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6K ADDITIVE, INC. — Earnings Release 2025
Feb 26, 2026
64262_rns_2026-02-26_9a1683a9-1853-473e-91be-ba4ec50e2164.pdf
Earnings Release
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Full Year 2025 Results 27 February 2026
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IMPORTANT NOTICE & DISCLAIMER
This presentation ( Presentation ) is provided by 6K Additive, Inc. ( 6KA or the Company ) to provide summary information about 6KA and its activities as at the date of this Presentation and statements in this Presentation are made only as at the date of this Presentation (27 February 2026) unless stated otherwise. 6KA’s Chess Depositary Interests ( CDIs ) are admitted to trading on the Australian Securities Exchange ( ASX ) and 6KA’s public disclosures to the ASX can be found at https://www.asx.com.au/markets/company/6KA.
This Presentation is not, and does not purport to be, a prospectus, disclosure document or offering document under Australian or any other law. This Presentation is not, and does not constitute, or form any part of, an offer to sell or issue, or the solicitation, invitation or recommendation to purchase any securities.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, statements, opinions, matters or conclusions (express or implied) contained in, derived from, or arising out of this presentation, or any omission from this Presentation or of any other written or oral information or opinions provided now or in future to any person. This Presentation does not purport to summarize or contain all information that a recipient should consider when making an investment decision, nor does it summarize or contain all the information which would be required in a disclosure document prepared in accordance with the requirements of Australia’s Corporations Act 2001 (Cth) or any other legislation, and it should not form the basis of any decision by a recipient. Recipients should carry out their own investigations and analysis of the Company and verify the accuracy, reliability and completeness of the information contained in this Presentation or any other form of communication to which the recipient is permitted access, in evaluating an investment in the Company. Recipients should consult with their professional adviser(s) before making any investment decision, as an investment in the Company is considered to be speculative in nature.
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Not financial product advice
Reliance should not be placed on the information or opinions contained in this Presentation. This Presentation is for informational purposes only and is not financial product or investment advice or a recommendation to acquire the Company’s securities and does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. You should make your own assessment of an investment in the Company and should not rely on this Presentation. In all cases, you should conduct your own research of the Company and analysis of the financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and business affairs of the Company and its business, and the contents of this presentation. You should seek legal, financial, tax and other advice appropriate to your situation.
Past performance
Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as an indication of (and gives no guidance as to) future performance.
Future performance
This presentation contains forward-looking statements, including financial forecasts, regarding the Company’s financial condition, operations, and business strategies, as well as certain plans and objectives of its management. These statements, which are not historical facts, may be identified by words such as “believes”, “expects”, “plans”, “forecasts”, and similar expressions. Forward-looking statements involve inherent risks and uncertainties, both known and unknown. that may cause actual results to differ materially from those expressed or implied. These risks include funding availability, market demand, price and currency fluctuations, regulatory changes, economic conditions, political developments, and required approvals and other risks outlined in this Presentation and the Company’s previous disclosures to ASX .
No liability
To the maximum extent permitted by law the Company or its respective affiliates or related bodies corporate, nor any of their respective officers, directors, employees, agents and advisers ( Related Parties ), nor any other person, accepts any responsibility or liability for, and makes no recommendation, representation or warranty concerning or in relation to, the content of this Presentation, the Company, or the Company’s securities including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this Presentation or otherwise arising in connection with it.
Investment risk
Such statements are based on assumptions about current and future business strategies and operating environments, which may not prove accurate. They are not guarantees of future performance, and no representation is made that any forecast or objective will be achieved.
Forward-looking statements speak only as at the date of this Presentation and to the full extent permitted by law, the Company and its Related Parties disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this Presentation (including, but not limited to, any assumptions or expectations set out in the Presentation).
An investment in the Company is subject to investment risks and other known and unknown risks, some of which are beyond the control of the Company, including possible loss of income and capital invested. The Company does not guarantee any particular rate of return or the performance of the Company, nor does it guarantee the repayment of capital in the Company or any particular tax treatment. In considering an investment in the Company, investors should have regard to (amongst other things) the risks outlined in this Presentation and the Company’s previous disclosures to ASX.
© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE | BUSINESS & TEAM
AGENDA AND PRESENTERS
1. 2025 HIGHLIGHTS
2. GROUP OVERVIEW
3. EXPANSION
4. DIVISION OVERVIEW
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Frank Roberts CEO Jonathan Wolak CFO
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5. FINANCIAL PERFORMANCE
© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE | 2025 HIGHLIGHTS
INVESTMENT HIGHLIGHTS
FINANCIAL PERFORMANCE
2025 Revenue US$17.7m , while -4% lower YoY 4Q25 revenue reaccelerated to US$5.6m (+US$22m annualized)
Service revenue of US$2.0m highlights the initial traction of Alloy revenue model enhancements as well as ongoing DLA government R&D programs
Gross margin improved in 2025 particularly in 2H25 where Alloy recorded positive margin and Powder reduced losses by 80%.
US$71m in total available capital
-
Net cash of US$29.5m , US$14m balance of DPA Title III, US$27.4m EXIM loan
-
More than sufficient strategic capital to deliver on current expansion plans
OPERATIONAL PERFORMANCE
Customer base broadened significantly in 2025 with well over 100 unique customers across defense, aerospace, energy and medical markets. 20% of revenue generated from new customers.
Commissioned new gas atomizer delivering significant nickel powder growth particularly in 4Q25. Refractory alloys also recorded significant growth
Constructed a dedicated raw material warehouse 12,000 sq ft
Initiated processing of titanium solids and upcycling of C103 niobium under the Defense Logistics Agency (DLA) program
+US$250m active sales pipeline across spherical and angular powder as well as alloy additions
© 2026 6K Additive Proprietary and Confidential
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GROUP OVERVIEW
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6K ADDITIVE | GROUP OVERVIEW
ABOUT 6K ADDITIVE
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6K Additive is an advanced materials producer transforming domestic scrap into premium metal powders, alloy compacts, and mill products for additive and subtractive manufacturing. Powered by its exclusive UniMelt® plasma technology and closed-loop model , the company delivers sustainable, high-performance titanium, nickel, and refractory alloys for critical industries reducing reliance on imported materials whilst strengthening domestic U.S. supply chain resilience.
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Headquartered in the US with commercial and government-backed programs
Enables customers to improve part performance, increase yield, and reduce qualification risk
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Focused on critical applications across aerospace, defense, space, and industrial markets
Vertically integrated from material development through to production scale-up
© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE | GROUP OVERVIEW
MARKET OPPORTUNITIES / TAILWINDS
ADDITIVE MANUFACTURING (AM)
Forecasted to expand at a 25% 5-year CAGR, outpacing the broader metal powder market; 6KA derives most of its revenue from AM, with growing penetration into PM.
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STRUCTURAL SHIFT
Metal AM is undergoing a structural shift from prototyping to serial production, which now account for 68% of the metal AM equipment market (2024)[1] . Aerospace and defense are the primary catalysts, driving demand for complex, high-temperature components manufactured from nickel, titanium and refractory alloys.
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THE US SUPPRESSOR MARKET
Estimated at ~US$400-500M (2024), has seen demand accelerate sharply following the January 2026 elimination of the US$200 NFA tax stamp. The ATF processed ~150,000 eForms on January 1, ~60x the typical daily volume and leading manufacturers project 2026 sales could double YoY[4] . Suppressors are an ideal AM application due to complex internal geometries, and AM penetration is expected to rise from ~4% (2023) to ~30% by 2030[4] .
METAL POWDER MARKET GROWTH ($B)
Reported by Smartech (2024)
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AEROSPACE AND DEFENCE AM
The market is forecast to grow 18% in 2026 to US$6B, reaching US$11.5B by 2030 (17% CAGR)[2] . The U.S. DoD's 2026 budget allocates US$3.3B to AM projects - up 83% YoY - the single largest annual increase, signaling a long-term structural commitment[3] . Across the broader defense industrial base, demand for hightemperature refractory alloys continues to accelerate, driven by next-generation missile systems, propulsion, armor, and hypersonics.
