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FBR Limited (FBR) AI Stock Analysis

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AU:FBR

FBR Limited

(ASX:FBR)

Select Model
Rating:37Underperform
Price Target:AUD 0.05â–²(0.00% Upside)
Action:reiterated
Date:10/29/26

The stock scores at the absolute minimum of 37, reflecting a company in severe distress. The most significant factor is the catastrophic financial performance, marked by a near-total revenue collapse, massive unprofitability, and ongoing cash burn that has decimated shareholder equity. This fundamental weakness is confirmed by a bearish technical trend and an irrelevant valuation. The company faces substantial going-concern risk.

Positive Factors
Historical Revenue ScalingHigher sales in 2023 and 2025 show that FBR’s construction-automation offering can generate materially greater revenue in stronger commercial periods. Although the pattern is inconsistent, this scalability provides a foundation for future growth if customer adoption and project activity become more repeatable.
Negative Factors
Persistent UnprofitabilityRepeated net losses across six years indicate that FBR has not yet established a profitable operating model. Persistently negative margins reduce internally generated funding, make continued commercialization more dependent on external capital, and weaken the company’s ability to absorb execution setbacks.

FBR Limited (FBR) vs. iShares MSCI Australia ETF (EWA)

-80%-60%-40%-20%0%20%AU:FBR-65.71%EWA+13.51%Aug '26Sep '26Oct '26
Market Cap
AUD 6.14M
Dividend Yield
―
Average Volume (3M)
746.09K
Price to Earnings (P/E)
-0.0
Beta (1Y)
2.79
Revenue Growth
-98.25%
EPS Growth
89.57%
Country
Australia
Employees
11
Sector
Real Estate
Sector Strength
65
Industry
Industrial - Machinery

FBR Limited Business Overview & Revenue Model

Company Description

FBR Limited, an Australian enterprise established in 1999 and based in High Wycombe, specializes in the comprehensive lifecycle of robotics, from conceptualization and engineering to manufacturing and deployment. Previously known as Fastbrick Robotic...

How the Company Makes Money

FBR’s revenue model is centered on commercialising its construction robotics technology and related intellectual property. The company aims to generate revenue through (1) the sale and/or deployment of its robotic construction systems and associated...

FBR Limited Financial Statement Overview

Summary

Financial health is critically distressed. Revenue has collapsed by 94%, gross margins are deeply negative at -284%, and the company is burning cash with negative free cash flow of -$4.7M. A 90% erosion of shareholder equity has spiked the leverage ratio, indicating a high risk of insolvency.

Income Statement

8Very Negative

Balance Sheet

45Neutral

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue22.90K22.90K1.31M836.71K1.66M765.23K
Gross Profit-4.99M-6.51M-3.95M261.18K-24.64M-15.61M
EBITDA-9.77M-9.50M-27.23M-28.50M-26.72M-17.53M
Net Income-7.72M-7.72M-29.00M-27.77M-22.89M-19.98M
Balance Sheet
Total Assets13.94M13.94M69.84M74.96M86.60M73.34M
Cash, Cash Equivalents and Short-Term Investments27.81K27.81K101.17K3.74M13.40M11.52M
Total Debt4.54M4.54M4.61M8.20M9.31M10.19M
Total Liabilities8.32M8.32M7.89M13.92M15.09M15.07M
Stockholders Equity5.62M5.62M61.95M61.04M71.51M58.27M
Cash Flow
Free Cash Flow-4.72M-4.72M-24.43M-25.33M-29.69M-22.71M
Operating Cash Flow-3.15M-3.15M-19.34M-21.63M-16.83M-15.34M
Investing Cash Flow-941.72K-941.72K-7.25M-3.73M-10.82M-3.38M
Financing Cash Flow4.02M4.02M22.88M16.70M29.54M19.11M

