Hazer Group (HZR) Q3 2026 TU earnings summary

Executive summary

• Accelerated commercialisation with global partnerships, including a completed Process Design Package (PDP) with KBR for large-scale deployment.

• First graphite offtake agreement and non-binding LOI signed, validating decarbonisation potential in steelmaking and targeting supply for a new low-emissions steel mill.

• Achieved independent qualification for graphite use in concrete and asphalt, opening access to infrastructure markets.

• Expanded commercial pipeline with multiple project opportunities in Australia and internationally.

• Maintained strong funding position with reduced cash burn quarter-on-quarter.

Financial highlights

• Market capitalisation at A$114M as of 20 April 2026.

• Cash and cash equivalents at quarter end: $12.9 million; A$15.3m funding position.

• Net operating cash outflows for the quarter: $2.0 million, reflecting ongoing cost control.

• 15–16% reduction in cash burn quarter-on-quarter.

• A$0.5M ARENA grant unlocked, with further grant funding to be earned.

Outlook and guidance

• Positioned for value creation with multiple projects expected to expand revenue base in 2026.

• PDP completion positions technology for near-term licensing and long-term industrial deployments.

• Canada project advancing toward execution, with commercial structure being finalised and further updates expected.

• Strategic focus on licensing, partnerships, and joint ventures to accelerate market entry.

• Ongoing pursuit of new federal and state government grant opportunities.