• Secured $7.3m Moroccan Airports project phase 1
• Repaid $4.65m loan facility, reducing interest burden
• Maintained strong gross margins and EBITDA profitability

Beonic Ltd announced its Q2 FY26 Quarterly Business Review and Appendix 4C. Key highlights include: Securing the first major phase of the Moroccan Airports project, valued at $7.3m over 30 months, covering passenger flow solutions across seven airports. The company also repaid its $4.65m loan facility, reducing its interest burden and providing working capital to accelerate its product roadmap. Beonic maintained strong financial performance, with 78% gross margins and 13.1% EBITDA profitability. The company secured $1.9m in new contract wins and $3m in renewals, including deals with major international airports and retailers. While ARR was impacted by a UK customer transition and a temporary US customer suspension, the company expects to maintain profitability and positive cash flows in FY26. Key priorities for the year include sustainable growth, market expansion, and ongoing financial discipline.

Maintain gross margin improvement (YTD FY26 78.0%, FY25 77.3%, FY24 67.4%), maintain profitable EBITDA (YTD FY26 13.1%) and positive net cash flows from operations (YTD FY26 of $830k). Upon completion of the Moroccan Airports Phase 1 rollout, anticipate adding approximately $2.28m in ARR and $1.48m in Non-Recurring Revenue, with an ending FY26 ARR range of $17.5m to $18.0m.

Accelerate the Moroccan Airports project rollout, with Phase 1 expected to be completed by June 2026. Focus on sustainable growth, market expansion, financial stability, and enhancing product adoption through customer success and R&D investment.