Published: November 18, 2025 at 8:41 am
Nanomaterials trailblazer Nanoco has seen its share price drop 2% in early trading after it reported its annual results.
The listed Runcorn firm, behind cadmium-free quantum dots used in monitors, TVs and infra-red sensors, is suing electronics giant LG after winning $150m in a legal dispute with Samsung in 2023.
For the year ended 31st July 2025, revenue decreased to £7.6m (FY24: £7.9m), while adjusted EBITDA improved to £1.5m (FY24: £1.2m) due to a reorganisation which saw the firm reduce its gross monthly cash cost base to £500,000 (FY24 Q4: £700,000). Reported cash at the period end was £14m (FY24: £20.3m).
During the year it completed a share buyback, fulfilling a commitment to return £33m to shareholders.
Nanoco also reported contracted organic and licence revenue of £7.6m for FY26 (FY25: £6.7m).
It said that it remained positive following the appointment of Dmitry Shashkov as CEO, Jalal Bagherli as non-executive chairman and Jai Subramanian as global head of business development during the period.
It added that it continues to explore a potential sale of its trading business: “Following an extensive reach-out process, we remain in discussions with several parties, assessing options which will deliver the best value for shareholders and wider stakeholders.”