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Orbital Corporation Limited (ASX:OEC)

ALERT: Price-sensitive ASX Announcement for OEC
Current share price for OEC : $0.170 0 (0%)+
Announcement
Release
29 Apr 2026 11:29AM
Price at Release
$0.170
Full Release
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Summary
Orbital Corporation Limited's Quarterly Activities and Appendix 4C Cash Flow Report for the period ended 31 March 2026 highlights key activities and financial results. The company specializes in heavy-fuel propulsion systems for tactical unmanned aerial vehicles and operates production facilities in Australia and the US. Key activities included ongoing production and new customer acquisitions in defence and commercial sectors, notably in the US and Asia-Pacific regions. The report notes cash receipts of $1.6 million, net cash outflows of $0.5 million, and a closing cash balance of $2 million. Significant progress was made in product development, including the ICE-Electric Hybrid propulsion system and the Generation 2 Power Management System. Orbital also secured new contracts in various regions, reflecting its business expansion. The estimated cash available for future operations stands at approximately $4 million, with a funding runway of 7.2 quarters.
Key Points
  • Orbital Corporation Limited designs propulsion systems for tactical UAVs.
  • Production and delivery activities continued for US and Asia-Pacific programs.
  • Net cash outflow from operations was $0.5 million with a $2 million closing cash balance.
  • Development of ICE-Electric Hybrid propulsion system and Generation 2 PMS.
  • Secured new contracts across defence and commercial sectors.
  • Estimated cash available for future operations is $4 million, covering 7.2 quarters.
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.