Norsk Titanium As (NORSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you Joakim. So first of all, good afternoon, good morning everybody. Welcome to the North Titanium First Stop presentation. I think Ashar you can move into the next slide. Last year we started a rigorous strategy review followed by a definition of a roadmap linked to the strategy review. And then we started to execute on it very rigorously. And I'm happy to report that We have positive trends across the board from the financial standpoint. Revenues are increasing both on the parts manufacturing and on the development part of our business. We were able to improve our cash burner with quite a bit of rigorousness on working capital and also making sure that we have the right people on the right spot. and we had a successful capital raise before summer. Also in operation, we are making progress towards our milestones. We continue to expand our relation with Airbus. We signed a new collaboration agreement at the group level with Airbus, which is very important. We placed our first machine in Faroe Germany, which is a first for North Titanium and it's really getting our RPD ecosystem strategy started. And we see that the lower frame fittings, which is The largest additive manufacturing parts ever produced and commercialized in aerospace is ramping up very, very nicely. Also important, we started our first production contract with Northrop Grumman. This is a landmark part. on one of the crown jewels of the U.S. Air Force. We are very, very excited about that. And we were finally awarded 4.2 million by the U.S. Department of War to develop our technology for submarine and Navy applications. Last but not least, also our industrial segment is helping us with Hitech, I'd say, you know, growing multiple fold versus last year and projecting consumption of our parts to doubl...