REG - Directa Plus PLC - Half Year Trading Update and Notice of Results

Directa PlusAnnouncement

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RNS Number : 8018T  Directa Plus PLC  04 August 2025

4 August 2025

Directa Plus plc

("Directa Plus", the "Group" or the "Company")

 

Half Year Trading Update and Notice of Results

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets,
announces an update on trading for the six months to 30 June 2025 ("H1 FY25").

 

Based on its unaudited management accounts for H1 FY25, the Group expects to
report a c.15% increase in revenue to c.€3.9m (H1 FY24: €3.39m). This
growth is accompanied by a significant improvement in profitability, with
EBITDA losses expected to reduce by c. 40%  to c. €1.0m (H1 FY24: €1.8m).
 This performance is in-line with management's expectations, reflecting a
focus on high-value contracts, strong cost control and operational
efficiencies from the restructuring of the Group's Italian team and
operations, and its environmental subsidiary, Setcar. The major reorganisation
of Setcar's operations is progressing to plan, delivering a more resilient and
financially disciplined operation and a half-year performance that is a
significant improvement on the prior year.

 

The first half has seen the Group secure several important contract renewals
across its Environmental and Textiles divisions, including those with Grassi,
MC Armor, Ford Otosan, Cummins and Metchem. Setcar also secured initial
agreements with Midia International SA, worth up to $1.5m, and a €1.59m
contract extension with OMV Petrom, for the use of the Group's patented
Grafysorber® technology to treat oil sludges, emulsions, and contaminated
water, starting in H2 FY25. During the second quarter a distribution agreement
was also signed with a US based agent to enter the substantial environmental
decontamination market in the United States.

 

Important upgrades to the Group's production system and capabilities are set
to be fully operational in September 2025. These upgrades will enhance the
Group's ability to deliver highly tailored materials at competitive cost,
including for the first time nano-graphite and additives, to customers that
can meet their broader and growing commercial needs. Accessing the high-volume
nano-graphite market will enable the Group  to expand its addressable market
volume by at least 10x and reinforce its service offering across strategic
sectors that include elastomers, batteries, composites, paints, and cement,
alongside strengthening key customer relationships in the Environmental and
Textile verticals. Enhanced levels of process automation and control,
associated with the investment programme, will also improve operational
reliability, consistency and production capacity. As previously announced, the
new system includes the replacement of argon gas with nitrogen gas as the main
production energy source, delivering greater energy efficiency and cost
benefit.

 

Overall, the Group is pleased to report that momentum is rebuilding with
higher enquiry levels, new contract wins and renewals, supported by a clear
focus on reducing the Group's cost structure and broadening its addressable
markets. The Board remains confident of meeting market expectations for
Adjusted LBITDA in FY25¹.

 

Giulio Cesareo, Chief Executive Officer at Directa Plus, said: "Our stronger
H1 FY25 performance, marked by revenue growth and a significant LBITDA
improvement, demonstrates the effectiveness of our strategic focus and
disciplined cost management. Building on continued contract wins across our
key markets, operational efficiencies, and targeted capital investment, we
anticipate stronger growth in the second half of the year, as has consistently
been the case, and we are seeing significant and promising pipeline of
opportunities."

 

 

Notice of results

The Company expects to announce its unaudited half year results for the six
months to 30 June 2025 on 24 September 2025.

 

 1.Directa understands that as at the date of this announcement, market
expectations for the year ended 31 December 2025 are an Adjusted LBITDA
of (E1.7m).

 

 

For further information, please contact:

 

 Directa Plus plc                                       +39 02 36714458
 Giulio Cesareo, CEO
 Giorgio Bonfanti, CFO

 Singer Capital Markets (Nominated Adviser and Broker)  +44 20 7496 3069
 Rick Thompson
 Phil Davies

 Alma Strategic Communications (Financial PR Adviser)   +44 20 3405 0205
 Justine James                                          directaplus@almastrategic.com
 Hannah Campbell
 Kinvara Verdon

 

 

About Directa Plus

Directa Plus (www.directa-plus.com (http://www.directa-plus.com/) ) is one of
the largest producers and suppliers of graphene-based products for use in
consumer and industrial markets. The Company's graphene manufacturing
capability uses proprietary patented technology based on a plasma super
expansion process. Starting from natural graphite, each step of Directa
Plus's production process - expansion, exfoliation and drying - creates
graphene-based materials and hybrid graphene materials ready for a variety of
uses and available in various forms such as powder, liquid and past

 

This proprietary production process uses a physical process, rather than a
chemical process, to process graphite into pristine graphene nanoplatelets,
which enables Directa Plus to offer a sustainable, non-toxic product,
without unwanted by-products. Directa Plus's products are made of hybrid
graphene materials and graphene nano-platelets. The products (marketed as
G+®) have multiple applications due to its properties. These G+® products
can be categorised into various families, with different products being
suitable for specific practical applications.

 

Directa Plus was established in 2005 and is based in Lomazzo (Como, Italy)
and has been listed on the AIM market of the London Stock
Exchange since May 2016. The Company holds the Green Economy Mark
from London Stock Exchange which recognises companies that contribute to the
global green economy.

 

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