DroneShield Income Statement

Financials in millions AUD. Fiscal year is January - December.

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	216.55	57.53	54.09	16.89	10.6
Other Revenue	0.27	0.48	0.12	-	-
Revenue	216.81	58.01	54.2	16.89	10.6
Revenue Growth (YoY)	273.74%	7.02%	221.00%	59.33%	90.69%
Cost of Revenue	84.71	16.28	15.14	4.98	2.85
Gross Profit	132.11	41.73	39.07	11.91	7.75
Selling, General & Admin	67	28.29	20.02	7.78	7.76
Research & Development	45.37	21.82	11.06	6.62	5.57
Other Operating Expenses	-	-	-	-0.11	-0.27
Operating Expenses	135.88	54.75	36.35	15	14.22
Operating Income	-3.78	-13.02	2.71	-3.09	-6.47
Interest Expense	-0.63	-0.46	-0.03	-	-
Interest & Investment Income	7.97	5.91	0.97	-	-
Currency Exchange Gain (Loss)	-2.3	0.78	-0.49	0.16	0.08
Pretax Income	1.25	-6.79	3.17	-2.93	-6.4
Income Tax Expense	-2.27	-5.47	-6.17	-1.98	-1.09
Net Income	3.52	-1.32	9.34	-0.95	-5.31
Net Income to Common	3.52	-1.32	9.34	-0.95	-5.31
Shares Outstanding (Basic)	922	625	464	430	398
Shares Outstanding (Diluted)	970	625	475	430	398
Shares Change (YoY)	55.25%	31.44%	10.59%	8.06%	33.04%
EPS (Basic)	0.00	-0.00	0.02	-0.00	-0.01
EPS (Diluted)	0.00	-0.00	0.02	-0.00	-0.01
Free Cash Flow	1.12	-68.56	7.75	-2.6	-6.78
Free Cash Flow Per Share	0.00	-0.11	0.02	-0.01	-0.02
Gross Margin	60.93%	71.93%	72.07%	70.53%	73.12%
Operating Margin	-1.74%	-22.44%	5.00%	-18.30%	-61.09%
Profit Margin	1.62%	-2.27%	17.22%	-5.62%	-50.11%
Free Cash Flow Margin	0.52%	-118.18%	14.30%	-15.39%	-63.95%
EBITDA	2.4	-10.71	3.69	-2.75	-6.09
EBITDA Margin	1.11%	-18.46%	6.81%	-16.26%	-57.43%
D&A For EBITDA	6.18	2.31	0.98	0.34	0.39
EBIT	-3.78	-13.02	2.71	-3.09	-6.47
EBIT Margin	-1.74%	-22.44%	5.00%	-18.30%	-61.09%