Quarterly Activity Report and Appendix 4C - March 2025
| Stock | Electro Optic Systems Holdings Ltd (EOS.ASX) |
|---|---|
| Release Time | 29 Apr 2025, 10:33 a.m. |
| Price Sensitive | Yes |
EOS Reports Q1 2025 Activities and Financials
- Received US$5.3m order for counter-drone R150 gimbal integration
- Secured US$3.1m order for R400 Remote Weapon Systems from US Government
- Completed divestment of EM Solutions for A$158.6m, repaid A$61.1m in borrowings
EOS reported its quarterly activities and financial results for the period ended 31 March 2025. Key highlights included receiving a US$5.3m order for counter-drone R150 gimbal integration and a US$3.1m order for R400 Remote Weapon Systems from the US Government. The company also continued manufacturing and delivery of various products, including R600 RWS spares and services, Counter-Drone Container-Based RWS, and upgrades for an existing European customer. EOS made progress on several order book opportunities, including negotiations for the potential sale of its heavy-calibre R800 RWS to a new North American customer and the Land 400 Phase 3 RWS opportunity in Australia. The company also continued work on Ukrainian opportunities and successfully deployed counter-drone products in Ukraine. EOS participated in several key industry events, including the IDEX defence exhibition in Abu Dhabi and the Northrop Grumman Bushmaster User Conference in the US. During the quarter, EOS also completed the divestment of its non-core EM Solutions subsidiary for A$158.6m and used the proceeds to repay A$61.1m in borrowings, leaving the company debt-free. EOS's total cash balance at the end of the quarter was A$103.1m.