Gelion plc reports FY2026 results: loss widens as government funding covers more R&D

what happened

UK-based Gelion plc published audited results for the year ended 30 June 2026, according to Final Results. Total income came to £2.5 million, down from £2.7 million a year earlier, but 17.1% above the average analyst forecast. Most of the income came from UK and Australian government grants and R&D tax incentives.

The adjusted EBITDA loss widened to £4.4 million from £4.1 million, which was 10.4% better than consensus. The company linked the spending to work on its NES™ technology, partnerships and preparations for commercialisation. Pro forma cash and equivalents stood at £9.6 million, compared with £4.1 million on 30 June 2025, and the company has no debt.

why it matters

For the broader market these results change little, since Gelion is a small developer and its news mainly matters to its own shareholders. One notable detail is that funding from grants and tax credits covered 63.2% of R&D spending, up from 49.8%, showing greater reliance on outside money. Future developments will depend on whether the company converts its partnerships with battery makers and automakers into commercial contracts.

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