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Orbital Corporation Limited (ASX:OEC)

ALERT: Price-sensitive ASX Announcement for OEC
Current share price for OEC : $0.135 -0.02 (-12.90%)+
Announcement
Release
31 Jul 2026 8:31AM
Price at Release
$0.155
Full Release
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Summary
Orbital Corporation Limited (ASX: OEC) released its Quarterly Activities Report and Appendix 4C Cash Flow Report for the quarter ending 30 June 2026. The company, which specializes in integrated heavy-fuel propulsion systems for tactical unmanned aerial vehicles (UAVs), highlighted its strategic growth by securing new orders in the United States, India, and the Middle East. Orbital advanced its presence in the US commercial UAV sector and continued to develop its Power by the Hour service model. For the quarter, the company reported cash receipts of $1.3 million and a net operating cash outflow of $0.8 million, ending with a cash balance of $1.7 million. Orbital also mentioned orders worth $3.7 million scheduled for Q1 FY2027. The company aims to transition into a diversified propulsion technology provider, addressing markets in defense, commercial, and autonomous aviation.
Key Points
  • Orbital Corporation's strategic expansion into US, India, and Middle East markets.
  • Developments in US commercial UAV sector and Power by the Hour service model.
  • Quarterly cash receipts of $1.3 million and net operating cash outflow of $0.8 million.
  • Closing cash balance of $1.7 million with additional undrawn facilities.
  • Orders worth $3.7 million scheduled for Q1 FY2027.
  • Focus on expanding into Attritable defense systems market.
  • Aim to become a diversified propulsion technology provider.
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.