Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to €1.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Chemicals industry in Germany. Total returns to shareholders of 1,057% over the past three years. Reported Earnings • May 25
First half 2026 earnings released: EPS: UK£0.016 (vs UK£0.001 loss in 1H 2025) First half 2026 results: EPS: UK£0.016 (up from UK£0.001 loss in 1H 2025). Revenue: UK£4.79m (up 71% from 1H 2025). Net income: UK£1.23m (up UK£1.29m from 1H 2025). Profit margin: 26% (up from net loss in 1H 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Non-Executive Director Bryan Allcock was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 28
Hardide plc to Report First Half, 2026 Results on May 21, 2026 Hardide plc announced that they will report first half, 2026 results on May 21, 2026 Tillkännagivande • Mar 05
Hardide plc, Annual General Meeting, Mar 24, 2026 Hardide plc, Annual General Meeting, Mar 24, 2026. Location: 9 longlands road, bicester, oxfordshire ox26 5ah, United Kingdom Tillkännagivande • Mar 19
Hardide plc Provides Earning Guidance for the First Half Year Ending 31 March, 2025 Hardide plc provided earning guidance for the first half year ending 31 March, 2025. For the period, The company expects revenues for the first half year ending 31 March 2025 ("H1 FY25") to be approximately 30% ahead of the £2.1 million reported in the equivalent prior year period ("H1 FY24"). Tillkännagivande • Mar 03
Hardide plc, Annual General Meeting, Mar 18, 2025 Hardide plc, Annual General Meeting, Mar 18, 2025. Location: hardide plc, 9 longlands road, bicester, oxfordshire ox26 5ah, United Kingdom Tillkännagivande • Dec 03
Hardide plc Announces Board and Committee Changes Hardide plc announced the appointment of Dr. Bryan Allcock to the Board on 3 December 2024 as an Independent Non-Executive Director. Bryan will succeed Tim Rice as Hardide's Senior Independent Director and Chair of the Remuneration Committee with effect from 1 January 2025, as Tim will be stepping down from the Board on 31 December 2024. Bryan has career long experience working in the advanced materials, surface engineering and coatings industry. He is currently CEO of his own business, TRL9 Limited, which runs a portfolio of research, development and deployment projects, including the use of high entropy alloys. Bryan acts as a subject matter expert to the Ministry of Defence and BAE Systems for the coating of flight decks for Queen Elizabeth Class aircraft carriers and has collaborative research contracts with Jaguar Land Rover, the Defence and Security Accelerator (DASA) and the European Space Agency. Bryan was formerly Global CEO for the Services business of Castolin Eutectic Limited, part of the Messer Group, where he ran an international £56 million revenue business delivering surface engineering and advanced coating solutions. Bryan joined Castolin Eutectic having sold his own business, Monitor Coatings, to them in 2013. Bryan spent his earlier career as Head of Technical Services at Flight Refuelling Limited, part of Cobham plc, where he grew profits significantly through business development of the coatings division, operational improvement and efficiency initiatives. Bryan holds an MBA, has a degree in applied chemistry and materials, and holds a PhD in Corrosion Engineering from Cranfield University. He is a fellow of the Institute of Materials, Minerals and Mining and has been a strategic advisor to the Institute. Dr. Bryan Allcock BSc (Hons) PhD, MBA, FIMMM (Age 57). Current Directorships: TRL9 Limited, Solar Fluidics UK Limited, Burgham Park Residents Association Limited, Zonne Limited and UVCR Limited. Tillkännagivande • Oct 21
Hardide plc Provides Earnings Guidance for the Year Ended September 30, 2024 Hardide plc provided earnings guidance for the year ended September 30, 2024. For the year, the company expects to report revenue of £4.7 million for the year (FY23 £5.5 million). As anticipated, second half ("H2") trading was stronger than the first half ("H1") with H2 sales of £2.6 million, compared with H1 of £2.1 million, despite some delays in new business work now expected in the first half of the new financial year. Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Andrew Magson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 18
Steve Paul Steps Down as Director of Hardide plc Hardide plc announced (further to the announcement of 22 May 2024) that Steve Paul, previously interim CEO, has on June 18, 2024, stepped down as a director of the Company following completion of his handover period to Matt Hamblin, ongoing CEO of the Company. Steve will continue to work closely alongside Matt in a sales and business development capacity. Tillkännagivande • May 23
