• All-time high revenue of A$92.9m, up 1,091% QoQ
• Operating cashflow of A$20.1m, up 204% QoQ
• SaaS revenues of A$3.5m, up 400% QoQ

Droneshield Ltd reported record 3Q25 results, with all-time high revenue of A$92.9m, up 1,091% QoQ, and operating cashflow of A$20.1m, up 204% QoQ. SaaS revenues also grew strongly, up 400% QoQ to A$3.5m. The company highlighted its well-positioned market leadership in the globally surging counter-drone industry, with a A$2.55bn pipeline as of October 2025, including 300+ diverse projects across geographies, customers, products and stages of maturity. Droneshield expects to benefit from operational leverage moving forward, with a gross profit margin of approximately 65% and a current fixed cash cost of the business of around A$100m per year. The company continues to invest heavily in R&D, with over A$50m spent annually, to combat the latest drone threats through hardware and AI software innovations. Droneshield is well-capitalized, with a cash balance of A$235.2m as of 14 October 2025, providing flexibility and supporting ongoing investment.

Droneshield expects YTD 2025 secured revenues of A$193.1m, compared to A$57.5m for all of 2024. The company is targeting to be consistently operating cashflow positive and profitable moving forward.

Droneshield is well-positioned to execute on its strategic priorities, including launching next-gen hardware, growing SaaS revenue, expanding wallet share, establishing European and US manufacturing hubs, and increasing penetration in the civilian sector. The company aims to grow its pipeline by over 100% to A$5bn by 2027-2028, with a significant portion of revenues expected to come from SaaS, long-term contracts, and hardware replacements.