• Executes MoU for Hadrian X® unit sale to Habitat NT for A$7.8m
• Enters Engineering Services Agreement with Samsung Heavy Industries
• Launches DST-enabled welding robot 'Mantis' for large-scale fabrication industries

FBR Limited (ASX: FBR) has provided its quarterly update for the period ended 30 June 2025. Key highlights include the execution of an MoU for the sale of a Hadrian X® unit to Habitat NT for A$7.8 million, the signing of an Engineering Services Agreement with Samsung Heavy Industries to deliver the first phase of a project to automate processes involved in shipbuilding, and the launch of a new product, 'Mantis', a large-scale DST-enabled welding robot for use in heavy fabrication, shipbuilding and mining industries. The company continues to maintain and grow its IP portfolio, with a number of patent applications related to the Hadrian X® Next Generation robot entering the national phase. FBR also undertook a cost rationalisation program during the quarter to reduce its ongoing funding requirements, while continuing to accelerate revenue generation through the sale of Hadrian X® robots, paid R&D work, and the monetisation of its IP portfolio.

FBR continues discussions with various parties regarding opportunities for Wall as a Service® in the United States, including expressions of interest from several builders for potential projects. The company also continues to progress discussions with third-party financiers regarding potential funding options for Hadrian X® units for deployment in the United States.