How First Graphene’s New Orders and Cement Trials Signal Industry Breakthroughs

• Annual income surpasses A$1.2 million with strong sales and grant funding
• Two major PureGRAPH orders totaling A$165,000 secured for FY25 and FY26
• Exclusive deal to produce graphene-enhanced mining safety boots in Southeast Asia
• Successful large-scale cement additive trials demonstrate durability and CO₂ reduction
• Advancement of graphene projects in 3D printing and hydrogen storage

Robust Financial Growth Amid Expanding Commercial Pipeline

First Graphene Limited (ASX – FGR) has reported a solid financial and operational performance for the quarter ending 30 June 2025, with annual income exceeding A$1.2 million. This growth reflects a combination of graphene sales, development programs, and grant-funded projects, underscoring the company’s expanding commercial footprint.

The June quarter alone generated approximately A$273,000 in income, split between graphene sales and development initiatives. Notably, the company secured two significant orders for its PureGRAPH materials, valued at around A$165,000, with additional orders in the pipeline, signaling strong momentum heading into FY2026.

Innovative Applications Drive Market Penetration

Among the standout commercial developments is an exclusive agreement with Indonesian manufacturer PT Alasmas Berkat Utama to supply graphene-enhanced masterbatch for KRUSHERS safety boots aimed at the Southeast Asian mining sector. This deal involves over two and a half tonnes of PureGRAPH 10 masterbatch over two years, enhancing boot durability and lifespan through advanced polymer technology.

Complementing this, First Graphene has made significant strides in the cement and concrete sector. After extensive field trials producing over 1000 tonnes of graphene-enhanced cement with UK partner Breedon Group, the company has validated the commercial readiness of its PureGRAPH-CEM additive. These trials demonstrated not only improved durability but also a reduction in CO₂ emissions by up to 15%, a critical advantage for an industry under increasing pressure to decarbonise.

Strategic Partnerships and Global Expansion

First Graphene’s strategy includes broadening its reach through partnerships such as the one with Duromer, which supports compounding capabilities for PureGRAPH products across the Asia Pacific. The company is also advancing projects in energy storage, including participation in the A$3.72 million HyPStore initiative focused on graphene-enhanced hydrogen storage tanks, and a grant-funded collaboration with Imperial College London and University College London to upscale graphene use in 3D metal printing.

While some production timelines, such as the Breedon cement trial, have been deferred due to external project scheduling, new opportunities like the Morgan Sindall rail depot project in London have been secured, ensuring continued commercial activity and product deployment.

Financial Position and Outlook

Despite operating cash outflows of A$744,000 for the quarter, First Graphene maintains a healthy cash balance of A$2.613 million, providing an estimated 3.5 quarters of funding. The company’s focus on core PureGRAPH products was further emphasized by the voluntary deregistration of its non-core subsidiary, 2D Fluidics.

Overall, First Graphene’s quarterly update highlights a company transitioning from development to commercialisation, with multiple product lines gaining traction and a clear pathway to scaling operations in diverse industrial sectors.

Bottom Line?

With a growing order book and validated product applications, First Graphene is poised for a pivotal FY2026 as it scales commercial adoption across key industries.

Questions in the middle?

• How will the deferred Breedon cement trial impact revenue recognition and growth timelines?
• What are the prospects for expanding graphene-enhanced safety products beyond mining boots?
• Can First Graphene sustain its cash runway amid ongoing development and scale-up investments?