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Alpha HPA (A4N) investor relations material
Alpha HPA Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Major progress on HPA First Project Stage 2, with significant civil works and equipment deliveries underway.
Stage 1 production fully utilised, with expansion options being considered to meet strong demand.
Product marketing focused on semiconductor sector, with three new LOIs signed and over 430 test and sales orders since May 2024.
Alpha Sapphire continues to secure sales and qualification orders in optics and semiconductor markets.
$30M in corporate funding secured from QIC Critical Minerals and Battery Technology Fund.
Financial highlights
Receipts from customers totaled $118,000 for the quarter.
Net cash used in operating activities was $(9.2) million.
Net cash used in investing activities was $(41.1) million, mainly for property, plant, and equipment.
Cash and cash equivalents at quarter end were $51.8 million, down from $102.3 million at the start of the quarter.
Weighted average unit price for product sales (excluding sapphire wafers) was $27.63 USD.
Outlook and guidance
Internal demand model projects +8,000t HPA thermal filler demand for AI data centers by 2030.
Stage 1 supply contracts under negotiation for ~80% of ATH and HPA capacity for CY26.
Stage 1 production expansion being engineered to meet CY26-27 demand.
Nano-alumina slurry development for CMP expected to complete by December 2025, with high-volume manufacturing to start March 2026.
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