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Mobilicom (Nasdaq: MOB) grows H1 2026 revenue but posts larger net loss

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Mobilicom Limited reported first-half 2026 revenue of $1.73 million, up 19% from $1.45 million, driven mainly by monthly deliveries to a Tier‑1 customer under a U.S. Department of Defense program of record. Confirmed orders backlog was $951,894 as of June 30, 2026, supporting second‑half visibility.

Gross profit rose to $889,869, but gross margin slipped to 52% from 55% as cost of goods sold increased to support scaled production. Operating expenses more than tripled to $10.62 million, largely from higher sales, R&D and G&A spending and substantial share‑based compensation, as well as foreign exchange losses of $1.29 million.

Net loss widened sharply to $6.69 million versus $68,746, and Adjusted EBITDA loss increased to $2.91 million. Despite this, cash, cash equivalents and restricted cash totaled $15.2 million at June 30, 2026, with management estimating sufficient resources for at least 12 months. The company remains debt‑free aside from a declining warrant‑related financial liability and continues investing in new products, U.S. manufacturing build‑out and global defense and commercial drone programs.

Positive

  • Revenue grew 19% year over year to $1.73 million for the six months ended June 30, 2026, supported by monthly deliveries under a U.S. Department of Defense program of record and a confirmed backlog of $951,894.
  • The company ended June 30, 2026 with $15.2 million in cash, cash equivalents and restricted cash and estimates it has adequate financial resources for at least 12 months based on current operations.
  • Non‑current financial liability, mainly warrant‑related, declined to $5.04 million from $9.08 million at December 31, 2025, supported by $2.81 million in fair value gains from financial liability.
  • Equity increased to $11.42 million from $8.82 million at year‑end 2025, reflecting higher issued capital of $64.45 million and reserves of $7.78 million despite accumulated losses.

Negative

  • Net loss expanded sharply to $6.69 million for the first half of 2026 from $68,746 a year earlier, with Adjusted EBITDA loss worsening to $2.91 million from $1.87 million.
  • Total operating expenses nearly tripled to $9.31 million (plus finance and FX costs), driven by higher sales and marketing, R&D and G&A spending including $5.37 million of share‑based compensation.
  • Foreign exchange losses surged to $1.29 million from $49,114, materially pressuring results due to exchange‑rate movements between the USD, NIS and AUD.
  • Net cash used in operating activities increased to $5.15 million from $1.57 million, indicating a higher cash burn, partly reflecting increased payments to suppliers and employees including taxes on equity awards.
  • Gross margin declined to 52% from 55% despite revenue growth, as cost of goods sold rose with workforce expansion and scaled production to support Tier‑1 manufacturing needs.
  • Accumulated losses reached $60.81 million as of June 30, 2026, and the company acknowledges it may need additional debt or equity financing or grants until it achieves significant recurring revenue and positive cash flow.

Filing Explained

The July 5 awards remain pre-agreement, so potential dilution is disclosed but no completed issuance is reported.

Mobilicom reports that its board approved on July 5, 2026 grants of 650,660 unlisted options and 1,030,000 restricted share units (RSUs); the filing says award agreements had not yet been entered into as of the report.

The options carry a $4.99 exercise price and vest over three or four years, while the RSUs have no exercise price or expiry date. If these awards ultimately result in shares, the additional share count would reduce existing holders’ percentage ownership absent offsetting changes.

The filing also records a completed 1-for-275 reverse share split and corresponding ADS exchange on December 8, 2025; earlier share counts and per-share data are retroactively adjusted, so this is historical share-count mechanics rather than a new 2026 issuance.

Specified portions of this report are incorporated by reference into Mobilicom’s existing Form S-8 and Form F-3 registration statements, which updates those registration documents but does not establish that the newly approved awards have been issued.

The named resolution point is execution of the option and RSU agreements, which would clarify whether and on what terms the approved awards become completed grants.

Revenue H1 2026 $1,725,624 For the six months ended June 30, 2026; up 19% from $1,450,561 in 2025
Net loss H1 2026 $6,692,471 Loss after income tax expenses for the six months ended June 30, 2026
Adjusted EBITDA H1 2026 $(2,912,353) Non-IFRS Adjusted EBITDA for the six months ended June 30, 2026
Cash and restricted cash $15,195,359 Cash, cash equivalents and restricted cash at June 30, 2026
Net cash used in operating activities $(5,152,370) For the six months ended June 30, 2026
Confirmed orders backlog $951,894 Backlog as of June 30, 2026, supporting second-half deliveries
Financial liability $5,042,658 Non-current financial liability at June 30, 2026, mainly warrant related
Accumulated losses $60,808,823 Accumulated losses since inception as of June 30, 2026
Program of Record technical
"Tier-1 customer’s U.S. DoW Program of Record, where we have moved"
A program of record is a government-approved, funded acquisition project that has an official schedule, budget and oversight within the procurement system. For investors, it signals a formal, multi-year buying commitment—like an official shopping list and timetable the government has agreed to—which can reduce sales uncertainty, support production planning and make future revenue from that program more predictable.
Reverse Split financial
"we effected a reverse share split of our issued and outstanding"
A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.
Adjusted EBITDA financial
"Adjusted EBITDA is a non-IFRS financial measure defined as net loss"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
at-the-market facility financial
"primarily from its February 2025 at-the-market facility sales on Nasdaq"
An at-the-market facility is a standing arrangement that lets a publicly traded company sell new shares directly into the open market at whatever the current market price is, typically through an investment bank acting as a sales agent. For investors it matters because it provides the company with a flexible way to raise cash without a large, one-time share offering; however, selling additional shares can dilute existing ownership and, by increasing supply, may pressure the stock price like adding more tickets to a limited-seat event.
Going concern financial
"financial statements have been prepared on the assumption that the Company will continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
UAS critical component technical
"solutions now fall within the FCC’s definition of a UAS critical component"
A UAS critical component is any part of an unmanned aircraft system—such as sensors, flight controllers, propulsion units, communications links, or navigation modules—whose failure would prevent safe or effective operation. Like a car’s engine or brakes, these parts determine whether the system can perform its mission, and they matter to investors because their performance, supply chain reliability, certification status, and costs affect a UAS maker’s product value, regulatory approval, and revenue prospects.

