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On 26 February 2026, Hardide plc secured new orders totalling £1.8 million from a major North American energy sector customer. These orders are primarily for delivery during the current financial year to 30 September 2026. The company's Board expects these orders to lead to a material improvement in revenues and performance for the current financial year against previous expectations.
| Date | 26 Feb 2026 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 4331U |
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.
26 February 2026
Hardide plc
("Hardide", the "Group" or the "Company")
Further significant North American order intake
Hardide (AIM: HDD), the provider of advanced surface treatment technology, is pleased to confirm it has secured a further £1.8m of new orders from the major North American energy sector customer referred to in the announcements of 1 December 2025 and 3 February 2026, which will be delivered mostly over the course of the current financial year.
These orders lead the Board to expect a further material improvement in revenues and performance for the current financial year to 30 September 2026 as against previous expectations.
Hardide is in discussions with this customer regarding establishing a framework arrangement and schedule for the future that will support the customer's own business development ambitions and supply requirements.
Matt Hamblin, CEO of Hardide commented:
"We are delighted to receive these additional new orders. This should enable Hardide to achieve its first strategic milestone of at least doubling financial year 2024 revenues, ahead of target, during the current financial year and enable us to leverage the benefits of much higher capacity utilisation".
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For further information: |
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Hardide plc Matt Hamblin (CEO) Simon Hallam (Finance Director)
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Tel: +44 (0) 1869 353 830 |
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Cavendish Capital Markets Ltd - Nominated Adviser and Broker Henrik Persson / Elysia Bough (Corporate Finance) Jasper Berry / Dale Bellis (Sales)
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Tel: +44 (0) 2072 200 500 |
Notes to editors:
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.