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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain

Haydale (AIM: HAYD), the advanced materials and clean-technology group, announces its unaudited interim results for the six months ended 31 March 2026 (the 'Period' or 'H1 FY26').

Download The full results are available to download in PDF format

Financial Highlights for the Period

These results include the period between completing the Haydale restructuring, the acquisition of SMCC and approximately one full quarter as a combined Group with integration largely complete.  The H1 FY25 comparative represents continuing Haydale operations albeit under a different business model and has been restated following the extended FY25 reporting period to reflect the directly comparative period for the prior year. 

• Revenues increased by 463% to £2.25 million (H1 FY25 £0.40m million), reflecting the first contribution from the enlarged Group and the emergence of a materially different Haydale revenue base.
• Gross profit increased by 325% to £0.85 million (H1 FY25 £0.20 million).
• Gross margin of 37.9% (H1 FY25 50.9%), reflecting the broader programme delivery, installation and service revenue mix introduced through SMCC.
• Adjusted administrative expenses of £2.14 million (H1 FY25: £1.03 million), reflecting the inclusion of one quarter of SMCC operating costs, partially offset by the continued reduction in the legacy Haydale cost base.  A further c. £0.3 million of back-office integration savings achieved post-period end.
• Adjusted operating loss of £1.16 million (H1 FY25 £0.68 million), reflecting investment in platform execution and the enlarged Group operating structure.
• Net assets increased to £14.64 million (30 September 2025: £1.30 million), including £8.57 million of goodwill and £3.36 million of intangible assets recognised on the acquisition of SMCC.
• Cash at Period end of £3.36 million (30 September 2025: £1.68 million), following the successful January 2026 fundraise.
• The Board remains focused on delivering current FY26 market expectations* and achieving positive EBITDA within c.12 months of the SMCC acquisition, supported by the enlarged contracted order book, a full H2 contribution from SMCC, Impact Partner-led activity and continued cost discipline. 

Period Operational Highlights 

• Completion of the strategic repositioning of Haydale into a clean-technology and sustainability solutions group focused on improving the energy, water and carbon performance of buildings.
• Transformation of the Group's financial and operational position through the January 2026 fundraise and acquisition of SMCC, creating a materially broader platform from which to execute the Group's growth strategy.
• Integration of SaveMoneyCutCarbon ("SMCC"), now providing the Group with customer access, programme delivery capability, a national installer network and an operating platform through which Haydale's proprietary graphene-based technologies can be commercialised.
• Launched an integrated subscription model across SMCC operations and JustHeat® product deployments, supported by a Strategic Platform Partnership Agreement with Quidos Technologies Limited.
• Continued development of the proprietary JustHeat® platform, including production, installation, cost-base and technical optimisation.
• Secured an important step in the recognition of JustHeat® within the UK's building energy performance framework. From July 2026, JustHeat® installations will, for the first time, be capable of being assessed favourably within the EPC calculation.
• Expansion of the Group's proprietary technology portfolio through the Super-Efficient Thermal Transfer Fluid, a graphene-enabled cooling-fluid technology targeting high-performance-computing and other industrial applications where heat dissipation, energy efficiency and system resilience are becoming critical constraints.
• Established a scalable platform model combining proprietary graphene-enabled technologies, with SMCC's customer access, programme delivery capability, and Impact Partner relationships. 

Post-Period Operational Highlights 

• Expanded SMCC's water-efficiency platform through a multi-year framework agreement and exclusivity arrangement with Wave Utilities, under which SMCC has been appointed as Wave's exclusive external delivery partner for water efficiency audits and secured a right of first refusal on the delivery of funded water efficiency projects.
• Expanded the Impact Partner model through Lloyds Banking Group confirming its intention to proceed to a national roll-out across its SME & Mid Corporates customer base, following a successful regional pilot launched in November 2025.
• Expanded the SMCC E-Mobility proposition through appointment as an ABB E-mobility Platinum Partner, enabling the Group to offer DC electric vehicle charging infrastructure and associated service packages as part of SMCC's wider energy, water and carbon reduction platform. 

Commenting on the interim results, Simon Turek, Chief Executive Officer of Haydale, said: 

"The first half of FY26 marks an important transition point for Haydale, as the Group moved from restructuring into execution.

Over the past eighteen months we have fundamentally repositioned the Group. We have simplified the business, exited non-core activities, acquired SMCC and built a platform focused on improving the energy, water and carbon performance of buildings.

Revenue for the Period was £2.3 million, in line with the Board's internal budget for H1 FY26 and consistent with the management information underpinning the Group's FY26 plan. This is an important milestone for the enlarged Group and demonstrates the strategic rationale for the SMCC acquisition in action.

SMCC was acquired to transform how Haydale originates commercial opportunity. Since acquisition, Impact Partners have become a meaningful new channel for the Group, accounting for approximately one-third of active opportunities. Importantly, Impact Partner-sourced opportunities are, on average, approximately five times larger than direct-originated opportunities, at around £150,000 per opportunity.

During the Period we continued to develop the JustHeat® platform, including production and cost-base optimisation and expansion of the product range to address new market opportunities. JustHeat® has faced headwinds from its historic treatment under the UK's building energy performance (EPC) framework, but the Group has secured an important step towards improved recognition within that framework. Subject to final implementation, this is expected to allow JustHeat® installations to be assessed more favourably within the EPC calculation from July 2026.

The Super-Efficient Thermal Transfer Fluid is undergoing testing in data-centre cooling applications. Data to date indicates the potential to address a material efficiency penalty in conventional glycol-based cooling systems, at a time when AI, high-performance-computing and industrial processes are placing ever greater demands on cooling capacity, energy efficiency and infrastructure resilience. If successfully validated through customer trials and qualification processes, the Board believes this technology has the potential to become a major new pillar of the Group's commercial platform alongside JustHeat®.

The future value of Haydale lies not simply in selling graphene as a functionalised material, but in deploying proprietary technologies through scalable customer relationships where we can participate in the downstream economics. We remain focused on delivering current FY26 market expectations, scaling the platform and converting customer access into repeatable revenues and long-term shareholder value".

^***For the purpose of this announcement, the Group believes market expectation for FY26 to be revenue of £8.0m, and loss before tax of £2.5m (excluding share-based payments, amortisation of acquired intangible assets and exceptional items).

 

For further information:

Haydale Graphene Industries plc
Simon Turek, CEO Patrick Carter, CFO	Tel: +44 (0) 1269 842 946
	www.haydale.com
Cavendish (Nominated Adviser & Broker)
Julian Blunt/Edward Whiley/Trisyia Jamaludin, Corporate Finance Andrew Burdis, Corporate Broking	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's mission is to improve the energy, water and carbon performance of one million buildings.

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 combining product innovation, customer access, delivery capability and Impact Partner relationships.

SaveMoneyCutCarbon operates as the Group's embedded B2B go-to-market platform, providing a national sales, programme management and installer network capability. Through its Impact Partner Programme, SMCC originates pre-qualified demand via long-term agreements with UK banks and utilities.

Haydale's strategy is focused on scaling the deployment of cost-effective decarbonisation solutions across the built environment, supported by measurable outcomes and financing structures that enable adoption.

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.