FAQ

How did Mobilicom (MOB) revenue perform in the first half of 2026?
Mobilicom’s first-half 2026 revenue was $1,725,624, up 19% year over year. Growth was mainly driven by shifting to a monthly delivery cadence for a Tier‑1 customer under a U.S. Department of Defense program of record and supported by a $951,894 confirmed backlog.

What was Mobilicom (MOB) net loss and profitability for the six months ended June 30, 2026?
Net loss was $6,692,471 for the first half of 2026, vs. $68,746 in 2025. Adjusted EBITDA was a loss of $2,912,353, reflecting higher operating expenses, sizable share‑based compensation and foreign exchange losses, despite increased revenue and strong financial income.

What is Mobilicom’s (MOB) cash position and liquidity outlook as of June 30, 2026?
Mobilicom held $15,195,359 in cash, cash equivalents and restricted cash at June 30, 2026. Management estimates these resources, together with receivables of $1,804,198, are adequate to support current operations for at least 12 months, though additional financing may be needed longer term.

How did Mobilicom’s (MOB) operating expenses change in the first half of 2026?
Total expenses rose to $10,621,365 from $3,569,501 year over year. Sales and marketing, R&D, and G&A all increased substantially, driven primarily by $5,372,632 of share‑based compensation and continued investment in product development and global sales efforts.

What were Mobilicom’s (MOB) gross margin and cost of goods sold in H1 2026?
Gross margin was 52% on revenue of $1,725,624, with cost of goods sold of $835,755. This compares to a 55% margin in the prior‑year period, as costs increased to support workforce optimization and scaled manufacturing for Tier‑1 production needs.

How is Mobilicom (MOB) positioned in terms of backlog and future deliveries?
Confirmed orders backlog totaled $951,894 as of June 30, 2026. Management states this backlog provides visibility into expected deliveries and invoicing in the second half of the year, alongside anticipated additional sales from ongoing programs and new design wins.

Did Mobilicom (MOB) report any significant equity awards after June 30, 2026?
Yes. On July 5, 2026, the board approved 650,660 options and 1,030,000 RSUs. Options have a $4.99 exercise price and expire July 5, 2031, with vesting over three or four years. RSUs have no exercise price or expiry date.

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Form 6-K: How Foreign Companies Report to the SEC →

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026 

 

MOBILICOM LIMITED

 

Commission File Number 001-41427

 

(Translation of registrant’s name into English)

 

1 Rakefet Street

Shoham, Israel 6083705 

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒        Form 40-F ☐

 

 

 

 

 

 

CONTENTS

 

This Report of Foreign Private Issuer on Form 6-K consists of the Registrant’s (i) Interim Condensed Financial Statements as of June 30, 2026, which is attached hereto as Exhibit 99.1, (ii) Management’s Discussion and Analysis of Financial Condition and Results of Operations for the six months ended June 30, 2026, which is attached hereto as Exhibit 99.2 and (iii) press release issued on August 13, 2026, titled “Mobilicom Reports Financial and Operational Results for the Six Months Ended June 30, 2026”, which is attached hereto as Exhibit 99.3.

 

This Report on Form 6-K, including Exhibit 99.1, Exhibit 99.2, and the first paragraph, the sections titled “Financial Highlights for the Six Months Ended June 30, 2026”, “Forward Looking Statements”, “Use of Non-IFRS Financial Information”, and the Unaudited Interim Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income, Reconciliation table of EBITDA to Loss after income tax expenses and Unaudited Interim Condensed Consolidated Statements of Financial Position tables in the press release attached as Exhibit 99.3, is incorporated by reference into the Company’s Registration Statements on Form S-8 (File No. 333-284265 and 333-289762) and Form F-3 (File No. 333-274929), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.    
99.1   Mobilicom Ltd.’s Interim Consolidated Condensed Financial Statements as of June 30, 2026.
99.2   Mobilicom Ltd.’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for the six months ended June 30, 2026.
99.3   Press release titled: “Mobilicom Reports Financial and Operational Results for the Six Months Ended June 30, 2026.”
101.INS   Inline XBRL Instance Document.
101.SCH   Inline XBRL Taxonomy Extension Schema Document.
101.CAL   Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF   Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB   Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE   Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  MOBILICOM LIMITED
   
