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Hardide Returns to Profit as Revenue Jumps and Trading Momentum Builds

Story Highlights
  • Hardide returned to profit in FY25 as revenue rose 27%, margins improved and cash generation strengthened.
  • Strong Q1 FY26 growth and a major new North American energy order support plans to double revenues and boost profitability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hardide Returns to Profit as Revenue Jumps and Trading Momentum Builds

Meet Samuel – Your Personal Investing Prophet

Hardide ( (GB:HDD) ) has shared an update.

Hardide reported a strong turnaround for the year to 30 September 2025, with revenue up 27% to £6.0m, gross margin rising to 57%, EBITDA improving to £1.0m at a 17% margin and the company returning to positive earnings per share for the first time in many years. The group cut net debt, increased cash, fully harmonised its UK and US plants, and is now generating cash thanks to higher volumes, better commercial discipline and operational efficiencies. Trading momentum has carried into the new financial year, with first-quarter FY26 revenue up nearly 40% and a £1.75m order from a major new North American energy customer underpinning expectations of further significant progress as Hardide targets at least doubling FY24 revenues to £10m and leveraging spare capacity for margin and profit growth.

The most recent analyst rating on (GB:HDD) stock is a Hold with a £7.50 price target. To see the full list of analyst forecasts on Hardide stock, see the GB:HDD Stock Forecast page.

Spark’s Take on GB:HDD Stock

According to Spark, TipRanks’ AI Analyst, GB:HDD is a Neutral.

Hardide’s overall stock score is primarily impacted by its financial performance challenges, including declining revenues and persistent losses. Technical analysis provides some positive signals, but valuation remains a concern due to negative profitability metrics.

To see Spark’s full report on GB:HDD stock, click here.

More about Hardide

Hardide plc is a UK-based provider of advanced tungsten carbide and tungsten metal matrix surface coating technologies for engineering components. Its patented coatings combine toughness with resistance to abrasion, erosion and corrosion, and can be applied precisely to interior surfaces and complex geometries. The technology is used to extend component life and reduce downtime and carbon footprint for customers in energy, valve and pump manufacturing, industrial gas turbines, precision engineering and aerospace, with a strategic focus on expanding its North American business.

Average Trading Volume: 448,084

Technical Sentiment Signal: Buy

Current Market Cap: £13M

Find detailed analytics on HDD stock on TipRanks’ Stock Analysis page.

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