• KBR commenced global promotion of Hazer Technology, securing first alliance deal
• Hazer technology selected for Whyalla clean steel bid, enabling low-carbon steelmaking
• POSCO partnership extended to deliver green steel in Korea

Hazer Group Limited (ASX: HZR) reported on its activities and cashflow for the quarter ended 31 December 2025. Highlights included KBR commencing active global promotion of the Hazer Technology, targeting energy, ammonia, methanol, refining and industrial markets, while advancing large-scale commercial plant design. The company also secured its first Hazer-KBR alliance deal with the UK government backed EnergyPathways MESH project, delivering the first revenue generating outcome under the alliance. Hazer's technology was selected for the Whyalla clean steel bid in collaboration with M Resources, positioning Hazer as a key clean hydrogen enabler for a low-carbon steelmaking hub in South Australia. The company's partnership with POSCO was extended, advancing integration of Hazer Technology into low-carbon steelmaking in Korea following successful graphite testing results. Hazer also progressed its graphite market development, with testing indicating suitability in cement and other industrial applications seeking emissions reducing solutions. The company maintained a robust funding position of A$17.2 million, strengthened by R&D refunds and a capital raise. Hazer engaged extensively with governments, strengthening alignment with decarbonisation funding programs and increasing recognition of methane pyrolysis as a viable low-emissions hydrogen pathway.

Entering 2026, Hazer is positioned for a pivotal year, supported by a strong funding position, world-class partners and a rapidly expanding pipeline of opportunities that underpin the company's next phase of commercialization.