
Shares in DroneShield Limited dropped 9.4% on Wednesday, finishing at A$1.768 as higher first-half costs offset its record sales.
| A$ million | 1H25 | 1H26 | Change |
|---|---|---|---|
| Revenue | 72.3 | 125.8 | +74% |
| Recurring revenue | 3.5 | 11.5 | +229% |
| Gross margin | 65.3% | 60.0% | −5.3 pts |
| Underlying EBITDA | 8.0 | −12.4 | −20.4 |
| Statutory NPAT | 2.1 | −32.2 | −34.3 |
Pre-results average target from five analysts. Consensus: Buy, but the split is wide at three Buy and two Sell ratings.
High A$5.00Low A$1.60Canaccord A$2.804 Aug snapshotGross margin recovery, second-half EBITDA, delivery timing and recurring revenue. Governance remains material while ASIC examines historical disclosures and trading.
15.7% short interestInventoryProduct mixASICSources: DroneShield first-half 2026 results and investor relations; Visible Alpha consensus via Capital Brief; market and analyst data from Investing.com and S&P Global. Market figures timestamped 26 Aug 2026, 16:12 AEST. Calculations are estimates using reported shares outstanding.
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