UK's Quadrise H1 net loss widens on higher production & development costs

Quadrise

23/03/2026 07:09

Overview

UK low-emission fuels supplier reported H1 net loss of £2.0 mln, up from prior year

Company's production and development costs rose to £1.0 mln in H1 FY26

Outlook

Quadrise prioritises finalising legal frameworks for MSC and OCP trials in 2026

Company says it is advancing development of competitive, compliant fuels and expanding partner network

Quadrise expects to demonstrate meaningful progress towards commercialisation during 2026

Result Drivers

TRIAL PREPARATIONS - Co cited progress on vessel trial agreements and preparatory work with MSC and Cargill, including certification and equipment setup

Company press release: ID:nRSW5817Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income
-GBP 2 mln
H1 EBIT
-GBP 2.07 mln
H1 Pretax Profit
-GBP 1.99 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)