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Hazer Group Limited (ASX:HZR)

ALERT: Price-sensitive ASX Announcement for HZR
Current share price for HZR : $0.280 -0.05 (-15.15%)+
Announcement
Release
25 Aug 2026 8:09AM
Price at Release
$0.330
Full Release
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Summary
Hazer Group Limited’s Appendix 4E and Annual Report for the Australian financial year ended 30 June 2026 reports continued commercial progress in transitioning from technology developer to commercial technology provider for its methane pyrolysis-based hydrogen and graphite process, despite weaker financial results. Revenue from ordinary activities fell 61% to $3.31 million, mainly because the prior year included $3.8 million of JTSI Lower Carbon Grant income and a higher R&D tax rebate, while the net loss after tax widened 36% to $10.38 million. Operating expenses fell 30% to $10.31 million due to lower consulting, research and employee costs, partly offset by higher non-cash share-based payments of $3.27 million. Net operating cash outflow was $5.24 million, year-end cash and cash equivalents were $10.67 million, and net assets were $10.35 million, with the company also noting $2.3 million of remaining WA government grant milestones yet to be earned. Operationally, Hazer highlighted completion of the commercial-scale Process Design Package with KBR, progress on key projects including FortisBC in Canada, Chubu Electric and Chiyoda in Japan, EnergyPathways in the UK and steel-related opportunities with M Resources and POSCO, alongside significant graphite commercialisation milestones in construction materials, battery-grade purification and pelletisation. The report also notes the incorporation of Hazer Graphite Pte Ltd on 7 November 2025, no dividend, and that the financial statements were audited with an unmodified opinion.
Key Points
  • Appendix 4E and Annual Report cover the year ended 30 June 2026.
  • Revenue from ordinary activities decreased 61% to $3,312,726.
  • Loss after tax increased 36% to $10,377,975.
  • No dividend was declared for FY2026.
  • Total operating expenses decreased 30% to $10,309,332.
  • Share-based payment expense increased to $3,273,575.
  • Net operating cash outflow was $5,243,647.
  • Cash and cash equivalents at 30 June 2026 were $10,669,237.
  • Net assets at 30 June 2026 were $10,351,029.
  • Hazer completed the commercial-scale Process Design Package with KBR.
  • Commercial opportunities progressed with FortisBC in Canada, Chubu Electric and Chiyoda in Japan, and EnergyPathways in the UK.
  • Hazer was selected by M Resources in relation to the Whyalla Steelworks redevelopment proposal.
  • POSCO extended its collaboration with Hazer following graphite testing outcomes.
  • Hazer graphite met Australian infrastructure specifications and relevant international standards for concrete and asphalt applications.
  • Independent testing confirmed Hazer graphite can be upgraded to greater than 99.99% purity for potential battery applications.
  • Hazer executed a binding MoU with Hallett Group for graphite applications in construction and infrastructure markets.
  • Hazer signed a non-binding MoU and graphite offtake Letter of Intent with Green Steel of WA covering up to 85,000 tonnes over 10 years subject to milestones.
  • Hazer maintained a funding position of $13.0 million including cash and remaining WA government grant milestones yet to be earned.
  • Hazer Graphite Pte Ltd became a controlled entity on 7 November 2025.
  • The financial statements were audited and an unmodified opinion was issued.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.