Key highlights

  • First Graphene reported combined income of about A$201,000 for the September 2026 quarter, up 21% on the same quarter a year earlier.
  • New agreements and orders included a China distribution MOU, a first production order from Pacific Urethanes and a three-year agreement with Aeropreg.
  • Cash was A$1.831 million at quarter end, down from A$2.866 million, after net operating outflows of A$915,000.

First Graphene Limited (ASX:FGR), which produces and sells PureGRAPH graphene products, released its quarterly activities report and Appendix 4C on 20 October 2026 for the quarter ended 30 September 2026.

Income and cash

Combined income for the first quarter of FY2027 was about A$201,000 (unaudited), comprising roughly A$100,000 from graphene and product development sales and A$101,000 from collaborative project and research and development programs. This was 21% higher than the first quarter of FY2026, and the company linked it to new client orders and a wider range of applications.

Net cash used in operating activities was A$915,000, including staff costs of A$393,000 and research and development of A$33,000, and investing activities used A$62,000. Cash and cash equivalents were A$1.831 million at 30 September 2026, compared with A$2.866 million at the start of the quarter. Payments to related parties were A$154,000.

Cement, concrete and heat sensors

First Graphene signed a memorandum of understanding with The Sixth Element (Changzhou) Material Technology Co Ltd to distribute PureGRAPH CEM across China, and continued negotiations with clients in several countries on cement and concrete use. It extended its exclusive commercialisation agreement with Breedon Group by 12 months.

It also signed a 36-month strategic partner agreement with UK-based Vector Companies Group, which launched Peltyr printed heat flux sensors containing PureGRAPH to measure heat passing through building fabric.

Composites, polymers and footwear

The company secured its first production purchase order from Pacific Urethanes, an Australian polyurethane manufacturer, to use PureGRAPH as a fire-retardancy enhancer in mining applications, a new customer and application. First Graphene cited research estimates of a global urethane mining products market of about US$2.6 billion a year, forecast to reach about US$3.8 billion by 2032.

After the quarter it signed a three-year development and commercialisation agreement with Aeropreg, a Turkish prepreg manufacturer, to advance a PureGRAPH-enhanced carbon fibre prepreg towards commercialisation, and received its first purchase order from US footwear company Flux Footwear, which the company said is not financially material.

US presence and MITO acquisition

First Graphene held an investor roadshow in New York, Atlanta and Philadelphia and attended the CAMX 2026 trade show. Following the asset acquisition of US-based MITO Material Solutions, it has expanded its range of graphene-enhanced thermoset, thermoplastic and composite materials used in sporting equipment and apparel.