Nanoco Group

NANO · Main Market · Technology · mcap £4.5m · 2.7p

Nanoco makes quantum dot and infra-red sensing nanomaterials for electronics at its Runcorn site, earning revenue from development agreements, material sales and patent licences. It also enforces its patents through litigation.

Target	Promise	Said	Status
2024
FY24	Add a further global electronics supply chain customer in FY24	17 Oct 2023	✗ Missed
	“with the goal of adding a further global electronics supply chain customer in FY24” Result No new customer announced in FY24; a European customer terminated orders in August 2024. A new Asian chemical JDA came only in April 2025. “Following further dialogue with the European customer, the Group now no longer expects to receive further orders for its first generation sensing materials. In addition, the European customer has served notice on the Group's two year Joint Development Agreement for second generation sensing materials that was previously announced in January 2024.”30 Aug 2024 · Commercial Update
2025
FY25	Return surplus cash to shareholders during FY25, starting after FY24 results	3 Oct 2024	✗ Missed
	“the Board has committed to a return of surplus cash to shareholders during the course of FY25” Also stated 28 Oct 2024 · 20 Nov 2024 Result No further cash return reported in FY25; the CDX sale process ended January 2026 and cash fell to £9.3m by July 2026. “Shareholder consultation process the Company initiated on 26 June 2026 is ongoing following receipt of submissions”19 Aug 2026 · Full Year Trading Update
2026
19 Jun 2026	Delist from London Stock Exchange and re-register as private company, subject to shareholder vote on 19 June 2026	27 May 2026	✗ Missed · target changed
	“with a view to being break even in the medium term” Result General Meeting adjourned sine die on 19 June 2026 after shareholder liquidity concerns; Sodali consultation appointed. “the General Meeting originally scheduled for 10:30am this morning has been adjourned sine die”19 Jun 2026 · Adjournment of General Meeting
Today · 13 Oct 2026
2028
2028	Scale Asian chemical customer's infra-red/quantum dot material to production; production orders anticipated in 2028 if successful	7 Nov 2023	✗ Missed · target changed
	“the subsequent stage will involve scale up to industrial production levels during 2026 and 2027” Also stated 4 Nov 2025 Result Timetable slipped from 2026-27 to production orders anticipated in 2028 after a three-year JDA extension in November 2025. “If successful, the customer anticipates production level orders will be rolled out in 2028.”4 Nov 2025 · Extension of Joint Development Agreement