FBR receives A$8.7 million R&D Tax Incentive Cash Rebate

FBR receives A$8.7 million R&D Tax Incentive Cash Rebate

FBR receives A$8.7 million R&D Tax Incentive Cash Rebate

  1. FBR Limited received an A$8.7 million R&D Tax Incentive cash rebate from the Australian Taxation Office for the year ended 30 June 2023.

  2. The A$8.7 million R&D revolving tax loan facility with FC Capital has been fully repaid by FBR.

  3. FBR has the option to draw again on the revolving loan facility for the expected tax refund for the year ending 30 June 2024.

  4. The announcement was authorized for release by the FBR Board of Directors.

  5. FBR Limited specializes in designing, developing, and building robots using Dynamic Stabilisation Technology (DST®).

  6. The Hadrian X®, a bricklaying robot, is the first application of DST®, offering faster, safer, more accurate construction with less wastage.

  7. FBR provides Wall as a Service® to builders, a unique commercial offering based on demand.

    This announcement is a summary of the company approved ASX announcement on 1/3/2024.