Hazer Group (HZR) Q4 2026 TU earnings summary

Executive summary

• Completed the process design package (PDP) with KBR, confirming scalability and commercial readiness for hydrogen and graphite production, and accelerating customer engagement and global licensing opportunities.

• Advanced strategic projects and partnerships in Canada (FortisBC), Korea (POSCO), UK (EPP, EnergyPathways), Australia (Whyalla, Hallett), and the Middle East, with strong momentum in steel, graphite, and clean fuels sectors.

• Expanded commercial pipeline to nearly 50 active pursuits across steel, liquid fuels, chemicals, ammonia, and industrial sectors, including new MOUs and offtake agreements.

• Strengthened intellectual property with a key patent granted in Japan, expanding global IP coverage to about 100 patents and applications.

• Maintained a strong funding position and deepened partnerships, especially with KBR, to support commercial execution.

Financial highlights

• Ended the quarter with AUD 13 million ($13.0 million) in cash, including $10.7 million in cash and $2.3 million in pending government grant milestones as of 30 June 2026.

• Operating cash burn remains well under AUD 2 million per quarter, with net outflows of $2.2 million this quarter due to annual insurance premiums.

• Additional R&D rebates and grant funding of AUD 2–3 million expected in the next quarter, extending the financial runway through major milestones.

• No loan facilities or credit standby arrangements in place; no new financing facilities proposed.

• Each license project could generate AUD 50–100 million in revenue, with cash neutrality achievable after three to four projects.

Outlook and guidance

• Focus remains on commercial execution, licensing, and converting graphite qualification into tangible value, with ongoing engagement with major industrial partners and governments.

• Imminent decision expected on the Whyalla steel project; further updates anticipated on Canada and new material opportunities.

• Continued pursuit of new federal and state government grants and investment opportunities.

• Anticipates recurring revenue from upfront fees, royalties, and long-term value creation.