Hazer Group Ltd has reported its results for the half-year ended 31 December 2025, outlining progress across commercial, operational and financial activities.
In a media release, the Perth-based company said it delivered a “strong start” to FY26, highlighting advancements in partnerships, project development and cost management.
Among the corporate developments, engineering firm KBR Inc. launched a global marketing and licensing campaign for Hazer’s technology and advanced large-scale commercial Process Design Package (PDP).
Hazer also secured its first joint project under the Hazer-KBR alliance, partnering with UK Government-backed EnergyPathways plc, which the company said generated the first revenues from the collaboration.
Hazer was selected by M Resources for its Whyalla clean steel bid and extended its strategic partnership with POSCO following what it described as successful graphite testing results.
The company added that it progressed graphite market development through non-binding agreements with several prospective clients across industrial sectors seeking emissions reductions.
For the half year, Hazer reported a funding position of $17.2 million, comprising $14.8 million in cash and $2.4 million in grant funds, compared with $12.5 million in cash at the end of FY25.
Revenue for the first six months of FY26 totalled $1.5 million, attributed to an R&D tax refund and two paid project studies. Operating costs were reduced by 27 per cent, which the company said reflected a leaner cost base and a focus on commercialisation.
Chief executive officer and managing director Glenn Corrie said the first half was defined by execution against Hazer’s commercial strategy while maintaining a solid funding position.
“During the period we progressed multiple customer engagements, secured the first joint project under our KBR alliance, and continued to position Hazer’s technology within strategic industrial developments such as Whyalla,” Corrie said.
“Demand for low-emissions hydrogen and graphite continues to build, and FY26 is focused on converting this growing pipeline into licence agreements and supporting customers as projects advance toward investment decisions.”
Corrie added that with the Process Design Package nearing completion, an expanding partnership base and a strong cash position, the company was entering the second half of FY26 “well placed to deliver key commercial milestones across both hydrogen and graphite.”
Looking ahead, Hazer said its priorities for the remainder of FY26 include converting its project pipeline into licence agreements, completing the PDP in early 2026 to support commercial scale-up and feasibility studies, advancing key projects through Front-End Engineering Design towards Final Investment Decision, and progressing strategic partnerships and offtake opportunities for its graphite.
The company also said it would explore new strategic partnerships and demand sectors, including power generation, data centres and liquid fuels, as part of efforts to unlock further growth.
The content of this article is based on information supplied by Hazer Group Ltd. For more information, please refer to the official company announcement and communications from Hazer. Please consult a licensed and/or registered professional in this area before making any decisions based on the content of this article.
