• Moroccan Airports rollout on schedule, full delivery expected by 30 June 2026
• YTD EBITDA margin tripled to 15.8% on 77.7% gross margins
• $38m qualified pipeline provides material coverage of Q4 FY26 ARR uplift

Beonic reported a strong Q3 FY26 result, with the Moroccan Airports rollout progressing on schedule and key financial metrics demonstrating significant improvement. The company achieved a YTD EBITDA margin of 15.8%, more than tripling the prior year's 4.8% margin, driven by continued gross margin expansion to 77.7%. Total revenue for the quarter was $6.3m, up 13% year-over-year, while YTD revenue grew 8.4%. Recurring revenue and ARR were impacted by currency headwinds, but on a constant currency basis, ARR was $16.7m. The company secured $1.5m in new contract wins and expansions during the quarter, as well as $1.5m in notable renewals. Beonic also retired its $4.7m AUD debt facility and secured a short-term $1.0m AUD loan facility to maintain financial flexibility. Looking ahead, the company sees three key levers to drive stronger growth and profitability: the Moroccan Airports contract moving to full operating revenue contribution, the $38m qualified pipeline providing coverage for Q4 FY26 ARR uplift, and the high-margin operating leverage in the business model.

Management views the FY26 exit ARR range of $17.5m to $18.0m as the start of a re-acceleration, not a steady state.

Beonic's FY26 priorities focus on sustainable growth and market expansion, including growing top-line revenue through pipeline conversion, strengthening its position as a global leader in Airport and retail IoT solutions, continuing to build on solutions like Beonic Vision, maintaining financial stability through disciplined cost management, and enhancing product adoption through customer success initiatives and R&D investment.