• Decline in revenue and other income to $14.1 million, down from $17.1 million in the previous year
• Sales order intake during H1 FY2026 of $15.6 million, including continued expansion in key industry verticals
• Confirmed sales order backlog of $7.8 million, including $2.6 million in contracted annual recurring revenue

Trading conditions in the first half of FY2026 remained challenging for AVA Risk Group, characterized by delays to key projects which impacted revenue and earnings. Revenue and other income declined to $14.1 million, down from $17.1 million in the previous year. The decline was driven by lower revenue in the Detect segment, reflecting delays to a number of orders now expected to be received in H2 FY2026. However, the company continued to make strong progress in key industry segments, with sales order intake during H1 FY2026 of $15.6 million, including continued expansion in strategically important verticals such as sovereign border protection, airport perimeter detection, and transportation. The company also confirmed a sales order backlog of $7.8 million, including $2.6 million in contracted annual recurring revenue. The company remains focused on developing its sales opportunity pipeline in key industry verticals and growing its recurring revenue base. AVA Risk Group has also secured a strategic investment of up to $7.0 million via a Convertible Loan Note and up to $5.6 million via associated Warrants from Hale Capital, which will provide growth capital to support the company's expansion in the U.S. market.

The company expects performance in H2 FY2026 to be significantly improved on its first half performance, with a number of key orders which were delayed in the first half expected to close in H2 FY2026. This includes $1.0 million in revenue from a program for deployment of Aura Ai-X to corrections facilities in the U.S., $0.7 million from two orders for deployment of detection systems to U.S. government sites, and additional systems expected to be deployed to a major Australian transport infrastructure project worth $0.6 million.

The company has also progressed a number of large program tenders which are expected to be finalised during H2 FY2026 and drive revenue growth, including a $2.5 million sovereign border protection program in the Middle East, $2.2 million in oil and gas infrastructure protection in the Middle East, and $0.8 million in an Australian transport infrastructure program.