• Delivered 29 engines in H1 2025, with 39 more forecast for H2
• Completed initial design of larger capacity engine, prototyping underway
• Repaid legacy WA government loan, now debt-free

Orbital Corporation Ltd has released its quarterly activities report for the period ended 31 December 2024. The company is now in production for four engine lines servicing key clients in the USA, Singapore, Vietnam and India, with a total of 29 engines delivered in the six-month period and a further 39 engines forecast for the second half of the 2025 financial year. This includes 2 engines delivered to a new Indian customer during the first half, with a further 4 engines scheduled for delivery in the second half. The company also received $1.9 million in revenue from customers in Q2, with a further $1.6 million in cash receipts expected in Q3. In addition to the 4 revenue generating engineering programs, Orbital is continuing the development, design and prototyping of a larger capacity internal combustion engine to achieve heavier payload delivery and enhanced power to weight specifications. The company has completed the initial detailed design drawings, developed a supply chain and sourcing strategy, and has early prototype builds underway to enable commencement of a test program in Q4. Following grant approval in December 2024, Orbital has also achieved full repayment of the legacy WA government loan, taking the company into a debt-free position at 31 December 2024. Additionally, the company received $1,896,000 in R&D Grant funds in early January 2025.