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nanollose Limited (ASX:NC6)

ALERT: Price-sensitive ASX Announcement for NC6
Current share price for NC6 : $0.077 0 (0%)+
Announcement
Release
31 Aug 2026 5:01PM
Price at Release
$0.077
Full Release
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Summary
Nanollose Limited’s Appendix 4E and Annual Report for the Australian financial year ended 30 June 2026 present an audited preliminary final report and shareholder update showing the company remains a pre-revenue advanced biomaterials business focused on commercialising Nullarbor™, its forest-friendly man-made cellulosic fibre made from microbial cellulose, after narrowing its strategic focus away from other product lines; during FY2026 the company completed a fourth pilot spin with Birla Cellulose in India that used 200kg of processed microbial cellulose to produce 580kg of fibre, achieved laboratory-scale process improvements of at least 80% efficiency and removed a production step, advanced washing, dewatering and dissolution work, began onshoring analytical and testing capability to Australia, and decided to build and control a single staged Pilot Facility in Western Australia as its main FY2027 objective, while financially reporting no ordinary revenue in the Appendix 4E, a statutory loss after tax of $2,394,032 versus $1,426,452 in FY2025, net cash used in operations of $1,795,946, year-end cash of $1,332,134, net assets of $1,198,254, net tangible assets per share of 0.29 cents, 408,954,364 shares on issue, no dividend, and a stronger cash position supported by a $311,000 Federal Government R&D Tax Incentive receipt, option exercises and other capital raised, with the accounts audited by RSM Australia Partners and including a going concern material uncertainty given ongoing losses and reliance on future funding.
Key Points
  • Appendix 4E and Annual Report cover the year ended 30 June 2026 and were signed on 31 August 2026.
  • Nanollose Limited is listed on the ASX under code NC6.
  • The company refined its strategy to focus primarily on Nullarbor™ as its flagship commercial pathway.
  • Nullarbor™ is a non-forestry cellulosic fibre feedstock made from microbial cellulose for use in existing lyocell processes.
  • The fourth pilot production spin with Birla Cellulose in India was completed in February 2026.
  • A 200kg batch of processed microbial cellulose produced 580kg of fibre, including Nullarbor-25™ and Nullarbor-30™.
  • Management said the fourth spin validated microbial cellulose as an incremental feedstock without extra pre-processing by Birla.
  • The company reported at least an 80% laboratory-scale process efficiency improvement over the fourth pilot spin.
  • An entire production step was removed from the process, simplifying operations and reducing expected cost complexity.
  • Work progressed on washing, dewatering and dissolution, including successful equipment trials with external suppliers.
  • Nanollose decided to build and control a single Pilot Facility in Western Australia rather than pursue a two-stage partner-backed pathway.
  • Establishing the Pilot Facility is the company’s principal operating objective for FY2027.
  • The Pilot Facility is intended to generate enough pulp for multiple tonnes of Nullarbor™ fibre per month and to support customer engagement.
  • The company commenced onshoring core production, analytics and testing capability into Australia.
  • Danielle Nardini was appointed Operations and Engineering Manager, and further engineering consultants were added after year end.
  • The company continued to position licensing, joint venture or sale as its preferred large-scale commercialisation pathway rather than building full industrial production itself.
  • The company maintained intellectual property across four patent families, with 15 granted patents and 8 registered trademarks noted during the year.
  • The Appendix 4E reported revenues from ordinary activities as unchanged at nil.
  • Loss from ordinary activities after tax attributable to owners rose 68% to $2.394 million.
  • No dividends were paid, declared or recommended for FY2026.
  • Net tangible assets were $1,198,254 and net tangible assets per ordinary security were 0.29 cents.
  • Cash and cash equivalents increased to $1,332,134 at 30 June 2026 from $617,318 a year earlier.
  • Net cash used in operating activities was $1,795,946 for FY2026.
  • The company received $311,000 under the Federal Government Research and Development Tax Incentive during the year.
  • Issued capital rose to $11,284,325 and total equity rose to $1,198,254.
  • Shares on issue increased to 408,954,364 by 30 June 2026.
  • The financial statements were audited by RSM Australia Partners.
  • The auditor highlighted a material uncertainty related to going concern because of losses, operating cash outflows and reliance on future funding.
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.