Business
Final Results
Final Results.
About this update from Directa Plus Plc
[{"type":"text","content":"\n\n3 June 2025\n \n \nDirecta Plus plc\n(\"Directa Plus\", the \"Company\" or the \"Group\")\n \nFinal Results\n \nDirecta Plus (AIM: DCTA), a leading producer and supplier of graphene-based products for use in consumer and industrial markets, announces its final results for the year ended 31 December 2024.\n \nFinancial highlights\n\n\n\n\n· \n\n\nProduct sales and service revenue at €6.66m (2023: €10.53m), impacted by temporary delays in key customer orders and contract awards in the Environmental Remediation and Textiles divisions, as well as the exit from some selected lower-margin contracts\n\n\n\n\n· \n\n\nTotal income (including grants) at €6.83m (2023: €10.86m)\n\n\n\n\n· \n\n\nAdjusted LBITDA* increased by 42% to €3.64m (2023: €2.56m), driven by lower revenues, offset in part by continued cost control and improved production efficiencies\n\n\n\n\n· \n\n\nLoss before tax increased by 25% to €5.37m (2023: €4.31m)\n\n\n\n\n· \n\n\nReported (basic) Loss per share stable at €0.06 (2023: €0.06)\n\n\n\n\n· \n\n\nCash and cash equivalents at year end of €4.98m (2023: €2.39m), significantly strengthened by the capital raise completed in June 2024\n\n\n\n\n· \n\n\nTotal patents granted at year end of 106 (2023: 86)\n \n* Adjusted EBITDA loss represents results from operating activities before tax, interest, depreciation and amortisation, adjusted by one-off expenses, one-off provisions, inventory write-offs, non-recurring legal expenses and onerous contract provision (details in the CFO statement).\n\n\n\n\n \nTarget market progress\nEnvironmental Remediation - 79% of revenue (2023: 69%)\n\n\n\n\n· \n\n\nAcquired a further 49% stake in Setcar taking the Group's holding to 99.95%, following which Directa Plus has appointed a new board and general manager, and has set about significantly improving operational efficiencies within Setcar\n\n\n\n\n· \n\n\nPost period, secured a number of new contract wins and renewals, including a further renewal with FORD Otosan and a new contract signed with MIDIA International\n\n\n\n\n· \n\n\nResumed activities with OMV Petrom for the decontamination of sludges using Grafysorber® and signed a €1.6 million contract extension post period end in April 2025\n\n\n\n\n \nTextiles - 20% of reven...