• Secured major $7.3M Moroccan Airport project
• Achieved improved gross margins of 77.9% and EBITDA profitability of 13.6%
• Repaid $4.65M loan facility, reducing interest burden

Beonic Ltd reported its interim financial results for the half-year ended 31 December 2025. The company secured the first major phase of its landmark Moroccan Airport project, valued at ~$7.3 million over 30 months, which includes the deployment of Beonic's passenger flow management solutions across seven airports. In North America, Beonic's footprint continued to grow with a multi-year agreement at Denver International Airport. The company also secured $4.4 million in new contract wins and expansions, alongside $6.1 million in notable renewals from prestigious customers. Beonic achieved improved gross margins of 77.9% and an EBITDA profitability of 13.6% in the first half of FY26. The company also repaid its $4.65 million loan facility, significantly reducing its interest burden and providing the working capital needed to accelerate its product roadmap. Beonic's security and compliance capabilities were further strengthened, with the company upgrading to ISO/IEC 27001:2022 and progressing toward CSA STAR Level 2 Certification.

Beonic expects to maintain its gross margin improvement, with YTD FY26 gross margins at 77.9%, and to maintain profitable EBITDA (YTD FY26 13.6%) and positive net cash flows from operations (YTD FY26 of $830k). The company also anticipates the Moroccan Airports rollout to be completed by June 2026, which is expected to add approximately $2.28M in ARR and $1.48M in Non-Recurring Revenue, with an ending FY26 ARR range of $17.5M to $18.0M.

Beonic's FY26 priorities focus on sustainable growth and market expansion, including growing top-line revenue, strengthening its position as a global leader in Airport and retail IoT solutions, maintaining financial stability through disciplined cost management and operational efficiency, enhancing product adoption, and delivering key projects while minimizing churn.