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AM - Additive Manufacturing PM - Powder Metallurgy
$12.4
$11.9
$11.3
$10.8
$10.3
$9.9
$9.3
$3.7
$3.0
$1.0 $1.2 $1.5 $1.9 $2.4
2024 2025 2026 2027 2028 2029 2030
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© 2026 6K Additive Proprietary and Confidential
³ Additive Manufacturing Research, via 3DPrint.com ⁴ NSSF / Southwick Associates
¹ Grand View Research; IDTechEx
² The Business Research Company, via ResearchAndMarkets.com
6K ADDITIVE | GROUP OVERVIEW
MARKET TRACTION ANCHORED BY DIFFERENTIATED MODEL
COMPETITIVE ADVANTAGE
- UniMelt drives industry leading yields of 85-95%
• Domestic scrap-to-powder platform – low-cost feedstock and secure supply
- Customer scrap buy-back program
TARGETING LARGEST AND HIGH VALUE MARKETS
- 6KA’s unique UniMelt/atomizer combination underpins 6KA’s breadth of materials targeting the largest markets including laser bed powder fusion
• Production of both spherical and angular powder
ACCELERATED MARKET TRACTION
-
4Q25 annualized revenue run-rate exceeds US$22m, demonstrating 6KA’s sales execution while rapidly ramping production volumes
-
+100 unique customers across mostly part production programs
FUNDED EXPANSION PLANS
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Initial plan targeting 5x powder production capacity and ingot melt capability funded by 2025 equity capital raises and DPA Title III grant award
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EXIM low-cost loan provides flexibility to add additional growth capacity
© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE | GROUP OVERVIEW
SUPPLY CHAIN VERSATILITY AND COST ADVANTAGES
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SCRAP MARKET AVAILABILITY 6KA scrap demand is <1% of total domestic scrap required to achieve near-term goals
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CLOSED-LOOP
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UPCYCLING SUPPLY CHAIN Aerospace & defense OEM reverts / offcuts • Ability to convert direct solid scrap to high quality powder
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• Ability to lower cost of buying back scrap by upcycling
PRIMARY SOURCES OF SCRAP 6KA has commercial partnerships with large generators and aggregators of specialty metals across multiple tiers, ensuring security of cost and quality
PROCUREMENT STRATEGY 6KA’s procurement strategy underpins the quality, traceability and security over feedstock
SCRAP SUITABLE FOR 6KA’S PROCESS
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“By supplying our revert material into 6K Additive’s production process, we are supporting circular material flows while helping to reduce waste and emissions associated with metal powder production. Partnerships like this play an important role in strengthening the overall additive manufacturing value chain.”
Steve Sarcander
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Head of Finance, Additive Manufacturing of Siemens Energy
© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE | GROUP OVERVIEW
PROPRIETARY PROCESSES
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| PROCESS/FLOW | PROCESS/FLOW | PROCESS/FLOW | PROCESS/FLOW | PROCESS/FLOW | PROCESS/FLOW | PROCESS/FLOW | PROCESS/FLOW | PRODUCT | APPLICATIONS | KEY ADVANTAGES | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VETTING | POWDER (65% of revenue targeting 80%) REMELT PREP UNIMELT/ATOMIZER SPHEROIDIZATION POST PROCESS PREMIUM POWDER INGOT SCRAP PREPARATION MELT REMELT INGOTS ALLOY MILLING PRESSING DRYING ALLOY ADDITIONS |
3D PRINTING DEFENCE AEROSPACE MEDICAL AUTOMOTIVE INDUSTRIAL CONSUMER ELECTRONICS |
UNIMELT DRIVES HIGHER YIELD Wider tuneable particle size distribution delivers 85-95% yield vs 25-50% for competitors LOW-COST FEEDSTOCK Domestically sourced scrap feedstock lowers cost and increases control UNIMELT-VIGA COMBO Unique capability that cannot be replicated UNIMELT HIGH EFFICIENCY 99% Effective Coupling lowers energy cost Microw ave Genera tor Microwave to Plasma Creation |
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| REMELT PREP | UNIMELT/ATOMIZER SPHEROIDIZATION |
POST PROCESS | PREMIUM POWDER | ||||||||||
| INGOT | |||||||||||||
| SCRAP PREPARATION |
MELT | REMELT INGOTS | |||||||||||
| ALLOY | |||||||||||||
| MILLING | PRESSING | DRYING | ALLOY ADDITIONS |
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© 2026 6K Additive Proprietary and Confidential
6K ADDITIVE | GROUP OVERVIEW
VERSATILE, EFFICIENT, HIGH-YIELD PRODUCTIVITY
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UniMelt ®
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UNIMELT
(PLASMA TECHNOLOGY)
Versatility across alloys including aluminium, copper, titanium, nickel, refractory metals.
