• Revenue down 13% to $593,864
• Loss up 6% to $16.9 million
• Completed Hadrian X Demonstration Program with CRH Ventures
• Raised $20.5 million through share placements and SPP

In the FY25 half year, FBR Ltd generated $593,864 revenue, down approximately $89,000 on the previous period, derived largely from the proceeds of residential land sales. The company's first next-generation Hadrian X construction robot arrived in the United States in early July 2024 and completed Site Acceptance Testing at Fort Myers ahead of commencement of the Demonstration Program for CRH Ventures. FBR constructed the external walls of nine homes in the Demonstration Program, with one of the homes being built in a single day. The company reached an agreement with CRH Ventures that the capabilities of the Hadrian X had been adequately demonstrated throughout the Demonstration Program and deemed the Program complete. FBR also signed a Master Trade Contractor Agreement to build a demonstration home with the third largest homebuilder in the USA, PulteGroup. The loss for the period was $16,867,245 (2023: $15,884,805) including an R&D tax rebate of $2,257,867, cost of goods sold of $608,284, professional services, corporate administration, director and employee remuneration of $11,346,657, Development costs of $783,310 and non-cash share-based payments, depreciation, amortisation and impairment of $5,675,550 and USA Deployment costs of $1,891,123. The company completed a strongly supported Share Placement to raise $12.5 million and a fully underwritten Share Purchase Plan which raised $8 million.