$49.6m European military contract

• DroneShield receives $49.6m contract from European reseller
• Majority of hardware already on-the-shelf, deliveries and payments expected in Q1 2026
• Over $86.5m in contracts from this reseller over past 3 years

DroneShield Limited (ASX:DRO) has received a contract totaling $49.6 million from a European reseller that is contractually required to distribute the products to a European military end-customer. The contract is for handheld counter-drone systems, associated accessories, and software updates. DroneShield has a large portion of this stock on-the-shelf and expects to complete all deliveries in Q1 2026. Cash payments are also expected to be fully received in Q1 2026. No additional material conditions need to be satisfied. Over the past 3 years, DroneShield has received 15 contracts from this reseller totalling over $86.5 million. There are no obligations for any additional contracts from this reseller or end-customer. DroneShield confirms that the identity of the counterparty/customers is not information that a reasonable person would expect to have a material effect on the price or value of the company's securities, and the announcement contains all material information relevant to assessing the impact of the contract on the price or value of the securities and is not misleading by omission.