New Order Intake and Notice of Interim Results

Hardide

28/04/2026 07:00

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
Matt Hamblin (CEO)
Simon Hallam (Finance Director)
Tel: +44 (0) 1869 353 830
Cavendish Capital Markets Ltd - Nominated Adviser and Broker
Henrik Persson / Elysia Bough (Corporate Finance)
Jasper Berry / Dale Bellis (Sales)
Tel: +44 (0) 2072 200 500

 

Notes to editors:

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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