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FBR Ltd (ASX:FBR)

ALERT: Price-sensitive ASX Announcement for FBR
Current share price for FBR : $0.070 0.067 (2,233.33%)+
Announcement
Release
29 Jan 2026 10:01AM
Price at Release
$0.003
Full Release
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Summary
FBR Limited's quarterly report for December 2025 highlights several key developments. The company completed the Factory Acceptance Test for its Hadrian bricklaying robot, achieving a new speed record and preparing for commercial deployment. A Memorandum of Understanding was signed for the sale of a Hadrian unit to Fraser Lyne Constructions, and a successful demonstration of a shipbuilding robot prototype was completed for Samsung Heavy Industries. The company also received its first binding purchase order for a Mantis welding robot. Financially, the report details net cash used in operating activities of $2.1 million, a cash balance of $870,000 at quarter-end, and various financing activities, including a $20 million Share Subscription Facility. FBR continues to explore additional financing options and is applying for a grant from the Western Australian Government's Housing Innovation Fund.
Key Points
  • Factory Acceptance Test for Hadrian unit completed with a speed record.
  • Memorandum of Understanding for Hadrian unit sale to Fraser Lyne Constructions.
  • Successful demonstration of shipbuilding robot prototype for Samsung.
  • First binding purchase order for Mantis welding robot received.
  • Net cash used in operating activities: $2.1 million.
  • Cash balance at quarter-end: $870,000.
  • Share Subscription Facility of $20 million established.
  • Exploration of additional financing options and government grant application.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.