NanoXplore Inc., a leading graphene company, reported its financial results for Q4-2026 and the full fiscal year 2026 on September 15, 2026. For Q4-2026, NanoXplore saw total revenues increase by 7% to $33,905,991 from $31,685,923 in the previous year, but experienced a decreased adjusted EBITDA of $1,908,431 compared to $2,475,379. For the fiscal year 2026, revenues declined by 9% to $117,276,309 from $128,918,388 in the previous year with an adjusted EBITDA of $1,922,206 compared to $6,122,283. The company anticipates revenues between $130M and $140M for fiscal year 2027 and between $160M and $170M for fiscal year 2028.
Written by the local model on 2026-09-15,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, reported its financial results today for the year ended June 30, 2026.
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Inc. → lead → year
All amounts in this press release are in Canadian dollars, unless stated otherwise.
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amounts → state → dollars
Based on the visibility we have today and the various initiatives in progress or that will begin to produce returns during the year, we anticipate total revenues for fiscal year 2027 between $130M and $140M. In addition, we expect revenues for fiscal year 2028 between $160M and $170M.
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OVERVIEW
Rocco Marinaccio, President & Chief Executive Officer, stated: “After a challenging start to the year, I am pleased overall with our fiscal year 2026 performance.
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I → state → performance
During the year, we had to mitigate significant volume drop by adjusting our operating cost structure while also launching new programs, managing material price increases and setting up a new plant.
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we → have → plant
The entire team delivered great results in a challenging context.
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team → deliver → context
We are in the strongest position we have ever been as a Company — a solid balance sheet, a robust $35 million pipeline of graphene-enhanced Solutions business launching over the next 18 months, and an innovative new product launch in our D Series graphene that is opening entirely new, high-margin markets for the Corporation.
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that → enhance → Corporation
In the past year we launched our state-of-the-art facility in Statesville, North Carolina, supplying Club Car, formalized our partnership with Chevron Phillips Chemical, supplying an innovative lubricant additive for the oil and gas industry, and achieved our best safety record in Company history, reducing our total recordable injury frequency by two-thirds.
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we → launch → thirds
Looking ahead, we see high-margin opportunities commercializing in fiscal year 2027 across insulating foams, thin films, and drilling fluids.
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we → look → foams
We have also sharpened VoltaXplore’s strategy around the market where our cell technology is most differentiated and where we can capture the most value: supplying high-performance cells to defence and other high-power, high-energy applications such as UAVs — a fast-growing North American market with very few domestic suppliers.
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we → sharpen → suppliers
Combined with the stability of our graphene-enhanced Solutions business, we anticipate fiscal 2027 revenue growth between 11-20%, with revenues between $130 million and $140 million, and expect to deliver positive free cash flow — which would represent record highs for NanoXplore.”
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which → combine → NanoXplore
(1) Adjusted gross margin is a non-IFRS measure and a reconciliation can be found in the “Overall Results” section.
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reconciliation → find → section
(2) Adjusted EBITDA is a non-IFRS measure and a reconciliation can be found in the “Overall Results” section.
BUSINESS UPDATE
During the year ended June 30, 2026, the Corporation continued to focus on developing markets for its graphene products as well as downstream pre-mixed additives, masterbatches, concentrates and products that facilitate customer adoption.
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that → find → adoption
In this regard, the Corporation has been successful integrating GrapheneBlack® into multiple product streams, both internally and externally, and has also advanced its D-Series dry-processed graphene platform for applications where different graphene characteristics are required.
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characteristics → integrate → applications
Through this market development work, the Corporation has determined that a single graphene product is not expected to deliver optimal performance across all applications, and that tailoring graphene characteristics to specific end-use requirements is an important differentiator of its manufacturing platform.
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tailoring → determine → platform
The Corporation continues to engage with potential customers who are validating GrapheneBlack®, D-Series graphene, and related graphene-enhanced masterbatches, concentrates, and products.
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who → continue → GrapheneBlack
On September 18, 2025, the Corporation announced the signing of a multi-year supply agreement with Chevron Phillips Chemical Company (“CP Chem”) for the sale of TriboGraf®, the Corporation’s proprietary carbon product used as a formulation additive in drilling fluids to increase lubricity.