• Exclusive perpetual global royalty free license for Additive Manufacturing
The UniMelt® provides 6KA with a unique market position allowing it to leverage legacy processes and technology to significantly improve ROIC
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Atomiser production cell in Hayward, CA
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VIGA
(GAS ATOMIZER)
Vacuum-melts virgin or qualified scrap feedstock under highpressure inert gas to atomize it into high-purity spherical powder. 6KA using qualified scrap predominantly for nickel superalloys.
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VERSATILITY
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3500 1750°C = temperature limit for
refractory crucibles used in
3000
conventional gas atomization
2500
2000
1500
1000
500
Refractory Metals
Typical Atomized
Size Distribution
Required size for
additive manufacturing
Under and
oversized powder
Particle Size (µm)
Technology to shift ‘offsize’ powder into
the required sized for 3D printing
Melting Point (°C)
Cumulative Distribution %
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© 2026 6K Additive Proprietary and Confidential
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EXPANSION PLAN
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6K ADDITIVE| EXPANSION PLAN CURRENT EXPANSION PLAN
DPA TITLE III US$47M 50/50 COST SHARE
US$34m US$13m
Capex (2024-2028) Working Capital (2024-2028)
-
1 Atomizer in production (2025)
-
4 New UniMelt systems (2026 commissioning)
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Insourcing of feedstock production (2026)
-
Ingot Melt Capability (2028)
-
US$33m remaining (of US$47m)
6KA FUNDED PLAN (OUTSIDE OF DPA TITLE III)
-
Dedicated Refractory production facility
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2 additional UniMelt systems 2028
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Pre/post processing equipment
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Fully Constructed Powder Building Rendering
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| CURRENT | EXPANDED OPERATIONS |
|
|---|---|---|
| Spherical Powder | 200MT | 1,000MT |
| AlloyAdditions(Ti/Zr) | 1,350MT | 1,350MT |
| Angularpowder(Ti/Cr) | 90MT | 340MT |
| Ingot Melt | 0 | 3,600MT |
| Total Capacity | 1,640MT | 6,290MT |
SPHERICAL POWDER 2025 VS SCALED
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2025 Scaled
600
300
100
131
48
21
NICKEL (NI/CU/OTHER) TITANIUM REFRACTORY
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© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE| EXPANSION PLAN
BURGETTSTOWN CAMPUS
2025 OVERVIEW
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Successfully commissioned VIGA atomizer
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Powder capacity increased from 100MT to +200MT driven by nickel and refractory
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Completed alloy warehouse facility
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Completed designs for the powder building expansion
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Current expansion plan to utilize up to ~25 of 45 acre site
ADDITIONAL GROWTH OPTIONS FUNDED BY EXIM LOAN
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UniMelt systems – scope for up to 4 more bringing total to 14 and adding 200MT of additional powder capacity
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Additional VIGA atomizer
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Customer pull for expansion in Europe – medium term
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PREP & Consolidated
Operations Melt & Refractory
Production Alloy
Warehouse Alloy
Production
Corporate
Offices
Powder
Expansion
6KA Burgettstown Campus – illustrative future expansion plan
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Expansion of PA Powder Facility
- Construction commencing Q1 2026
2026
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Commissioning of additional UniMelt systems
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Build out of onsite feedstock capability
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Relocation of Atomizer
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Build out Atomizer infrastructure in PA
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Installation and recommissioning
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Powder Capacity Expansion Fully Operational
- Atomizer in production
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HDH process in production
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4 additional UniMelt’s in production
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Construction of the Melt & Refractory Facility
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Begin construction of melt facility
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Continued UniMelt Capacity expansion
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Construction of Refractory Facility
- Supporting equipment and systems
2027
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Expansion of Melt Facility
-
Commercial availability of high value superalloy ingots
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Unique and customizable feed material for conversion to premium powder
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Consolidation of Additional Remote Operations
© 2026 6K Additive Proprietary and Confidential
ILLUSTRATIVE TIMELINE
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6K ADDITIVE| STRATEGIC PARTNERSHIPS
STRONG GOVERNMENT BACKING
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STRATEGIC POSITIONING AND GOVERNMENT VALIDATION
-
6KA’s materials portfolio aligns directly with the priorities of U.S. defense, aerospace, medical, and energy markets. These sectors increasingly demand secure, domestic, high-performing supply chains.
