DroneShield shares soar on quarterly revenue boost
Make us a preferred source
Make us a preferred source on Google
More news: Shares in DroneShield lifted in morning trade after the anti-drone technology company posted record revenue of $38.8 million for the June quarter 2025.
This is a 9.3% increase quarter on quarter and a 480% increase compared to the same period last year. Year-to-date revenue under contract is currently $176.3 million.
At 11:22am AEST shares in DroneShield had lifted 7.6% to $3.19.
DroneShield posts best quarterly revenue result
The news: Defence technology company DroneShield has reported its best quarterly revenue result to date, following heightened demand for its counter-drone products in Europe, the US and Asia.
The numbers: DroneShield recorded second-quarter revenue of $38.8 million, up 480% compared to the prior corresponding quarter. The company reported first-quarter revenue of $33.5 million.
DroneShield said year-to-date revenue under contract for 2025 now stands at $176.3 million with five months still to go, already three times its FY24 total of $57.5 million
The context: The company's sales pipeline of $2.3 billion corresponds to "currently visible opportunities" in 2025 and 2026, with Europe and Ukraine representing the largest demand drivers. It follows a surge in EU defence spending in response to the "clear message" by the Trump administration that they need to be self-reliant militarily.
DroneShield said that its pipeline has also benefited from the US government's recently passed "Big Beautiful Bill" and the "significant ramp up" of counter-drone programs in Asian countries "against the threat of small Chinese drones conducting surveillance of sensitive areas, harassment and potential attacks".
The source: ASX
