DroneShield Ltd, the Australian counter-drone technology company, reported a first-half revenue increase of 74% year-over-year to A$125.8 million, driven by a 229% rise in recurring revenue to A$11.5 million. The growth reflected expansion in its global installed base of 4,100 software-enabled devices.
The company swung to a statutory loss after tax of A$32.2 million in the six months ended June 30, compared with a A$2.1 million profit in the prior period. Underlying EBITDA loss deepened to A$12.4 million from a A$8.0 million profit, as DroneShield accelerated spending on production capacity, product development, and organizational infrastructure ahead of anticipated demand.
Non-cash share-based payment expenses, business disruption costs, and system implementation expenses contributed A$15 million to the loss. No dividend was declared for the period.
DroneShield reaffirmed its full-year 2026 revenue guidance of A$250 million to A$270 million, representing 15% to 25% growth over 2025. Committed revenue stood at A$240 million as of August 21, up from A$176 million a year earlier, covering 89% to 96% of the guided range.
The company highlighted its role in airspace security during the FIFA World Cup 2026 in Kansas City, where its systems recorded 184 drone detections and led to the seizure of 48 unauthorized drones.
