Key points
- Revenues from ordinary activities decreased by 61% to $3,312,726
- Loss from ordinary activities after tax increased by 36% to $10,377,975
- Completed commercial-scale Process Design Package with KBR
- Progressed multiple commercial projects globally
- Achieved battery-grade graphite milestone
Full summary
HAZER Group Ltd reported a significant decrease in revenues from ordinary activities by 61% to $3,312,726 for the year ended 30 June 2026, compared to the previous year. The loss from ordinary activities after tax increased by 36% to $10,377,975. Despite these financial challenges, the company achieved several key milestones, including the completion of a commercial-scale Process Design Package (PDP) jointly developed with KBR. The PDP represents a critical step in Hazer's commercialisation strategy, providing a scalable engineering design for large-scale implementation of the Hazer Process. The company also progressed multiple commercial projects globally, including the FortisBC Project in Canada, the Whyalla Steelworks redevelopment in South Australia, and the Marram Energy Storage Hub in the United Kingdom. Additionally, Hazer achieved a battery-grade graphite milestone, confirming that its graphite can be upgraded to greater than 99.99% purity for potential higher-value battery applications.
Outlook
The company is optimistic about the increasing commercial momentum across both hydrogen and graphite, with a differentiated technology platform, strong strategic partnerships, and expanding opportunities to monetize both hydrogen and graphite.