Financial Highlights - FBR secured an A$20 million Share Subscription Facility from GEM Global Yield (GGY)[4, 16] - Peak Asset Management was appointed as corporate advisor[4] - The company aims to reduce its annual burn rate from approximately A$35 million to around A$10 million in FY26[4] - GGY to be granted 450 million options exercisable at $0.01 with a three year term[16] Operational Milestones - Near-term catalysts include the commissioning and sale of H04 to Habitat NT and the delivery of Phase 1 with Samsung Heavy Industries[4] - FBR intends to supply Habitat with 'H04', with commissioning expected to be complete in H2 CY2025[30] - Initial purchase order for one Hadrian X unit at A$7.8 million, with a deposit of A$780,000 paid to FBR[31] - FBR executed an Engineering Service Agreement with Samsung Heavy Industries (SHI) to deliver the first phase of a shipbuilding automation project, and 10-year exclusive dealing relationship for Phase 1 deliverables, FBR will be paid US$150,000 plus expenses for Phase 1[33] Market Position and Technology - FBR's market capitalization was A$34.4 million as of July 31, 2025[10] - HSBC Custody Nominees (Australia) Limited holds 20.11% of the units, representing 1,144,193,237 units[13] - The commercial model for Mantis will be direct machine sales, including through distribution and referral partners, with the base model being offered at A$990,000[36]