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Metal Powder Works Limited (ASX:MPW)

ALERT: Price-sensitive ASX Announcement for MPW
Current share price for MPW : $1.780 -0.02 (-1.11%)+
Announcement
Release
31 Jul 2026 8:46AM
Price at Release
$1.800
Full Release
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Summary
Metal Powder Works Limited, an Australian specialty materials company listed on the ASX (ASX: MPW), released its June 2026 Quarterly Activities Report detailing significant achievements and financial updates. The company reported a growth in its active customer base to 100 clients, driven by an enhanced sales strategy and new partnerships such as the Powder Partner Program with Jet Metals. Key developments include the successful commissioning of the Next Gen #1 production unit, which enhances output significantly over previous systems, and participation in the RIMPAC 2026 naval exercises with their M-175 DirectPowder™ system. Financially, MPW ended the quarter with a cash balance of A$10.530 million and no debt. Despite operating cash outflows, the company aims to focus on converting its sales pipeline into revenue in the coming fiscal year.
Key Points
  • MPW's quarterly activities report for June 2026.
  • Growth in active customer base to 100.
  • Execution of a Powder Partner Program agreement with Jet Metals.
  • Successful testing and commissioning of Next Gen #1 production unit.
  • Participation in RIMPAC 2026 naval exercises.
  • Ending cash balance of A$10.530 million with no debt.
  • Focus on converting sales pipeline into revenue in the next fiscal year.
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.