Full Year Trading Update

(LSE: NANO) Nanoco Group plc reported unaudited revenue of £11.3m for the year to 31 July 2026, in line with market expectations. Excluding revenue from licence agreements, unaudited revenues were £1.5m. Underlying unaudited adjusted EBITDA was £6.1m and cash at year end was £9.3m, both slightly ahead of market expectations. The company is on track to achieve all milestones in the first year of the three-year Joint Development Agreement with the first Asian Chemical customer, with volumes expected to more than double in FY27 from a relatively small base. The gross cash cost base remains at £0.3m - £0.4m per month (FY25: £0.5m) following a reorganisation and reduction in the cost base completed during the financial year. The shareholder consultation process initiated on 26 June 2026 is ongoing following receipt of submissions. Continued discussions are underway with the second Asian chemical customer, following a small programme extension in June 2026.