Companies / OEC

ORBITAL CORPORATION LIMITED

ASX:OECCapital Goods
179.4M shares on issueASX (delayed) · as of 28 July 2026$0.15price · delayed$26.9Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; share count grew 23% in 24 months; 2 cash raises in 24 months

Cash runway-0.4 quarters of funding
Share-count growth (24m)22.8%
Raise cadence (24m)2 cash raises
Options & rights overhang2.5% of shares
In-the-money supply0.3% of shares
Pending proposed issuesnone

ORBITAL CORPORATION LIMITED's ordinary share count grew 22.8% between March 2024 and May 2026, to 179M shares. The company raised capital twice in that 24-month window for total proceeds of A$5.0M, most recently reporting A$3.0M received in August 2025. Options and rights on issue could convert into 4M new shares, equal to 2.5% of the current share count, with the nearest expiry in December 2026 and 0% currently in the money. At the March 2026 quarter the company reported A$-914K in available cash, equivalent to -0.4 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.5%
Max option dilution
0.3%
ITM option dilution
1
Raises · last 12 months
-0.4 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 179.4M per ASX (delayed) (28 July 2026).
153.1M162.7M172.4MDec 24Sept 25July 26Cash raise · 18 Aug 2025

Cash runway

-0.4 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-914k available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
8 May 20263H · cancellationOEC : ORDINARY FULLY PAID179.4MAppendix 3H
8 May 20263G · unquotedOEC : ORDINARY FULLY PAID179.4MAppendix 3G
5 May 20262A · quoted issueOEC : ORDINARY FULLY PAID179.4MAppendix 2A
28 Aug 20252A · quoted issueOEC : ORDINARY FULLY PAID179.1MAppendix 2A
28 Aug 20253G · unquotedOEC : ORDINARY FULLY PAID164.8MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

$3.0M
Capital raise
18 Aug 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.5%
Total overhang · of current shares
0.3%
In the money · at current price
4.5M
Potential new shares
Dec 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

No director dealing notices (Appendix 3Y) on record.
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

24 July 2026$PAATI flight trials commence and additional orders received
8 May 2026Notification regarding unquoted securities - OEC
8 May 2026Notification of cessation of securities - OEC
7 May 2026$PNew Engine Order For US Coast Guard Program
5 May 2026Application for quotation of securities - OEC
29 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
14 Apr 2026New Indian Propulsion System Order
7 Apr 2026$PTrading Update
23 Mar 2026$PTrading Update
26 Feb 2026$PHalf Yearly Report and Accounts
22 Feb 2026US Contract Award
29 Jan 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
8 Jan 2026Expiry of OECO Options
20 Nov 2025Results of Meeting
20 Nov 2025CEO Address to Shareholders at AGM
5 Nov 2025MOU with Carbonix
28 Oct 2025$PQuarterly Activities/Appendix 4C Cash Flow Report
16 Oct 2025Notice of General Meeting/Proxy Form
2 Sept 2025Change in substantial holding
28 Aug 2025Notification regarding unquoted securities - OEC

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.