Gelion Plc · LSE:GELN
Gelion — FY2026 Earnings Presentation
27 slides from Gelion's earnings presentation, October 2026
Slide 1: A New Era for Sulfur Cathodes: FY 2026 Results and Strategy
A New Era for Sulfur FY 2026 RESULTS AND STRATEGY PRESENTATION October 2026 Cathodes gelion.com [email protected]
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer The information contained in this document (“Presentation”) has been prepared by Gelion plc (the “Company”) solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate the
Slide 3: Presentation Team
Presentation Team Matt Wood Matt brings more than 20 years’ experience at Cabot Corporation and BP. He is a results-driven business leader who has delivered rapid growth in complex and challenging markets. Having lived and worked in Europe, Asia and Chief Executive Officer North America, Matt brings
Slide 4: Gelion: The Sulfur Battery Technology Company
Gelion : The Sulfur Battery Technology Company Gelion is an advanced battery materials company developing and commercialising proprietary sulfur cathode technology: Nano -Encapsulated Sulfur (NES ) Proprietary High -Performance Abundant Drop -In Li -ion CAM LI -ION CATHODE GELION NES TM CAM LI -ION
Slide 5: Our Mission
OUR MISSION To establish Gelion’s proprietary sulfur cathode technology as a compelling replacement for incumbent NMC & LFP technologies. GELION INVESTOR PRESENTATION | OCTOBER 2026 5
Slide 6: Sulfur is abundant and geographically widespread
>20x more sulfur produced each year than nickel, cobalt and lithium combined GLOBAL Ni + Co + Li SUPPLY Sulfur is GLOBAL SULFUR SUPPLY abundant and Source: Universal Trades 2026; USGS Commodity Summary Lithium, Nickel, Cobalt US, EU, AU geographically LFP CHINA widespread Sulfur offers the most HIGH
Slide 7: The Case for Gelion's NES
The Case for Gelion’s NES TM Solving the sulfur battery challenge THE SOLUTION WHY SULFUR? Nano -Encapsulation THE RESULTS High Capacity Up to 50% lighter than Li-ion High Energy Density Global Abundance THE PROBLEM High Power Polysulfide Shuttle Effect (PSE) Stable Cycle Life Capacity Fade Broad Te
Slide 8: Partnership Progress
Partnership Progress Collaborations across technology development, validation and scale -up are advancing NES towards commercialisation EXISTING PARTNERSHIPS NEW PARTNERSHIPS • Ongoing technology • First EV program for NES development & knowledge • Integrate NES into next-gen • First co-funded evalu
Slide 9: Key Financial Metrics
Key Financial TOTAL INCOME £2.5m (2025: £2.7m) Metrics Maintaining disciplined ADJUSTED EBITDA LOSS £ 4.4m (2025: £4.1m) investment while advancing priority technology and partnership milestones PROFORMA CASH AND CASH EQUIVALENTS £9.6m (2025: £4.1m) GELION INVESTOR PRESENTATION | OCTOBER 2026 9
Slide 10: Financial Results
GELION INVESTOR PRESENTATION October 2026 Financial Results
Slide 11: Financial performance summary
Financial performance summary Financial year ended 30 June 2026 FY25 FY26 Actual results ahead of expectations across all key financial £m Audited Audited metrics Grant income/ R&D tax incentives/credit 1.8 2.4 • Lower total income partially offset by higher grants / R&D tax benefits Product revenue
Slide 12: Performance vs Consensus
Performance vs Consensus 1 Financial year ended 30 June 2026 Actual Market Variance Variance Status Audited Expectations £m £m £m % Better/Worse Total Income 2.5 2.1 0.4 17.1 Better Adjusted EBITDA Loss2 (4.4) (4.9) 0.5 10.4 Better Adjusted PBT (5.3) (5.7) 0.3 5.9 Better Reported cash & cash equival
Slide 13: Key Financial Metrics
TOTAL INCOME ADJUSTED EBITDA LOSS* 2,711 2,463 49 2,054 912 £000 1,988 £000 2,414 5,934 2,054 1,988 4,820 1,799 4,095 4,393 FY23 Actual FY24 Actual Product revenue FY25 Actual FY26 Actual R&D Tax / Grant Income FY23 Actual FY24 Actual FY25 Actual FY26 Actual Key Financial GRANT -FUNDED R&D % UNDERLY
