REG - Hardide PLC - New Order Intake and Notice of Interim Results

HardideAnnouncement

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RNS Number : 1062C  Hardide PLC  28 April 2026

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

28 April 2026

 

Hardide plc

("Hardide", the "Group" or the "Company")

 

New Order Intake, Current Trading and Notice of Interim Results

 

Hardide plc (AIM: HDD), the provider of advanced surface treatment technology,
is pleased to announce it has received a further £1.8m of new orders from its
large North American energy sector customer, which are expected to be
delivered by the end of the current financial year ending 30 September 2026
("FY26"). This is additional to the Group's existing forecasts such that the
Board now anticipates the Group's revenues and financial performance for FY26
will be materially ahead of its previous expectations.

Over recent months, Hardide has successfully scaled output to meet growing
demand, enabling it to accommodate additional volume. These new orders will be
fulfilled from the Group's Bicester facility in the UK and will be supplied
concurrently with those already placed with the US facility, which were
announced in December 2025 and February 2026.

The Group has otherwise also continued to trade strongly, and the positive
momentum described in the Group's AGM Trading Statement of 24 March 2026 has
continued.

The Board continues to monitor energy costs and broader cost pressures and is
mindful of the wider macroeconomic backdrop. The Group is experiencing an
increase in input costs, particularly the cost of tungsten gas, being the
principal raw material used in the production of its coatings, due to rising
demand from the defence sector and export restrictions from China. Energy
costs remain modest, at around 3% of revenues, with roughly half fixed through
to the end of the calendar year. Aggregate additional input costs are expected
to amount to approximately £0.7m in the second half of the financial year.
The Group are mitigating this through a combination of selling price
surcharges and internal operational efficiencies and are continuing to work
closely with customers in managing these pressures.

Notice of Interim Results

Hardide expects to announce its interim results for the 6 months ending 31
March 2026 on Thursday 21 May 2026.

 

 For further information:
 Hardide plc                                                   Tel: +44 (0) 1869 353 830

 Matt Hamblin (CEO)

 Simon Hallam (Finance Director)

 Cavendish Capital Markets Ltd - Nominated Adviser and Broker

 Henrik Persson / Elysia Bough (Corporate Finance)             Tel: +44 (0) 2072 200 500

 Jasper Berry / Dale Bellis (Sales)

 

Notes to editors:

www.hardide.com (http://www.hardide.com/)

Hardide develops, manufactures and applies advanced technology tungsten
carbide/tungsten metal matrix coatings to a wide range of engineering
components. Its patented technology is unique in combining in one material, a
mix of toughness and resistance to abrasion, erosion and corrosion; together
with the ability to coat accurately interior surfaces and complex geometries.
The material is proven to offer dramatic improvements in component life,
particularly when applied to components that operate in very aggressive
environments. This results in cost savings through reduced downtime and
increased operational efficiency as well as a reduced carbon footprint.
Customers include leading companies operating in the energy sectors, valve and
pump manufacturing, industrial gas turbine, precision engineering and
aerospace industries.

 

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