Aquirian (AQN) Corporate presentation summary

Capital structure and financial performance

• 106.0M shares on issue, market capitalisation of $43.5M, and enterprise value of $48.5M as of March 2026.

• Cash and cash equivalents at $6.8M, with net debt of $5.0M as of December 2025.

• Top 20 holders own 64% of shares; board and management hold 25%.

• FY24 revenue was $23.2M, FY25 $26.1M, and H1 FY26 $16.9M; EBITDA for these periods: $2.7M, $1.6M, and $2.5M respectively.

• Net assets increased from $11.3M in FY24 to $16.1M in H1 FY26.

Leadership and governance

• Board features experienced executives from mining, finance, and manufacturing sectors.

• New non-executive director with extensive finance and leadership background joining June 2026.

• Board and management are significant shareholders, aligning interests with investors.

Integrated market offering and business units

• Operates seven business units, including specialist drill and blast workforce, training, compliance, and technology.

• Largest dedicated energetics storage manufacturer in Australia for mining and defence.

• Patented Collar Keeper® system and technology-led drill capability.

• End-to-end control of drill, fill, and fire services, with full participation in the drill and blast value chain.