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An announcement from Norsk Titanium AS ( (DE:84F) ) is now available.
Norsk Titanium reported 2025 revenue and other income of USD 4.1 million, down from USD 5.1 million the year before, but improved cost control cut average monthly cash burn to USD 2.6 million and left the group with USD 19.3 million in cash at year-end. Commercial ramp-up has lagged earlier expectations, prompting the company to retract its 2026 revenue and 2027 breakeven targets and to flag a planned capital raise in 2026, backed by strong support from its two largest shareholders.
New CEO Fabrizio Ponte has completed a strategic review that pivots Norsk Titanium toward a more commercially grounded plan, reinforcing its core aerostructures and defense business, launching an engines program with a major manufacturer and setting up a dedicated team for faster-moving industrial opportunities. A key milestone was the inclusion of RPD material data in the MMPDS Handbook, the first for additively manufactured material, which validates the technology for certified aerospace and defense use and underpins the new RPD Ecosystem model of equipment deployment and licensing with major OEMs.
In aerostructures, the company is working under its Master Supply Agreement with Airbus to secure additional orders as the airframer seeks wider use of directed energy deposition for structural parts to cut waste and lead times. In defense, Norsk Titanium is advancing in multi-year U.S. Navy and U.S. Air Force programs, having passed key audits and won a low-rate initial production order for six part numbers on a new U.S. Air Force aircraft, positioning the group to benefit from rising NATO defense spending and demand for resilient, localized supply chains.
Beyond its core aerospace markets, Norsk Titanium is building a pipeline in shorter-cycle industrial segments such as semiconductors, energy and other titanium alloy applications, expecting meaningful revenue from these efforts within 6–12 months. The combination of operational tightening, expansion into engines and industrial markets, and its RPD Ecosystem strategy aims to accelerate adoption of its technology across OEM platforms, though near-term financial visibility remains constrained by the timing of customer industrial ramp-ups.
More about Norsk Titanium AS
Norsk Titanium AS is a Norwegian additive manufacturing company specializing in aerospace-grade structural titanium components produced with its proprietary Rapid Plasma Deposition (RPD) technology. The company focuses on aerostructures, defense and, increasingly, engine components, targeting major OEMs such as Airbus, U.S. defense contractors and a leading engine manufacturer, while also pursuing shorter-cycle industrial markets like semiconductors and energy.
Average Trading Volume: 2,889,381
Current Market Cap: NOK1.23B
For an in-depth examination of 84F stock, go to TipRanks’ Overview page.