Key points
- Revenue increased by 74% to $125.767 million
- Statutory loss after tax of $32.2 million
- Recurring revenue increased by 229% to $11.5 million
- Gross margin decreased by 5.3 percentage points to 60%
- Net operating cash outflow increased to $10.3 million
Full summary
DroneShield Ltd reported record revenue of $125.767 million for the half-year ended June 30, 2026, an increase of 74% from the prior corresponding period. Despite this, the company reported a statutory loss after tax of $32.2 million compared to a profit of $2.1 million in the prior corresponding period. Recurring revenue increased by 229% to $11.5 million, representing 9.2% of total revenue. Gross margin decreased by 5.3 percentage points to 60.0%, due to changes in product mix, currency movements, and impairment of raw materials. The company continues to invest in production scale, product development, and global operational capability, resulting in an underlying EBITDA loss of $12.4 million. Net operating cash outflow increased to $10.3 million, reflecting higher inventory investment and continued investment in research and development.