Full Year Trading Update

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, today provides the following year end trading update ahead of the announcement of its final results for the year to 31 July 2026, which will be released later this calendar year.

Overview

• On track to achieve all milestones in the first year of the three-year Joint Development Agreement ("JDA") with the first Asian Chemical customer, with volumes expected to more than double in FY27 from a relatively small base
• Continued discussions on next steps with the second Asian chemical customer, following a small programme extension in June 2026
• Ongoing engagement with a number of other potential customers to secure further JDAs or material supply contracts, primarily in sensing
• Shareholder consultation process the Company initiated on 26 June 2026 is ongoing following receipt of submissions

Financial overview

• Unaudited revenue of £11.3m, in line with market expectations[1]

o Excluding revenue from licence agreements, unaudited revenues of £1.5m in line with market expectations

• Underlying unaudited adjusted EBITDA of £6.1m and cash at year end of £9.3m, both slightly ahead of market expectations
• Following the reorganisation and reduction in the cost base completed during the financial year, gross cash cost base remains at £0.3m - £0.4m per month (FY25: £0.5m), and we continue to monitor our cost base to assess whether further reductions can be made.

MAR