Palmer Luckey’s Anduril doubles Australian revenue amid defence spending surge
Anduril continues to expand local operations to service a $1.7 billion underwater drone contract, which is expected to grow under the National Defence Strategy.
High profile US startup founder Palmer Luckey’s defence tech play Anduril nearly doubled its revenue in Australia in 2025, as it benefits from lucrative government contracts to build Ghost Shark autonomous submarines for the Navy and counterdrone systems for the Air Force.
Filings with the corporate regulator on 7 April show its Australian revenue nearly doubled to $213.3 million in the 2025 calendar year, of which more than 90% is tied to government contracts.
Revenue came in at $111.8 million in 2024.
While the company’s gross profit lifted 47.2% year on year to $126.6 million, it’s after tax profit fell by 65.4% to $3.6 million.
The difference was in part driven by general and administrative costs lifting $30.4 million year on year and an income tax burden of $14.2 million, compared to a tax benefit of $2.7 million the year prior, as the company’s employee count hit 217 at the end of 2025.
