Hazer Group Ltd (ASX: HZR) today announced the successful approval and receipt of its Research and Development (R&D) tax incentive refund for the 2026 financial year, totalling A$2.3 million. Hazer Group is an Australian technology company, driving global decarbonisation efforts with the commercialisation of its disruptive world-leading climate-tech. Its proprietary Hazer Process enables the production of clean and economically competitive hydrogen and high-quality graphite using a natural gas (or biogas) feedstock and iron-ore as the process catalyst. This substantial refund directly relates to eligible R&D expenditure incurred by the company throughout the 2026 financial year, reinforcing its commitment to innovation.
In addition to the received funds, Hazer Group anticipates a further refund of A$0.3 million later this quarter, following a successful eligibility assessment of its overseas expenditure. This ongoing support from the Australian Federal Government’s R&D Tax Incentive program is designed to bolster Australian innovation by offering tax incentives for eligible research and development activities, thereby fostering crucial technological advancements and economic growth within the nation’s industry.
Glenn Corrie, Chief Executive Officer of Hazer Group, highlighted the strategic importance of this financial injection. He commented that the receipt of the FY26 R&D tax refund “provides further non-dilutive funding to support Hazer’s ongoing commercialisation strategy.” Mr Corrie further explained that the refund “recognises our continued investment in advancing our proprietary methane pyrolysis process and further strengthens our liquidity position as we progress towards commercial deployment.” This funding is expected to play a crucial role as Hazer Group advances its plans for the broader commercial deployment of its innovative technology.
