)
Gelion (GELN) investor relations material
Gelion H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on commercializing proprietary sulfur-based cathode active material (CAM) for next-generation batteries, targeting the $132 billion cathode materials market by 2032 through global collaborations and a capital-light, IP-driven model.
Achieved significant technical and commercial progress, including collaborations with TDK and QinetiQ, successful delivery and prototyping of NES/NEST CAM materials, and grant funding from UK and Australian agencies.
Business units span sulfur battery technology, integrated solutions, and recycling, each advancing on strategic and technological milestones.
Expanded into the U.S. and strengthened presence in the U.K., Australia, and Japan, with ongoing discussions for new strategic partnerships and an expanded advisory panel.
Completed an oversubscribed capital raise of £9.9m–£10.5m in November 2025, strengthening the balance sheet and supporting ongoing R&D and commercialization.
Financial highlights
Total income for H1 FY26 increased to £0.5m from £0.4m in H1 FY25, mainly from higher grant income and project recognition.
Adjusted EBITDA loss improved by 15.8% to £2.4m from £2.9m year-over-year, reflecting cost control, increased grant funding, and reduced OPEX.
Cash and cash equivalents rose to £10.5m at 31 Dec 2025, up from £2.7m at 30 Jun 2025, following the capital raise.
Equipment CapEx increased by £0.9m to support scaling production, with £0.4m covered by grants.
Net assets increased to £16.9m (30 June 2025: £10.0m), driven by the capital raise and investment in technology.
Outlook and guidance
No integration revenue expected in FY26 due to long sales cycles; pipeline maturing for FY27.
Strategic investments planned in FY26 and FY27 to scale CAM manufacturing and expand US presence, leveraging grants and external funding.
Focus on advancing commercial readiness, expanding partnerships, and progressing technical milestones for commercial pouch cells.
Recycling business moving from lab to pilot scale, with revenue expected post-pilot phase.
Fiscal discipline will be maintained while selectively investing in growth opportunities.
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage