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FBR Limited
(Sydney:FBR)
FBR Limited (FBR) vs. iShares MSCI Australia ETF (EWA)
FBR Limited Business Overview & Revenue Model
FBR Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 836.71K | 1.66M | 765.23K | 98.52K | 11.03K |
| Gross Profit | 261.18K | -24.64M | -15.61M | -4.40M | -602.08K |
| EBITDA | -28.50M | -26.72M | -17.53M | -8.64M | -11.42M |
| Net Income | -27.77M | -22.89M | -19.98M | -9.33M | -11.00M |
Balance Sheet | |||||
| Total Assets | 74.96M | 86.60M | 73.34M | 68.51M | 57.86M |
| Cash, Cash Equivalents and Short-Term Investments | 3.74M | 13.40M | 11.52M | 11.13M | 5.08M |
| Total Debt | 8.20M | 9.31M | 10.19M | 1.03M | 123.54K |
| Total Liabilities | 13.92M | 15.09M | 15.07M | 6.15M | 4.64M |
| Stockholders Equity | 61.04M | 71.51M | 58.27M | 62.37M | 53.22M |
Cash Flow | |||||
| Free Cash Flow | -25.33M | -29.69M | -22.71M | -15.64M | -29.60M |
| Operating Cash Flow | -21.63M | -16.83M | -15.34M | -5.20M | -9.36M |
| Investing Cash Flow | -3.73M | -10.82M | -3.38M | -3.51M | -10.95M |
| Financing Cash Flow | 16.70M | 29.54M | 19.11M | 14.75M | 10.97M |
FBR Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$35.41M | 2.07 | 13.01% | ― | 66.22% | 20.83% | |
66 Neutral | AU$17.97M | 13.18 | 6.82% | 3.60% | -20.98% | 18.62% | |
65 Neutral | €4.12B | 9.11 | 18.29% | 3.64% | 3.84% | -103.41% | |
58 Neutral | AU$26.78M | 25.41 | 5.21% | 2.58% | 37.72% | -4.69% | |
57 Neutral | AU$35.49M | ― | -11.18% | ― | -0.46% | -323.61% | |
46 Neutral | AU$25.56M | ― | -10.45% | ― | 13.25% | 13.71% | |
38 Underperform | $28.45M | ― | -39.59% | ― | -55.83% | 32.05% |
FBR Limited Corporate Events
FBR Limited has received its first payment from Samsung Heavy Industries for Phase 1 of a shipbuilding automation project, which involves developing and demonstrating a core technology module for shipbuilding robots. The company is also commissioning its latest Hadrian robot and expects another unit to be available by mid-2026, with ongoing discussions for future pre-orders. Additionally, FBR is advancing new DST-powered products and has restructured its key management personnel, with a new outsourced finance function replacing the departing CFO.
FBR Limited has announced a change in the interests of its substantial holder, FIL Limited, which now holds 8.74% of the company’s voting power, down from 9.90%. This change in voting power reflects FIL’s ongoing transactions in FBR’s common stock, which could influence the company’s shareholder dynamics and market perception.
FBR Limited has signed a non-binding Memorandum of Understanding with Habitat (NT) Pty Ltd for the sale of its Hadrian X® units, marking an entry into the Northern Territory market. This move aims to address the region’s housing shortage by supplementing manual brick-laying capacity with robotic technology, potentially accelerating construction rates and supporting infrastructure projects. The agreement includes a staged transaction process, with Habitat planning to use the Hadrian X® for residential and defense infrastructure projects, leveraging the current construction boom fueled by government grants and infrastructure upgrades.
FBR Limited has entered into an Engineering Service Agreement with Samsung Heavy Industries to develop and demonstrate a core technology module for a shipbuilding construction robot. This agreement marks the first phase of a shipbuilding automation project, with completion expected in five months. The collaboration includes a 10-year exclusive dealing relationship and aims to explore commercialization business models for the technology, potentially impacting FBR’s market position and stakeholder interests.
The Takeovers Panel has declined to conduct proceedings on an application from Mr. Bob Ciesla concerning FBR Limited, citing that the circumstances did not fall within its jurisdiction and there was no reasonable prospect of declaring unacceptable circumstances. The Panel advised that shareholders seeking to make applications should consider obtaining legal advice due to the complexity of its jurisdiction.
