Norsk Titanium H1 FY26 net loss narrows to USD 12.5 million; revenue rises 38% to USD 2.9 million
NOC•Cash burn and liquidity
Average monthly cash burn fell 28% to USD 2.1 million.
Cash balance was USD 19.6 million at June 30.
Capital raise and customer contract
The company raised USD 27.3 million in a private placement and secured its first serial production contract with Northrop Grumman.
First-half revenue and losses improve
Norsk Titanium posted first-half revenue and other income of USD 2.9 million, up 38% year over year.
Serial production revenue rose 29% to USD 1.1 million, while development revenue climbed 50% to USD 1.7 million.
EBITDA loss narrowed to USD 12.1 million, and net loss improved to USD 12.5 million.
