Perth-based clean technology developer Hazer Group (ASX:HZR) has released its interim financial results for the half-year ended Dec. 31, 2025, reporting a period of significant operational scaling and cost rationalisation.
The company, known for its proprietary process that converts methane into low-emission hydrogen and synthetic graphite, achieved a total funding position of $17.2 million, supported by a cash balance of $14.8 million.
This represents an increase from the $12.5 million held in the previous financial year.
The company recorded $1.5 million in revenue derived from R&D tax refunds and two paid project studies.
Hazer reduced its operating costs by 27%, a move management attributes to a leaner operational base and a strategic pivot toward commercialisation.
Key corporate milestones included the launch of a global licensing campaign via partner KBR and the securing of the first Hazer-KBR joint project with UK-based EnergyPathways.
The company also strengthened its industrial ties, earning selection for M Resources’ Whyalla clean steel bid and extending its partnership with POSCO following positive graphite testing.
Looking toward the remainder of FY26, CEO Glenn Corrie emphasised the prioritisation of converting the current project pipeline into binding licence agreements.
The company's outlook remains focused on achieving final investment decisions for key projects and unlocking graphite offtake deals with partners such as Mitsui and Veolia.
At the time of reporting, Hazer Group's share price was $0.40.