• FBR launches DST-enabled welding robot Mantis to provide automation efficiency to large scale fabrication, mining and shipbuilding industries
• Hadrian Factory Acceptance Testing completed
• Changes to KMP team
• $22 million finance package

FBR Limited (ASX: FBR) has provided its quarterly update for the period ended 30 September 2025. The key highlights include the launch of the company's new DST-enabled welding robot Mantis, which is designed to provide automation efficiency to the large scale fabrication, mining and shipbuilding industries. Mantis leverages FBR's existing IP portfolio and aligns with the company's strategy to monetize its IP in industries outside and adjacent to construction. FBR has filed a provisional patent application to cover the new technology embodied in Mantis. During the quarter, FBR's R&D and commissioning team continued to refine the latest Hadrian, with significant improvements to laying accuracy and reliability. FBR also completed the design and commenced the manufacture of a test rig for Samsung Heavy Industries (SHI) as part of the first phase of their project. On the corporate front, FBR announced a $22 million financing package to strengthen its balance sheet, and as part of a cost rationalisation program, reduced its key management personnel. Subsequent to the quarter, FBR's newest Hadrian unit completed Factory Acceptance Testing, and the company agreed a test plan with SHI and completed construction of the semi-automated test rig for Phase 1 of its Engineering Service Agreement. FBR also lodged a provisional patent application for a new DST application for the re-lining of large steel ladles used in the steel making industry, named Firehawk.

FBR continues to progress business development activities and investor engagement with regular meetings across Australia, including with potential customers and end users. The company maintains a business development presence in the USA and continues to work towards commercialising Hadrian in the USA. FBR has a pipeline of potential robot and automation system sales and strong interest in Wall as a Service, and the company looks forward to crystalising these opportunities.