Hardide plc Announces CEO Changes Hardide plc announced that it has appointed Matthew (Matt) Hamblin, currently a non-executive director of the Company, as its new permanent CEO, effective from 3 June 2024. Steve Paul, who is currently serving as interim CEO, will continue to work closely alongside Matt in a sales and business development capacity. Until early 2023 Matt was Chief Executive Officer at Keronite, an advanced coatings and surface treatment company, where he led its growth into profitability and its subsequent sale to the Curtiss-Wright Corporation in November 2022. Matt has prior experience in a variety of sales and commercial leadership roles, including most recently as Commercial Vice President of Nyobolt, a high-performance battery and charging technology company. Tillkännagivande • Feb 22
Hardide plc, Annual General Meeting, Mar 25, 2024 Hardide plc, Annual General Meeting, Mar 25, 2024, at 11:30 Coordinated Universal Time. Location: the offices of Hardide plc, 9 Longlands Road, Bicester, Oxfordshire OX26 5AH Oxfordshire United Kingdom New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (€4.81m market cap, or US$5.22m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (€5.35m market cap, or US$5.76m). Minor Risk Currently unprofitable and not forecast to become profitable next year (UK£900k net loss next year). Tillkännagivande • Feb 08
Hardide plc Appoints Stephen Paul as Interim Chief Executive Officer, Effective 12 February 2024 Hardide plc announced the appointment of Stephen (Steve) Paul as Interim Chief Executive Officer with effect from 12 February 2024. Steve will succeed Philip (Phil) Kirkham who, as announced on 1 November 2023, is stepping down after leading the Company for over 11 years. Steve had a successful 30-year international career in various managing director, commercial development and performance improvement roles for the leading global surface treatment business, Praxair Surface Technologies, now part of the Linde Group. Since 2018, Steve has led his own consultancy business, Sketchley GmbH, where he has advised a number of coatings companies, including Hardide, on strategic, business development and operational improvement projects. Steve has a Master's degree in Metallurgical Engineering from the University of Sheffield. Steve has been working with Hardide for a number of months already on the development of sales of coated consumable parts to be supplied direct to end use customers. Steve will serve as CEO and join the Board of Hardide for an interim period of up to six months, after which it is intended he will continue to work with the Group on further international business development opportunities. New Risk • Dec 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Market cap is less than US$10m (€7.57m market cap, or US$8.23m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£918k net loss next year). Tillkännagivande • Oct 18
Hardide plc Provides Earnings Guidance for the Year Ended 30 September 2023 Hardide plc provided earnings guidance for the year ended 30 September 2023. For the year, the company expects to report revenues for 2023 of £5.5 million. Reported Earnings • May 18
First half 2023 earnings released First half 2023 results: Revenue: UK£2.89m (up 8.6% from 1H 2022). Net loss: UK£614.0k (loss narrowed 19% from 1H 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany. Reported Earnings • Feb 09
Full year 2022 earnings released: UK£0.039 loss per share (vs UK£0.052 loss in FY 2021) Full year 2022 results: UK£0.039 loss per share (improved from UK£0.052 loss in FY 2021). Revenue: UK£5.02m (up 39% from FY 2021). Net loss: UK£2.19m (loss narrowed 22% from FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Chemicals industry in Germany. Tillkännagivande • Jan 25
Hardide plc Announces Resignation of Robert Goddard as Director Hardide plc announced that, as planned, Robert Goddard stepped down from the Board of Directors at close of business on 24 January 2023. Tillkännagivande • Dec 22
Hardide plc to Report Fiscal Year 2022 Results on Feb 08, 2023 Hardide plc announced that they will report fiscal year 2022 results on Feb 08, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Senior Independent Non-Executive Director Tim Rice was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 25
