Q1 FY2026 Quarterly Activities and Cash Flow Report

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Stock Remsense Technologies Ltd (REM.ASX)
Release Time 31 Oct 2025, 8:08 a.m.
Price Sensitive Yes
 RemSense Secures Major Tier-1 Energy Contracts
Key Points
  • Tier-1 Momentum: New project commencements with Shell, Chevron and ExxonMobil
  • Recurring Growth: Woodside Energy and Newmont renewed virtualplant subscriptions
  • Technology & Delivery Strength: Advanced new LiDAR scanning, expanded client pipeline, ISO 27001 certification progress
Full Summary

RemSense entered FY2026 with strong operational momentum, delivering a series of Tier-1 energy projects while broadening recurring platform subscriptions and advancing its core technology capability. The quarter saw major virtualplant engagements with Shell, Chevron and ExxonMobil, a clear step in scaling the Company's digital-twin platform across global energy operations. These wins build on RemSense's growing reputation for delivering high-resolution visualisation and inspection solutions that enhance safety, efficiency and decision-making across complex industrial assets. At the same time, Woodside Energy and Newmont extended their virtualplant subscriptions for a further 12 months, demonstrating continued client confidence in the platform's operational value. Combined with an expanding pipeline across the energy, resources and infrastructure sectors, RemSense now has a solid foundation for sustained revenue growth and long-term technology leadership in industrial digital transformation. The Company invested in scalability and delivery capacity, including the acquisition of an additional LiDAR scanner, and progressed ISO 27001 certification to strengthen cybersecurity governance. Product development also remained a key priority, with enhancements to virtualplant including improved user interactivity, upgraded photorealistic rendering and progress on a new reality-comparison tool.

Guidance

RemSense entered FY2026 with a strong foundation of repeat work and subscription revenue that underpins growth into FY2026. The Company expects to convert its expanding project pipeline into sustainable revenue growth and long-term shareholder value through FY2026 and beyond.

Outlook

Looking ahead, RemSense will remain focused on efficient execution, expanding recurring revenue streams and scaling virtualplant into a multi-industry platform for remote asset management and digital-twin applications. Continued advances in cybersecurity, data integration and user functionality are expected to further enhance client confidence and open new enterprise and government opportunities. Strategic partnerships will continue to extend market reach and delivery capacity, supporting both domestic and international growth.