**Directa Plus PLC Full Year Trading and Operational Update (FY25):**
Directa Plus PLC, a leading graphene nanoplatelets producer, announced its full-year trading and operational update for FY25, highlighting
**Financial Performance**
* **Revenue growth** Expected revenue of €7.0m, a slight increase from €6.66m in FY24.
* **Improved profitability** Adjusted LBITDA of approximately €2.5m, a 30% improvement from €3.64m in FY24, driven by cost control and operational efficiencies.
**Operational Highlights**
* **Production advancements** Enhanced technology and production capabilities, enabling low-cost, scalable manufacturing of advanced graphene materials with consistent quality.
* **Product portfolio expansion** Developed interlocked and blended graphene materials, targeting high-growth applications in PFAS-related fields, defense, and regulated industrial sectors.
* **Setcar restructuring** Achieved €0.7m in annualized cost savings through headcount reductions and operational improvements, positioning Setcar for growth in the Environmental Remediation market.
* **Contract win** Secured a €1.5m Total Waste Management contract with Ford for 15 months.
**Strategic Focus**
* **Graphene market growth** Capitalizing on the growing interest in graphene, Directa Plus aims to monetize its core IP through partnerships, joint ventures, or licensing.
* **Funding for growth** Evaluating funding options to support future growth initiatives in FY26.
* **Board changes** Richard Hickinbotham steps down as Non-Executive Chairman, with Giulio Cesareo assuming the role of Interim Chairman. CEO succession process underway.
**Outlook**
* **Strong pipeline** Directa Plus enters FY26 with a growing pipeline of opportunities across targeted end markets, supported by advanced customer discussions and established product performance.
* **Focus on execution and value creation:** The company aims to execute its strategy, create value, and monetize its intellectual property while securing necessary funding for future growth.
**Key Figures**
* Revenue€7.0m (FY25 expected)
* Adjusted LBITDA€2.5m (FY25 expected)
* Gross cash balances€1.5m (FY25 closing)
**Conclusion**
Directa Plus demonstrated progress in FY25, with revenue growth, improved profitability, and strategic advancements. The company is well-positioned to capitalize on the growing graphene market, with a focus on execution, value creation, and securing funding for future growth.