Date: August 13, 2026 By: /s/ Oren Elkayam
    Name:  Oren Elkayam
    Title: Chairman

 

3

 

 

Exhibit 99.2

 

MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

You should read the following selected financial data and discussion of the Company’s operating and financial condition and prospects in conjunction with the financial statements and the notes thereto included elsewhere in this 6-K and the Company’s Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission, or the SEC, on March 23, 2026, or the Annual Report. The Company’s financial statements are prepared in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board and reported in U.S. dollars. The Company maintains its accounting books and records in U.S. dollars and its functional currency is the U.S. dollar. Certain amounts presented herein may not sum due to rounding. Unless the context requires otherwise, references in this report to “Mobilicom,” the “Company,” “we,” “us” and “our” refer to Mobilicom Limited, an Australian corporation, and to Mobilicom Ltd., the Company’s Israeli subsidiary. “$,” “US$,” “U.S. dollars” and “USD” mean United States dollars, “AUD$” or “AUD” means Australian dollars and “NIS” means New Israeli Shekel.

 

Cautionary Statement Regarding Forward-Looking Statements

 

Certain information included herein may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “project” or other similar words, but are not the only way these statements are identified. These forward-looking statements may include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, statements that contain projections of results of operations or of financial condition, expected capital needs and expenses, statements relating to the research, development, completion and use of the Company’s products, and all statements (other than statements of historical facts) that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by the Company’s management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate.

 

Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things:

 

  ● our ability to implement our growth strategies;
     
  ● our competitive advantages;
     
  ● the development of new products and services;
     
  ● our ability to obtain and maintain financing on acceptable terms;
     
  ● the impact of competition;
     
  ● changes in laws, rules and regulations;
     
  ● our ability to maintain our software licenses and product certifications;  
     
  ● general market, political, and economic conditions in the countries in which we operate;

 

 

  ● our ability to maintain good business relationships with our customers, suppliers and other strategic partners;
     
  ● our ability to protect intellectual property;
     
  ● our ability to retain key personnel;
     
  ● the absence of material adverse changes in the industry or global economy; and
     
  ● those factors referred to under the headings “Risk Factors” and “Operating and Financial Review and Prospects” in our Annual Report, as well as in our Annual Report generally.

 

The foregoing list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s Annual Report and the other risk factors discussed from time to time by the Company in reports filed or furnished to the SEC.

 

Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

  

General

 

The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with its consolidated financial statements and the related notes included in the Annual Report as well as the Company’s unaudited condensed consolidated financial statements and the related notes thereto for the six months ended June 30, 2026, included elsewhere in this Report on Form 6-K. The discussion below contains forward-looking statements that are based upon the Company’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to inaccurate assumptions and known or unknown risks and uncertainties. 

 

On December 8, 2025, we effected a reverse share split of our issued and outstanding ordinary shares at a ratio of 1-for-275 (the “Reverse Split”). Concurrently with the Reverse Split, we effected a corresponding change in the ratio of ordinary shares represented by each of our American Depositary Shares (“ADSs”), such that the ratio changed from one ADS representing 275 ordinary shares to one ADS representing one ordinary share. Concurrently, our ADSs were mandatorily cancelled and exchanged for ordinary shares on a one-for-one basis (the “Mandatory Exchange”), and our ordinary shares, which had been approved for listing and trading on the Nasdaq Capital Market, commenced trading at the market open on December 8, 2025. All references in this Report on Form 6-K to our share capital, including the number of ordinary shares outstanding and per-share data for periods prior to the effective date of the Reverse Split and the Mandatory Exchange, have been retroactively adjusted to give effect to the Reverse Split and the Mandatory Exchange.

 

Overview

 

We are an end-to-end provider of cybersecurity and robust solutions for drones, robotics and autonomous platforms. As a high-tech company we design, develop, and deliver robust solutions focused primarily on targeting global drone, robotics and autonomous system manufacturers. We hold patented technology and unique know-how for Mobile Mesh networking solution. We have a large, field-proven portfolio of commercialized products used in a variety of applications. We are growing a global customer base with sales to high profile customers including corporates, governments, and military departments. We believe that our competitive advantages include outstanding security capabilities and performance in harsh environmental conditions. Our large solution portfolio is being deployed worldwide, as we derive revenue from hardware, software sales and licensing fees.

 

Operating Results

 

Comparison of the periods ended June 30, 2026 and 2025

 

Revenue and Other income

 

   For the six months ended
June 30,		     
Revenue  2026   2025   Increase/Decrease 
Revenue  $1,725,624   $1,450,561   $275,063 
Other income:               
Research and development grants   -    101,493    (101,493)
Interest income   225,441    108,054    117,387 
Fair value gains from financial liability   2,808,584    2,517,148    291,436 
Total Revenue and Other income  $4,759,649   $4,177,256   $582,393 

 

2

 

Revenue

 

Revenues for the six months period ended June 30, 2026, were $1,725,624 compared to $1,450,561 for the six months period ended June 30, 2025, an increase of $275,063 or 19%. The increase was mainly attributed to shifting to monthly deliveries cadence with Tier-1 customer under U.S. DoW program of record. Confirmed orders backlog totaled $951,894 as of June 30, 2026, providing visibility into expected deliveries and invoicing in the second half of the year, as well as additional sales in the second half of the year.