FBR Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:FBR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:CWPAU:CWP75OutperformAUD 524.85M7.8712.22%6.35%7.87%33.77%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
AU:MXIAU:MXI65NeutralAUD 110.30M12.677.99%4.83%2.72%12.33%
AU:ANGAU:ANG63NeutralAUD 105.93M17.524.45%7.10%-12.68%-76.78%
AU:G1CAU:G1C59NeutralAUD 20.10M57.006.16%―102.83%-41.18%
AU:DGHAU:DGH40UnderperformAUD 32.32M1316.670.03%―-2.71%-99.38%
AU:FBRAU:FBR37UnderperformAUD 8.97M-0.02-124.56%―-98.25%89.57%

* Real Estate Sector Average

Performance Comparison

-50%0%50%100%AU:FBRAU:ANGAU:MXIAU:DGHAU:G1CAU:CWPAug '26Sep '26Oct '26
AU:FBR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:FBRFbr Limited0.05-0.09-65.71%
AU:ANGAustin Engineering Limited0.17-0.09-34.62%
AU:MXIMaxiPARTS Limited1.99-0.31-13.55%
AU:DGHDesane Group Holdings Ltd0.79-0.11-12.22%
AU:G1CRaptis Group Ltd.0.06-0.01-17.39%
AU:CWPCedar Woods Properties Limited6.14-2.13-25.79%

FBR Limited Corporate Events

FBR Secures First Commercial Order Deposit for Mantis Welding Robot

Oct 27, 2026

Robotic technology group FBR Limited has received a 20% deposit of A$198,000 from Industrial Robotics LLC for the first commercial unit of its Mantis high-deposition welding robot. The purchase order became binding following successful factory accept...

FBR Targets Construction Labour Shortages With Outdoor Robotics Technology

Oct 26, 2026

FBR Limited has unveiled its Dynamic Stabilisation Technology, a real-time control system that measures and corrects boom movement to allow large robots to work with millimetre accuracy in outdoor environments. The solution is designed to overcome wo...

FBR Showcases Mantis Welding Robot to Samsung Heavy Industries

Oct 25, 2026

FBR Limited has showcased its Mantis high-deposition industrial welding robot to a visiting delegation from Samsung Heavy Industries, one of the world’s largest shipbuilders. The Korean team observed Mantis executing shipbuilding-style welds, f...

FBR Ltd Plans New Share Placement Ahead of December Issue

Oct 22, 2026

FBR Ltd has notified the ASX of a proposed placement of up to 657,895 ordinary fully paid shares, signalling its intention to issue new equity to investors. The company has set a proposed issue date of 1 December 2026, indicating a forthcoming capita...

FBR Ltd Revises Size of Proposed Share Placement

Oct 22, 2026

FBR Ltd has lodged an updated notice with the ASX outlining a proposed issue of securities via a placement or similar equity offering, revising details previously disclosed in February 2026. The latest filing specifically updates the quantity of shar...

FBR Ltd Updates ASX on Final Placement and SPP Securities

Oct 22, 2026

FBR Ltd has filed an updated notice with the ASX outlining changes to a proposed issue of securities, revising the quantities based on the final outcomes of a share placement and share purchase plan. The filing confirms the company’s applicatio...

FBR Limited Sets November 2026 AGM to Address Governance and Board Elections

Oct 22, 2026

FBR Limited has called its annual general meeting for 1:00 p.m. WST on 23 November 2026 at its High Wycombe, Western Australia premises, setting 21 November 2026 as the record date for shareholder voting eligibility. The meeting will table the compan...

FBR Limited Announces Exit of Major Institutional Shareholder

Oct 13, 2026

FBR Limited has disclosed that The Prudential Assurance Company Limited, a subsidiary of M&G Plc, has ceased to be a substantial holder in the company as of 12 October 2026. The change reflects a reduction in Prudential’s relevant interest...

FBR Limited Issues New Shares and Confirms Compliance in ASX Cleansing Notice

Oct 12, 2026

FBR Limited has issued fully paid ordinary shares and confirmed the move via an ASX cleansing notice, stating the issuance was undertaken without a prospectus under relevant Corporations Act provisions. The company indicates it is in compliance with...

