Business
Full Year Trading Update & Director Retirement
Nanoco Group PLC's full-year trading update for the year ending July 31, 2025, reveals unaudited revenues of £7.6 million, exceeding market forecasts of £7.2 million due to additional services and product revenue (£0.1 million) and accelerated Samsung licence revenue (£0.3 million). Underlying unaudited adjusted EBITDA is also moderately ahead of expectations. Year-end cash stands at £14.0 million, surpassing market expectations of £13.5 million due to lower-than-anticipated litigation costs and positive working capital variances. The company's gross monthly cash cost base remains at £0.5 million. The company is progressing with its litigation against LG Display and is assessing strategic options with interested parties. Dr. Nigel Pickett, founder and CTO, is retiring, with Dr. Ombretta Masala appointed as the new Director of Technology. Nanoco will issue 935,778 ordinary shares to settle deferred director fees. Disclaimer*
About this update from Nanoco Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 19 August 2025 \n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\").\nNanoco Group PLC\n(\"Nanoco, the \"Group\", or the \"Company\")\n \nFull Year Trading Update\n&\nDirector Retirement\n \nNanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, today provides the following year end trading update ahead of the announcement of its final results for the year to 31 July 2025, which will be released in November 2025.\nOverview\n· Nanoco's core markets, along with the wider quantum dot markets, are forecast to experience significant growth[1];\n· We continue to make good progress on existing Joint Development Agreements (\"JDAs\"), with discussions ongoing regarding an extension to the JDA with one of our Asian Chemical customers before the expiry of the existing contract, which is due to complete in October 2025;\n· Discussions are ongoing in relation to potential further JDAs with a number of other companies, some of which are outside of historical Nanoco markets;\n· The litigation against LG Display for alleged patent infringement has been served, and is progressing as expected;\n· We continue to assess strategic options for the Group's operating business with a number of interested parties.\nFinancial Highlights\n· Unaudited revenues are £7.6m, exceeding market forecasts[2] due to:\no Additional services and product revenue of £0.1m;\no Accelerated recognition of revenue related to the Samsung licence due to the lapse of 13 patents during the year, which amounts to additional licence revenue of £0.3m.\n·&...