First Graphene Breaks Q1 Sales Records with New Products and Patents

Strong Commercial Momentum

First Graphene Limited (ASX – FGR) has delivered a robust start to fiscal 2026, reporting its strongest first quarter sales on record for its flagship PureGRAPH graphene products. The company generated approximately A$179,000 in combined income, driven primarily by sales in the composite and polymer sectors. Despite a minor delay in fulfilling a significant order for safety boots due to new equipment commissioning, the outlook for the second quarter remains strong.

Expanding Global Footprint with New Product Launches

Notably, First Graphene launched a PureGRAPH-enhanced waterproofing additive, KR2-Tech Dry, in the South African construction market. Early adoption by major clients such as Revelstone in Cape Town underscores the product’s commercial appeal. Independent trials demonstrated a 48% reduction in water absorption and a 19.2% decrease in oxygen penetration, significantly enhancing concrete durability and waterproofing.

Innovation in Fire Safety and Energy Technologies

The company also filed a patent with UK partner Vector Group for graphene-enhanced fire-resistant construction materials. These materials exhibit up to 100% self-extinguishing behavior and improved structural performance, offering a safer and more sustainable alternative to traditional additives. Meanwhile, First Graphene’s collaboration with Halocell Energy and Queensland University of Technology has yielded graphene-enhanced perovskite solar cells with over 30% efficiency and up to 80% production cost reductions, signaling a breakthrough in scalable, low-cost solar technology.

Strategic Partnerships and Sustainability Advances

Further strengthening its advanced materials platform, First Graphene signed a Memorandum of Understanding with Hazer Group to explore synergies between synthetic graphite and graphene products. The company also commenced testing graphene-enhanced resin systems for hydrogen storage tanks as part of the A$3.72 million HyPStore project, which recently won a prestigious innovation award. Operational efficiencies have reduced electricity consumption by 24% and lowered carbon emissions per kilogram of product, aligning with global sustainability trends.

Financial Discipline and Future Outlook

First Graphene reported a record low cash burn for the quarter and completed a convertible note agreement with Specialty Materials Investments LLC, reinforcing its strong capital position. With growing global interest in graphene’s applications and a pipeline of innovative products and partnerships, the company is well-positioned to capitalize on expanding markets in construction, energy, and advanced materials.