• Orbital supplies Group 2 & 3 UAV propulsion systems
• Proprietary & patented technology for heavy fuel direct air injection engines
• Increased payload demands, VTOL configurations, and BVLOS regulations driving market evolution

Orbital Corporation Ltd is a provider of UAV propulsion systems, focusing on Group 2 and 3 UAVs with take-off weights up to 600kg and wing spans up to 10 metres. The company's key strengths include its proprietary and patented technology for 2-stroke heavy fuel direct air injection engines and associated engine management systems, with 30 patents and an average remaining life of 12 years. The global UAV market is evolving, with increased payload demands, VTOL configurations, and BVLOS regulations driving the need for higher-powered, more reliable, and more efficient propulsion systems. Orbital's product range includes multiple engine capacities from 50cc to 350cc, as well as engine management and electrical power management systems to meet these evolving market needs. The company's heavy fuel technology outperforms gasoline engines, particularly at high altitudes, and has accumulated over 1.2 million hours of flight time in military operations with Tier 1 OEMs. Orbital is targeting three main growth avenues: deepening partnerships with Tier 1 defence OEMs, expanding sales of standardised integrated propulsion systems to Tier 2 military and Tier 1 commercial UAV manufacturers, and offering flexible in-service support packages. The company has manufacturing facilities in Australia and the US, with the US facility currently mothballed but able to be reactivated as required.

FY25 unaudited results: Revenue of $8.23 million (down from $12.57 million in FY24), EBITDA (excluding non-cash write-downs) of -$2.46 million, and Net Profit After Tax of -$4.30 million. The reduction in revenue was due to lower deliveries to Boeing Insitu, partially offset by new programs for DSO (Singapore) and FIPL (Vietnam). Due to uncertainty around the US Department of Defense decision timetable on future UAV orders, the company is unable to provide guidance on FY26 financial forecasts.