Corporate News

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

 

Structural reset complete & inflection in revenue visibility, execution capacity and route-to-market strength

 

Download The full results are available to download in PDF format

 

Haydale (AIM: HAYD), the advanced materials and clean-technology group, announces its audited results for the 15-month period ended 30 September 2025 (“FY25”), a period that completed the strategic reset of the business and positioned the enlarged Group for scaled commercial execution following the acquisition of Intelligent Resource Management Limited (trading as SaveMoneyCutCarbon) (“SMCC”) in January 2026.
FY25 reflects the deliberate wind-down of legacy overseas operations. The post-period acquisition of SMCC and subsequent commercial acceleration mark a structural inflection in revenue visibility, execution capacity and route-to-market strength.

Structural Improvement in Revenue Visibility in FY26

• The successful integration of SMCC has materially enhanced revenue visibility and execution capacity, as demonstrated by the enlarged Group now having fully contracted revenues across the enlarged Group which provide over 100% coverage of the Board’s H1 FY26 revenue expectations. In addition, a broader qualified partner-led pipeline extends materially into H2 and beyond. This acceleration would not have been achievable by Haydale on a standalone basis.
• Multi-year programmes secured with SMCC Impact Partners and JustHeat customers underpin repeatable revenue streams extending beyond the current financial year.

Financial Highlights (FY25 – Reset Period)

• Group revenue: £2.51m (reflecting deliberate discontinuation of legacy operations).
• Continuing operations gross margin: 63% (Group gross margin: 57%), demonstrating pricing resilience through restructuring.
• Adjusted operating loss: £4.02m (reflecting transitional cost base during reset).
• £5.75m gross fundraise completed post period end with new and existing institutional shareholders participating alongside SMCC acquisition.

Enlarged Group fully funded for FY26 execution phase, with existing cash resources and facilities expected to provide sufficient liquidity through to anticipated EBITDA breakeven in Q1 FY27.

Operational Highlights: Structural Reset Completed

• Exit from loss-making overseas operations and non-core activities, including divestment of US silicon carbide tooling operations.
• Consolidation of UK activities into a simplified, lower-cost operating structure with a material reduction in fixed cost base and simplification of operational footprint.
• Balance sheet materially de-risked through removal of overseas leases, pension and legacy intangible exposures.
• New strategy focussed on using our proprietary HDPlas® platform technology to develop patented graphene-enabled products that deliver measurable energy, water and carbon savings.
• These products are deployed through an integrated commercial model that combines in-house product development with established customer access, delivery capability and Impact Partner relationships achieved through the post period end acquisition of SaveMoneyCutCarbon.

Transition to a Scalable Product-Led Platform

• JustHeat™ certified (CE and UL) and transitioned from prototype to commercial deployment within six months.
• Launch of graphene-enhanced Super-Efficient Thermal Transfer Fluid, now in commercial trials.
• Strategic commercial arrangements providing routes to market for JustHeat secured with Interfloor and NMC.
• Continuing operations now represent a structurally new revenue base, with unproductive legacy customer relationships discontinued.

Embedded Route to Market Secured (Post Period End)

• Acquisition of SMCC in January 2026, establishing an integrated B2B delivery platform.  SMCC operates a partner-funded customer acquisition model, generating pre-qualified demand through long-term Impact Partner agreements with major UK banks and utilities. This materially reduces customer acquisition cost, shortens sales cycles and embeds Haydale’s proprietary products within compliance-driven procurement frameworks.
• The enlarged Group now operates through an integrated production, commercial delivery and platform oversight structure designed to support scalable execution comprising:
• Production & Innovation: centred in Ammanford and underpinned by our proprietary HDPlas® functionalisation capability;
• Go-to-Market: centred in Bury St Edmunds and delivered through SMCC’s national sales, programme management and accredited installer network embedded within its Impact Partner Programme; and
• Platform Acceleration: ensuring disciplined governance, capital allocation and KPI-driven execution across the enlarged Group.
• Since completion, JustHeat has been integrated into SMCC’s curated product suite and is now presented alongside SMCC’s broader energy, water and carbon efficiency solutions as part of a unified decarbonisation offering to customers. This has expanded the scope of existing commercial partnerships and increased both the volume and quality of pipeline opportunities.
• The acquisition converts JustHeat from a product seeking distribution into a solution embedded within funded, partner-led programmes.

Commenting on the results Gareth Kaminski-Cook, Non-Executive Chair, said:
“FY25 was a decisive reset. We removed structural loss-making operations, simplified the business and rebuilt Haydale around scalable, proprietary products.
The acquisition of SMCC marks the completion of that reset and the start of scaled commercial execution. The enlarged Group now combines certified graphene-enabled products with a national sales and delivery engine and embedded routes to market. This alignment of proprietary product, embedded route to market and installer delivery capability materially changes the commercial profile of the business. Multi-year programmes secured with SMCC Impact Partners and JustHeat customers underpin repeatable revenue streams extending beyond the current financial year.
The Board’s focus is disciplined execution and margin integrity. On this basis, we expect to deliver positive EBITDA within 12 months of the SMCC acquisition.”

Commenting on the results Simon Turek, Chief Executive, said:
“The enlarged Haydale is structurally simpler, commercially aligned and execution focused. JustHeat is now embedded within a national, partner-led delivery model that materially improves customer acquisition efficiency and revenue visibility. Integration of SMCC has materially enhanced revenue visibility and execution capacity, as demonstrated by the enlarged Group now having fully contracted revenues across the enlarged Group which provide over 100% coverage of the Board’s H1 FY26 revenue expectations, significantly enhancing near-term visibility whilst contracted revenue and pipeline opportunities extend into H2 and beyond. This represents a structural improvement in revenue visibility and provides early evidence that the enlarged Group’s commercial model is scaling as intended.
FY26 represents the first full year of scaled commercial execution, and our focus is upon continuing the rapid integration of SMCC, along with disciplined delivery, margin integrity and conversion of pipeline into revenue. The historical disconnect between innovation and commercial deployment has now been structurally resolved.”

 

For further information:

Haydale Graphene Industries plc
Gareth Kaminski Cook, Non-Executive Chair Simon Turek, CEO Patrick Carter, CFO	Tel: +44 (0) 1269 842 946
	www.haydale.com
Cavendish Capital Markets Limited (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley, Corporate Finance Andrew Burdis, ECM	Tel: +44 (0) 20 7220 0500

Notes to Editors

Haydale plc is an advanced materials and clean-technology company focused on the development and deployment of energy- and water-efficient technologies at scale.

The Group leverages its proprietary HDPlas® platform technology to develop patented graphene-enabled products that deliver measurable energy, water and carbon savings. These products are deployed through an integrated commercial model that combines in-house product development with established customer access, delivery capability and Impact Partner relationships.

SaveMoneyCutCarbon is the Group’s embedded B2B go-to-market platform, operating a national sales, programme management and installer network. Through its Impact Partner Programme, SMCC originates pre-qualified SME and corporate demand via long-term agreements with UK banks and utilities. This partner-funded acquisition model provides scalable, low-cost customer origination and recurring programme revenue.

Haydale's strategy is focused on accelerating the deployment of cost-effective decarbonisation solutions across the UK's built environment, while building a scalable platform for wider international deployment through strategic partners. The Group is execution-led and product-focused, translating advanced materials science into commercially deployable products and solutions that deliver measurable energy, water and carbon savings.

For more information please visit: www.haydale.com

Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions.  These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities.  Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company.  Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.  Accordingly, readers are cautioned not to place undue reliance on forward looking statements.  Subject to any continuing obligations under applicable law or any relevant AIM Rule requirements, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.