Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Titomic Ltd (TTT.ASX) |
|---|---|
| Release Time | 30 Apr 2026, 9:27 a.m. |
| Price Sensitive | Yes |
Titomic Announces Quarterly Activities and Cash Flow Report
- Plan to redomicile to the United States
- Entered into a Space Act Agreement with NASA
- Secured contracts with Royal Netherlands Aerospace Center, Iowa State University, and Deutsche Bahn
Titomic announced that its Board of Directors had approved commencement of planning activities to redomicile the Company from Australia to the United States. The redomicile is expected to be completed in H2 2026 and will allow enhanced participation in certain programs, particularly those subject to U.S. export controls. Titomic also announced a Space Act Agreement with NASA to conduct testing and evaluation of components made using its Titomic Kinetic Fusion™ cold spray technology, which could lead to future collaborations. The company secured several new contracts, including a EUR 1.0 million (AUD 1.7 million) order from the Royal Netherlands Aerospace Center, a USD 307k (AUD 435k) purchase order from Iowa State University, and a contract from Deutsche Bahn Fahrzeuginstandhaltung GmbH in Germany. Titomic also achieved DNV qualification for its cold spray technology in the Oil & Gas industry and received AS9100 certification for its Huntsville, Alabama facility, strengthening its position in aerospace and defense markets. The company appointed retired Lieutenant General Henry 'Trey' Obering as an Independent Non-Executive Director and added Boeing veteran Jim Chilton to its Strategic Advisory Group. Titomic's Q1 2026 cash flows showed customer receipts of AUD 3.7 million, with net cash used in operations of AUD 6.1 million and net cash used in investing of AUD 4.4 million.
Titomic expects continued growth in receipts from customers, particularly in the second half of 2026. The company anticipates not needing further capital and is targeting a break-even cash flow position sometime in 2027.
Titomic is focused on ensuring repeatable, scalable manufacturing execution, with key priorities including implementation of configuration control, scaling qualified workforce and production processes, and aligning throughput capacity with near-term contract opportunities. The company continues to actively engage with U.S. Government innovation and industrial base programs to secure funding to support its accelerated execution and scale-up strategy.