Electro Optic Systems (EOS) Q3 2026 TU earnings summary

Executive summary

• Order book reached $717m at 30 September, up 56% from year-end; conditional Kuwait contract signed after quarter-end would add ~A$700m, taking combined order book above A$1.4bn if conditions are met.

• Available cash was $133.1m at quarter-end and rose to $204.0m by 23 October following Middle East contract receipts; FY2026 revenue guidance remains $360m–$400m.

Financial highlights

• Q3 customer receipts were $159.1m, up $92.8m QoQ; operating cash outflow was $57.2m versus $17.6m in Q2.

• Operating payments excluding customer receipts were $216.0m, including $157.0m for manufacturing and operating costs, $32.4m for staff, and $19.6m for administration and corporate costs.

• Investing cash outflow was $94.2m, including $80.0m in security deposits; financing cash inflow was $27.9m, including the remaining $30.0m Strategic Placement proceeds.

Outlook and guidance

• FY2026 revenue outlook remains $360m–$400m, which would be a record annual result; guidance assumes no significant unforeseen supply-chain deterioration or other disruption to production, delivery, or revenue recognition.

• After quarter-end, a conditional Kuwait contract valued at £370m (~A$700m) was signed for a nationwide counter-drone system; it remains subject to advance payment, guarantees, export licences, and other conditions.

• A $9.5m Australian space-systems development contract was secured after quarter-end, supporting future Space Systems activity.