Directa Plus Updates on Revenue Growth, Narrower Full-Year Loss

Why It Matters

The tighter loss margin and new contract signal Directa Plus is moving toward profitability while positioning its graphene technology for high‑growth, regulated markets.

Key Takeaways

• Revenue 2025 €7M, modest growth.
• Adjusted EBITDA loss cut to €2.5M.
• Setcar wins €1.5M Ford waste contract.
• Cost savings €0.7M from Setcar restructuring.
• Board chair transition to Giulio Cesareo.

Pulse Analysis

Directa Plus’s latest outlook underscores a pivotal shift from a cash‑burn phase to a more sustainable operating model. By tightening expense discipline and leveraging efficiencies across its graphene production line, the firm reduced its adjusted EBITDA loss by nearly €1.1 million year‑over‑year. This financial tightening, combined with a modest revenue uptick, improves the company’s balance sheet, though cash reserves fell to €1.5 million, highlighting the need for fresh capital in 2026. Investors will watch how the firm balances cost‑saving measures with the capital required to scale its advanced materials portfolio.

The graphene market is entering a phase of accelerated adoption, especially in sectors demanding high‑performance, low‑weight solutions such as defense, PFAS remediation, and regulated industrial applications. Directa Plus’s development of interlocked and blended graphene materials expands its addressable market and differentiates its offerings from commodity‑grade competitors. The recent €1.5 million contract with Ford for waste‑management services not only adds a stable revenue stream but also validates the commercial viability of its environmental‑remediation technology, potentially opening doors to further automotive and industrial partnerships.

Strategically, the company is focusing on monetising its extensive patent portfolio through licensing, joint ventures, and selective partnerships, a move that could generate non‑dilutive revenue while funding growth initiatives. The board transition, with Giulio Cesareo assuming interim chairmanship, signals continuity in leadership amid this transformation. As Directa Plus seeks funding for 2026, its ability to demonstrate scalable graphene production, robust contract pipelines, and disciplined financial management will be critical to attracting investors and sustaining its trajectory toward profitability.