Hazer Group (HZR) H1 2026 earnings summary

Executive summary

• Focused on commercialising low-emission hydrogen and graphite production via the Hazer Process, with strong progress in technology validation and commercial partnerships.

• Strategic alliances with KBR and MOUs with M Resources and POSCO Steel are advancing commercialisation and integration into steelmaking and clean hydrogen projects.

• The Commercial Demonstration Project (CDP) confirmed the process's scalability and competitiveness, supporting near-term licensing and scale-up.

Financial highlights

• Revenue for the half-year ended 31 December 2025 was $1,471,060, down from $2,319,722 year-over-year, mainly due to lower R&D rebates and intermittent project engineering services.

• Net loss after tax was $5,045,120, an improvement from a $6,191,528 loss in the prior year, reflecting a lower operating cost base.

• Operating expenditure decreased by 27% to $5,491,387, driven by reduced consulting, research, and employee expenses.

• Net operating cash outflow was $971,490, compared to $2,102,699 in the prior period.

• Cash and cash equivalents at 31 December 2025 were $14,837,670, up from $12,534,265 at 30 June 2025.

Outlook and guidance

• The Process Design Package milestone with KBR is on track for early 2026, supporting commercial scale-up and customer engagement.

• Global demand for low-carbon hydrogen is expected to rise, with the company positioned to benefit from clean ammonia and methanol market growth.

• Ongoing focus on licensing, project pipeline development, and expanding international partnerships.