Hardide (HDD): Medium-term revenue doubling target

This situation live

HDD Hardide

£84m · 119.5p · +1515% since the first step

22 Oct 2025 · FY25 revenue £6.0m vs £10m+ target · +31% until the next step The Board remains highly focused on delivering its medium-term objective to double revenues from FY24 levels to at least £10m over the next few years, leveraging existing spare capacity to drive signi

1 Dec 2025 · FY26 orders boost path to £10m+ · +73% until the next step It also brings us an important step closer to achieving our strategic milestone of more than doubling FY24's revenues to over £10m as soon as possible, leveraging existing spare capacity to generate a

22 Jan 2026 · Q1 FY26 revenue up almost 40%; target reiterated · +89% until the next step Our first strategic milestone is to at least double revenues from 2024 levels to £10m and beyond as soon as possible, leveraging the potential for significant margin and profit improvement through uti

26 Feb 2026 · First milestone now expected ahead of target in FY26 · +2% until the next step This should enable Hardide to achieve its first strategic milestone of at least doubling financial year 2024 revenues, ahead of target, during the current financial year and enable us to leverage the

24 Mar 2026 · H1 FY26 revenue up over 50% · +24% until the next step we expect revenues for the first half year ending 31 March 2026 ("H1 FY26") to be approximately £4.5m, representing an increase of over 50% to the comparative period last year (H1 2025: £2.8m).

21 May 2026 · On track to exceed doubling ahead of schedule · +45% until the next step is on track to exceed its strategic milestone of doubling revenues from the FY24 baseline ahead of the original timeframe.

27 May 2026 · FY26 expectations materially improved · +72% until the next step This will have the effect of materially improving revenue and overall financial performance expectations for FY26.

22 Jul 2026 · Doubling now due in FY26; new ambition set · +16% since The momentum and trajectory of the business mean that the Board now expects to achieve its first objective to double its revenues in the current financial year, well ahead of the original schedule.

Segment turn

Medium-term revenue doubling target

Doubling now due in FY26; new ambition set

Next: Deliver doubled revenue in FY26; full-year results

Every step · 8

22 Oct 2025 FY25 revenue £6.0m vs £10m+ target – The Board remains highly focused on delivering its medium-term objective to double revenues from FY24 levels to at least £10m over the next few years,... ↗
1 Dec 2025 FY26 orders boost path to £10m+ – It also brings us an important step closer to achieving our strategic milestone of more than doubling FY24's revenues to over £10m as soon as possible,... ↗
22 Jan 2026 Q1 FY26 revenue up almost 40%; target reiterated – Our first strategic milestone is to at least double revenues from 2024 levels to £10m and beyond as soon as possible, leveraging the potential for... ↗
26 Feb 2026 First milestone now expected ahead of target in FY26 – This should enable Hardide to achieve its first strategic milestone of at least doubling financial year 2024 revenues, ahead of target, during the current... ↗
24 Mar 2026 H1 FY26 revenue up over 50% – we expect revenues for the first half year ending 31 March 2026 ("H1 FY26") to be approximately £4.5m, representing an increase of over 50% to the... ↗
21 May 2026 On track to exceed doubling ahead of schedule – is on track to exceed its strategic milestone of doubling revenues from the FY24 baseline ahead of the original timeframe. ↗
27 May 2026 FY26 expectations materially improved – This will have the effect of materially improving revenue and overall financial performance expectations for FY26. ↗
22 Jul 2026 Doubling now due in FY26; new ambition set – The momentum and trajectory of the business mean that the Board now expects to achieve its first objective to double its revenues in the current financial... ↗

What is happening

Hardide: Medium-term revenue doubling target – Doubling now due in FY26; new ambition set. ['Doubling now due in FY26; new ambition set']

In short: The aim is to double revenue from the FY24 baseline; the Board said on 21 May 2026 it would beat the milestone early, and on 27 May 2026 improved FY26 expectations. On 22 July 2026 it said it expects to double revenue in FY26 and set an ambition to more than double again over 2-3 years. FY26 expectations are raised again.
Announced: 22 Oct 2025 · FY25 revenue £6.0m vs £10m+ target
Latest: 22 Jul 2026 · Doubling now due in FY26; new ambition set
H1 revenue: £4.8m vs £2.8m in H1 2025, +71% (24 March flagged approx. £4.5m)
H1 EBITDA: £1.6m vs £0.4m; operating margin 26.8%
Capacity: around £20m annual revenue after Martinsville upgrade without significant further investment
Q3 revenue: £4.1m for the quarter to 30 June 2026; £8.9m year to date
Previous FY26 expectations: Revenue £13.4m and EBITDA £4.3m; now expected to be materially exceeded
New ambition: More than double annual revenues again over the next 2-3 years
Margin drivers: Input cost management, operational efficiencies, lower than expected investment requirement
Growth sources: Diversified customers, key accounts, Middle East, semi-conductors

What comes next

Deliver doubled revenue in FY26; full-year results.

From the company's own announcements. Not investment advice.

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Also at Hardide 1 open

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