Nanoco Group delivers £11.3 million revenue as earnings and cash beat forecasts

Nanoco Group PLC (LSE:NANO) has met its full-year trading expectations, while underlying earnings and year-end cash came in slightly ahead of forecasts. The quantum-dot developer reported unaudited revenue of £11.3 million for the year ended 31 July 2026, matching market expectations. Revenue excluding licence agreements was £1.5 million, also in line with forecasts. Underlying adjusted EBITDA reached £6.1 million, compared with the £5.8 million forecast prepared by Cavendish Capital Markets. Year-end cash stood at £9.3 million, ahead of the £8.8 million forecast. Nanoco said its gross monthly cash cost base had fallen to between £300,000 and £400,000 following a reorganisation and cost reductions completed during the financial year. This compared with £500,000 per month in the previous year, with the company continuing to assess opportunities for further savings. Operationally, Nanoco remains on track to meet all first-year milestones under its three-year joint development agreement with its first Asian chemicals customer. Volumes under the agreement are expected to more than double in the 2027 financial year, although from a relatively small base. Discussions are continuing with a second Asian chemicals customer following a small extension to its development program in June 2026. The company is also engaging with several other prospective customers over potential joint development agreements or material supply contracts, primarily targeting sensing applications. Meanwhile, the shareholder ...