Hazer Group Receives $4.58M R&D Tax Incentive for FY25 Innovation
Hazer Group has received a $4.58 million R&D tax incentive refund for FY25, reinforcing its financial position as it advances its methane pyrolysis technology towards commercialisation.
- Received $4.58 million R&D tax refund for FY25
- Funds relate to eligible research and development expenditure
- Supports scale-up of methane pyrolysis technology
- Non-dilutive cash strengthens company’s commercialisation efforts
- Further refund expected for current financial year’s R&D spend
Hazer Group’s Financial Boost
Hazer Group Limited (ASX – HZR), an Australian clean technology company, has announced the receipt of a $4.58 million Research and Development (R&D) tax incentive refund for the 2025 financial year. This refund is tied to the company’s eligible R&D expenditure and represents a significant non-dilutive cash injection that bolsters its financial position.
Backing Innovation in Methane Pyrolysis
The refund underscores the Australian Federal Government’s commitment to supporting innovation through its R&D Tax Incentive program, which provides cash refunds to companies investing in research and development activities. For Hazer, these funds directly support the advancement and scale-up of its proprietary methane pyrolysis technology, a process that produces clean hydrogen and high-quality graphite using natural gas or biogas and iron ore as a catalyst.
Strategic Implications for Commercialisation
CEO Glenn Corrie highlighted that the refund strengthens Hazer’s cash reserves without diluting shareholder equity, enabling the company to accelerate its commercialisation strategy. This financial boost is particularly timely as the company navigates the challenging transition from development to commercial production in the clean energy sector.
Looking Ahead
Hazer also anticipates receiving a further R&D tax refund next year related to expenditure incurred in the current financial year, suggesting ongoing investment in its technology pipeline. While the announcement does not disclose the total R&D spend or detailed allocation of funds, the receipt of this refund signals strong government support and confidence in Hazer’s innovation trajectory.
As the company continues to develop its methane pyrolysis technology, which has the potential to contribute meaningfully to global decarbonisation efforts, these funds provide a welcome financial cushion to sustain its momentum.
Bottom Line?
Hazer’s R&D tax refund strengthens its runway as it pushes to commercialise disruptive clean hydrogen technology.
Questions in the middle?
- What is the total R&D expenditure underpinning the refund and how is it allocated?
- How will the additional expected refund impact Hazer’s financial forecasts?
- What are the next commercial milestones for Hazer’s methane pyrolysis technology?
