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Titomic Limited (ASX:TTT)

ALERT: Price-sensitive ASX Announcement for TTT
Current share price for TTT : $0.210 -0.075 (-26.32%)+
Announcement
Release
30 Apr 2026 9:27AM
Price at Release
$0.285
Full Release
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Summary
The quarterly report for Titomic Limited, as of March 31, 2026, outlines significant financial and operational activities. Titomic is preparing to redomicile to the United States to support its defense sector expansion and enhance participation in specific U.S. programs. Key partnerships and contracts were secured, including a Space Act Agreement with NASA, and collaborations with the Royal Netherlands Aerospace Center and Deutsche Bahn. Financially, Titomic reported a net cash outflow of AUD 6.1 million from operations and AUD 4.4 million from investing activities. The company is positioning itself for future growth with strategic certifications and leadership appointments to bolster its presence in the aerospace and defense industries.
Key Points
  • Titomic plans to redomicile to the United States by H2 2026.
  • Entered a Space Act Agreement with NASA to test cold spray technology.
  • Secured EUR 1.0 million contract from the Royal Netherlands Aerospace Center.
  • Received purchase orders from Deutsche Bahn and Iowa State University.
  • Achieved DNV qualification for oil and gas and AS9100 certification in Huntsville.
  • Appointed Lt Gen Henry “Trey” Obering as Independent Non-Executive Director.
  • Net cash used in operations was AUD 6.1 million, and in investing, AUD 4.4 million.
  • Maintained AUD 25.5 million cash at the end of the quarter.
  • Expected break-even cash flow in 2027, with an estimated 4.2 quarters of funding available.
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.