Slide 1: Final Results Presentation
Final Results Presentation For the period ended 31 July 2025 18 November 2025
Slide 2: Disclaimer
Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”) . Any person who is not a relevant person should not act or rely on this presentation or any of its contents . This presentation d
Slide 3: Contents
Contents FY25 operational review Nanoco revised strategy Renewed focus on Image Sensors CDX process update FY25 financials 3
Slide 4: FY25 Operational Review
NANOCO* GROUP e e FY25 OPERATIONAL REVIEW
Slide 5: Achievements in FY25
Achievements in FY25 Reduced cost base by Built global Reinvigorated ~30% on a like -for -like commercial strategy - refocused basis organization on 3 on Image Sensors continents Leading Image Sensor Extended 1 st JDA and CDX process market globally signed 2 nd JDA progressing well 5
Slide 6: Image Sensing Remains Our Top-Priority Market
Image Sensing Remains Our Top - Priority Market… 1 Market Applications Nanoco Strategy • Facial recognition • Hyperspectral imaging • Aggressive product development for high- volume Consumer and Automotive markets • Automotive safety Image • Expand product portfolio with heavy metal-free • Industria
Slide 7: …with Several Attractive, Growing Secondary Markets…
…with Several Attractive, Growing Secondary Markets… 2 Market Applications Nanoco Strategy • TVs • PC monitors, laptops, tablets • Monitor trends towards cadmium-free and Flat Panel • Smartwatches and new display technologies Display wearables • Continue focus on licensing IP • Outdoor displays • Pu
Slide 8: … and Lower Priority, Longer-Term Markets
… and Lower Priority, Longer - Term Markets 3 Market Applications Nanoco Strategy • Spectrum enhancement Lighting • Agricultural lighting • Therapeutic lighting • Surgical markers Biomedical • Diagnostic kits • No immediate opportunities • Document security Authentication • Counterfeit product detec
Slide 9: Image Sensing is Moving Towards High-Volume Applications
Image Sensing is Moving Towards High - Volume Applications Today: Low-Volume Markets Tomorrow: High-Volume Opportunities Industrial Consumer • Machine vision • Face detection and proximity sensing • Wafer inspection • Sensing displays Focus of 2 • Through-packaging inspection existing JDA’s • Plasti
Slide 10: … and Nanoco is Well Positioned to Address This Trend
… and Nanoco is Well Positioned to Address This Trend Existing Products • Developed production capacity model – Nanoco plant in Runcorn can produce QD material for ➢ >150MM sensors on a 1-shift operation ➢ >700MM sensors on a 3-shift operation • Based on our production experience and IP, Nanoco QDs
Slide 11: Image Sensors – Recent Performance Breakthrough
Image Sensors – Recent Performance Breakthrough Nanoco InAs based Quantum Dot (QD) Photodetector • Leading design for incorporation into high-volume applications (Consumer, Automotive, Medical) • Nanoco recent results far exceed all published data at a popular 1,400 nm - 1,500 nm range Dark Current
Slide 12: Seeing Beyond Visible Light
Seeing Beyond Visible Light QD - SWIR Camera Utilizing Nanoco HEATWAVE® PbS QDs* VISIBLE LIGHT SWIR VISIBLE LIGHT SWIR See through See through smoke silicon VISIBLE LIGHT SWIR See through plastic 12
Slide 13: CDX Strategic Options Update
CDX Strategic Options Update Process nearing completion • Conducted market studies (QD market, Image Sensors, Displays) • Completed extensive outreach (>200 targets globally) • Prepared Confidential Information Memorandum (CIM) and other due diligence materials • Developed detailed, bottom-up financ
Slide 14: FY25 Financials
NANOCO* GROUP e e FY25 Financials 14
Slide 15: Financial Highlights FY25
Financial Highlights FY25 Revenue down Adjusted EBITDA Completed increased to £0.3m £1.5m £33m on FY24 return to shareholders Year end cash Gross cash cost base Orderbook of £14.0m stable at £0.5m per month £7.6m (PY £20.3m) for FY26 15
Slide 16: Income Statement
Income Statement FY 25 FY 24 Change £m £m £m Revenue 7.6 7.9 (0.3) Cost of sales (0.6) (1.2) (0.6) Gross profit 7.0 6.7 0.3 Other operating income (grants) 0.0 0.1 (0.1) R&D investment (1.3) (0.9) 0.4 Other administrative expenses (4.2) (4.7) (0.5) Adjusted EBITDA 1.5 1.2 0.3 Other adjusting items (
Slide 17: Movement in Cash
Movement in Cash 1.0 5.2 0.8 0.3 0.2 0.4 0.6 £m 20.3 14.0 FY24 Return of Cash outflow GM, CDX, Capex Interest R&D tax Other FY25 capital from litigation income credit operations • Completed return of capital with £1m buyback • Cash outflow from operations is £5.2m • Requisitioned general meeting, CD
Slide 18: Financial Summary
Financial Summary • FY26 Orderbook currently at £7.6m (inc. £6m licence income) Guidance • Gross monthly cash costs c. £0.5m per month • Continue to explore cost saving opportunities • No further investment required – device lab delivering results Investing • Completed £33m return to shareholders •
Slide 19: Summary
Summary • QD markets continue to develop for multiple end -uses • Most attractive opportunities for Nanoco are in the Image Sensor markets Market ➢ Robust growth drivers in Consumer, Automotive, Industrial, Medical Expansion and Defense segments ➢ Strong competitive position due to first -mover adva
Slide 20: Questions
NANOCO* GROUP e° QUESTIONS 20
Slide 21: Nanoco Group
NANOCO* GROUP e° 21