Directa Plus shares drop 23% on cash slump, warns fresh funding needed
Directa Plus PLC shares plunged 23% to 10.44p after the graphene specialist reported a steep cash decline and warned it will require additional funding to support 2026 growth. The company projects full-year revenues of €7.0 million, up from €6.66 million, and an adjusted EBITDA loss of approximately €2.5 million.
1. Directa Plus Shares Slide 23% on Cash Shortfall
Shares in Directa Plus PLC, the AIM-listed graphene specialist, tumbled 23% to 10.44p after the company reported that cash reserves plunged to €1.2 million at year-end, down from €4.8 million twelve months earlier. Management warned that without fresh capital injections, it will be unable to fund planned expansions into new industrial applications in 2026. Directa Plus expects full-year revenues of €7.0 million, up modestly from €6.66 million in 2024, but anticipates an adjusted loss before interest, tax, depreciation and amortisation of approximately €2.5 million. The firm noted that working capital constraints have already delayed pilot programs with several key customers in the UK and Europe, intensifying the need for a fundraise in the coming months.