Slide 14: Technical Progress
GELION INVESTOR PRESENTATION October 2026 Technical Progress
Slide 15: Pouch Cell Testing and Development
Pouch Cell Testing and Development Collaborations fast -track pathway to commercially relevant cells Tier -1 Cell Producer Pouch cells assembled at Tier-1 partner’s facility Pouch cell assembled and tested at QinetiQ (UK headquartered defense/ aerospace) Exceptional durability under conditions Compl
Slide 16: Pouch cell progress across Japan, Europe and USA
Collaboration across Japan, Europe and USA Pouch cells in Japan and Europe, exceptional results in US Government labs 92% capacity retention from 0.1C to 2C Pouch Cell Progress • Incorporation of optimized NES materials & cell operation parameters • On-track towards large-format cells 1200 0.1 C 0.2
Slide 17: Validated Performance
Validated Performance Strong Product -Market -Fit validated for Drones and EVs 2026 Commitments 1: LITHIUM METAL GRAPHITIC ANODE ANODE Validate NES in commercial pouch cell prototypes DEFENCE AND COMMERCIAL DRONES, AEROSPACE EVS & DEVICES Validate NES in Asia, UK and USA COMPATIBILITY, ADVANTAGE & P
Slide 18: Business Strategy
GELION INVESTOR PRESENTATION October 2026 Business Strategy
Slide 19: Why Sulfur and Why Cathodes?
Why Sulfur and Why Cathodes ? As battery demand expands, cathode materials remain central to performance, cost and supply -chain strategy . GELION INVESTOR PRESENTATION | OCTOBER 2026 Source: Benchmark Mineral Intelligence, Battery Snapshot Q2 2026, 2026. 19
Slide 20: The Case for Focus
The Case for Focus Proprietary Nano -Encapsulated Integration Solutions Battery Recycling Sulfur (NES ) CAM ✓ Market-validated proprietary technology. • No proprietary technology advantage • Proprietary technology ✓ Commercial revenue recognition in 2027 • Challenging market conditions • Highly capa
Slide 21: The Drive to Commercialise
The Drive to Commercialise Gelion’s Three Strategic Pillars COMMERCIALISE DEMONSTRATE DISCOVER GELION INVESTOR PRESENTATION | OCTOBER 2026 21
Slide 22: The Drive to Commercialise: Three Strategic Pillars
The Drive to Commercialise Gelion’s Three Strategic Pillars COMMERCIALISE DEMONSTRATE DISCOVER NES for Defence and Aerospace NES for SSB for EVs New cell applications for NES NES FOR LI METAL CELLS NES TM WITH SOLID -STATE ELECTROLYTE THROUGH FUNDED PROGRAMS WITH SELECTED PARTNERS NES for Commercial
Slide 23: Delivering the Next Phase of Growth
Li METAL GRAPHITIC SOLID STATE MARKET Delivering the LAB -SCALE PILOT -SCALE Next Phase of COMMERCIAL -SCALE Growth PRODUCE Partnerships In Discussion Advancing strategic partnerships and manufacturing readiness to VALIDATE Asia EU USA support commercial deployment of NES GELION -GENERATED IP MAX PL
Slide 24: One material, multiple battery platforms
Li METAL GRAPHITIC SOLID STATE MARKET LAB -SCALE PILOT -SCALE COMMERCIAL -SCALE PRODUCE Partnerships In Discussion VALIDATE Asia EU USA One material, multiple battery GELION -GENERATED IP MAX PLANCK INSTITUTE STRONG IP platforms, IP FOUNDATION JOHNSON MATTHEY OXIS/ OXLiD multiple applications GELION
Slide 25: Looking ahead for Gelion
Looking ahead for Gelion Turn partnerships into revenue – and scale production to support them. Partnerships Deliver against Add discrete number Commercial milestones for of targeted new revenue in FY27 from existing drone and EV partner agreements collaborations partnerships Deliver increased Scale
Slide 26: Key Takeaways
Continued progress Strong financials on validation and Key and financial stewardship partnerships, as promised Takeaways Four signals of focused Clear strategic focus Momentum strategy and disciplined on commercialising building in target execution NES cathode markets - Drones opportunity and EVs GE
Slide 27: Thank you.
GELION INVESTOR PRESENTATION Thank you. October 2026 gelion.com [email protected]