DroneShield shares tank following first-half trading update, new contract package
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The news: Counter-drone technology company DroneShield was the worst performer on the ASX 200 in morning trade after revealing its preliminary results for the six months to 30 June.
The numbers: DroneShield shares were down 7.8% to $1.92 at 11:20am AEST.
The company said it expects first-half revenue to reach $125.8 million, up 74% on the prior corresponding period. Gross margin is estimated at 60%, down from 65% compared to a year earlier.
Based on committed revenue for the rest of the year, and expected orders over the next few months, DroneShield expects full-year revenue to be between $250 million and $270 million, which would be 15% to 25% higher than FY25.
DroneShield separately announced it has received a new package of contracts totalling $23.2 million from a reseller for delivery to an unnamed European military end-customer.
The company also unveiled the third generation of its proprietary radio frequency intelligence engine for counter-drone detection, ‘RfAI-3’, describing the product as a “significant evolution in the counter-drone doctrine”.
What they said: “As at 28 July 2026, committed revenue for this calendar year is $206 million, which is already near the record revenue delivered across the whole of 2025, and there is still five months of the year to run,” said new CEO and managing director Angus Bean.
“This is powerful validation of the relevance of our solutions, the quality of our people, and the strategy we are executing.”
The source: ASX
