DroneShield Ltd
ASX:DRO
DroneShield Ltd
DroneShield Ltd. engages in the development and commercialisation of hardware and software technology for drone detection and security. The company is headquartered in Nedlands, New South Wales. The company went IPO on 2016-06-22. The firm is specializing in manufacturing unmanned aircraft systems (C-UAS), electronic warfare, radio frequency sensing, artificial intelligence and machine learning, sensor fusion, and rapid prototyping. DroneShield’s products include DroneGun Tactical, DroneGun MKIII, DroneSentry, DroneSentry-C2, DroneSentry-X, RfPatrol, RfZero, DroneSim, DroneNode, and SonarOne. DroneSentry-XTM is a vehicle-based detect-and-defeat system. DroneNode is a briefcase-style covert drone disruptor. RfPatrol MKIIT is a body-worn passive RF drone detector. DroneGun Tactical provides a safe countermeasure against a range of UAS threats. The firm offers solutions and off-the-shelf products designed to suit various terrestrial, maritime, or airborne platforms.
DroneShield Ltd. engages in the development and commercialisation of hardware and software technology for drone detection and security. The company is headquartered in Nedlands, New South Wales. The company went IPO on 2016-06-22. The firm is specializing in manufacturing unmanned aircraft systems (C-UAS), electronic warfare, radio frequency sensing, artificial intelligence and machine learning, sensor fusion, and rapid prototyping. DroneShield’s products include DroneGun Tactical, DroneGun MKIII, DroneSentry, DroneSentry-C2, DroneSentry-X, RfPatrol, RfZero, DroneSim, DroneNode, and SonarOne. DroneSentry-XTM is a vehicle-based detect-and-defeat system. DroneNode is a briefcase-style covert drone disruptor. RfPatrol MKIIT is a body-worn passive RF drone detector. DroneGun Tactical provides a safe countermeasure against a range of UAS threats. The firm offers solutions and off-the-shelf products designed to suit various terrestrial, maritime, or airborne platforms.
Revenue Surge: DroneShield reported approximately $202 million in cash receipts, marking nearly a 4x increase in top-line revenue compared to last year.
SaaS Growth: SaaS revenue climbed from just under $3 million in 2024 to nearly $12 million in 2025, with over $18 million already locked in for 2026.
Strong Pipeline: The sales pipeline stands at $2.1 billion across about 300 deals, slightly trimmed from $2.4 billion mainly due to more conservative assumptions in the US civilian sector.
Geographic Momentum: Europe has overtaken the US as DroneShield’s main growth engine, with significant defense spending driving new opportunities.
Capacity Expansion: Manufacturing expansion is underway, with new facilities opening in Europe this quarter and the US next quarter to support rapid large-scale order fulfillment.
High Margins: The business continues to deliver high gross margins of 65% and maintains a significant cash balance.
AI & Product Innovation: Next-generation AI and hardware launches are planned for the second half of the year, with a long-term shift towards Counter-Drone-as-a-Service and higher SaaS mix.
No Dividend Plans: The company is prioritizing growth investments over dividends for the foreseeable future.
