Proactive Summary23 Mar 2026 08:08
Proactive summary of interims ?
QED - QUADRISE PLC
7:00: Interim Results & Notice of Investor Presentation
Quadrise posted an H1 FY26 loss after tax of £2.0m (H1 FY25: £1.7m), cash £4.0m at 31 Dec 2025 (vs £1.4m), total assets £8.3m, basic loss per share 0.10p, with production & development costs £1.0m and admin £0.9m; directors say current cash should cover planned trials but further funding may be required and auditors have previously flagged a going‑concern uncertainty. Commercial catalysts include an imminent MSC/Cargill vessel trial at MAC² Antwerp (PoC then ~4,000‑hour bioMSAR LONO), Valkor’s 500 bpd Utah pilot expected Q4 2026 (staged payments US$1.0m to Jun 2026), an OCP Morocco trial plan expected Q2 2026, Panama permitting underway, and progress on multiple biofeedstock pathways and AI digitisation—management prioritises finalising trial legal frameworks, feedstock and shipowner agreements to drive commercialisation in 2026, while geopolitical, regulatory and execution risks could delay progress.