Titomic (TTT) H1 2026 earnings summary

Executive summary

• Report covers the half-year ended 30 June 2026, with comparatives to the half-year ended 30 June 2025 and financial position as at 31 December 2025.

• Focus remains on scaling U.S. production, certification, and operational expansion in defense and industrial markets.

• No dividends were paid or declared for the current or previous periods.

Financial highlights

• Revenue from ordinary activities decreased 11.1% to $4,869,881 compared to the same period last year.

• Net loss after tax increased 45.3% to $19,351,495 year-over-year.

• Total comprehensive loss attributable to owners rose 45.4% to $20,231,455.

• Cash at 30 June 2026 was $14,256,743, down from $35,765,201 at 31 December 2025.

• Net tangible assets per ordinary security fell to $0.0195 from $0.0299.

Outlook and guidance

• Revenue growth is expected for the remainder of 2026, driven by defense contracts, energy, maritime sustainment, and machine sales.

• Management targets annualized operating cash flow breakeven during 2027, contingent on revenue growth, production ramp-up, and financing.