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6KA’s strategic importance is validated by strong and growing government support, including: • US$23.4m Defense Production Act Title III grant
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US$12.4m in Defense Logistics Agency programs over recent years, including the conversion of titanium and nickel into high-value powder
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US$1.8m program for the processing of niobium and titanium scrap – all from the U.S. military depots
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US$27.4m Export-Import Bank approved loan facility
These awards reflect the recognition of 6K Additive as a critical supplier to U.S. national security and industrial resilience.
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© 2026 6K Additive Proprietary and Confidential
DIVISIONAL OVERVIEW
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6K ADDITIVE| DIVISIONAL OVERVIEW
Premium product offerings all manufactured from sustainable sources
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Product Category Metals ASP Market Differentiation Markets Titanium US$130 Tungsten US$175 Premium Performance Spherical Powder Niobium (etc.) US$1500 Lower CO2 & Energy Nickel US$55 Sustainably Sourced Raw Material MEDICAL AERO-DEF SPACE AUTO INDUSTRIAL OIL & GAS CONSUMER Copper US$70 APPLICATIONS ELECTRONICS Titanium US$85 Ultra-High Purity (Cr) Angular Powder Chromium US$40 Sustainably Sourced Raw Material INDUSTRIAL CONSUMER TOOLING & MEDICAL ELECTRICAL ENERGY APPLICATIONS ELECTRONICS MOULDING Titanium US$10 Faster Dissolution Alloy Additions Zirconium US$25 Sustainably Sourced MEDICAL AERO-DEF SPACE AUTO INDUSTRIAL OIL & GAS CONSUMER APPLICATIONS ELECTRONICS Titanium US$14- Ingot Sustainably Sourced Nickel $20 AERO-DEF SPACE AUTO INDUSTRIAL APPLICATIONS Titanium Trading US$8-$20 Low-Cost Supply Nickel AERO-DEF INDUSTRIAL OIL & GAS APPLICATIONS
© 2026 6K Additive Proprietary and Confidential
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6K ADDITIVE | DIVISIONAL OVERVIEW
POWDER AND ALLOY SALES FUNNEL
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5,000+ Leads
Identified Opportunity
Identified Annual of Future state Opportunity on product within capability or on development roadmap
Qualification
Annual or future state opportunities that are currently in qualification at customer
Qualified & Working
Annual opportunities with qualified customers that are transactionally progressing to FRQ’s on a regular basis
Proposed & Negotiating
RFQ’s and LTA’s that have been delivered to the customer and are actively being negotiated to close
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480+ Accounts
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US$130m
US$51m
US$47m
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US$22m
*** US$250m**
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21%
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10%
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Defense Aerospace Industrial Biomedical Printer OEM Energy Contract Mfg. Melt Addition
5%
8%
-
11% 17% Energy Contract Mfg.
-
11% Melt Addition
-
17%
-
OVERVIEW OF TYPICAL QUALIFICATION PROCESS • Chemistry
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Product-level: • PSD/flowability
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Powder passes the lab • Validated to Spec Process-level: • Powder & part performance validated through
-
P arts pass the printer print and test procedures
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to validate • Added to customer Approved Supplier List
-
performance Qualified & in production across core L-PBF alloys: • Ti-64 • Nb C103
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6KA Today • IN625 • Ta-2.5W • IN718 • Cr
-
management estimates of potential annual revenue opportunity; includes opportunities at varying stages; not contracted; conversion uncertain; excludes cancellations. © 2026 6K Additive Proprietary and Confidential
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6K ADDITVE | DIVISIONAL OVERVIEW
POWDER
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Industry leading premium powder portfolio of 20+ alloys including refractories, titanium, and nickel
OPERATIONAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
-
Customer base expanded significantly in 2025, with 20% of revenue derived from new customers (accelerating to 32% in 4Q25).
-
Sustained demand for 6KA’s powder is primarily driven by customers using it in production parts, creating a consumable revenue profile.
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6KA is experiencing strong customer demand driven by the underlying demand from the suppressor market across both nickel and titanium powders.
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The DLA program with 6KA demonstrated upcycling of government sourced C103 niobium and titanium scrap into premium powders for defense applications, bolstering supply chains and future market demand.
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Powder revenue was flat YoY with fundraising delays as the key reason. Revenue accelerated into 2H25 with HoH growth of 37% highlighting accelerating sales and production momentum, which continued to improve again into 4Q25.
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Revenue growth was very strong for nickel driven by the successful commissioning of the atomizer . Refractories and titanium were also strong.
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Gross margin loss reduced in 2025 with accelerating improvement into 2H25 dropping 80% HoH.
| US$m | 2024 | 2024 | 2024 | 2025 | 2025 | 2025 | 2025 |
|---|---|---|---|---|---|---|---|
| H1 | H2 | FY | H1 | H2 | FY | H2 ANNUALISED |
|
| REVENUE | 6.0 | 6.0 | 12.0 | 5.1 | 7.0 | 12.1 | 14.0 |
| GROSS MARGIN | -1.0 | -0.8 | -1.9* | -1.3 | -0.3 | -1.6 | -0.5 |
*although table values add to -1.8, due to rounding -1.9 is the correct reflection of the un-approximated values.
© 2026 6K Additive PropInc. Proprieta r y and Confidentialietary and Confidential
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6K ADDITVE | DIVISIONAL OVERVIEW
ALLOY
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Alloy Division is an important contribution to overall revenue, profitability, and cash flow. Strengthening supply chain supports growth with strategic tailwinds.
OPERATIONAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
-
Introduced services revenue model for the processing of titanium SWARF , which is the main Alloy feedstock, during 2025.
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Secured a US$1.9m revenue order during 4Q25 from a major US-based aluminum producer providing near-term 2026 revenue visibility
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Secured multiple new qualifications in the US and with leading European aluminum producers resulting in booked business for 2026
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Newly completed warehousing facility supports streamlined operations and an increase in existing volume capacity without further investment
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SWARF services revenue contributed materially to 2H25
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Gross margin improved to breakeven levels during 2H25
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SWARF process services model strengthens 6KA’s competitive position significantly by effectively lowering feedstock cost.
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Revenue outlook supported by recent contract win and the opportunity to commercialize recent qualifications.
