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Boresight (ASX:BST) ends FY26 with revenue growth of 46% to A$6.38m and starts FY27 with a promising pipeline

JMM

Key Facts:

Revenue grew 46% to A$6.38 million in FY26, up from A$4.36 million in FY25, continuing a three-year revenue CAGR of approximately 81%.

Boresight completed a successful ASX debut on 10 June 2026, raising A$8.0 million before costs at 20 cents per share.

The Company closed the year with A$7.88 million in cash and no debt, and net assets of A$7.82 million.

Boresight deepened its Australian Defence Force relationship and expanded into new US and European markets, including a new Huntsville, Alabama facility lease.

The Company enters FY27 with approximately A$2.31 million in deferred revenue and confirmed orders, plus a A$2.6 million quoted pipeline.

Boresight Ltd (ASX: BST) has released its Annual Report for the year ended 30 June 2026, reporting a 46% increase in revenue to A$6.38 million, up from A$4.36 million in FY25.

The year was headlined by the Company's ASX listing on 10 June 2026, which raised A$8.0 million before costs and left Boresight with A$7.88 million in cash and no debt at year end. Gross profit reached A$3.15 million, while the Group recorded a net loss after tax of A$6.66 million, including A$3.60 million in non-cash share-based payments.

Operationally, Boresight strengthened its Australian Defence Force engagement through ADF-funded upgrades to its BS-350 ISR drone and new contracts under the LAND 156 program, while expanding manufacturing in Huntsville, Alabama and commencing operations of Boresight UK Ltd to drive European sales.

Non-Executive Chairman Dr Andrew Windsor said the Board believes the Group's investments during FY26 "provide a strong foundation for revenue growth, expanded market opportunities, and long-term shareholder value."

Boresight enters FY27 with approximately A$2.31 million in deferred revenue and confirmed orders, and a quoted pipeline of approximately A$2.6 million.

About us:

Boresight delivers an integrated aerial target drone ecosystem that enables realistic C-UAS training and testing for government and industry. The company’s systems combine attritable aerial target drones, mission planning software and scalable ground control systems to support threat emulation and operational readiness. Boresight’s platform range includes quadrotor and fixed-wing aerial target drones designed to replicate evolving drone threats and enable repeatable testing and training scenarios without risking high-value ISR assets. With teams in Australia, the United States and Europe, Boresight supports customers globally with scalable C-UAS training solutions, integrated engineering and production capabilities.

Contact details:

Boresight MD & CEO, Justin Olde: [email protected]

JMM Investor & Media Relations, Wilamina Russo: [email protected]