FBR Ltd Seeks ASX Quotation for 21.9 Million New Shares

Oct 12, 2026

FBR Ltd has applied for the quotation of 21,968,747 ordinary fully paid shares on the Australian Securities Exchange, formalising the admission of these securities to trading. The application, lodged as a new announcement dated 12 October 2026, refle...

FBR’s Mantis Welding Robot Clears Key Tests and Stays in Perth for Pilot Program

Oct 7, 2026

FBR Limited has completed factory acceptance testing and independent non-destructive testing certification for its first Mantis™ welding robot, confirming that the system delivers high‑deposition, twin‑wire automated welds that comp...

FBR Cancels Underwritten Issue After New Subscription Deal

Oct 6, 2026

FBR Ltd has cancelled a previously announced securities issue plan after entering into a new subscription agreement dated 7 October, which led the company to terminate its earlier underwriting agreement. The proposed securities issue remains categori...

FBR Plans Issue of 24.3 Million New Shares on ASX

Oct 6, 2026

FBR Ltd has lodged a notice with the ASX for a proposed issue of 24,289,474 fully paid ordinary shares, signalling another equity raising through a placement or similar structure. The new securities are scheduled for issue on 9 October 2026, with the...

FBR completes A$4m raising to accelerate Hadrian and Mantis rollout

Oct 6, 2026

FBR Limited has secured a A$1.846 million subscription from Alpine Capital to complete its A$4 million capital raising, issuing over 24 million new shares at 7.6 cents each and attaching free options, while utilising existing placement capacity and t...

FBR Showcases Hadrian Robot in First Australian On-Site Build

Oct 5, 2026

FBR Limited has completed its first Australian demonstration build using its current generation Hadrian® robotic bricklaying unit, H04, on a residential slab in Lesmurdie, Western Australia. The on-site trial in the local residential constructio...

FBR Director Mark Pivac Increases Shareholding in FBR Limited

Oct 2, 2026

FBR Limited has reported a change in the shareholding of director Mark Pivac, in line with ASX listing rule 3.19A.2, highlighting its adherence to mandatory disclosure for director interests. The notice confirms that Pivac holds both direct and indir...

FBR Raises $654,000 in Share Purchase Plan at $0.076 a Share

Oct 2, 2026

FBR Limited has closed its Share Purchase Plan, securing $654,000 from investors at an issue price of $0.076 per share, with the new stock to be issued today. The company plans to place the shortfall from the offer, while issuance of all related opti...

FBR adjusts 2026 audited accounts with impairment, tax and cash flow reclassifications

Sep 30, 2026

FBR Limited has released its audited Annual Report for the year ended 30 June 2026, detailing several audit-driven adjustments to previously lodged financial information. The changes include an additional impairment on property, plant, equipment and...

FBR Limited Updates ASX Corporate Governance Disclosures for 2026

Sep 30, 2026

FBR Limited has lodged its Appendix 4G and updated corporate governance statement for the year ended 30 June 2026, confirming compliance with ASX Listing Rules on governance disclosure. The statement, current as of 30 September 2026 and approved by t...

FBR Limited Highlights Progress in Construction Robotics in 2026 Annual Report

Sep 30, 2026

FBR Limited has released its 2026 Annual Report, outlining operational updates across its Hadrian, Mantis and Firehawk product lines. The report signals continued development and testing of the Mantis welding system and other automation technologies,...

FBR shareholders back funding resolutions at general meeting

Sep 23, 2026

Robotics specialist FBR Limited has reported the outcomes of its latest general meeting, where shareholders voted on a series of financing-related resolutions involving prior and future issues of convertible notes, placement shares, establishment fee...

FBR Seeks ASX Quotation for 2.14 Million New Shares

Sep 22, 2026

FBR Ltd has applied for quotation on the ASX of 2,142,857 new ordinary fully paid shares, with an issue date of 22 September 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly expand the co...

FBR Limited Issues New Shares and Confirms Ongoing Compliance

Sep 14, 2026

Robotic technology company FBR Limited has issued fully paid ordinary shares, confirming the move in an Appendix 2A lodged with the ASX and supported by a cleansing notice under the Corporations Act. The company states it has met its continuous and f...

