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

FBR Limited (ASX: $FBR) has announced the receipt of A$8.7 million R&D Tax Incentive cash rebate from the Australian Taxation Office (ATO) for the year ended 30 June 2023. The company has fully repaid the $8.7m R&D revolving tax loan facility with FC Capital and may draw again on this facility against its expected tax refund for the year ending 30 June 2024.

Executive Commentary on A$8.7 million R&D Tax Incentive Cash Rebate

The receipt of the A$8.7 million R&D Tax Incentive cash rebate is a significant achievement for FBR. This rebate will further strengthen our financial position and support our ongoing research and development efforts. We are pleased to have fully repaid the $8.7m R&D revolving tax loan facility with FC Capital, demonstrating our commitment to prudent financial management. We remain focused on leveraging our Dynamic Stabilisation Technology to address global needs in a more efficient and sustainable manner.

Summary of FBR's A$8.7 million R&D Tax Incentive Cash Rebate

FBR Limited (ASX: $FBR) has successfully received the A$8.7 million R&D Tax Incentive cash rebate from the Australian Taxation Office, enhancing the company's financial position. The full repayment of the $8.7m R&D revolving tax loan facility with FC Capital reflects FBR's responsible financial management. The company's focus remains on utilizing its Dynamic Stabilisation Technology to meet global needs in a safer, more efficient, and sustainable way. FBR is well-positioned to continue its research and development efforts with the support of this cash rebate and the revolving tax loan facility.