2023 Annual Report

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Chariman's Statement

"I am pleased to present Haydale Graphene Industries Plc's (“Haydale”, the “Group” or the “Company”) full year audited results to 30 June 2023 (FY23).

The Group continued to make positive progress during the year on its journey to delivering sustainable commercial revenues. The US operation in particular saw a strong bounce back in FY23 and, with its continued progress into the manufacture of SiC cutting tools, is increasingly well positioned to deliver strong growth moving forwards. The UK operation has started to see the seeds planted in FY22 begin to come through in the second half of FY23 and post year end period as we entered into a number of agreements that we believe will form the bedrock of strong business partnerships going forwards to take our offerings to the wider market. We anticipate the momentum across both the nanomaterial and SiC markets will continue into the current financial year."

Strategic Report

Haydale has three principal activities:

  • The plasma functionalisation of nanomaterials for third party applications through our patented HDPlas® process;
  • The development, manufacture and sale of products using plasma functionalised nanomaterials to primarily address the heating and sensor markets; and
  • The manufacture and sale of proprietary silicon carbide (“SiC”) whisker powders and high wear resistant cutting tools for use primarily in the aerospace and automotive industries.
These activities are explained in more detail in the Annual Report. The first two nanomaterial business activities are based in the UK with a sales presence in Asia. The SiC activities are based in North America with a sales reach into Europe and the far East.

 

David Banks
Chair

 

READ THE 2023 STRATEGIC REPORT

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Financial Performance

£4.3m

REVENUE

(2022: £2.9m)

£1.38m

CASH

(2022: £1.19m)

£2.39m

PROFIT BEFORE TAX

(2022: £1.75m)