| US$m | 2024 | 2024 | 2024 | 2025 | 2025 | 2025 | 2025 |
|---|---|---|---|---|---|---|---|
| H1 | H2 | FY | H1 | H2 | FY | H2 ANNUALISED |
|
| REVENUE | 3.7 | 2.7 | 6.4 | 2.6 | 3.0 | 5.6 | 6.1 |
| GROSS MARGIN | 0.0 | -0.7 | -0.7 | -0.2 | 0.0 | -0.1 | 0.1 |
© 2026 6K Additive PropInc. Proprieta r y and Confidentialietary and Confidential
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FINANCIAL PERFORMANCE
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6K ADDITIVE | FINANCIAL PERFORMANCE
2025 FINANCIAL RESULTS
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| PROFIT AND LOSS (US$M) | 2025 | 2024 | BALANCE SHEET (US$M) | 2025 | 2024 | Profit and Loss • Revenue decreased 4% driven by Alloy segment. • 2H25 revenue accelerated to US$10m from $7.7M in 1H25 driven by Powder and SWARF service revenue • DLA program positivity impacted 2025 revenue by $1.2M • No customer above 10% of revenue vs 2024 two customers between 10-24%. • R&D reduction due to transition to scaled production. Balance Sheet • Cash and equivalents increase due to IPO capital raise • Change in other current liabilities due to conversion of related party loans to equity pre-IPO. |
|
|---|---|---|---|---|---|---|---|
| Total Revenue 17.7 18.4 |
Current assets: Cash & cash equivalents Accounts receivable Prepaid expenses / other current assets Inventories 29.5 4.6 0.7 10.0 1.8 3.1 1.0 6.0 |
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| Cost of revenue 19.4 21.0 |
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| Gross margin (1.7) (2.6) |
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| Operating expenses: SG&A R&D 9.6 1.8 10.0 3.4 |
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| Total current assets 44.8 12.0 |
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| Property and equipment Goodwill Intangible assets Operating lease right-of-use-assets 17.9 3.2 2.1 1.1 20.8 3.2 2.5 1.4 |
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| Total operating expenses 11.4 13.4 |
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| Loss from operations Interest expense, net (incl. related party) Other income,net (13.1) 4.9 (0.2) (16.0) 9.5 (0.2) |
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| Total assets 69.1 39.9 |
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| Total other expense, net 4.7 9.3 |
Current liabilities: Accounts payable Accrued expenses and other liabilities 2.7 3.2 3.1 78.5 |
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| Loss before income taxes Income tax expense (17.9) 0.0 (25.3) 0.0 |
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| Total current liabilities 5.9 81.6 |
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| Net loss (17.9) (25.3) |
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| Other liabilities 0.3 1.0 |
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| Net loss per share, basic and diluted (0.15) (0.67) |
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| Total liabilities 6.2 82.6 |
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| Weighted average shares of common stock, basic and diluted 122.2 37.6 |
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| Total equity 62.9 (42.7) |
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© 2026 6K Additive PropInc. Proprieta r y and Confidentialietary and Confidential
6K ADDITIVE | FINANCIAL PERFORMANCE 2025 FINANCIAL RESULTS
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| CASH FLOW STATEMENT (US$M) | 2025 | 2024 |
|---|---|---|
| Operating loss (before WC & non-cash items) Net WC movement Other operating timing items Related-party operating movements Lease WC movements (13.3) (5.3) (0.2) 4.6 (0.1) (17.4) 2.2 (0.7) 11.9 (0.1) |
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| Net Cash Used in Operating Activities (14.2) (4.2) |
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| Net capital expenditure (0.5) (2.5) |
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| Net Cash Used in Investing Activities (0.5) (2.5) |
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| Equity capital raised (net) Net related-party financing Lease principalpayments 40.1 2.5 (0.2) 0.0 7.5 (0.2) |
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| Net Cash provided by financing activities 42.4 7.3 |
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| Net increase in cash 27.6 0.7 |
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| Ending cash balance 29.5 1.8 |
Working Capital: Inventory increased by US$4m to support higher sales in 2H25 and stockpiling elements ahead of the relocation of the Atomizer.
Capital Expenditure: Net capex declined in 2025 but is expected to increase to US$11-12m p.a. in 2026 and 2027 to fund planned capacity expansion.
Financing Activities: US$40m in net equity capital raised reflects 6KA’s ASX listing in December 2025. Related-party financing from the parent company, 6K Inc, ceased at IPO.