FBR Limited has announced the cessation of 21,078,783 performance rights, which expired without exercise or conversion on May 19, 2025. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s financial strategies and market positioning.
FBR Limited is facing a new application from shareholder Mr. Bob Ciesla concerning the company’s recent share placements and governance practices. The application raises concerns about the consolidation of control in institutional hands, lack of disclosure on alternative funding options, and increased risk of intellectual property exploitation. The applicant seeks to invalidate the recent Extraordinary General Meeting (EGM) results and demands greater shareholder protections and transparency.
FBR Limited has announced that the Takeovers Panel has allowed Mr. Bob Ciesla to withdraw his application concerning the company’s affairs. The Panel, which had not yet decided to conduct proceedings, found no public interest concerns in permitting the withdrawal and will not publish further details on the matter.
FBR Limited has issued 53,820,242 fully paid ordinary shares at A$0.01 per share to complete Tranche 2 of its placement. This move is part of the company’s ongoing efforts to raise capital and strengthen its financial position, potentially impacting its operations and market positioning positively. The company has complied with relevant provisions of the Corporations Act and confirms no additional information needs to be disclosed to investors.
FBR Limited has announced the quotation of 53,820,242 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of May 12, 2025. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market position and providing additional resources for growth and innovation in the construction technology sector.
FBR Limited has successfully completed its A$6.3 million placement, receiving the final tranche of funds amounting to approximately A$0.54 million. The company has made significant strides in reducing operational costs, particularly through headcount reduction, and has consolidated its operations into a single location. These measures, along with the repayment of a portion of its debt, have positioned FBR in a stronger financial state, allowing it to focus on its core technical team and ongoing R&D projects, including collaborations with external partners like Samsung Heavy Industries.
FBR Limited held a General Meeting on May 6, 2025, where all resolutions were decided by a poll and carried. The meeting outcomes, including proxy votes and voting results, were disclosed in compliance with relevant corporate regulations, indicating a smooth decision-making process and continued shareholder support.
FBR Limited, a company involved in an unspecified industry, is facing a situation where the Acting President of the Takeovers Panel has declined a request to make an interim order to defer the company’s Extraordinary General Meeting (EGM) scheduled for May 6, 2025. This decision leaves the company’s stakeholders in a state of uncertainty as no panel has been appointed to review the application, and no decision has been made regarding the proceedings, potentially impacting the company’s governance and decision-making processes.
FBR Limited is facing scrutiny from shareholder Bob Ciesla, who has submitted an application to the Takeovers Panel regarding the company’s handling of a funding proposal. The application highlights concerns over the complexity of resolutions presented to shareholders, lack of competitive financing exploration, and potential dilution from a placement to Fidelity International Limited. The applicant seeks to defer the extraordinary general meeting and calls for more disclosure.
FBR Limited’s quarterly report highlights significant advancements in its U.S. operations, including the completion of a demonstration program with builders and a notable build for PulteGroup, which garnered media attention. The expiration of exclusivity with CRH Ventures opens new opportunities for FBR to explore partnerships and funding for its Wall as a Service® in the U.S. Additionally, FBR is collaborating with Samsung Heavy Industries to explore the application of its robotic technology in shipbuilding and with Liebherr to support the localization and assembly of Hadrian X® machines in the U.S. Financially, the company reported increased customer receipts and a focus on cost rationalization to preserve its technology and capabilities.
FBR Limited has appointed Shannon Robinson as the new Chair, succeeding Richard Grellman, who will continue as a Non-Executive Director. Robinson brings extensive experience as a company director and has previously served as Chair of FBR Limited. Additionally, Rhys Waldon will assume the role of Company Secretary, effective May 1, 2025, bringing significant corporate secretarial and legal experience to the company. These appointments are expected to strengthen FBR’s leadership and enhance its corporate governance, potentially impacting its industry positioning and stakeholder relations positively.
FBR Limited announced that Michael John Pivac has ceased to be a director as of April 17, 2025. The notice details Pivac’s interests in the company’s securities, which include 77,589,371 ordinary shares and loan-funded shares. This change in the board could impact FBR Limited’s governance and strategic direction, potentially affecting stakeholders’ interests.
FBR Limited announced the cessation of a significant number of performance rights, totaling 83,661,189 securities, due to expiry and other reasons as of April 17, 2025. This development may impact the company’s financial structure and could influence its market positioning by potentially affecting investor perceptions and stakeholder interests.