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	Forecast expectations for FY25 to show major growth on FY24	20 May 2024	✗ Missed
	“The Directors therefore anticipate forecast expectations for FY25 to still show major growth on FY24, albeit from the lower starting position.” Result H1 FY25 revenue halved to £1.25m after US exit and restructuring; FY25 group revenue was £2.51m, below FY24's £4.82m. “Group revenue for the 15-month period was £2.51m, of which £0.73m relates to continuing operations in the new Haydale business.”17 Feb 2026 · Final Results
H1 FY25	Asia manufacturing and distribution partnership to close in H1 FY25	20 May 2024	✗ Missed
	“Arrangements with our potential Asia based manufacturing and distribution partner...the Directors expect these to now close in H1 FY25.” Result No later announcement reports a closed Asia partnership; the business was refocused in December 2024 on heating and carbon capture. “The Board has undertaken a comprehensive analysis of the Group's performance to identify products and services with the highest profitability, growth potential, and strategic importance. The Group's highest potential product and service offerings include those for enabling carbon reduction, including its underfloor heating, printed transfers and carbon capture products and related services.”23 Dec 2024 · Business Review and Appointment of CEO “As part of the new strategy, the Group will adopt a more focused and simplified approach, leveraging its leading technology to commercialise these products and services. Furthermore, the strategy will target the most profitable customer segments and geographic regions.”23 Dec 2024 · Business Review and Appointment of CEO
FY25	Achieve improved profitability and cash flow in FY25	2 Dec 2024	✗ Missed
	“contributing to the Group's goal of achieving improved profitability and cash flow in FY25” Also stated 10 Feb 2025 · 13 Mar 2025 · 17 Apr 2025 Result FY25 adjusted operating loss was £4.02m, wider than FY24's £3.16m. “The chosen course of action will significantly reduce overhead costs and operational complexity, contributing to the Group's goal of achieving improved profitability and cash flow in FY25, in order to protect Haydale's core business.”10 Feb 2025 · Haydale US placed into insolvency process “Adjusted operating loss: £4.02m (reflecting transitional cost base during reset).”17 Feb 2026 · Final Results