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© 2026 6K Additive PropInc. Proprieta r y and Confidentialietary and Confidential
6K ADDITIVE| SUMMARY
2025 SETTING FOUNDATION FOR FUTURE GROWTH
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• Acceleration highlights execution (4Q25 revenue run-rate +US$22m)
2H25 MOMENTUM
• 2H25 reduction in gross margin losses signals next phase of growth
• Broadening of customer base (32% of 4Q25 revenue from new customers)
• 2H25 ongoing support from government and commercial partners for feedstock supply
Positioning 6K Additive as a preferred partners for both Military and Civil end-use applications 6K ADDITIVE ONGOING LTA QUALIFICATION NEGOTIATIONS EXPANDING Our TAM and strengthening our sales pipeline to a total of over US$250m annually
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----- Start of picture text -----
Completed designs for
the expanded facility
OVER 100 SCALE ANNUAL STRONG
UNIQUE DOMESTIC BALANCE SHEET
CUSTOMERS CAPACITY 5X
Multiple end markets,
including space, defense,
in available funding
land-based turbines,
vacuum interrupters,
cash, government grants,
medical applications
----- End of picture text -----
6KA has access to US$71m in available funding through a combination net cash, government grants, and low-cost loan
© 2026 6K Additive PropInc. Proprieta r y and Confidentialietary and Confidential
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Email: [email protected]
Email: [email protected]
https://6KAdditive.com
APPENDIX
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BOARD AND MANAGEMENT
World class board of directors
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David Seldin
Frank Roberts
Grant Lukey
James Walker
Chairman
Non-Executive Director
Non-Executive Director
CEO
Washington-based
Pittsburgh-based
Perth-based
Sydney-based
25+ years’ experience in the ASX listed company board ASX listed company board specialty metals industry director experience. Current CEO director experience. Track record including strategic positions at and Managing Director of Coogee of successfully commercialising ATI and as CEO of Al Solutions Chemicals, a chemical cutting edge technology in global focused on upcycling titanium manufacturer in Australia for markets. Current Non-Executive (acquired by 6K). Led concept, additive manufacturing and other Chair, Native Mineral Resources and construction of a greenfield critical applications. Current Non(ASX:NMR); Executive Director, facility into a state-of-the-art Executive Director of Orbital UAV. Scalare Partners(ASX:SCP). production campus for premium Officer of the National Executive additive manufacturing powders in the Australian Industry Group and alloy additions. since 2024.
35+ years experience across venture capital and investment advisory. Managing Partner and Co-Founder of Anzu Partners, a US-based venture capital firm. Anzu Partners’ investment funds are the largest shareholder in 6K, Inc. and hold investment positions in over 40 industrial companies.
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Jeffrey Green
Non-Executive Director
Washington-based
Leads JA Green & Company, a preeminent Department of Defence advocacy firm in the United States with over 80 industrial clients including Palatir, SpaceX and Shield AI. Retired Colonel US Air Force.
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Magnus Rene
Non-Executive Director
Boston-based
Additive Manufacturing industry veteran and current strategic advisor to 6K Inc. Previously CEO of Arcam Group (acquired by GE in 2016). Significant experience in aerospace and medical additive manufacturing leading companies from first trials to mass production as CEO and/or board member
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© 2026 6K Additive Proprietary and Confidential
6K ADDITIVE | FINANCIAL PERFORMANCE
USE OF FUNDS
| USE OF FUNDS (US$M) | ACTUAL | PROSPECTUS TOTAL |
|---|---|---|
| • Melt and Powder Expansion Buildings - 8.5 |
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| • Personnel/Engineering/Facilities 0.1 4.4 |
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| • Equipment – Melt Furnaces - 6.0 |
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| • Equipment – Powder Feedstock/Other - 1.7 |
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| Subtotal (DPA Title III Contribution) 0.1 20.6 |
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| Additional Equipment Purchases (Refractory) - 8.4 |
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| Additional Building Construction Expenses (Refractory/consolidation) 0.2 6.5 |
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| Operating Expenses/Working Capital 1.8 11.4 |
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| IPO Related Fees 2.7 2.2 |
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| Total 4.8 49.1 |
*Note: Amounts in the Prospectus were stated in Australian $ and have been converted about at an exchange rate of AUD/USD of 0.65.
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| CAPITAL AVAILABLE | US$M |
|---|---|
| DPA Title III Grant | 14.0 |
| EXIM Bank Loan | 27.4 |
| Net Cash Position | 29.5 |
| Total | 70.9 |
| Desirable positioning post-IPO tocomfortably fundthe expansion plan, supported by the DPA Title III grant, with $14Mof the initial$23.4M remaining. The approval of US EXIM Bank Loan of$27.4M (subject to final documentation) provides additional resources for any future expansion plans. |
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© 2026 6K Additive PropInc. Proprieta r y and Confidentialietary and Confidential