DroneShield Has A$240 Million Committed for 2026, A$43 Million Beyond
Counter-drone demand is producing revenue, but DroneShield's order book thins sharply after this year while its expanded cost base weighs on profit.
Counter-drone demand is producing revenue, but DroneShield's order book thins sharply after this year while its expanded cost base weighs on profit.
DroneShield posted first-half 2026 revenue of A$125.8 million, up 74% from a year earlier, and a statutory loss after tax of A$32.2 million against a A$2.1 million profit in the same period last year, the company said in its Aug. 26 ASX results release. Underlying EBITDA swung from an A$8 million profit to a A$12.4 million loss.
Frequently Asked Questions
How much did DroneShield's revenue grow in the first half of 2026?
Revenue reached A$125.8 million for the six months to June 30, up 74% on the prior corresponding period, per the company's Aug. 26 ASX results release.
Why did DroneShield report a loss despite record revenue?
Gross margin fell to 60% from 65.3% and fixed costs rose as headcount went to 537 from 332. Underlying EBITDA was a A$12.4 million loss and the statutory loss after tax was A$32.2 million, which included A$15 million in individually significant items, the company disclosed.
How much of DroneShield's 2026 revenue is already committed?
Committed FY2026 revenue was A$240 million as at Aug. 21, up from A$176 million a year earlier, covering 89% to 96% of the reaffirmed A$250 million to A$270 million outlook, according to the results release.
What is committed beyond 2026?
A$43 million, across hardware, software, warranty and other services, the company stated. Recurring revenue was A$11.5 million in the half, or 9.2% of sales, across 4,100 software-enabled devices.
What is RfRecon and when does it ship?
RfRecon is DroneShield's next-generation counter-drone hardware, launched in July alongside the RfAI-3 radio-frequency intelligence engine. Scaled production is expected in the second half of 2026, with first deliveries targeted by the end of the year, per the company.
Is DroneShield under regulatory investigation?
DroneShield said it continues to assist ASIC with an investigation into ASX announcements and trading activity during November 2025, and that it is not clear what action, if any, may result.
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Marcus Schuler
Marcus Schuler edits BattlePolicy, a daily defense-technology brief connecting the companies and capabilities behind modern war to the contest among Europe, the US, Russia, and China.