 

Research and development grants

 

Grants received under research and development supported programs for the period ended June 30, 2026, were $nil, compared to $101,493 for the period ended June 30, 2025, a decrease of $101,493 or 100%.

 

Interest income

 

Interest income from short-term bank deposits, for the period ended June 30, 2026, was $225,441, compared to $108,054 for the period ended June 30, 2025, an increase of $117,387 or 109%. Short-term deposits are attributed to the outstanding cash balances, within each of the comparable periods, mainly from proceeds received from capital raise and warrants and options exercises. 

  

Fair value gains from financial liability

 

Fair value gains from financial liability were $2,808,584 for the period ended June 30, 2026, compared to $2,517,148 for the period ended June 30, 2025, an increase of $291,436 or 12%. Fair value gains from financial liability are attributed to revaluation gain between measured periods related with the warrants issued in the Company’s August 2022 initial public offering, and for the period ending June 30, 2025 also warrants issued under our January 2024 registered direct offering.

 

Cost of Goods Sold and Gross Profit 

 

   For the six months ended
June 30,		     
   2026   2025   Increase/Decrease 
Revenue  $1,725,624   $1,450,561   $275,063 
Cost of Goods Sold   (835,755)   (653,381)   (182,374)
Gross Profit  $889,869   $797,180   $92,689 

 

The Company gross margins for the period ended June 30, 2026, was 52% compared to 55% for the period ended June 30, 2025. The gross margins relate to our products being high-end IP based technology (beyond the hardware value) and continued effective planning and monitoring for components acquisitions. The cost of goods sold increase was mainly due to workforce optimization to support the expected growth in manufacturing and deliveries to support our Tier 1 scaled production needs.

 

Expenses

 

   For the six months ended
June 30,		     
   2026   2025   Increase/Decrease 
Expenses:            
Sales and Marketing  $2,706,753   $903,353   $1,803,400 
Research and Development   3,815,327    1,376,180    2,439,147 
General and Administrative   2,787,075    1,150,596    1,636,479 
Foreign exchange losses   1,291,134    49,114    1,242,020 
Finance costs   21,076    90,258    (69,182)
Total expenses  $10,621,365   $3,569,501   $7,051,864 

 

3

 

Sales and Marketing expenses.

 

Sales and marketing expenses were $2,706,753 for the period ended June 30, 2026, compared to $903,353 for the period ended June 30, 2025, an increase of $1,803,400 or 200%. The increase is primarily due to costs related to employees’ stock-based compensation and continued investment in sales and marketing operations to support growth under U.S. and EU defense and commercial markets.

 

Research and Development expenses.

 

Research and development expenses were $3,815,327 for the period ended June 30, 2026, compared to $1,376,180 for the period ended June 30, 2025, an increase of $2,439,147 or 177%. The increase is mainly attributed to costs related to employees’ stock-based compensation, and continued investment in development of additional enhanced datalinks products to support growing market needs.

 

General and Administrative expenses.

 

General and administrative expenses were $2,787,075 for the period ended June 30, 2026, compared to $1,150,596 for the period ended June 30, 2025, an increase of $1,636,479 or 142%. The increase is primarily due to costs related to employees’ stock-based compensation and other general and administrative operations costs.

 

Foreign Exchange losses

 

Foreign exchange losses were $1,291,134 for the period ended June 30, 2026, compared to $49,114 for the period ended June 30, 2025, an increase of $1,242,020 or 2,529%. Foreign exchange losses are mainly due to the effect of changes in currency exchange rates between the US$, NIS and the AUD

 

Financial costs.

 

Financial costs were $21,076 for the period ended June 30, 2026, compared to $90,258 for the period ended June 30, 2025, a decrease of $69,182 or 77%. Financial costs for the periods ended June 30, 2026 and 2025, are primarily related to interest paid under the Company’s lease agreements.

 

Critical Accounting Judgements, Estimates and Assumptions

 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue, and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. A comprehensive discussion of the Company’s critical accounting judgments, estimates and assumptions is included in “Item 5. Operating and Financial Review and Prospects – Management’s Discussion and Analysis of Financial Condition and Results of Operations” section in the Annual Report, as well as the Company’s unaudited condensed consolidated financial statements and the related notes thereto for the six months ended June 30, 2026, included elsewhere in this Report Form 6-K.

 

Liquidity and Capital Resources

 

As of June 30, 2026, the Company has not achieved positive cash flow from operations and generated $60.8 million of accumulated losses since inception.

 

The Company has financed its operations to date primarily from its February 2025 at-the-market facility sales on Nasdaq, its January 2024 registered direct offering on Nasdaq, its August 2022 initial public offering on Nasdaq, public offerings on the ASX, and sales of the Company’s products.

 

4

 

As of June 30, 2026, the Company had cash and cash equivalents and restricted cash of $15.2* million. Additionally, the Company also recognized a total of $1,804,198 as receivables. The Company estimates that it has adequate financial resources for at least 12 months from the date of this report, based on its current cash and receivables balances and its current ongoing operations. The unaudited interim condensed consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations.

