• Revenue from continuing operations up 9% to $176.6m
• Loss before tax from continuing operations reduced to $38.5m
• Successful $35m equity raise to support future sales growth

For the year ended 31 December 2024, Electro Optic Systems Holdings Limited reported revenue from continuing operations of $176.6m, representing a 9% increase compared to the prior year. The loss before tax from continuing operations was $38.5m, compared to a loss of $55.6m in the prior year. Underlying EBITDA from continuing operations (prior to foreign exchange gains and other one-off adjustments) for the year was a loss of $12.9m, representing a decrease of $0.1m compared to the prior year. The Group reported an operating loss after tax from continuing operations of $35.1m for the year. During the year, the Group had a net cash outflow from operating activities of $30.4m. The Group had a net cash inflow of $3.7m from investing activities and a net cash inflow of $9.2m from financing activities, which included $35m raised through an equity capital raising. At 31 December 2024, the Group held cash totalling $52.3m. The Group continues to focus on maximising cash inflows, including seeking contract amendments on existing contracts and securing and delivering on new sales contracts. During the year, the Group restructured its core Defence Systems organisation to better focus on its strategic objectives to maximise international sales and optimise its operations.

EOS intends that capital will be prudently deployed to support the growth opportunities identified in counter-drone and space domains. The company continues to pursue a number of material opportunities in different international markets, including Europe, the Middle East, North America and other international markets.