Titomic (TTT) Q1 2026 TU earnings summary

Executive summary

• Opened a new advanced manufacturing facility in Heerenveen, Netherlands, expanding European operations and innovation in cold spray technology.

• Established Titomic UK Limited to deliver advanced additive manufacturing and coating solutions in the UK.

• Completed a A$50 million share placement to fund global expansion and growth initiatives.

• Formed strategic partnerships with Amaero for metal powder supply and Evology for additive manufacturing innovation.

• Achieved the 50th train carriage refurbishment milestone using cold spray technology, demonstrating industrial adoption.

• Strengthened leadership with key appointments across Asia-Pacific, Oil & Gas, UK, EMEA, and the U.S. Strategic Advisory Group.

Financial highlights

• Customer receipts for Q1 FY2026 were AUD 1.3 million.

• Net cash used in operations was AUD 7.3 million, up from AUD 5.2 million in the prior quarter, mainly due to higher manufacturing and staff costs.

• Net cash used in investing activities was AUD 5.0 million, primarily for commissioning new facilities.

• Net cash provided by financing activities was AUD 50.6 million, reflecting the capital raise.

• Cash at end of quarter was AUD 46.9 million.

Outlook and guidance

• Sequential revenue growth expected through FY26, with a target to achieve break-even operating cash flow by CY2027.

• Operating leverage anticipated to improve as recurring contracts offset fixed costs.

• Estimated 6.4 quarters of funding available; no further capital raises expected in the near term.