Titomic Limited reports a significant drop in revenue and increased losses for the six months ending December 2025, alongside a strategic financial year change to align with global subsidiaries.
- Revenue down 44.1% to $5.27 million
- Loss after tax increased 10.2% to $17.85 million
- Total comprehensive loss rose 11.7% to $18.05 million
- Net tangible assets per share improved to $0.0299
- Financial year end changed to 31 December for global alignment
Financial Year Realignment
Titomic Limited has shifted its financial year end from 30 June to 31 December, a move designed to synchronise its reporting calendar with its subsidiaries based in the United States and the Netherlands. This adjustment means the current reporting period covers just six months, compared to the previous 12-month period, complicating direct comparisons but aiming for greater operational cohesion across its international footprint.
Revenue and Losses
The company’s revenue for the half-year ended 31 December 2025 fell sharply by 44.1% to $5.27 million. Meanwhile, losses deepened, with the loss after tax increasing by 10.2% to $17.85 million. Total comprehensive loss also widened by 11.7%, reaching $18.05 million. These figures reflect ongoing challenges in the advanced manufacturing sector, where Titomic operates, and suggest pressures on the company’s top and bottom lines despite its strategic realignment.
Balance Sheet and Asset Position
On a more positive note, Titomic’s net tangible assets per ordinary share rose significantly from $0.0112 to $0.0299. This improvement indicates a stronger asset base relative to its share count, which could provide some cushion against operational losses and support future growth initiatives.
Joint Venture and Audit Assurance
The company maintains a 49% stake in the Repkon Titomic joint venture, a key part of its international manufacturing strategy. The financial statements for this period were audited with an unmodified opinion, providing investors with confidence in the accuracy and integrity of the reported figures despite the unusual reporting period.
Outlook and Considerations
While no dividends were declared or paid during this period, the shift in financial year end and the mixed financial results set the stage for a critical phase in Titomic’s development. Investors will be watching closely for operational updates and the performance of its joint ventures as the company seeks to stabilise revenues and manage losses in a competitive environment.
Bottom Line?
Titomic’s financial year shift and rising losses underscore a pivotal moment as it seeks to align global operations and strengthen its balance sheet.
Questions in the middle?
- How will the financial year change impact future revenue comparability and investor confidence?
- What operational strategies is Titomic deploying to reverse the revenue decline and contain losses?
- How is the Repkon joint venture performing, and what role will it play in Titomic’s recovery?