• Completed $2.5M sale of encryption tech to new South American government customer
• $1.3M profit boost in FY2026 from South American deal
• $1.3M revenue and $0.9-1.0M profit from delayed Middle East transaction

Senetas Corporation Limited (ASX: SEN) announced the completion of a significant sale of its CV series virtual encryption technology to a large government agency in South America. The transaction, worth approximately US$1.7 million (A$2.5 million), includes a perpetual license and a 4-year maintenance agreement. This represents Senetas's largest sale in the South American region and the largest ever sale of its virtualized encryption technology. The transaction is expected to boost Senetas's profit before tax in FY2026 by between A$1.3-1.4 million, with ongoing maintenance revenue to be recognized in the following 4 years. Senetas CEO Andrew Wilson stated that this sale reflects the company's progress in targeting new markets to expand the global distribution of its encryption technologies. The announcement also noted the completion of a delayed transaction in the Middle East, worth approximately US$0.9 million (A$1.3 million), which will contribute an additional A$0.9-1.0 million in profit before tax in the second half of FY2026.

The South American transaction is expected to boost Senetas's profit before tax in FY2026 by between A$1.3-1.4 million, with ongoing maintenance revenue to be recognized in the following 4 years. The delayed Middle East transaction will contribute an additional A$0.9-1.0 million in profit before tax in the second half of FY2026.

Senetas is optimistic that additional sales of a similar scale to the South American transaction can be realized in the next 12 months, as the company continues to target new markets and expand the global distribution of its encryption technologies.