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    Quadrise

    MCap

    GBP34m

    Last close

    GBP0.02

    ▲ 0.22 (13.10%)

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Quadrise (AIM: QED)

Last close As at 14/11/2024

GBP0.02

▲ 0.22 (13.10%)

Market capitalisation

GBP34m

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 loss after tax of £2.9m for FY24 (£3.1m FY23), of which £1.5m (£1.7m FY23) is attributable to production and development costs and £1.3.(£1.3m FY23) relates to administrative and corporate expenses. The company’s cash balance at FY24 stood at £3.0m (£1.3m FY23).

Latest Insights

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Industrials | Update

Quadrise — Funding the gap to commercial revenues

Industrials | Flash note

Quadrise — Tests identify new pathway to bioMSAR Zero

Industrials | Update

Quadrise — Closer to commercial revenues

Industrials | Update

Quadrise Fuels International — Key role in transitioning to net-zero
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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 28.6 (2.1) 41.9
Relative 32.0 0.3 30.2
52 week high/low 3.1p/1.2p

Financials

Quadrise continues to advance towards commercialisation, with each of its projects at key milestones. Valkor’s project sponsors received approval from the State of Utah to commercialise heavy sweet oil production, with initial wells now drilled and producing oil. A commercial framework agreement has been signed with OCP in Morocco, with commercial discussions with third parties for MSAR supply to OCP underway and a paid-for trial at a second OCP site due to commence. Preparatory steps for the MSC fuel trials are now complete and a three-way agreement with MSC and biofuel supplier Cargill is nearing finalisation, with Quadrise equipment installation at the MAC² facility in Antwerp to commence once signed.

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2023A 0.0 (3.0) (3.1) (0.21) N/A N/A
2024A 0.0 (2.6) (2.8) (0.16) N/A N/A
2025E N/A N/A N/A N/A N/A N/A
2026E N/A N/A N/A N/A N/A N/A

Research

Flash note

Industrials

Quadrise — Tests identify new pathway to bioMSAR Zero

Update

Industrials

Quadrise — Closer to commercial revenues

Industrials

Update

Quadrise — Funding the gap to commercial revenues
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