Announcement PDF ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2025 Titomic Limited ABN 77 602 793 644 TAB LE OF CONT EN T S Chair of the Board, Dag W.R. Stromme’s and Managing Director & CEO, Jim Simpson’s Statement 06 Director’s report 18 Auditors’ independence declaration 41 Financial statements 42 Consolidated statement of profit or loss and other comprehensive income 42 Consolidated statement of financial position 43 Consolidated statement of changes in equity 44 Consolidated statement of cash flows 45 Notes to the financial statements 46 Consolidated Entity Disclosure Statement 88 Directors’ declaration 89 Independent auditors report 90 Shareholder information 95 Corporate directory 98 T I TO M IC ADDITIVE MANUFACTURING APPLICATIONS OVE RVI E W STRU C TU RES TO O L ING BAL L I S T I CS S H I E L D I N G Cold spray creates large structures with minimal size constraints from titanium, steel, and more, comparable to the properties of cast or forged parts with shorter lead time. Produce stronger, lighter, thinner and corrosion-resistant near-net shape faceplates – with reduced welding, assembly and lead times. Create complex, freeform ballistics protection from multiple metals or titanium to produce larger, lighter, more versatile armour. Titomic is the world’s only publicly listed company with cold spray at the core of its operations. With this technology, Titomic is providing new capabilities for the manufacture, coating, and repair of metal parts. COATING & REPAIR APPLICATIONS SYSTEMS D 523 | D623 I S B- L TK F™ 1 0 0 0 Faster, stronger metal coatings and repairs Greater process control and efficiency Create large, strong multi-metal parts For the repair and restoration of numerous metal parts like engine components and moulds, sealing, corrosion protection, electrical conductivity and special applications. Titomic’s turnkey Integrated Spray Booth systems bring together low-to-medium pressure cold spray, handling, and dust extraction. Titomic’s TKF™1000 is a modular additive manufacturing system. Limitless possibilities including prototyping to R&D, small-run production and on-demand manufacturing. TK F™3250 Leading cold spray manufacturing capability Titomic’s capability to meet industry demands with high-performance cold spray systems. Designed and optimised for aerospace and defense manufacturing. 04 F U NC TIO NAL COAT ING S CO RRO SIO N W EA R R E S I S TA N CE Heat-resistant layers, electrical conductivity, anti-fouling properties, and antibacterial surfaces, all achievable with significant thickness, no thermal distortion, unlimited size capacity, and on-site application. Apply corrosion-resistant materials such as titanium, aluminium, zinc, and nickel to new or existing parts, enhancing their lifespan in corrosive environments across marine, chemical, and oil and gas applications. Protect moulds, handling equipment, and more from wear, and replace hard chrome coatings ENG INE REMANU FAC TU RING EMB ED D ED SENSO RS REPA I R S Build and incorporate electronic sensors directly into parts, providing hard-wearing and anti-corrosion analytical sensors for offshore oil and gas, subterranean piping and more. Rapidly repair metal parts, restoring them to working order in applications across aerospace, mining, defense, boilermaking and more. Spray metal in seconds, so you Coating & repair applications can restore parts in minutes. Refurbish engines without heat to restore and protect components, enhancing durability and performance with a cost- effective, easy to use solution. H O W D O E S C O L D S P R AY W O R K ? Cold spray accelerates metal powders to supersonic speeds, carried by air or nitrogen. As the powders exit the nozzle, they collide and mechanically bond to the surface and each other. As millions of powder particles collide every minute, they quickly build up strong, high-adhesion layers of metal to create coatings or free-form, 3D parts. Unlike traditional manufacturing methods like casting or forging, the particles don’t need to melt to be bonded together. This results in several significant capabilities, including: ▪ Parts are made to a near-net shape, reducing the amount of material that needs to be removed from the part by up to 90%, significantly reducing material costs. ▪ As the metals aren’t melted, cumulative thermal stress is mitigated and an inert environment is not needed, enabling Titomic to manufacture parts with minimal size constraints. ▪ Metals with different melting points are still able to be combined into a single, seamless part, such as aluminium and titanium, steel and copper, and much more. This allows manufacturers to leverage the strengths of multiple metals in a single part or coating. FASTER OUTPUT SCALABLE SYSTEMS COMBINE METALS NO SIZE RESTRICTIONS COST COMPETITIVE 05 Executive Chair of the Board, Dag W.R. Stromme’s and Managing Director & CEO, Jim Simpson’s Statement FY2025 was a year of expansion into key markets: • United States: Commissioning of our 59,000 sq. ft. Huntsville, Alabama headquarters in June 2025 established Titomic’s global hub in the world’s largest defense and aerospace ecosystem. Proximity to primes such as Northrop Grumman and Boeing has already translated into active qualification programs and contracted production. • Europe: Expansion of our manufacturing capabilities, secured €800k 3D PK grant from Dutch Ministry of Economic Affairs, Airbus MRO integration, and system sales to Université de Limoges, Fraunhofer, and Effee broadened our footprint across the EU. • Australia: Continued delivery of corrosion remediation for Woodside Energy and repeat rail component repairs validated Titomic Kinetic Fusion™ as a permanent sustainment solution. • United Kingdom: Establishment of Titomic UK in July 2025 reinforced our NATO and AUKUS alignment and positions us within critical U.K. defense and industrial supply chains. In the United States, the commissioning of our Huntsville facility in June 2025 placed us in direct proximity to major aerospace and defense primes. Production of pressure vessels commenced with Northrop Grumman shortly after the facility opened, demonstrating both readiness and compliance with U.S. sourcing requirements. Engagements with Boeing and other leading contractors advanced in parallel, reinforcing the importance of this presence. In Europe, validation trials with a major engineering group progressed toward sustained output, and our integration with Airbus maintenance operations created a pathway into global sustainment networks. In Australia, Titomic Kinetic Fusion™ was applied in energy, transport, and defense programs, from corrosion remediation for Woodside Energy to more than 50 repeat component repairs for a major rail operator. In the marine sector, successful repair demonstrations with the Naval Group and progress toward DNV certification strengthened the foundation for broader adoption in naval and offshore applications. In relation to our supply chain we have signed supply agreements with five U.S. based metal powder companies helping to secure U.S. sourced titanium and refractory metal supply. System sales also supported our strategy by extending the installed base and enabling customer adoption in regulated environments. D523 and D623 systems were deployed across Europe, Asia Pacific, and the United States. High-pressure Titomic Kinetic Fusion™ systems were delivered to leading institutions such as the University of North Texas and OMIC R&D, building strong reference points in research and industry collaboration. To support this growth, Titomic reinforced its leadership team and governance structures: We are now a global advanced manufacturing company, with established facilities in Australia and the United States, and a growing footprint in Europe. Our European presence will be further strengthened with the opening of an expanded manufacturing facility in Heerenveen, The Netherlands on 22nd September 2025.. This expansion reflects a deliberate strategy to scale operations, deepen engagement with key regions, and position Titomic within critical supply chains closer to the industries we serve. At the heart of this growth is Titomic Kinetic Fusion™ (TKF™), our patented cold spray additive manufacturing technology: • Board: Appointment of Lt. Gen. (Ret.) John Frewen AO, DSC strengthened defense procurement and strategic oversight. • Executive Team: Appointments of Jim Simpson (CEO/Managing Director), Dr. Patricia Dare (President, U.S.), Sarah Neeley (COO, U.S.), and Kirk Pysher (SVP Manufacturing, U.S.) added decades of aerospace and defense leadership experience. • U.S. Strategic Advisory Group: Comprised of former senior leaders from NASA, Boeing, Lockheed Martin, and the U.S. Air Force, this group provides guidance and accelerates our engagement with U.S. primes and government agencies. • Produces fully dense components at industrially relevant rates, enabling both rapid prototyping and high-value production. • Eliminates heat-affected zones, distortion, or changes to base materials, making it uniquely suited for sustainment and repair. • Enables in-situ restoration of sensitive and high-value assets in aerospace, defense, marine, and energy applications. • Supported by industry certifications, including co-development of the AMS 7057 aerospace standard and ongoing engagement with DNV for maritime and offshore validation. The Board considers the progress toward securing long-term contracts with major aerospace, defense and energy organizations as evidence of Titomic’s maturity and scalability. These opportunities, together with system sales and sustainment projects, provide a diversified revenue base and establish the foundation for recurring income streams. These advantages translate directly into faster qualification cycles, lower total cost of ownership, and the ability for customers to commercialize new products and repair services more quickly. By enabling efficiency, sustainability, and compliance with sovereign requirements, Titomic Kinetic Fusion™ is a commercially compelling technology, with these significant benefits the key driver of commercial adoption across our target markets. Our focus remains on the five sectors that represent the greatest potential for adoption of Titomic Kinetic Fusion™: aerospace, maritime / oil & gas and transportation. These industries demand compliance with strict standards, long service life of assets, and improved lifecycle economics. Together they represent a global market opportunity of around US$5 billion, shaped by structural drivers including rising defense investment, ageing infrastructure, and the global shift toward resilient and sovereign supply chains. FY2025 saw important milestones across all of our target sectors: • Defense and Aerospace Manufacturing: Northrop Grumman pressure vessel production commenced in Huntsville; European Tier-One engineering validation trials advanced toward sustained output; Boeing qualification programs moved forward. • Defense and Aerospace Sustainment: Ukraine successfully deployed nine D523 systems for in situ battle repair, NAVSEA acquired a D523 system; Airbus MRO pilots opened a pathway into 40 owned and 400+ affiliate sites; Naval Group and USACE trials demonstrated at-sea and in-field repair capability. • Maritime / Oil & Gas: Woodside Energy corrosion remediation, Effee system deployments, and DNV certification programs advanced adoption across offshore and maritime applications. Transport and Heavy Industry: Repeat rail repairs in Australia and new system sales to Metric Auto and Hydraulex demonstrated TKF™’s breadth in industrial markets. • Research and Academia: Installations at University of North Texas, OMIC R&D, Université de Limoges, and Fraunhofer strengthened our reference base and innovation partnerships. Together they represent a growing global market opportunity of around US$5 billion, shaped by structural drivers including rising defense investment, ageing infrastructure, and the global shift towards resilient and sovereign supply chains. 06 The macro environment is highly favorable: • U.S. defense spending is projected to exceed US$1 trillion in FY2026. • The European Union is forecast to invest €800 billion in defense by 2030. • Structural demand for sovereign manufacturing, resilient supply chains, and sustainment solutions continues to accelerate adoption of Titomic’s technology. Building on these drivers, Titomic has set an ambitious target of US$750 million in annual revenue by 2030. Our staged roadmap is clear: • CY2025: Demonstrations and validation (Northrop, Airbus MRO, NAVSEA, USACE, DNV, NASA, and NATO/Ukraine). Expanding European operations. • CY2026–CY2027: Initial production and rapid expansion across defense, aerospace, oil & gas and MRO roll-out activities. • CY2028–CY2029: Multi-sector penetration and NATO deployments. • CY2030: Scale achieved with – diversified annual revenues from Defense & Aerospace; Oil & Gas/Maritime; MRO/Aviation; Transportation; and Systems, Powder & Leasing. As we enter FY2026, Titomic is financially strong, strategically positioned, and technologically validated. With our pivot to a services and recurring revenue model, global footprint, and growing Tier One engagements, we are confident in our ability to deliver sustainable growth, recurring income, and long-term value for shareholders. On behalf of the Board and leadership team, we thank our shareholders for their continued support, our partners and customers for their trust, and our employees for their commitment. Together, we are driving innovation, securing the future, and building Titomic into a global advanced manufacturing leader. DAG W.R. STROMME JIM SIMPSON Executive Chair of the Board Managing Director & CEO 07 FOCUS SECTORS Titomic’s commercial strategy is built around key sectors with the greatest potential for adoption of Titomic Kinetic Fusion™: aerospace, defense, and transportation. These industries share common characteristics, including high performance standards, strict regulatory oversight, and a demand for improved lifecycle economics. Together they represent a serviceable addressable market of approximately US$5 billion, with strong underlying growth drivers including increased global defense spending, ageing infrastructure, and a shift toward sovereign manufacturing capabilities. TECHNOLOGY ADVANTAGE Titomic Kinetic Fusion™ is a patented cold spray additive manufacturing process capable of producing fully dense metal components and coatings without melting. This solid-state process offers a credible alternative to traditional manufacturing methods such as casting and forging, delivering components in hours rather than the days or weeks required by conventional techniques. With typical build rates of 5 kilograms (11 pounds) per hour, Titomic Kinetic Fusion™ enables the efficient production of large, near-net-shape parts while significantly improving material utilization compared to manufacturing through subtractive machining. This efficiency reduces material waste and unit costs while also enabling novel capabilities for high-performance manufacturing. In maintenance and sustainment, the technology replaces or complements welding by depositing metal in a solid state, avoiding heat-affected zones, distortion, or changes to original material properties. This allows in-situ repairs of high-value or heat-sensitive assets, eliminating the need for costly disassembly or transport. By enabling rapid corrosion remediation, geometry restoration, and surface enhancement, Titomic Kinetic Fusion™ reduces downtime and extends the service life of critical infrastructure across defense platforms, marine vessels, energy installations, and heavy transport fleets. COMMERCIALISATION PATHWAY In FY2025, Titomic accelerated the shift from machine sales to recurring manufacturing and sustainment revenue. The Company commissioned its U.S. headquarters and 59,000 sq. ft manufacturing facility in Huntsville, Alabama (in June 2025), advanced expansion of its European site (due to open in Heerenveen, The Netherlands on 22 September 2025), and maintained strong capacity in Australia. This global footprint supports localised production, compliance with domestic sourcing requirements, and proximity to Tier-One aerospace and defense primes. Qualification and certification remain central to adoption. Development of SAE International’s Cold Spray Additive Manufacturing Specification, AMS 7057, provided the first globally recognised standard for cold spray in manufacturing and repair, streamlining procurement in regulated industries. Engagements with major defense contractors, aerospace OEMs, and government agencies — including Airbus, Boeing, Northrop Grumman, DNV, Woodside and the U.S. Navy — progressed from trials toward pilot programs and initial production, reinforcing Titomic’s position as a strategic partner in high-value supply chains. 08 09 I N D USTRY PR OGRE SS AN D EN G AG EM EN T S During FY2025, Titomic advanced commercial activity across aerospace, defense, martime / oil & gas, and transportation — each representing significant addressable markets and aligned to the Company’s strategy of scaling Titomic Kinetic Fusion™ into regulated manufacturing and sustainment supply chains. MARITIME DNV MARITIME CERTIFICATION Progress continued toward achieving DNV maritime certification for Titomic Kinetic Fusion™, a prerequisite for large-scale marine repair and coating contracts. Engagements also advanced with Lloyd’s Register, ABS, and Bureau Veritas for broader classification body recognition. EFFEE OSR SYSTEM DEPLOYMENT AEROSPACE AND DEFENSE | MANUFACTURING Effee OSR of Norway purchased a D523 system for corrosion control and field restoration in offshore and maritime applications, providing a base for repeatable certified repairs in the North Sea market. NORTHROP GRUMMAN PRESSURE VESSEL PROGRAM Following the opening of the Huntsville, Alabama facility, Titomic commenced contracted production of high-performance pressure vessels for Northrop Grumman. The facility’s proximity to Northrop’s missile defense site enabled co-located manufacturing, reduced logistics time, and ensured compliance with U.S. domestic sourcing requirements. EUROPEAN TIER-ONE ENGINEERING DEVELOPMENT CONTINUES A major European engineering group progressed validation trials using Titomic Kinetic Fusion™ to address production bottlenecks in functionally critical components. The program generated FY2025 revenue and moved toward sustained output, with the potential to transition into long-term supply. U.S. PRIME CONTRACTOR PROGRAMS Active programs with a major U.S. aerospace and defense prime continued in FY2025, with cumulative revenue from the engagement being more than A$1.0 million. Parts are progressing through qualification stages for entry into regulated manufacturing supply chains. AEROSPACE AND DEFENSE | SUSTAINMENT OIL & GAS WOODSIDE ENERGY CORROSION REMEDIATION In Australia, Titomic continued corrosion remediation work for Woodside Energy’s offshore assets. The process enabled in-situ application without thermal distortion or extended shutdowns, extending asset life and avoiding costly replacement. CERTIFICATION SUPPORT FOR OFFSHORE ENERGY Progress toward DNV certification also supported offshore energy applications, validating Titomic Kinetic Fusion™ for harsh marine environments. AIRBUS MRO INTEGRATION Titomic continued integration of its systems into Airbus’ European maintenance operations, with coating applications under development and potential for wider implementation across Airbus’ global MRO network. U.S. NAVY NAVSEA ADOPTION NAVSEA purchased a D523 system for corrosion remediation and geometry restoration, marking Titomic’s first sale to the U.S. Navy and establishing a pathway toward broader adoption in naval maintenance. UKRAINE IN SITU BATTLE DAMAGE REPAIR Ukraine successfully deployed nine D523 systems, donated by the Royal Dutch Army, for in-situ battle damage repair. NAVAL GROUP REPAIR TRIALS Naval Group completed successful at-sea trials restoring hull steel and mechanical components using Titomic Kinetic Fusion™, reducing drydock time and improving fleet readiness. U.S. ARMY CORPS OF ENGINEERS FIELD MAINTENANCE Titomic delivered a proof of concept for rapid in-field maintenance of defense infrastructure, demonstrating solid-state repair capabilities without heat input. AUSTRALIAN DEPARTMENT OF DEFENCE COATINGS PROGRAM Work commenced on developing and testing functional coatings designed to extend service life and reduce maintenance requirements in harsh operational environments. 10 TRANSPORTATION & HEAVY INDUSTRY AUSTRALIAN RAIL COMPONENT REPAIRS Since February 2024, Titomic has completed more than 50 repeat cold spray repairs for a major Australian rail operator. The process restored components without disassembly, preserved original material properties, and returned them to service faster than conventional methods. The repairs of these parts have been fully assessed, with Titomic Kinetic Fusion™ accepted as a permanent sustainment technology for the platform. METRIC AUTO SYSTEM SALE Metric Auto in Europe purchased a D523 system to improve automotive repair and restoration processes, positioning cold spray within high-throughput MRO environments. The D523 has strong applicability in heavy automotive sustainment, and Metric Auto joins a list of Titomic’s customers in this space, among Volvo, Penske, MTU by Rolls Royce, and many others. HYDRAULEX SYSTEM SALE Hydraulex, part of BBB Industries, purchased a D523 system for hydraulic and valve component repairs across its national network, creating opportunities for multi-site adoption and enabling new sustainment capability. As these parts are sensitive to heat, they cannot be repaired using welding or other high-heat methods, meaning Titomic’s D523 will save more components from being scrapped. 11 SALE O F TI TOMI C KI N ET IC FU S IO N ™ SYS T EM S System sales to Research and Academic institutions remained an important enabler of Titomic’s long-term commercialisation strategy in FY2025. Each installation expanded the global installed base, provided new reference sites, and created opportunities for future manufacturing, sustainment, and standards-aligned qualification work. LOW PRESSURE SYSTEMS NAVSEA, U.S. NAVY – D523 SYSTEM The U.S. Navy’s Naval Sea Systems Command (NAVSEA) acquired a D523 system for US$68,000 (A$104,000) for corrosion remediation and component restoration, marking Titomic’s first sale to the U.S. Navy. The placement serves as a foundation for broader adoption in naval maintenance, as NAVSEA is the largest of the U.S. Navy’s five system commands and is responsible for engineering, building, buying, and maintaining vessels and combat systems. EFFEE OSR, NORWAY – D523 SYSTEM Effee OSR purchased a D523 system for NOK 750,000 (A$106,000) for offshore and maritime applications in the North Sea. The system supports corrosion control and field restoration work within certified marine environments. CAPPSCO, TEXAS – D523 SYSTEM Cappsco acquired a D523 system for US$80,000 (A$122,000) to expand maintenance and repair services in industrial MRO markets, demonstrating low-pressure cold spray’s adaptability beyond aerospace and defense. METRIC AUTO, EUROPE – D523 SYSTEM Metric Auto purchased a D523 system for €55,000 (A$90,000) for automotive repair and restoration, enabling high-throughput, repeatable coatings and restorations in a regulated industrial setting. HYDRAULEX, UNITED STATES – D523 SYSTEM Hydraulex, part of BBB Industries, purchased a D523 system for US$80,000 (A$122,000) for hydraulic and valve component repairs across its national network, creating opportunities for multi-site cold spray adoption. HIGH AND MEDIUM PRESSURE SYSTEMS UNIVERSITY OF NORTH TEXAS – TKF™ SYSTEM Titomic sold a custom high-pressure Titomic Kinetic Fusion™ system to the Center for Agile and Adaptive Additive Manufacturing at the University of North Texas for US$0.7 million (A$1.1 million). The platform will be used for research, education, and industry collaboration across aerospace, defense, and energy, building the North American reference base for high-performance cold spray applications. OMIC R&D – TKF™ SYSTEM The high-pressure TKF system at OMIC R&D in the U.S. Pacific Northwest is now fully installed and commissioned. Serving a consortium of aerospace and industrial partners, OMIC’s site will act as a demonstration and development hub for large-format additive builds and multi-metal coatings, and further enhances their suite of advanced manufacturing systems. TRITON SYSTEMS – TKF™ SYSTEM Titomic sold a high-pressure TKF™ system and a D623 system to Triton Systems in the United States for US$1.2 million (A$1.8 million). The system will support production of large, high-performance components for aerospace and defense programs, expanding an earlier engagement that included an integrated D623 system, which included an enclosed spray booth, robotic gantry, and digital controls. UNIVERSITÉ DE LIMOGES – D623 SYSTEM Université de Limoges in France purchased a D623 system for €110,000 (A$197,000) to support education, industrial R&D, and collaborative development in cold spray additive manufacturing. The system expands the Company’s mid-pressure footprint in Europe and builds pathways into aerospace and energy coatings markets. FRAUNHOFER GERMANY – D623 SYSTEM Fraunhofer, Europe’s leading applied research network, ordered a D623 system for €10,000 (A$261,000). The installation provides exposure to multiple industrial sectors and supports qualification work aligned with European manufacturing standards. Fraunhofer is not only a key research organization in Germany, but is recognized globally for their excellence in materials science and further scientific research. 12 13 STRENGTHENED LEADERSHIP TEAM In January 2025, Jim Simpson was appointed Managing Director, bringing over 40 years of leadership experience in aerospace, defense, and satellite systems. Dr Patricia Dare joined as President of Titomic USA, supported by Sarah Neeley as Chief Operating Officer and Kirk Pysher as Senior Vice President of U.S. Manufacturing and Production. Together, the leadership team brings extensive experience delivering for major defense programs and managing large-scale manufacturing operations. This capability is central to converting strategic engagements into long-term contracts and scaling Titomic’s presence in key global markets. A$80M RAISED TO FUND U.S. EXPANSION GROWTH INITIATIVES Titomic completed an upsized institutional equity placement of A$30.0 million in October 2024 and A$50.0 million in July 2025 to fund the establishment of U.S. operations, expand manufacturing capacity in Europe, and pursue targeted growth initiatives. This strengthened capital base supports the Company’s transition from a predominantly system sales model toward a scalable manufacturing and sustainment business, enabling investment in strategic contracts and positioning Titomic to meet increased global demand. SENIOR ADVISORY GROUP ESTABLISHED In FY2025, Titomic USA established a Senior Advisory Group to enhance sales, accelerate qualification processes, and guide the Company’s growth strategy in the United States. The group is comprised of former senior leaders from NASA, Boeing, Lockheed Martin, the U.S. Air Force, and other key defense and aerospace organizations. Members bring extensive experience in acquisition leadership, government and industry engagement, and technical program delivery across aerospace, defense, energy, and space sectors. The Senior Advisory Group will provide both strategic and tactical recommendations, facilitate relationships with industry stakeholders, and help advance applications of Titomic Kinetic Fusion™ in regulated U.S. markets. The group’s expertise is expected to strengthen alignment with major procurement pathways, support entry into long-term defense and aerospace programs, and expand Titomic’s presence in key U.S. industrial supply chains. 14 APPOINTED RETIRED LIEUTENANT GENERAL JOHN FREWEN, AO, DSC TO THE BOARD During the year, Retired Lieutenant General John Frewen joined the Board of Titomic Limited. Lieutenant General Frewen served more than 40 years in the Australian Defence Force (ADF), including as Chief of Joint Capabilities, Coordinator General of the National COVID-19 Vaccine Taskforce, and Principal Deputy Director General of the Australian Signals Directorate. His leadership of large, complex organizations and multi-billion-dollar capability programs provides the Board with deep insight into defense procurement, sustainment, and sovereign manufacturing priorities. His appointment strengthens the Board’s capacity to guide Titomic as it pursues strategic manufacturing and sustainment contracts with both the Australian and U.S. defense sectors. TITOMIC UK LIMITED – MARKET EXPANSION IN THE UNITED KINGDOM In July 2025, Titomic established U.K.-based subsidiary, Titomic UK, to serve as a regional hub for delivering high-performance protective coatings, structural repairs, and additive manufacturing of components. The subsidiary strengthens Titomic’s presence in aerospace, defense, energy, and infrastructure markets across the United Kingdom. Les Gregory was appointed Vice President for Business Development in the U.K., bringing over 40 years of senior management experience in defense and manufacturing, including with BAE Systems. The U.K. operation will focus on engaging with the U.K. Government, Ministry of Defence, civil sector, and NATO/AUKUS-aligned partners, supporting sovereign manufacturing and contributing to regulated industrial programs. This expansion complements Titomic’s existing facilities in Europe, Australia, and the United States, reinforcing its global growth strategy and ability to meet domestic sourc