FBR Ltd Seeks ASX Quotation for 600,000 New Shares

Sep 14, 2026

FBR Ltd has applied for quotation on the ASX of 600,000 additional ordinary fully paid shares, with an issue date of September 14, 2026. The new securities, issued under previously announced transactions, modestly expand the company’s listed sh...

FBR launches underwritten share purchase plan to fund robot commercialisation

Sep 14, 2026

FBR Limited has launched a fully underwritten share purchase plan (SPP) to raise up to A$2.5 million as part of a broader A$4 million capital raising that includes a placement to institutional and sophisticated investors. Eligible shareholders in Aus...

FBR Sets 2026 AGM Date and Board Nomination Deadline

Sep 11, 2026

FBR Limited has scheduled its 2026 Annual General Meeting for 6 November 2026, advising shareholders and the market in line with ASX requirements. The company has set 18 September 2026 as the deadline for nominations to its board, signalling an upcom...

FBR issues cleansing notice on new share placement

Sep 10, 2026

FBR Limited has issued fully paid ordinary shares and confirmed that the placement was conducted without a prospectus or other disclosure document under the relevant provisions of the Corporations Act. The company states it remains compliant with con...

FBR Plans November Capital Raise via Share and Option Issue

Sep 7, 2026

FBR Ltd has notified the ASX of a proposed placement involving the issue of ordinary shares and options, as part of a capital-raising initiative scheduled for late November 2026. The company plans to issue 21,739,130 fully paid ordinary shares alongs...

FBR secures full underwriting for A$2.5m share purchase plan

Sep 7, 2026

FBR Limited has entered into an underwriting agreement with Alpine Capital to fully underwrite its recently announced share purchase plan up to A$2.5 million, ensuring the capital raising is completed even if shareholder demand falls short. The deal...

FBR Plans New Share and Option Issue to Strengthen Capital Base

Sep 6, 2026

FBR Ltd has lodged a notice of proposed securities issuance with the ASX, outlining plans for a placement that will include 7 million fully paid ordinary shares and multiple tranches of options exercisable at $0.14 and expiring five years from issue....

FBR raises A$4m to accelerate DST-powered robotics rollout

Sep 6, 2026

FBR Limited has launched a A$4 million capital raising comprising a A$1.5 million share placement and a A$2.5 million fully underwritten share purchase plan, priced at or below A$0.115 per share. The offer includes free options for participants and i...

FBR Ltd Posts Wider Loss and Lower Revenue in Unaudited 2026 Results

Aug 31, 2026

FBR Ltd reported unaudited results for the year to 30 June 2026, showing revenue from ordinary activities of $551,558, a 58% decline from the prior year. The company recorded a loss attributable to members of $7.72 million, a 91% increase in losses y...

FBR Limited Calls 2026 General Meeting to Ratify SBC Capital Issuances

Aug 24, 2026

FBR Limited has called a general meeting of shareholders for 23 September 2026 in Western Australia, setting a record date of 21 September 2026 for voting eligibility under Australian corporate regulations. The notice stresses the importance of share...

FBR Issues New Shares and Confirms Compliance in Cleansing Notice

Jul 31, 2026

FBR Limited has issued fully paid ordinary shares and has provided a cleansing notice confirming that the issuance was conducted without a prospectus under the relevant provisions of the Corporations Act. The company states it is compliant with its f...

FBR Ltd Adds 18,283 Shares to ASX Quotation

Jul 31, 2026

FBR Ltd has lodged an application with the ASX for quotation of an additional 18,283 ordinary fully paid shares, expanding its pool of listed equity securities. The new shares, issued on July 31, 2026, result from the conversion or exercise of existi...

FBR Advances Mantis Rollout and Hadrian Deployments as Short-Term Funding Secured

Jul 31, 2026

FBR Limited reported that it has begun assembling and commissioning its first Mantis welding robot, which has already been pre-sold to State Machinery & Equipment Sales in Louisiana for delivery in the second half of 2026. The company also appoin...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026