Titomic (TTT) H2 2026 earnings summary

Executive summary

• Achieved key milestones in defense and semiconductor sectors, including a successful hot fire test for a U.S. defense prime and first Low Rate Initial Production order in semiconductors.

• Expanded global footprint with new headquarters in Huntsville, Alabama, and a roboticized facility in Heerenveen, Netherlands.

• Strengthened leadership and advisory teams to support scaling and strategic engagement in defense and aerospace.

Financial highlights

• Revenue for the six months ended 31 December 2025 was $5.27M, compared to $9.43M for the 12 months ended 30 June 2025.

• Net loss after tax for the six months was $17.85M (12 months to June 2025: $19.89M loss).

• Cash at period end was $35.77M, up from $8.93M at 30 June 2025, following a $50M capital raise.

• Total expenses for the six months were $23.12M, including $4.3M in non-cash costs.

• Gross margin and utilization are improving as production matures.

Outlook and guidance

• Material revenue growth expected in 2026, driven by defense contracts, energy and maritime sustainment, and machine sales.

• Targeting significant progress toward annualized operating cash flow breakeven in 2027.

• Anticipates reduced cash burn as new facilities become fully operational.