If You’d Bought Titomic (ASX:TTT) a Year Ago, Here’s What You’d Have Today

September 17, 2025

Financial Services

If You’d Bought Titomic (ASX:TTT) a Year Ago, Here’s What You’d Have Today

September 17, 2025

Few small-cap industrial tech stocks have delivered like Titomic (ASX:TTT). Over the past 12 months, the company’s share price has surged 129%, transforming it from a speculative advanced manufacturing story into a serious global contender in cold spray technology. With its FY2025 results now released, we take a closer look at what’s driving this performance and what might come next.

What Does Titomic Do?

Titomic specialises in cold spray additive manufacturing (CSAM) — a high-speed metal deposition process that builds, repairs, or coats parts without melting. This makes it faster, more efficient, and more scalable than traditional 3D printing.

The technology is gaining traction in defense, aerospace, energy, and resources, where demand for lightweight, high-strength materials is accelerating.

FY2025 Financial Snapshot

Revenue: $15.7 million (up from $8.3 million in FY2024, +89%)
Gross Profit: $7.6 million (up from $2.6 million in FY2024, nearly 3x higher)
Underlying EBITDA Loss: ($3.9 million), narrowed from ($8.6 million) in FY2024
Net Loss After Tax: ($6.1 million), improved from ($13.0 million) in FY2024
Cash Position: $9.4 million at year-end, supporting ongoing operations and R&D
Order Backlog: ~$20 million in signed contracts, providing visibility into FY2026

These results show a company rapidly scaling its revenue base while steadily reducing losses.

Key FY2025 Milestones

Revenue Growth: Nearly doubled on the back of increased equipment sales and service contracts.
Defense & Aerospace Wins: Contracts with major defense primes and aerospace groups validated the technology’s commercial potential.
European Expansion: Strong momentum in the EU market, with installations and partnerships deepening.
Manufacturing Scale-Up: Investments in Melbourne and global facilities to support delivery of a larger order book.
Improved Margins: Gross profit nearly tripled, showing better cost control and operating leverage.

What to Watch in FY2026

Defense Contracts Expansion: Any further adoption by global defense contractors could transform Titomic’s revenue profile.
Commercialisation of R&D: Progress in energy and mining applications could diversify revenue streams.
Profitability Pathway: With losses narrowing, investors will be watching for break-even guidance.
Global Partnerships: Additional joint ventures or licensing agreements may accelerate adoption and reduce capital intensity.

Risks to Keep in Mind

Execution Risk: Scaling production and servicing global clients requires capital discipline.
Technology Adoption: Uptake in conservative industries (defense, aerospace) can be slow despite interest.
Cash Burn: While improved, the company remains loss-making, relying on growth to sustain funding.
Market Volatility: As a small-cap, Titomic remains sensitive to sentiment and liquidity in equity markets.

The Bottom Line

If you had invested in Titomic a year ago, your return would be a 126.67% gain. But beyond share price, the FY2025 results show a company making real progress: revenue growth close to 90%, gross profit nearly tripling, and losses narrowing significantly. With a strong order book, global partnerships, and increasing adoption of its cold spray technology, Titomic is emerging as one of the ASX’s most compelling advanced manufacturing stories.

For investors seeking exposure to industrial technology with defense and aerospace upside, Titomic offers a high-risk, high-reward opportunity.

Disclaimer:

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