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Corporation → announce → lubricity
This was the culmination of over 18 months of collaborative work between the companies through lab tests and well trials that produced exceptional results by significantly reducing costs to the operators by saving approximately 20% drilling time and wear on drilling equipment.
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that → produce → equipment
This formulation is marketed by CP Chem as NanoSlide®.
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formulation → market → NanoSlide
Following the exceptional performance of NanoSlide® in well trials, CP Chem initially expected near-term commercial activity that would have resulted in additional product shipments by the Corporation.
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that → follow → Corporation
However, CP Chem subsequently advised the Corporation that the anticipated customer opportunity did not proceed because CP Chem lost a major customer due to customer-specific commercial considerations unrelated to the performance of NanoSlide®.
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Chem → advise → NanoSlide
As a result, the timing of additional product shipments by the Corporation has shifted to the qualification and adoption timelines of CP Chem’s broader prospective customer base.
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timing → shift → base
As of the date of this MD&A, CP Chem has shipped NanoSlide® samples to multiple prospective customers for evaluation, and all customers that have completed laboratory testing have confirmed that NanoSlide® performs as intended.
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NanoSlide → ship → testing
These results continue to support the technical value proposition demonstrated during the initial well trials.
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results → continue → trials
The next phase of customer evaluation involves well trials, which are the key determinant in advancing toward commercial adoption.
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which → involve → adoption
Although commercialization has progressed more slowly than initially anticipated due to the loss of this initial customer opportunity, CP Chem and NanoXplore remain confident that NanoSlide® is a high-performance, cost-effective lubricant with significant market potential.
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NanoSlide → progress → potential
As prospective customers continue to advance through testing and qualification, the companies believe NanoSlide® remains well positioned for broader market adoption.
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NanoSlide → continue → adoption
Several years ago, the Corporation initiated a development program with a Fortune 500 producer of insulating foam products to enhance thermal insulation performance through the incorporation of graphene.
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Corporation → initiate → graphene
The formulation is currently being optimized ahead of final plant trials anticipated in early 2027.
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formulation → optimize → 2027
Insights gained through this collaboration have enabled the Corporation to expand its market development activities across the insulating foam sector, resulting in ongoing projects with leading manufacturers that collectively account for approximately 80% of the North American market.
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that → gain → market
Some of these programs are expected to commercialize during fiscal year 2027.
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One major customer intends to replace its current additive in some of its products with the Corporation’s product and is currently finalizing approvals to begin purchasing volumes for an immediate conversion.
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customer → intend → conversion
Based upon the customer’s preliminary demand indications, the Corporation anticipates approximately 1,000 MT per year of masterbatch, at a 30% graphene loading, in the first full year of production with the potential for additional volume growth thereafter.
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Additionally, the Corporation recently signed a Letter of Intent (“LOI”) with a leading global material supplier in the field of polyurethane (“PU”) foams.
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Corporation → sign → foams
Pursuant to the term of the LOI, this partner is expected to purchase graphene powder from the Corporation and produce shelf-stable graphene dispersions in polyol, which are used in the manufacture of PU foams.
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which → expect → foams
This partner maintains an extensive customer base across the United States and Europe and has helped identify a significant opportunity in the European foam market, where graphene may reduce or replace a commonly used halogenated flame retardant that is facing increasing regulatory scrutiny as the market transitions toward more sustainable and non-halogenated alternatives.
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market → maintain → alternatives
On June 15, 2026, the Corporation announced a technical innovation in partnership with Techmer PM LLC (“Techmer”), its longstanding partner on graphene enhancements for plastics.
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Industrial plastic films encompass landscape liners, protective films, pallet wraps, heavy-duty plastic bags and other industrial liners.
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films → encompass → liners
Consumer plastic films encompass trash bags and a variety of (non-food) consumer packaging.
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films → encompass → packaging
These applications represent a substantial addressable market for graphene-enhanced materials, given the scale of film production and the industry’s ongoing focus on material reduction, recycled content and improved product performance.
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applications → represent → reduction
…and 141 more, not listed.
The Aporia
