• Revenue from continuing operations down 27% to $128.5m
• Underlying EBITDA loss of $24.4m
• Completed sale of EM Solutions subsidiary for $153.3m

Electro Optic Systems Holdings Limited (EOS) reported revenue from continuing operations of $128.5m for the year ended 31 December 2025, a decrease of 27% compared to the prior year. The company recorded an operating loss before tax from continuing operations of $79.0m and an operating loss after tax from continuing operations of $73.5m. Underlying EBITDA from continuing operations (prior to foreign exchange gains) was a loss of $24.4m. The decrease in revenue was driven by lower activity levels and the expected timing of new order awards in the Defence Systems segment, following the completion of work related to a large longstanding contract with a customer in the Middle East. Revenue in the Space Systems segment (excluding EMS) increased on the prior year to $12.7m. At 31 December 2025, the Group (excluding EMS) had an order book backlog of unconditional contracted future work of approximately $459.1m. During the year, the Group completed the sale of its subsidiary, EM Solutions Pty Limited, for net proceeds of $153.3m. The Group reported net cash inflows from investing activities of $131.3m, which included the net proceeds from the EM Solutions divestment, partly offset by cash payments of $6.3m for the acquisition of the Interceptor business. The Group's cash balance increased from $52.3m at 31 December 2024 to $106.9m at 31 December 2025.