Titomic (TTT) Q1 2025 TU earnings summary

Executive summary

• Leadership expanded with Jim Simpson as incoming CEO and U.S. President, and Dr Patricia Dare leading U.S. defense and aerospace sales.

• Strategic U.S. expansion underway with new headquarters and manufacturing facility in Huntsville, Alabama.

• Strong momentum in defense, aerospace, and oil & gas sectors, including first U.S. Navy contract and major joint venture in Turkey.

• Innovation highlighted by launch of augmented reality suite for D523 system and participation in DNV ProGRAM for oil & gas standards.

Financial highlights

• FY2024 revenue increased 127% year-over-year to AUD 5.9 million.

• Order book reached AUD 10.0 million, with over AUD 8.0 million in orders since March 2024.

• Statutory net loss after tax reduced to AUD 11.9 million from AUD 15.7 million in FY2023.

• Successful upsized equity placement raised AUD 30.0 million at AUD 0.12 per share.

Outlook and guidance

• Focus on U.S. market expansion, especially in defense and aerospace, leveraging new leadership and facilities.

• Continued investment in innovation and standardization to drive adoption of cold spray technology.

• Short-term cash flow management remains a priority as expansion accelerates.