Quadrise’s first half update presents a clearer investment case: the company is moving more of its pipeline into defined commercial and operational stages. Revenue for the six months to 31 December 2025 was still low at £45,000, but the more relevant point is that several projects are now progressing at the same time, giving the business more than one route to future income.
The numbers still reflect an early-stage commercial model. Pre-tax loss increased to £2.0 million from £1.7 million as Quadrise continued to fund product development and trial activity. The company ended the period with £4.0 million of cash, compared with £1.4 million a year earlier, leaving it in a stronger position to move current programmes forward.
Quadrise’s marine strategy remains central, with MSC and Cargill working with the company to complete legal agreements for vessel trials. Once these are in place, installation and commissioning work is expected to begin in Antwerp, followed by operational testing on an MSC vessel. The trial structure is practical and commercially relevant, starting with MSAR proof of concept work, moving into bioMSAR testing and then into a 4,000-hour operational phase.
In Morocco, Quadrise and OCP remain focused on taking MSAR trials forward with a revised plan for an alternative location. In Panama, permitting is progressing for both MSAR and bioMSAR following successful testing at Sparkle Power’s El Giral plant, while feedstock discussions continue alongside that work. In Utah, the amended Valkor agreement adds a firmer commercial element, with US$1.0 million in licence payments due through to June 2026 and additional potential from equipment and services.
Quadrise plc (LON:QED) is an energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications. Quadrise technologies produce transition fuels called MSAR® and bioMSAR™, which allow clients in the shipping, utilities and industrial sectors to reduce carbon emissions whilst also saving costs.
