First-half revenue rises sharply at Haydale

(Sharecast News) - Haydale said on Wednesday that its first-half revenue rose sharply following its restructuring and the acquisition of SaveMoneyCutCarbon, as the advanced materials group continued its shift towards clean-technology and sustainability solutions.

Revenue for the six months ended 31 March increased 463% to �2.25m, from �0.4m a year earlier, while gross profit rose 325% to �0.85m.

Gross margin fell to 37.9% from 50.9%, reflecting the broader mix of programme delivery, installation and service revenue added through SMCC.

The AIM-traded firm said its adjusted operating loss widened to �1.16m from �0.68m, while the loss before tax was �2.57m.

Cash at period end stood at �3.36m, following the group's January fundraise, and net assets increased to �14.68m from �1.3m at 30 September.

Haydale said integration of SMCC was largely complete, with about �0.3m of back-office annual savings achieved after the period ended.

The acquisition gave the group customer access, programme delivery capability and an installer network for commercialising its graphene-enabled technologies.

The company said it remained focused on meeting FY26 market expectations of �8.0m of revenue and a �2.5m loss before tax, excluding share-based payments, amortisation of acquired intangibles and exceptional items, and on reaching positive EBITDA within around 12 months of the SMCC acquisition.

Chief executive Simon Turek said the first half marked "an important transition point" as Haydale moved from restructuring into execution, adding that the future value of the business lay in deploying proprietary technologies through scalable customer relationships rather than simply selling graphene as a material.

At 1525 BST, shares in Haydale were flat at 0.32p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate