FBR Limited Finalizes Capital Consolidation, Revises Share Structure and Announces Trading Resumption

FBR’s Robotics Innovations and Dynamic Stabilisation Technology Platform

FBR Limited develops dynamically stabilised robots to meet global industrial demands with enhanced safety, efficiency, and sustainability. The company’s core proprietary technology, Dynamic Stabilisation Technology (DST), enables robots to operate effectively in challenging outdoor industrial environments. This technology underpins FBR’s three flagship products: Hadrian, Mantis, and Firehawk.

Hadrian is an advanced bricklaying robot capable of constructing structural walls faster, safer, and with greater precision and less waste compared to traditional manual methods. Offered through a unique Wall as a Service commercial model, Hadrian is available on demand to builders and also for purchase by order. Mantis is a high-deposition welding robot targeting large-scale metal fabrication sectors such as mining, shipbuilding, and defence manufacturing. Firehawk is an autonomous refractory lining robot that eliminates human labor from lining ladles with refractory bricks in steel production. Collectively, these products exemplify FBR’s commitment to automating hazardous, labor-intensive, and repetitive industrial tasks.

Details of Capital Consolidation and Updated Share Structure

FBR completed a capital consolidation approved by shareholders at the 15 July 2026 general meeting. This corporate action reduces the number of shares on issue while proportionally adjusting the value per share, aiming to enhance marketability and trading appeal. Following consolidation, FBR’s updated capital structure has been publicly disclosed.

At the consolidation record date, FBR held 139,301,616 shares post-consolidation. Subsequently, 4,114,632 additional shares were issued, bringing the total to 143,416,248 shares. This revised capital structure forms the basis of FBR’s equity capitalization. The company will issue new holding statements to all securityholders to clarify their post-consolidation shareholdings.

Outstanding Options, Performance Rights, and Convertible Notes in Revised Capital Structure

Beyond ordinary shares, FBR’s consolidated capital structure includes various listed and unlisted securities contributing to total equity dilution. The company holds 9,000,000 options exercisable at $0.50 with expiry on 8 August 2028. Additionally, 1,910,526 options were issued post-record date with a $0.17 exercise price and expiry on 21 July 2029. These options may cause future dilution and reflect FBR’s capital management and incentive strategies.

FBR also holds performance rights: 18,283 expiring on 31 July 2026, indicating imminent maturity or lapse, and 1,500,000 expiring on 31 July 2029, providing longer-term incentives. Furthermore, 500,000 convertible notes maturing on 21 January 2028 form part of the capital structure. Details on these convertible notes were provided in a prior announcement dated 20 July 2026.

Resumption of Normal Trading on T+2 Settlement from 28 July 2026

Normal trading of FBR securities will resume on 28 July 2026 under the standard T+2 settlement convention, where trades settle two business days after execution. This marks the end of the consolidation period during which trading was restricted to facilitate processing and communication of the new capital structure.

The resumption restores liquidity and enables shareholders and investors to trade shares at market prices. The trading halt during consolidation is customary to ensure orderly market operations and transparency. The return to normal trading signals completion of the consolidation process and readiness for ongoing market activity.

Distribution of Updated Holding Statements to Securityholders

FBR is sending updated holding statements to all securityholders reflecting their post-consolidation shareholdings. These statements are crucial for confirming exact holdings of shares, options, performance rights, and other securities following the consolidation. Updated statements prevent confusion or disputes regarding ownership percentages.

Issuing new holding statements is standard after capital restructurings and serves as the official record in the company’s register. Securityholders should retain these documents for their records and future transactions. Any discrepancies or questions should be directed to FBR’s registry or investor relations team as per the contact details in the announcement.

FBR’s Western Australian Headquarters and Operational Reach

FBR Limited is headquartered at 88 Sultana Road West, High Wycombe, Western Australia 6057, and is listed on the ASX under ticker FBR. Its Western Australian base situates it within a major industrial and resources hub, aligning with key target markets. The region hosts significant mining, shipbuilding, defence manufacturing, and steel production sectors—primary markets for FBR’s Mantis welding and Firehawk refractory lining robots.

The location also supports proximity to the construction industry, where Hadrian is deployed via the Wall as a Service model. FBR’s Western Australian operations combined with its global technology portfolio position it to serve both domestic and international markets. Investor communications are maintained through www.fbr.com.au, with contact available by phone at +61 8 9380 0240 or email at [email protected].

Strategic Capital Management via Consolidation and Security Issuance

FBR’s capital consolidation represents a strategic capital management initiative by its board. Such consolidations typically aim to increase per-share price attractiveness, reduce share count to lower administrative costs, and signal management confidence. Shareholder approval at the 15 July 2026 meeting confirms investor support.

Alongside consolidation, FBR has issued new securities post-consolidation, including shares, options, and convertible notes. This approach balances existing shareholder interests with capital raising and incentive objectives. The convertible notes maturing 21 January 2028, noted in the 20 July 2026 announcement, indicate use of convertible debt within the company’s financing strategy.

Industry Outlook for Robotics and Automation Solutions

FBR operates within the expanding global robotics and industrial automation sector, driven by demands for enhanced efficiency, safety, and sustainability. Its target industries—construction, metal fabrication, mining, shipbuilding, defence, and steel production—face labor shortages, rising safety requirements, and productivity pressures, fueling demand for robotic solutions.

Construction automation, exemplified by Hadrian, addresses labor deficits and safety concerns. Welding and refractory lining sectors similarly benefit from automation. FBR’s focus on outdoor robotics and proprietary DST technology differentiates it in a competitive market. The Wall as a Service commercial model for Hadrian innovates beyond equipment sales, lowering capital barriers and encouraging adoption.

Regulatory Compliance and Board Approval of Announcement

The capital consolidation was completed following formal shareholder approval at the 15 July 2026 general meeting, complying with Australian Corporations Law and ASX listing rules designed to protect minority shareholders and ensure broad investor consent for major corporate actions.

The announcement has been authorised for release to the ASX by FBR’s Board of Directors, confirming board review and approval. This standard governance practice assures accuracy and completeness of disclosed information. FBR’s Chief Operating Officer, Kiel Chivers, is the designated contact for investor inquiries related to this update.