Electro Optic Systems (EOS) AGM 2026 presentation summary

Strategic focus and growth initiatives

• Growth strategy centers on counter-drone and space control markets, with recent expansion into C2 systems through the MARSS acquisition.

• Product portfolio includes counter-drone, space control, remote weapon systems, high energy laser weapons, and AI-enabled C2 platforms.

• MARSS acquisition broadens capabilities, positioning as a turnkey prime defence contractor.

• Commercialization of significant IP assets and software development are key focus areas for future growth.

• Regional expansion and capital discipline are prioritized to sustain growth.

Financial performance and order book

• Illustrative total order book stands at $726m, with 60-80% expected to convert to revenue in 2026 and 2027.

• 2025 revenue was A$128.5m, down from A$176.6m in 2024, as large contracts ended.

• Gross margin improved to 63% in 2025, up from 48% in 2024.

• Underlying EBITDA and EBIT remained negative in 2025, reflecting ongoing investment and scale impacts.

• Revenue is becoming more geographically diverse, with significant contributions from the Middle East and Europe.

Major contracts and product developments

• Secured a €71.4m (A$125m) contract with the Netherlands for a 100kW high energy laser weapon, project ahead of schedule.

• MARSS received a £85m new order from a Middle East customer, increasing its order book to €135m (~A$217m).

• Recent contract wins include Slinger counter-drone systems, remote weapon systems, and high energy laser weapons across Europe, Australia, and the Americas.

• ATLAS product family launched for space warfare, with commercialization of stationary products expected from 2026 and mobile platforms from 2027.