• Newest Hadrian passes Factory Acceptance Test
• New square metre per hour speed record set using Wienerberger Porotherm blocks
• MOU for Hadrian unit sale
• Binding PO received for first Mantis unit
• Final payment received for Stage 1 of Engineering Service Agreement with Samsung Heavy Industries

FBR Limited (ASX: FBR) provides its quarterly update for the period ended 31 December 2025. Key highlights include: 1) Successful completion of the Factory Acceptance Test (FAT) for the newest next-generation Hadrian® unit, H04, which achieved an effective lay rate exceeding 285 blocks per hour and set a new record for effective square metres of wall per hour using large format Wienerberger Porotherm blocks. 2) Execution of a non-binding Memorandum of Understanding (MOU) with Fraser Lyne Constructions Pty Ltd for the sale of a Hadrian unit, priced at A$7.8 million. 3) Successful demonstration of the prototype module of a shipbuilding robot developed for Samsung Heavy Industries, with FBR receiving the final payment for completion of Stage 1 of the Engineering Service Agreement. 4) Completion of the Annual General Meeting, with changes to the Board of Directors. 5) Repayment of outstanding R&D tax loan facility and establishment of new R&D tax incentive finance facilities with Radium Capital. 6) Application for a grant through the WA Government's Housing Innovation Fund program to support the launch of Hadrian Homes, a vertically integrated building company. 7) Subsequent to the quarter, FBR received its first binding conditional purchase order for a Mantis® welding robot from State Machinery & Equipment Sales in the USA, valued at AUD$990,000.

FBR CEO Mark Pivac stated that 2026 has started in a very promising way for FBR and the company looks forward to building on its momentum over the course of the year.