• Secured first purchase order from Sovereign Propulsion Systems for 20 micro gas turbine engines
• Continued progress in propulsion testing and validation, including aerial testing
• Maintained industrial additive manufacturing revenue with new and repeat customer engagements
• Strengthened Board and management structure with key appointments

Aurora Labs Limited, an Australian industrial technology company specializing in advanced metal additive manufacturing and the development of micro gas turbine propulsion systems, has continued to grow throughout the past year. The company is servicing defence, aerospace, oil and gas, and industrial markets through a combination of proprietary manufacturing capability, intellectual property, and system-level engineering expertise. During the half-year period, there was continued transition from a technology development phase toward early-stage commercialization, with a strategic focus on propulsion systems to meet growing demand from the defence sector. Highlights include the company's entry into the defence propulsion market by securing a first purchase order from Sovereign Propulsion Systems (SPS) for the supply of 20 micro gas turbine engines, significant progress in propulsion testing and validation, continued industrial additive manufacturing revenue, strategic defence and aerospace engagements, progress toward AS9100D certification, strengthened Board and management structure, and a successful $5.5 million capital raise. The company's focus in the coming period will include progressing strategic customer engagement, executing propulsion engine deliveries, advancing aerial testing and propulsion qualification activities, completing the second audit of the AS9100D certification, and continuing investment in manufacturing capability and intellectual property.

The company reported a loss after tax of $2,888,090 for the six months ended 31 December 2025, up 12% from the previous corresponding period. The company had $3,648,764 in cash assets as of 31 December 2025.

The company remains focused on balancing commercial execution with prudent capital management as it advances toward broader defence market participation. In the coming period, the company's focus will include progressing strategic customer engagement, executing propulsion engine deliveries, advancing aerial testing and propulsion qualification activities, completing the second audit of the AS9100D certification, and continuing investment in manufacturing capability and intellectual property.