Quadrise (AIM: QED)

Last close As at 29/02/2024

GBP0.02

−0.07 (−3.41%)

Market capitalisation

GBP32m

Quadrise is the innovator and global supplier of disruptive refinery upgrading technology that produces a synthetic, enhanced heavy fuel oil called MSAR and a biofuel called bioMSAR. The technology provides a low cost and cleaner fuel for marine, power and industrial applications.

Quadrise is still pre-revenue and reported a normalised EPS loss of 0.22 pence per share for year ending 30 June 2023. At end FY23, net cash stood at £1.34m, which, combined with the £1.94m raised in July and the potential Valkor revenue, will enable Quadrise to continue progressing its projects into mid-2024 without the need for additional capital.

Latest Insights

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Industrials | Flash note

Quadrise — Tests identify new pathway to bioMSAR Zero

Industrials | Update

Quadrise — Closer to commercial revenues

Industrials | edison tv

Quadrise Fuels International – executive interview

Sector

Industrials

Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Harry Kilby

Analyst

Key Management

  • Andy Morrison

    Chairman

  • David Scott

    Head of Finance

  • Jason Miles

    CEO

  • Quadrise Vigo Consulting

    Chairman

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (12.8) 10.3 34.0
Relative (12.6) 7.4 38.5
52 week high/low 3.1p/0.7p

Financials

Quadrise continues to advance options towards commercialisation of its technology, with each of is projects nearing significant key milestones. Preparatory steps for the MSC fuel trials are now complete and fuel supply agreements are nearing finalisation. Quadrise will achieve its first licensing revenues on the successful completion of Valkor’s project financing, and the Morocco trial has now been successfully completed.

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 0.1 (2.7) (2.8) (0.19) N/A N/A
2023A 0.0 (3.0) (3.1) (0.21) N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

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