Titomic (ASX: TTT) Surges 12% After Successful Hot-Fire Test of Additively Manufactured Rocket Chamber

Titomic Proves Its Tech Can Take the Heat

Titomic (ASX: TTT) has faced a challenging few months, with shares falling nearly 50% from their yearly highs. However, the stock surged 12% today following a major technical milestone: the company successfully completed a hot-fire test on a solid rocket motor thrust chamber that was additively manufactured using TTT TKF Cold Spray technology.

This achievement confirms that Titomic’s additively manufactured thrust chamber has passed rigorous performance testing, including hot-fire evaluation under extreme conditions, a critical validation step for solid rocket motor applications.

In short, the announcement marks an important proof point for Titomic’s aerospace and defence ambitions, demonstrating that its cold spray additive manufacturing process can produce components capable of withstanding the intense thermal and mechanical stresses of rocket propulsion systems.

What are the Best ASX Stocks to invest in right now?

Check our buy/sell tips

TTT Surges as Cold Spray Tech Passes Defence-Grade Qualification

Validation tests like this are crucial milestones for additive manufacturing companies, particularly in the aerospace and defense sectors, where technical certification of manufactured parts is essential for mission-critical propulsion systems.

In this case, Titomic’s additively manufactured thrust chamber successfully withstood extreme pressure and thermal loads, exceeding the mechanical and thermal performance standards required for defense-grade systems. This outcome demonstrates the strength, heat resistance, and structural integrity achievable through Titomic’s TKF Cold Spray process, reinforcing its potential as a credible alternative to traditional metal manufacturing.

Defense primes such as Northrop Grumman, Lockheed Martin, and Raytheon demand manufacturing technologies that deliver reliability, repeatability, and full compliance with U.S. Department of Defense (DoD) standards. In that context, passing a hot-fire test represents the definitive qualification step for propulsion system components, validating both the process and its commercial readiness.

This breakthrough significantly improves Titomic’s prospects for long-term contracts in rocket propulsion and defense component manufacturing. CEO Jim Simpson also highlighted that the company delivered the test components within weeks of receiving the order, underscoring Titomic’s rapid turnaround capabilities and its ability to meet demanding production timelines for high-performance aerospace applications.

Let’s look at the financials

Looking at the recent financials, Titomic’s revenue rose from $7.6 million in FY24 to $9.4 million this year, showing solid top-line growth. However, expenses have accelerated even faster, up $10 million YoY as the company continues to expand operations. Corporate and admin costs nearly doubled, highlighting that Titomic still needs to prove economies of scale before profitability becomes visible.

It’s also been a heavy investment year, with $14.9 million in capex funded mainly through a $30 million equity raise and $8 million in debt. For investors, the key focus now is whether this expansion can translate into margin growth and operating leverage over time, the proof point that will determine if Titomic’s business model can scale sustainably.

The Investors Takeaway for TTT

With shares down around 50% from their yearly highs, Titomic could now be entering the radar for risk-tolerant, growth-focused investors. The recent validation of its additively manufactured rocket components and momentum in defense contracts mark meaningful steps forward for the company’s long-term potential.

This remains a high-risk, high-reward play, but sentiment could continue to improve as Titomic demonstrates execution and secures additional defense-related work. The stock is currently covered by two analysts, and shares many similarities to AML3D (ASX: AL3), its closest comparable, with price targets around 40 cents.

Assuming management can sustain operational momentum and deliver on contract conversion, that valuation appears to be a fair reflection of Titomic’s growth outlook, though execution and funding risks still remain.