FBR (FBR) H2 2026 earnings summary

Executive summary

• FY26 marked a period of operational recalibration, cost rationalisation, and commercial realignment, following a major restructuring in late FY25.

• Focus shifted from R&D to commercialisation of core robotic automation platforms, with new product launches and contract R&D initiatives.

• The company advanced its Mantis™ welding robot, launched Firehawk™, and continued to develop Hadrian® for both WaaS® and direct sales.

• A capital consolidation was completed to improve marketability and capital structure.

Financial highlights

• Revenue for FY26 was $22,897, down 98% from $1,310,196 in FY25, reflecting a shift in the operating model.

• R&D tax rebate income increased to $6.5m (FY25: $3.4m).

• Pre-tax loss narrowed to $9,434,302 from $82,953,832 in FY25, mainly due to the absence of large impairment charges seen in the prior year.

• Net cash outflows from operating and investing activities totaled $2.63m for the year.

• Cash and cash equivalents at year-end were $27,814.

Outlook and guidance

• The company expects further Mantis™ orders post-Factory Acceptance Testing and is pursuing new WaaS® and Hadrian® unit sales.

• Ongoing contract R&D with Samsung Heavy Industries and partnership discussions for Firehawk™ are anticipated to drive future growth.

• Management remains confident in securing alternative funding if required, despite material uncertainty regarding going concern.