• Secured $53m order for Slinger Counter-Drone RWS from Western European customer
• Received $5.0m order from US Government for R400 RWS
• Secured $8.3m in evaluation orders across Thailand, UAE and US
• Backlog increased 25% to $170m as of June 30, 2025

EOS reported a range of customer order activity in Q2 2025, including a $53m order for its Slinger Counter-Drone Remote Weapon System from a Western European government customer, a $5.0m order from a US Government customer for R400 RWS, and $8.3m in evaluation orders across Thailand, the UAE and the United States. The company also secured a $5.8m contract with the Commonwealth of Australia for space research and a $5.3m order for precision optical equipment from a European customer. EOS continued manufacturing and delivery activities, including ongoing work on counter-drone and naval Slinger systems. The company's contract backlog grew 25% to $170m as of June 30, 2025, and it made progress on key opportunities such as the Land 400 Phase 3 RWS in Australia and high-energy laser weapon systems. EOS also expanded its market development activities, including partnerships with MSI Defence Systems and an Adani Group subsidiary. Financially, EOS reported a $30.5m net cash inflow from operating activities and ended the quarter with $130.3m in total cash holdings.

EOS expects its 1H 2025 revenue to be approximately $40 to $45 million, including $12 million of previously constrained revenue. The company expects full year 2025 revenue to be heavily biased to the second half, with the benefit of work performed under the $170 million contract backlog and new contracts expected to be signed before the end of 2025.

EOS' primary focus is on growing the contract backlog further by securing new sales contracts. The company continues to work on a range of sales opportunities, some of which are in advanced stages of negotiation. However, EOS notes that revenue can be lumpy due to uncertainties around the timing of customer contract awards and achievement of milestones.