Aquirian (AQN) H2 2026 earnings summary

Executive summary

• Returned to profitability in FY26, achieving a $1.4m statutory NPAT versus a $3.4m loss in FY25.

• Revenue and other income grew 22.8% year-over-year to $32.0m.

• Strengthened balance sheet with $11.6m closing cash and $24.1m net assets.

• Transitioned from technology development to commercial deployment, highlighted by Drillforce's inaugural ~$48m, three-year contract.

Financial highlights

• EBITDA increased 194% year-over-year to $4.6m.

• Basic EPS improved to 1.3c from (4.0c) in FY25.

• Cash and cash equivalents rose to $11.6m, up from $6.8m in FY25.

• Net assets increased 88.7% to $24.1m.

Outlook and guidance

• FY27 focus on execution, including mobilisation and delivery of the Brightstar contract.

• Plans to optimise Wubin Energetics Hub and expand Collar Keeper® distribution.

• Management expects further growth as investments transition to commercial earnings streams.