Norsk Titanium (NTI) Q1 2026 TU earnings summary

Executive summary

• Revenue increased to USD 1.1 million in Q1 2026, nearly doubling from USD 0.6 million in Q1 2025, driven by progress in funded development and early-stage commercial activities.

• Signed a collaboration agreement with Airbus for joint development and industrialization of RPDⓇ technology, including machine installation at Airbus' Varel facility.

• Resumed and expanded deliveries of titanium wafer carrier trays to Hittech, with volumes expected to increase significantly in 2026 and beyond.

• Achieved successful qualification and transition to serial production with General Atomics Aeronautical Systems, Inc. (GA-ASI) for defense applications.

• Awarded the Safran 2026 Supplier Innovation Award, validating the company's additive manufacturing capabilities.

Financial highlights

• Q1 2026 revenue reached USD 1.1 million, up from USD 0.6 million in Q1 2025.

• Average monthly cash burn was USD 2.1 million in Q1 2026, improved from USD 2.3 million in Q4 2025.

• Quarter-end cash balance stood at USD 13.3 million, including foreign exchange gains.

• Revenue for 2026 is expected to be weighted toward the second half of the year.

Outlook and guidance

• Expects continued year-on-year revenue growth, with a focus on converting qualified programs into recurring production revenue.

• Preparing to raise additional capital in 2026, supported by largest shareholders.

• Anticipates increased business volumes in semiconductor and aerospace segments.