• Revenue down 7% to $551,558
• Loss down 68% to $5,290,451
• Launched new robotic products Mantis™ and Firehawk™

During the half-year ended 31 December 2025, FBR Ltd generated $551,558 in revenue, down approximately $42,306 on the previous period, derived largely from the sale of USA specification Mack truck vehicles and revenue recognised from the Samsung Heavy Industries development contract. The loss for the period was $5,289,892, including an R&D tax rebate of $2,489,394, cost of goods sold of $528,661, professional services, corporate administration, director and employee remuneration of $4,502,047, development costs of $265,191, and non-cash share-based payments, depreciation, amortisation and impairment of $2,764,089. The company focused on formalising its dual-engine growth strategy, transitioning from a Hadrian®-centric technology company to a commercial enterprise with both global export and domestic construction capabilities across a diversified product suite. In July 2025, the company launched its second DST®-powered robotic product, Mantis™, an advanced eight metre reach robotic welder. Subsequent to the end of the period, the company launched its new autonomous refractory lining robot, Firehawk™, which addresses the reline of ladles used in steelmaking. The company executed a $22 million funding strategy to strengthen its balance sheet and provide essential working capital to advance its dual-engine growth strategy.