Key Highlights

  • Cash position of $10.7 million at 30 June 2026, plus a further $2.3 million of yet-to-be-earned non-dilutive grant income
  • Cash burn reduced by 30 percent during FY26, reflecting tighter funding discipline
  • Commercial-scale engineering was completed based on a 30,000 tonnes-per-annum hydrogen production design basis
  • The company's intellectual property portfolio has grown to approximately 100 patents and Patent applications across 6 projects in steel, energy and ammonia

Hazer Group Ltd (ASX:HZR) reported the completion of commercial-scale engineering for its hydrogen production technology during FY26, based on a Process Design Package with a 30,000 tonnes-per-annum design basis. Managing Director and CEO Glenn Corrie said the company enters FY27 with its technology proven and a global commercial platform in place. The company said it is progressing 6 projects spanning the steel, energy and ammonia sectors, supported by an intellectual property portfolio of approximately 100 patents and patent applications.

Funding Position and Cash Discipline

Hazer reported a cash position of $10.7 million at 30 June 2026, together with a further $2.3 million of yet-to-be-earned non-dilutive grant income, taking total available funding referenced in the results to approximately $13 million. The company reported a 30 percent reduction in cash burn during the year, which it attributed to its FY26 funding position and operational discipline as it transitions from technology development toward commercial execution.

Go-to-Market Partnerships

Hazer's go-to-market strategy is underpinned by its relationship with global engineering group KBR, which the company said provides a route to market and increasing engagement across multiple industrial sectors. The results reference ongoing engagement with FortisBC, POSCO, the Whyalla steelmaking opportunity, EnergyPathways, and Japanese partner Chubu Electric, reflecting the company's efforts to diversify its project pipeline across geographies and end markets.

Graphite and New Market Opportunities

The company said graphite markets had been validated during FY26, supporting its strategy to accelerate commercialisation of graphite produced as a by-product of the Hazer Process through product qualification, customer adoption and commercial Supply and offtake agreements. Hazer also outlined plans to expand into new markets for low-emissions hydrogen, including data centres, sustainable aviation fuel, ammonia and other hard-to-abate sectors, as part of its broader commercial strategy.

Outlook for FY27

Hazer described FY26 as the year in which its commercial platform was built, with FY27 focused on commercial execution. Priorities for the year ahead include advancing existing projects toward commercial deployment and Revenue generation, converting its expanding pipeline with KBR into technology licences and long-term recurring revenue, and progressing graphite commercialisation. The company said its growing pipeline of opportunities, combined with KBR's global reach, positions it to convert current momentum into long-term commercial growth.

Conclusion

Hazer Group's FY26 results centred on operational and strategic milestones rather than revenue generation, with the company reporting completion of commercial-scale engineering, a reduced cash burn rate, and an expanding global Partnership network led by KBR. With approximately $13 million in available funding and a stated focus for FY27 on converting its project pipeline into licensing and revenue-generating activities, the company's near-term progress will depend on its ability to translate these partnerships and validated technology into commercial contracts.