Highlights

• First Graphene (ASX: FGR) has received a repeat order of approximately $35,000 from an existing US defence customer for PureGRAPH graphene incorporated in electrically conductive inks.

• The company has also secured its first two commercial orders for newly developed graphene oxide totalling approximately $10,000 — one for thermal conductivity sheets in consumer electronics and one for enhanced construction materials.

• The combined value of the three orders is approximately $45,000, with the customer for the defence order indicating anticipated increasing Demand going forward.

• First Graphene has been building US presence through the Acquisition of MITO Material Solutions assets, a North American distribution agreement and attendance at the CAMX 2026 composites trade show.

First Graphene Limited (ASX:FGR), an Australian-listed advanced materials company and world-leading supplier of its PureGRAPH graphene product range, has announced a combined package of orders representing a meaningful step in both its established US defence Revenue stream and its newly developed graphene oxide product line. The three orders, with a combined value of approximately $45,000, include a significant repeat purchase from a longstanding defence customer and the first ever commercial orders for its graphene oxide material.

US Defence Repeat Order: Established Revenue Stream Growing

The repeat order of approximately $35,000 is from an existing US-based customer that purchases graphene for incorporation into electrically conductive inks used in US defence applications. Electrically conductive inks are used to print circuits, sensors and other electronic components onto flexible and rigid surfaces, with graphene providing the conductive element. This customer has purchased from First Graphene for several years, progressing from smaller initial orders to more significant recent purchases. Notably, the customer has indicated it anticipates increasing demand over the foreseeable future, which is a qualitative signal about the trajectory of this customer relationship. The customer's identity and specific end-use application remain confidential at their request.

First Graphene Oxide Orders: New Product Commercial Debut

The two inaugural graphene oxide orders, with a combined value of approximately $10,000, mark a commercial milestone for a product that First Graphene has developed using an adaptation of its established electrochemical exfoliation process. By adjusting its existing graphene Manufacturing process, the company has developed a cost-competitive production route for graphene oxide that delivers consistent material quality. The first order is from a new international customer for use in thermal conductivity sheets for consumer electronics — a growing application where heat management in compact devices is critical. The second is from a new Australian customer for enhanced building and construction materials, complementing First Graphene's existing commercial focus on cement and concrete enhancement.

US Market Strategy and Broader Defence Engagement

Beyond the conductive ink application, First Graphene has been systematically building its US presence and defence sector exposure. The company acquired Assets from US-based MITO Material Solutions, entered a North American distribution agreement, established a dedicated US Business development function and attended the CAMX 2026 composites trade show in Atlanta. It is also a member of IACMI — The Composites Institute. A Development and Commercialisation Agreement with Aeropreg is advancing PureGRAPH-enhanced carbon fibre prepreg toward commercialisation, targeting aerospace and defence component applications. These broader engagement activities position the conductive inks order as one element of a wider US defence strategy rather than an isolated transaction.

Key Insights

The repeat defence order, with the customer signalling increasing future demand, provides early evidence that First Graphene's established US defence customer relationships may be scaling over time.

The first graphene oxide orders are strategically important as proof of market pull for a new product — initial commercial uptake is often the hardest step in specialised materials commercialisation.

First Graphene's ability to produce graphene oxide by adapting its existing manufacturing process demonstrates operational flexibility that reduces the Capital requirements for entering new product categories.

The combined order value of $45,000 is modest in absolute terms, but the milestone and signalling value of the orders — particularly for graphene oxide — is proportionally significant for a company at this commercial stage.