Hazer Group (HZR) Q2 2026 TU earnings summary

Executive summary

• Accelerated commercialisation with global partnerships, notably KBR, advancing scale-up and licensing of methane pyrolysis technology for clean hydrogen and graphite production, with the first revenue-generating project in the UK.

• Strategic alliances with KBR, M Resources, and POSCO to advance clean hydrogen and graphite applications in steelmaking and industrial sectors, including Whyalla and POSCO collaborations.

• Graphite monetisation strategy advanced, targeting large industrial markets and validated by testing with major partners.

• Strong government engagement and policy support for methane pyrolysis and clean hydrogen pathways, with regulatory recognition increasing.

Financial highlights

• Cash and cash equivalents at 31 December 2025 totaled A$17.2 million, bolstered by a A$4.6 million R&D rebate and A$1.1 million capital raise.

• Net operating cash inflow of A$2.2 million for the quarter, with cash burn reduced by 30% quarter-on-quarter and 40% year-on-year.

• Active global sales pipeline with 51 leads, including 5 new leads added during the quarter.

• Additional grant funds and revenues from Canada and the UK expected to increase as projects mature.

Outlook and guidance

• Positioned for a pivotal year in 2026, with a robust funding position and expanding commercial pipeline.

• Focused on converting pipeline opportunities into licenses and advancing projects to FID-ready status, targeting multiple license agreements in the next five years.

• Monetisation of graphite expected to provide a second earnings stream, with near-term updates anticipated on partnerships and project milestones.