy data provider with extensive seismic, magnetic, gravity, and well data libraries. TGS is already a Metatek partner but also competes in subsurface data delivery through its vast data libraries and OBN marine operations.
• ION Geophysical: Houston-based seismic and geophysical solutions provider offering survey planning, data acquisition, and processing. Competes with Metatek in providing integrated subsurface imaging services to exploration clients, particularly in marine environments.
• Schlumberger (SLB): World's largest oilfield services company with deep geophysics and exploration capabilities including seismic acquisition and reservoir characterization. Represents the broadest competitive threat as it can bundle geophysical services into integrated exploration offerings for sovereign and IOC clients.

Emerging players

• New Resolution Geophysics (NRG): Specialized provider of airborne magnetic, radiometric, and gravity gradiometry surveys with focus on mineral exploration. Operates in a similar niche to Metatek with comparable technology stack targeting the mining and exploration markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metatek-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metatek-Group