 

In addition, its operating plans may change as a result of many factors that may currently be unknown to it, and it may need to seek additional funds in the future. the Company’s future capital requirements will depend on many factors, including:

 

  ● the progress and costs of its research and development activities;

 

  ● the costs of manufacturing its products;

 

  ● the costs of filing, prosecuting, enforcing and defending patent claims and other intellectual property rights;

 

  ● the costs of its expanding sales and marketing activities, as well as the potential costs of contracting with third parties to provide marketing and distribution services for it or for building such capacities internally; and

 

  ● the magnitude of its general and administrative expenses.

 

Until the Company can generate significant recurring revenues, profit and cash flow provided by operating activity it expects to satisfy future cash needs through debt or equity financing as well as governmental grants. In the event that it requires additional financing, it may not be able to raise such financing on terms acceptable to it or at all. If the Company is unable to raise additional capital or generate cash flows necessary to expand its operations and invest in continued innovation, the Company may not be able to compete successfully, which would harm its business, results of operations, and financial condition.

 

*

Cash and equivalents ( as adjusted) were $15.9M reflecting add back an options-related capital gains tax payment made on behalf of grantees (reimbursed July 2026)

 

Cash Flows

  

   For the six months ended
June 30,		 
   2026   2025 
Net cash used in operating activities  $(5,152,370)**  $(1,571,698)
Net cash used in investing activities   (28,312)   (13,565)
Net cash provided by / (used in) financing activities   1,263,708    (164,193)
Increase (decrease) in cash and cash equivalents and restricted cash   (3,916,974)   (1,749,456)
Cash and cash equivalents and restricted cash, at the beginning of the period   19,112,333    8,686,390 
Cash and cash equivalents and restricted cash, at the end of the period   15,195,359    6,936,934 

 

Net cash used in operating activities

 

For the periods ended June 30, 2026, and 2025, net cash used in operating activities was $5,152,370 and $1,571,698, respectively. The change between the periods is primarily due to a decrease in receipts from customers and an increase in payments to suppliers and employees. Payments to suppliers and employees for the period ended June 30, 2026 include taxable capital gain tax on vested RSUs and exercised options, paid by the Company as intermediator on behalf of the grantees, which is not part of the regular course of operating activities.

 

**

Net cash used in operating activities (as adjusted) was $3.5 million reflecting exclusion of $1.61 of RSU/options capital gains tax payments, outside the regular course of operating activities.

 

5

 

Net cash used in investing activities

 

For the periods ended June 30, 2026, and 2025, the net cash used in investing activities was $28,312 and $13,565, respectively.

 

Net cash provided by financing activities

 

For the period ended June 30, 2026, the net cash provided by financing activities was $1,263,708. Net cash provided by is primarily attributed to proceeds from exercises of warrants and options, less repayment of lease liabilities. For the period ended June 30, 2025, the net cash used for financing activities was $164,193. Net cash used for is primarily attributed to repayment of lease liabilities.

 

Subsequent events

 

On July 5, 2026, the Company’s board of directors approved the grant of 650,660 unlisted options and 1,030,000 restricted share units (“RSUs”) to employees and directors of the Company. The options have an exercise price of $4.99 and expire on July 5, 2031. Of these options, 520,160 options vest over 3 years, and 130,500 options vest over 4 years. The RSUs don’t carry an exercise price nor expiry date. As of the date hereof, the Company has not yet entered into option or RSU agreements with the applicable grantees.

 

Risks Factors

 

Any investment in our business involves a high degree of risk. Before making an investment decision, you should carefully consider the information we include in this Report on Form 6-K, including our unaudited condensed consolidated financial statements and accompanying notes, and the additional information in the other reports we file with the Securities and Exchange Commission along with the risks described in our Annual Report on Form 20-F filed with the SEC on March 23, 2026. These risks may result in material harm to our business and our financial condition and results of operations. In this event, the market price of our ordinary shares may decline and you could lose part or all of your investment. We have described below those risks that reflect substantive changes from, or additions to, the risks described in our Annual Report.

 

Political, economic and military instability in Israel may impede our ability to operate and harm our financial results.

 

Although we are an Australian company, our fully owned subsidiary and main operational, including our principal research and development facilities and sole manufacturing facility, and certain of our key employees, officers and directors are located in Israel. Accordingly, political, geopolitical, economic and military conditions in Israel may directly affect our business. Since the establishment of the State of Israel in 1948, a number of armed conflicts have taken place between Israel and its neighboring Arab countries, Hamas (an Islamist terrorist militia and political group that controls the Gaza strip), Hezbollah (an Islamist terrorist militia and political group based in Lebanon) and other terrorist organizations active in the region. These conflicts have involved missile strikes, hostile infiltrations and terrorism against civilian targets in various parts of Israel, which have negatively affected business conditions in Israel. Any hostilities involving Israel or the interruption or curtailment of trade between Israel and its trading partners could negatively affect business conditions in Israel in general and our business in particular, and adversely affect our product development, operations and results of operations. Ongoing and revived hostilities or other Israeli political or economic factors, such as, an interruption of operations at the Tel Aviv airport or the nautical routes, could prevent or delay shipments of our components or products.

