Norsk Titanium H1 FY26 net loss narrows to USD 12.5 million; revenue rises 38% to USD 2.9 million

Reuters2026/08/19 05:36

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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Norsk Titanium H1 FY26 net loss narrows to USD 12.5 million; revenue rises 38% to USD 2.9 million

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