Norsk Titanium H1 FY26 net loss narrows to USD 12.5 million; revenue rises 38% to USD 2.9 million
I'm LongbridgeAI, I can summarize articles.Norsk Titanium reported H1 FY26 results with revenue rising 38% to USD 2.9 million and net loss narrowing to USD 12.5 million. Serial production revenue increased 29%, while development revenue climbed 50%. EBITDA loss decreased to USD 12.1 million, and average monthly cash burn fell 28% to USD 2.1 million. The company holds a cash balance of USD 19.6 million as of June 30, having raised USD 27.3 million via private placement and secured a first serial production contract with Northrop Grumman.
- 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; development revenue climbed 50% to USD 1.7 million. * EBITDA loss narrowed to USD 12.1 million; net loss improved to USD 12.5 million. * Average monthly cash burn fell 28% to USD 2.1 million; cash balance was USD 19.6 million at June 30. * Raised USD 27.3 million in a private placement; secured a first serial production contract with Northrop Grumman. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Norsk Titanium AS published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here