 

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In recent years, Israel has been engaged in sporadic armed conflicts with Hamas, an Islamist terrorist group that controls the Gaza Strip, with Hezbollah, an Islamist terrorist group that controls large portions of southern Lebanon, and with Iranian-backed military forces in Syria. In addition, Iran has threatened to attack Israel and may be developing nuclear weapons. Iran is also believed to have a strong influence among extremist groups in the region, such as Hamas in Gaza, Hezbollah in Lebanon, the Houthi movement in Yemen and various rebel militia groups in Syria and Iraq. On October 7, 2023, Hamas launched a series of attacks on civilian and military targets in Southern Israel and Central Israel, to which the Israel Defense Forces responded. On October 9, 2025, Israel, Hamas, the United States and other countries in the region agreed to a framework for a ceasefire in Gaza between Israel and Hamas.

 

In addition, both Hezbollah and the Houthi movement attacked military and civilian targets in Israel, to which Israel responded, including through increased air and ground operations in Lebanon. In addition, the Houthi movement attacked international shipping lanes in the Red Sea, to which both Israel and the United States responded. While a ceasefire was brokered between Israel and Hezbollah in November 2024, in March 2026, hostilities resumed along Israel’s northern border with Lebanon, when Hezbollah resumed its attacks as part of a broader regional escalation. In response, Israel resumed military operations against Hezbollah in Lebanon.

 

Further, in April 2024 and October 2024, Iran launched a series of drone and missile strikes against Israel, to which Israel responded. In addition, in response to ongoing Iranian aggression and support of proxy attacks against Israel, on June 13, 2025, Israel conducted a series of preemptive defensive air strikes in Iran targeting Iran’s nuclear program and military commanders. While a ceasefire was reached in June 2025 following 12 days of hostilities, on February 28, 2026, the United States and Israel launched coordinated military strikes against Iran, including attacks on strategic military infrastructure and leadership targets, with the stated aim of degrading Iran’s capacity to conduct or support hostile operations against them. In response, Iran has fired missiles and drones toward population centers and military installations in Israel, Europe and neighboring countries in the Gulf region, and also launched counter-strikes against U.S. forces and allied bases throughout the Gulf region. Although the United States and Iran have announced ceasefire and de-escalation arrangements from time to time, including a memorandum of understanding entered into on June 17, 2026 that contemplates the termination of military operations on multiple fronts, hostilities have resumed and may continue or escalate. A broader regional conflict involving additional state and non-state actors remains a significant risk. How long and how severe the conflicts in Gaza, Northern Israel, Lebanon, Iran or the broader region last and become is unknown at this time and any renewed or continued clash among Israel, Hamas, Hezbollah, Iran or other countries or militant groups in the region may escalate in the future into a greater regional conflict. Continued military escalation, retaliatory actions, or broader regional involvement may adversely affect economic conditions, disrupt markets, and create uncertainty that could negatively impact our business, financial condition and results of operations.

 

Certain of our employees may be obligated to perform military reserve duty generally until they reach the age of 40 (or older, for officers or other citizens who hold certain positions in the Israeli armed forces reserves) and, in the event of a military conflict, may be called to active duty. In response to increases in terrorist activity and military conflicts in Israel, there have been periods of significant call-ups of military reservists. Military service call ups that result in absences of personnel from us for an extended period of time may materially and adversely affect our business, prospects, financial condition and results of operations.

 

Since the war broke out on October 7, 2023, our operations have not been adversely affected by this situation, and we have not experienced disruptions to our business operations. As such, our product research and development and business development activities remain on track. However, the intensity and duration of Israel’s current war against Hamas, Hezbollah, the Houthis, and Iran, and is difficult to predict at this stage, as are such war’s economic implications on our business and operations and on Israel’s economy in general. If the ceasefire declared collapse or a new war commences or hostilities expand to other fronts, our operations may be adversely affected.

 

Any armed conflicts, terrorist activities or political instability in the region could adversely affect business conditions, could harm our results of operations and the market price of our Ordinary Shares, and could make it more difficult for us to raise capital. Parties with whom we do business may sometimes decline to travel to Israel during periods of heightened unrest or tension, forcing us to make alternative arrangements when necessary, in order to meet our business partners face to face. Several countries, principally in the Middle East, still restrict doing business with Israel and Israeli companies, and additional countries may impose restrictions on doing business with Israel and Israeli companies if hostilities in Israel or political instability in the region continues or increases. Similarly, Israeli companies are limited in conducting business with entities from several countries. For instance, in 2008, the Israeli legislature passed a law forbidding any investments in entities that transact business with Iran.

 

Our insurance does not cover losses that may occur as a result of events associated with war and terrorism. Although the Israeli government currently covers the reinstatement value of direct damages that are caused by terrorist attacks or acts of war, we cannot assure you that this government coverage will be maintained or that it will sufficiently cover our potential damages. Any losses or damages incurred by us could have a material adverse effect on our business. Any armed conflicts or political instability in the region would likely negatively affect business conditions and could harm our results of operations.

 

Finally, political conditions within Israel may affect our operations. Israel has held five general elections between 2019 and 2022, and prior to October 2023, the Israeli government pursued extensive changes to Israel’s judicial system, which sparked extensive political debate and unrest. Actual or perceived political instability in Israel or any negative changes in the political environment, may individually or in the aggregate adversely affect the Israeli economy and, in turn, our business, financial condition, results of operations and growth prospects.

