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
- 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.
David Banks
Chair
Financial Performance
£4.3m
REVENUE
(2022: £2.9m)
£1.38m
CASH
(2022: £1.19m)
£2.39m
PROFIT BEFORE TAX
(2022: £1.75m)
