DroneShield Balance Sheet

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
Cash & Equivalents	103.39	62.62	56.7	10.14	9.42
Short-Term Investments	106.1	156.87	0.08	0.08	0.08
Cash & Short-Term Investments	209.49	219.49	56.77	10.22	9.49
Cash Growth	-4.56%	286.62%	455.55%	7.63%	-41.71%
Accounts Receivable	33.44	17.33	2.06	6.63	0.26
Other Receivables	5.95	2.22	0.62	0.25	0.26
Receivables	39.38	19.55	2.67	6.88	0.52
Inventory	86.01	78.87	25.2	3.73	6.92
Prepaid Expenses	-	-	-	1.44	0.34
Total Current Assets	334.89	317.9	84.64	22.27	17.27
Property, Plant & Equipment	39.98	16.65	5.89	2.87	0.99
Long-Term Investments	1.07	1.17	1.12	0.04	0.04
Other Intangible Assets	20.15	6.42	0.03	0.03	0.04
Long-Term Deferred Tax Assets	16.11	13.74	5.36	-	-
Total Assets	412.19	355.88	97.05	25.21	18.34
Accounts Payable	21.67	2.17	3.49	0.56	0.48
Accrued Expenses	8.24	3.62	1.37	0.91	0.72
Short-Term Debt	-	-	-	0.03	-
Current Portion of Long-Term Debt	-	-	-	0.07	0.06
Current Portion of Leases	3.26	0.37	0.45	0.53	0.15
Current Income Taxes Payable	0.4	0.8	0.37	-	-
Current Unearned Revenue	23.58	20.65	7.72	4.05	1.26
Other Current Liabilities	0.8	0.22	-	-	-
Total Current Liabilities	57.95	27.83	13.4	6.14	2.66
Long-Term Leases	11	8.73	2.17	-	0.04
Long-Term Unearned Revenue	4.08	6.07	6.83	-	-
Pension & Post-Retirement Benefits	0.73	0.33	0.14	-	-
Other Long-Term Liabilities	1.81	1.33	-	0.06	0.05
Total Liabilities	75.57	44.29	22.54	6.21	2.76
Common Stock	313.75	313.15	80.38	40.54	36.98
Retained Earnings	11.26	-11.65	-11.34	-26.62	-26.7
Comprehensive Income & Other	11.61	10.09	5.47	5.09	5.3
Shareholders' Equity	336.62	311.59	74.51	19	15.58
Total Liabilities & Equity	412.19	355.88	97.05	25.21	18.34
Total Debt	14.26	9.11	2.63	0.62	0.25
Net Cash (Debt)	195.24	210.38	54.15	9.6	9.25
Net Cash Growth	-7.20%	288.55%	464.17%	3.80%	-41.53%
Net Cash Per Share	0.20	0.34	0.11	0.02	0.02
Filing Date Shares Outstanding	913.42	872.12	612.15	487.31	418.23
Total Common Shares Outstanding	913.42	872.12	611.45	451.04	418.23
Working Capital	276.93	290.07	71.25	16.13	14.61
Book Value Per Share	0.37	0.36	0.12	0.04	0.04
Tangible Book Value	316.47	305.17	74.48	18.97	15.55
Tangible Book Value Per Share	0.35	0.35	0.12	0.04	0.04
Machinery	25.82	9.32	4.39	3.64	2.05
Construction In Progress	4.38	0.89	-	-	-
Leasehold Improvements	7.53	2.74	0.91	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.