 

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Exhibit 99.3

 

 

Mobilicom Reports Financial and Operational Results for the Six Months Ended June 30, 2026

 

$1.7 Million First-Half Revenue, Up 19% Year Over Year

 

$1.2 Million Second-Quarter Revenue as U.S. DoW POR Deliveries Moved to a Monthly Cadence

 

New Products Launch Followed by Design Wins and Initial Orders for MultiBand & Tactical Expanding SkyHopper Secure Datalink Product Family

 

PALO ALTO, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust solutions for drones and robotics, today announced financial results for the six months ended June 30, 2026, as well as recent business and operational highlights. The Company’s management will host a webcast at 4:30 p.m. ET today. Details of the webcast are provided below.

 

“The first half of 2026 marked an inflection in our transition from design wins to production revenue,” said Oren Elkayam, CEO and Co-Founder of Mobilicom. “Revenue increase driven principally by our Tier-1 customer’s U.S. DoW Program of Record, where we have moved from initial deployment orders into a monthly delivery cadence. That is the difference between episodic purchase orders and being embedded in a qualified production line.”

 

“Two forces are working in our favor. Western forces are institutionalizing small drones and loitering munitions as standard and repeat-purchase equipment, while our platform-agnostic position lets us participate without betting on any single platform. Meanwhile regulation has become a competitive advantage: our cybersecurity, hardware and software solutions now fall within the FCC’s definition of a UAS critical component, and Trusted status is granted only to companies with DoW certifications and a clear and retained U.S. onshoring plan, which is what our U.S. manufacturing build-out aims to deliver. That is a meaningful barrier to entry for new players, and it makes us a design-in-ready alternative just as platform manufacturers re-source.”

 

Elkayam concluded, “We also broadened our footprint beyond the U.S., with design wins for a next-generation loitering munition platform with a Tier-1 Israeli manufacturer, and AI-enabled autonomous weapon system and — both pairing our newly launched SkyHopper MultiBand and Tactical hardware with our ICE and OS3 software, raising our content per platform. The foundations we put in place this half — a production delivery cadence, a U.S. manufacturing build-out, a widening base of design wins, and a debt-free balance sheet company with $15.9 million in cash (adjusted) — are the platform for our next phase of scale.”

 

 

 

 

Recent Operational & Strategic Highlights

 

●Secured design win and initial order with Tier-1 Israeli defense customer for new loitering munitions platform, expanding into a new platform with a path toward future mass production and global deployment. The win incorporates the newly launched SkyHopper MultiBand and Tactical together with ICE electronic warfare resistance software.

 

●Secured design win for AI-enabled autonomous weapon systems with an Israeli defense technology company, covering four Mobilicom products — ICE and OS3 software, SkyHopper Multiband datalink and 10-inch Mobile Ground Control Stations — selected under a single design win, reflecting a significantly higher value proposition per platform and demonstrating Mobilicom’s ability to deliver integrated, end-to-end solutions.

 

●Tier-1 partner has progressed within the U.S. Army’s Low Altitude Stalking and Strike Ordnance (LASSO) program, embedding our technology and reinforcing Mobilicom’s position within next-generation U.S. defense drone platforms and supporting potential long-term demand.

 

●Announced $2.2 million in new orders tied to the OPF-L Program with a large U.S.-based manufacturer of small-sized drones for loitering munitions platforms. Deliveries are proceeding at a monthly cadence.

 

●Announced new design wins with two leading U.S. Tier-1 defense drone manufacturers for small-sized Intelligence, Surveillance and Reconnaissance (“ISR”) drone platforms incorporating tailored, cybersecure SkyHopper datalink solutions and ICE electronic warfare resistance & cybersecurity suite.

 

●Launched SkyHopper MultiBand and SkyHopper Tactical, each developed to address the direct requirements of defense forces in contested and GPS-denied environments, expanding the secure communications hardware portfolio. Both products generated design wins and initial orders within the same half — the fastest launch-to-design-win conversion the Company has achieved.

 

●Mobilicom’s full suite of drone and robotics solutions was included in the FCC’s first batch of Trusted Drones, as determined by the U.S. DoW, making Mobilicom one of only four companies granted exemption status and highlighting its compliance with stringent U.S. security standards. The Company’s onshoring plan, approved under the FCC’s Conditional Approval process, remains on track, supported by its U.S. manufacturing build-out.

 

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Financial Highlights for the Six Months Ended June 30, 2026

 

●Second quarter revenue of $1.2 million brought first half revenue to $1.7 million, up 19% over the first half of 2025 ($1.5 million). Revenue driven by production and delivery against Tier-1 scaled deployments under the U.S. Department of War Program of Record.

 

●Confirmed order backlog was $1.0 million as of June 30, 2026, compared to $1.6 million as of June 30, 2025, in addition to new orders expected to be received and fulfilled in the second half of 2026.

 

●Gross margin was 52%, reflecting support for higher-volume production orders while continuing to capture the value of its IP-based technology.

 

●Operating cash burn averaged $859,000 per month during the first half of 2026, or $591,000 per month on an as adjusted basis excluding $1.61 million of vested RSU and options-related tax payments outside the ordinary course of operating activities, reflecting a shift toward funding operational readiness and growth initiatives.

 

●Cash and cash equivalents totaled $15.2 million as of June 30, 2026, or $15.9 million on an as adjusted basis after giving effect to the reimbursement of an options-related tax payment made on behalf of grantees and received in July 2026, providing the Company with substantial financial flexibility to support its growth initiatives.

