DroneShield Income Statement

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	106.55	57.53	54.09	16.89	10.6	5.56
Other Revenue	0.62	0.48	0.12	-	-	-
Revenue	107.17	58.01	54.2	16.89	10.6	5.56
Revenue Growth (YoY)	62.23%	7.02%	221.00%	59.33%	90.69%	57.86%
Cost of Revenue	34.7	16.28	15.14	4.98	2.85	1.83
Gross Profit	72.47	41.73	39.07	11.91	7.75	3.73
Selling, General & Admin	41.13	28.29	20.02	7.78	7.76	5
Research & Development	32.61	21.82	11.06	6.62	5.57	3.29
Other Operating Expenses	-	-	-	-0.11	-0.27	-0.82
Operating Expenses	78.43	54.75	36.35	15	14.22	9.98
Operating Income	-5.96	-13.02	2.71	-3.09	-6.47	-6.25
Interest Expense	-0.66	-0.46	-0.03	-	-	-
Interest & Investment Income	9.47	5.91	0.97	-	-	-
Currency Exchange Gain (Loss)	0.76	0.78	-0.49	0.16	0.08	-0.5
Pretax Income	3.62	-6.79	3.17	-2.93	-6.4	-6.75
Income Tax Expense	-1.99	-5.47	-6.17	-1.98	-1.09	-0.88
Net Income	5.61	-1.32	9.34	-0.95	-5.31	-5.87
Net Income to Common	5.61	-1.32	9.34	-0.95	-5.31	-5.87
Shares Outstanding (Basic)	754	625	464	430	398	299
Shares Outstanding (Diluted)	828	674	475	430	398	299
Shares Change (YoY)	53.40%	41.79%	10.59%	8.06%	33.04%	39.75%
EPS (Basic)	0.01	-0.00	0.02	-0.00	-0.01	-0.02
EPS (Diluted)	0.01	-0.00	0.02	-0.00	-0.01	-0.02
Free Cash Flow	-50.75	-68.56	7.75	-2.6	-6.78	-5.43
Free Cash Flow Per Share	-0.06	-0.10	0.02	-0.01	-0.02	-0.02
Gross Margin	67.62%	71.93%	72.07%	70.53%	73.12%	67.13%
Operating Margin	-5.56%	-22.44%	5.00%	-18.30%	-61.09%	-112.51%
Profit Margin	5.23%	-2.27%	17.22%	-5.62%	-50.11%	-105.56%
Free Cash Flow Margin	-47.35%	-118.18%	14.30%	-15.39%	-63.95%	-97.73%
EBITDA	-1.76	-10.71	3.69	-2.75	-6.09	-5.78
EBITDA Margin	-1.64%	-18.46%	6.81%	-16.26%	-57.43%	-103.93%
D&A For EBITDA	4.2	2.31	0.98	0.34	0.39	0.48
EBIT	-5.96	-13.02	2.71	-3.09	-6.47	-6.25
EBIT Margin	-5.56%	-22.44%	5.00%	-18.30%	-61.09%	-112.51%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.