The company was delisted from Nasdaq on February 24, 2026, due to deficiencies under market value of listed securities and market value of publicly held shares requirements. Following delisting on November 13, 2025, Graphjet began trading on OTC Markets under ticker GTIJF and submitted a formal appeal on November 25, 2025, requesting Nasdaq review and reverse the delisting decision with a detailed compliance plan.
Cyborg Score Rationale
Graphjet reported TTM revenue of $93K with net income of -$16.4M and a net profit margin of -17688.6%. Stock has declined 100% over the past year. Current ratio of 0.02 indicates severe short-term liquidity challenges.
Top Insights
In August 2025, company completed testing and commissioning of new machinery and can produce graphite up to industry standards.
Nasdaq Listing Council affirmed delisting decision on February 24, 2026, after initial panel decision on November 11, 2025.
As of May 26, 2026, market cap was $19.6K with TTM revenue of $92.8K.
Company operates single manufacturing facility in Malaysia with focus on palm kernel shell-based sustainable graphene production for EV and medical applications.
Named Competitors
CVD graphene — Chemical vapor deposition graphene production
Natural graphite mining — Traditional graphite mining and processing
Battery anode materials — Synthetic and natural graphite for EV batteries
Recent Developments
(February 2026) Nasdaq Listing Council affirmed delisting decision
(January 2026) Filed registration statement for securities offering
(December 2025) Published Q4 2025 annual report and filed multiple registration statements
Open the full interactive Graphjet Technology Sdn. Bhd. report
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