DroneShield soars with record revenue and massive pipeline growth

Australian counterdrone technology company DroneShield has delivered explosive growth in its latest half-year results, with revenue surging 210 per cent to $72.3 million, according to results released on Monday.

The Sydney-based company, which develops AI-powered anti-drone systems for military and civilian applications, reported its highest-ever quarterly revenue of $38.8 million in the second quarter, representing a staggering 480 per cent increase year-on-year.

Software-as-a-Service revenue jumped 177 per cent to $3.5 million, whilst the company's sales pipeline swelled to $2.33 billion across 284 projects spanning 2025 and 2026. DroneShield has already secured $176.3 million in revenue year-to-date, triple its entire 2024 performance.

The company maintains a healthy cash balance of $192 million and continues investing over $50 million annually in research and development. DroneShield now employs 285 world-class engineers, up 150 per cent since August 2024, reflecting its rapid scaling to meet surging global demand for counterdrone solutions.

Chief executive Oleg Vornik said the results demonstrate strong momentum across key international markets as defence spending increases globally.

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