 

●Clean, debt-free balance sheet with no loans, credit facilities, or convertible debt.

 

●Adjusted EBITDA for the first half of 2026 was $(2.9) million, compared to $(1.9) million for the first half of 2025, consistent with the adjusted cash burn.

 

Conference Call & Webcast Info:

 

Thursday, August 13, 2026, at 4:30 pm ET

 

US Dial-in:

 

1-877-451-6152 US Toll Free

1-201-389-0879 US Toll

Conference ID: 13761974

 

Please register in advance: HERE

 

A recording of the webcast will be available in the “EARNINGS UPDATE” section on ir.mobilicom.com for those unable to attend the live event.

 

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About Mobilicom

 

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

 

For investors, please use https://ir.mobilicom.com/

For company, please use www.mobilicom.com

 

Forward Looking Statements

 

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses expected deliveries and fulfillment of orders, increasing production-scale demand, the potential for additional orders under programs of record, the development of relationships with Tier-1 defense partners, and the Company’s ability to support growth initiatives and respond to evolving market opportunities. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

 

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

 

For more information on Mobilicom, please contact:

 

Chris Donovan

Head of IR

Chris.Donovan@mobilicom.com

 

Use of Non-IFRS Financial Information

 

In addition to disclosing financial results calculated in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this release also contains non-IFRS financial measures, which Mobilicom believes provide useful supplemental information regarding the operating and financial performance of its business.

 

Management believes the non-IFRS financial measures provided assist investors in understanding and assessing Mobilicom’s operating performance and prospects for the future by providing additional information regarding the Company’s results from period to period. Management uses these non-IFRS financial measures as and one factor in evaluating the Company’s performance and making strategic and operational decisions. The presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash flow from operating activities or any other measures of our cash flows or liquidity prepared in accordance with IFRS.

 

Adjusted EBITDA is a non-IFRS financial measure defined as net loss before financial income (expense), net, income taxes, depreciation and amortization, and share based compensation expenses. A reconciliation of Adjusted EBITDA to the most directly comparable IFRS financial measure is included below.

 

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Mobilicom Limited

Unaudited Interim Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income

             

   For the six months ended, June 30,   For the six months ended, June 30, 
   2026   2025 
   $   $ 
Revenue  $1,725,624   $1,450,561 
Cost of sales   835,755    653,381 
Gross margin   889,869    797,180 
           
Operating Expenses          
Selling and marketing expenses   2,706,753    903,353 
Research and development, net   3,815,327    1,274,687 
General and administration expenses   2,787,075    1,150,596 
Total operating expenses   9,309,155    3,328,636 
           
Operating loss   (8,419,286)   (2,531,456)
           
Financial income, net   1,721,815    2,485,830 
           
Loss before income tax expenses  $(6,697,471)  $(45,626)
           
Tax income (expenses)   5,000    (23,120)
           
Net loss  $(6,692,471)  $(68,746)
           
Loss per share - basic and diluted   (0.53)   (*)
           
Weighted average shares outstanding - basic and diluted   12,668,694    7,526,213 

 

*Less than $0.01 cents

 

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Mobilicom Limited

Reconciliation of Adjusted EBITDA to Net Loss after income tax expenses

 

   For the six months ended, June 30,  

For the six months ended, June 30,

 
   2026   2025 
   $   $ 
Loss after income tax expense  $(6,692,471)  $(68,746)
Less: Financial income, net   (1,721,815)   (2,485,830)
Depreciation and amortizations   134,301    124,393 
Share-based compensation expense   5,372,632    541,197 
Income tax expenses (benefit)   (5,000)   23,120 
Adjusted EBITDA  $(2,912,353)  $(1,865,866)

 

6

 

 

Mobilicom Limited

Unaudited Interim Condensed Consolidated Statements of Financial Position

             

   June 30,   December 31, 
   2026   2025 
   $   $ 
Assets        
         
Current assets        
Cash and cash equivalents  $15,080,471   $19,003,784 
Restricted cash   114,888    108,549 
Trade and other receivables, net   1,804,198    348,050 
Inventories, net   1,036,322    740,045 
Total current assets   18,035,879    20,200,428 
           
Non-current assets          
Property, plant and equipment, net   119,524    99,581 
Right-of-use assets   419,715    435,497 
Total non-current assets   539,239    535,078 
           
Total assets  $18,575,118   $20,735,506 
           
Liabilities          
           
Current liabilities          
Trade and other payables  $1,435,490   $2,159,596 
Lease liabilities   239,888    212,851 
Total current liabilities   1,675,378    2,372,447 
           
Non-current liabilities          
Lease liabilities   187,156    224,297 
Employee benefits   246,716    234,133 
Financial liability   5,042,658    9,079,707 
Governmental liabilities on grants received   1,567    1,424 
Total non-current liabilities   5,478,097    9,539,561 
           
Total liabilities   7,153,475    11,912,008 
           
Net assets  $11,421,643   $8,823,498 
           
Equity          
           
Issued capital   64,450,857    60,145,100 
Reserves   7,779,609    2,794,750 
Accumulated losses   (60,808,823)   (54,116,352)
           
Total equity  $11,421,643   $8,823,498 

 

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Source: View Original Filing on SEC EDGAR

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