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 2024 (FY24).
During the year the Company continued to focus its activities within its two key product areas, namely functionalised nano-materials and silicon carbide advanced tooling. Within each, focus has been absolute in terms of pursuit of projects capable of yielding commercial scale revenues for Haydale in the shortest possible timeframe. In the letter to shareholders at the time of the recent fundraising, we explained that because progress had been slower than anticipated, the reconstituted board would undertake a full and rigorous review of all aspects of the business with a view to reprioritising those areas offering up near term profit enhancement and positive cash generation, whilst continuing to pursue the most commercially attractive longer term strategic options. This review is now underway."
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; 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.
Gareth Kaminski-Cook
Chair
Financial Performance
£4.82m
REVENUE
(2023: £4.3m)
£1.72m
CASH
(2023: £1.38m)
£2.81m
PROFIT BEFORE TAX
(2023: £2.39m)
