New Order Intake and Notice of Interim Results

Hardide plc (AIM: HDD), the provider of advanced surface treatment technology, is pleased to announce it has received a further £1.8m of new orders from its large North American energy sector customer, which are expected to be delivered by the end of the current financial year ending 30 September 2026 ("FY26"). This is additional to the Group's existing forecasts such that the Board now anticipates the Group's revenues and financial performance for FY26 will be materially ahead of its previous expectations.

Over recent months, Hardide has successfully scaled output to meet growing demand, enabling it to accommodate additional volume. These new orders will be fulfilled from the Group's Bicester facility in the UK and will be supplied concurrently with those already placed with the US facility, which were announced in December 2025 and February 2026.

The Group has otherwise also continued to trade strongly, and the positive momentum described in the Group's AGM Trading Statement of 24 March 2026 has continued.

The Board continues to monitor energy costs and broader cost pressures and is mindful of the wider macroeconomic backdrop. The Group is experiencing an increase in input costs, particularly the cost of tungsten gas, being the principal raw material used in the production of its coatings, due to rising demand from the defence sector and export restrictions from China. Energy costs remain modest, at around 3% of revenues, with roughly half fixed through to the end of the calendar year. Aggregate additional input costs are expected to amount to approximately £0.7m in the second half of the financial year. The Group are mitigating this through a combination of selling price surcharges and internal operational efficiencies and are continuing to work closely with customers in managing these pressures.

Notice of Interim Results

Hardide expects to announce its interim results for the 6 months ending 31 March 2026 on Thursday 21 May 2026.