Hardide plc Announces Directorate Changes Hardide plc announced the appointment of Andrew Magson as Non-Executive Chair of the Group. He succeeds Robert Goddard who will continue as a Non-Executive Director for the remainder of the calendar year. This will enable the completion of the financial reporting for fiscal year 2022 and a smooth transition of responsibilities. Andrew will take over Robert's roles as Chair of the Audit Committee, the Sustainability and Risk Committee and as a member of the Intellectual Property Committee. Andrew has more than 15 years' experience serving on the boards of UK public companies in the engineering and industrial manufacturing sectors. He was Executive Director, CFO and Company Secretary of The Alumasc Group plc between 2006 and 2020. Before that, Andrew was Group Financial Controller at BPB plc, where he also worked internationally in M&A and operations. Andrew spent his earlier career at PwC in London where he qualified as a Chartered Accountant. He holds a Business degree from The University of Bath. Andrew is currently a Non-Executive Director and Chair of the Audit Committee at AIM-listed Renold plc and is a Pension Trustee and Chair of the Pension Investment Committee at The Alumasc Group plc. Tillkännagivande • Oct 13
Hardide plc Provides Revenue Guidance for the Year Ended September 30, 2022 Hardide plc provided revenue guidance for the year ended September 30, 2022. Revenues for the year to 30 September 2022 are expected to be in line with the Board's expectations of approximately £5.0 million, up almost 40% on the previous year. Tillkännagivande • Jul 14
Hardide plc Provides Earnings Guidance for the Third Quarter of the Financial Year to 30 September 2022 Hardide plc provided earnings guidance for the third quarter of the financial year to 30 September 2022. Revenues for the year to 30 September 2022 are expected to be broadly in line with the Board's expectations albeit with a slightly wider range of possible outcomes, which will also be reflected at the EBITDA level. Tillkännagivande • May 12
Hardide plc Provides Revenue Guidance for the Second Half of 2022 Hardide plc provided revenue guidance for the second half of 2022. The Board remains confident that the growth in revenue will continue in second half of 2022 and is set to improve yet further as the company go into 2023. Reported Earnings • May 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£1.43m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 6.5% growth forecast for the industry in Germany. Tillkännagivande • May 10
Hardide plc Announces Resignation of Robert Goddard from the Position of Chairman of the Board Hardide plc announced that Robert Goddard has informed the Group of his intention to resign from his position as Chairman of the Board. To ensure a smooth transition, Robert will remain as Chairman while the search process for a successor is underway. The announcement of a successor will be made in due course. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Non-Executive Director Tim Rice was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: UK£0.052 loss per share (down from UK£0.025 loss in FY 2020). Revenue: UK£3.60m (down 24% from FY 2020). Net loss: UK£2.80m (loss widened 117% from FY 2020). Revenue missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 42%, compared to a 6.5% growth forecast for the industry in Germany. Tillkännagivande • Feb 16
Hardide plc, Annual General Meeting, Mar 11, 2022 Hardide plc, Annual General Meeting, Mar 11, 2022, at 11:30 Coordinated Universal Time. Location: finnCap at 1 Bartholomew Cl, London United Kingdom Agenda: To consider the financial statements of the company for the financial year ended 30 September 2021 and the reports of the directors and auditor thereon; to re-elect Philip Kirkham, who retires by rotation under the Articles of Association of the company, as a director of the company; to re-elect Timothy Rice, who retires by rotation under the Articles of Association of the company, as a director of the company; to re-appoint James Cowper Kreston as auditor of the company to hold office until the conclusion of the next general meeting at which accounts are laid before the company; to authorise the directors to determine the auditor's remuneration; and to consider others. Reported Earnings • Dec 08
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: UK£0.052 loss per share (down from UK£0.025 loss in FY 2020). Revenue: UK£3.60m (down 24% from FY 2020). Net loss: UK£2.80m (loss widened 117% from FY 2020). Revenue missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 42%, compared to a 4.5% growth forecast for the industry in Germany. 
