Haydale Graphene Industries

HAYD · AIM · Basic Resources · mcap £22m · 0.2p

Haydale makes plasma-treated graphene and other nanomaterials, and sells the JustHeat graphene underfloor heating system and a graphene heat-transfer fluid. Since January 2026 it also runs the SaveMoneyCutCarbon platform, which sells energy, water and carbon-saving services to small businesses.

Target	Promise	Said	Status
2025
FY25	Exit US business to eliminate its operating losses and overheads in FY25	23 Dec 2024	✓ Kept
	“Substantial cost savings in FY25 would be realised through the elimination of ongoing operating losses and associated overheads in the US business” Result US subsidiary entered Chapter 11 in February 2025 and was sold at auction in April 2025 for about $680,000. “Substantial cost savings in FY25 will be realised through the elimination of ongoing operating losses and associated overheads in the US business.”10 Feb 2025 · Haydale US placed into insolvency process
end of FY25	55% headcount reduction and 60% overhead reduction on full-year basis by end of FY25	13 Mar 2025	✓ Kept
	“55% reduction in headcount across the Group (UK: 33%), significantly lowering personnel costs; and 60% reduction in ongoing overheads across the Group (UK: 46%)” Result February 2026 results describe the structural reset as complete; June 2025 and September 2025 updates cite a 70% cost reduction versus FY24. 17 Feb 2026 · Final Results
end of FY25	Reduce monthly run-rate costs to about £200,000 by end of FY25	12 Jun 2025	✓ Kept
	“Haydale remains on track to reduce monthly run-rate costs to approximately £200,000 by the end of FY25” Result September 2025 update: monthly run-rate cost reduced below £200,000, a 70% cut from FY24 overhead of c.£667k. “Haydale achieved monthly run-rate costs reduction below £200,000 by the end of FY25. This represents a 70% reduction from FY24 overhead run rates.”11 Sep 2025 · Strategic Collaboration and Trading Update
2026
H1 FY26	Contracted revenues to cover over 100% of H1 FY26 revenue expectations	17 Feb 2026	✓ Kept
	“fully contracted revenues across the enlarged Group which provide over 100% coverage of the Board's H1 FY26 revenue expectations” Result H1 FY26 revenue of £2.25m was in line with the Board's internal budget. “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.”24 Jun 2026 · Half-year Results “Revenue increased to £2.25 million compared with £0.40 million from continuing operations in the same period for FY25, reflecting the first contribution from the enlarged Group and the emergence of the new Haydale revenue base.”24 Jun 2026 · Half-year Results