Haydale Graphene Industries (AIM:HAYD), the AIM-listed advanced materials and clean-technology group, reported revenue of £2.25 million for the six months ended 31 March, a 463% increase from £0.40 million in the comparable prior-year period, driven by the first contribution from its enlarged group following the acquisition of SaveMoneyCutCarbon (SMCC).
Gross profit rose 325% to £0.85 million, though gross margin contracted to 37.9% from 50.9% as SMCC's programme delivery, installation and service revenues shifted the revenue mix.
The adjusted operating loss widened to £1.16 million from £0.68 million a year earlier, as administrative expenses more than doubled to £2.14 million, reflecting approximately one quarter of SMCC operating costs and the enlarged group structure.
Net assets climbed to £14.64 million from £1.30 million at 30 September 2025, reflecting £8.57 million of goodwill and £3.36 million of intangibles recognised on the SMCC deal, which completed in January 2026.
Post-period, SMCC was appointed Wave Utilities' exclusive external delivery partner for water efficiency audits, a relationship expected to generate at least £1 million of annual recurring revenue, with a medium-term pipeline of approximately £5.7 million identified.
"The first half of FY26 marks an important transition point for Haydale, as the Group moved from restructuring into execution," said chief executive Simon Turek.
The board said it remains focused on delivering current full-year market expectations and achieving positive EBITDA within approximately 12 months of the SMCC acquisition.
