Titomic (TTT) Q1 2027 TU earnings summary

Executive summary

• Q3 2026 marked a shift toward scaled manufacturing, with post-quarter order wins and more than AUD 30m in new capital supporting expansion and the path to 2027 cash flow break-even.

• Since September, 17 U.S. and European orders were announced across defense, aerospace, energy and industrial markets; reported order value exceeded AUD 11.8m.

Financial highlights

• Q3 customer receipts were AUD 2.6m, up from AUD 1.5m in the prior quarter; 9M receipts were AUD 7.8m.

• Net cash used in operations was AUD 10.4m, versus AUD 8.3m in the prior quarter; investing outflow was AUD 0.7m, versus AUD 2.3m.

• Cash at quarter end was AUD 18.1m; net financing cash inflow was AUD 15.1m, including AUD 16.5m gross equity proceeds and AUD 1.1m equity-issue costs.

• 9M net cash used in operations was AUD 24.9m and investing outflow was AUD 7.4m.

Outlook and guidance

• Cash flow and EBITDA break-even are expected during 2027, supported by the order pipeline, expected customer receipts and operating-cost discipline.

• Semiconductor full-rate production is expected to generate EUR 0.9m (AUD 1.5m) revenue in 2027, potentially rising to EUR 2.0m (AUD 3.2m) in 2028, subject to customer requirements.

• Management expects Q4 2026 customer receipts and orders to grow, with receipts supported by AUD 11.6m of orders received since early September.

• A global restructure targeting AUD 3.0m in annualized savings was expected to be completed by end-October; AUD 0.6m implementation costs were estimated for Q4 2026.