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DEFSEC Technologies Inc. Announces Full Year Fiscal 2025 Results and Outlook for Fiscal 2026
Revenue up 229% over fiscal 2024, from $1.5 million to $4.9 million, with continuing momentum pos...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"DEFSEC Technologies Inc. Announces Full Year Fiscal 2025 Results and Outlook for Fiscal 2026Revenue up 229% over fiscal 2024, from $1.5 million to $4.9 million, with continuing momentum post year-end;Expected program billings on an annualized go-forward basis for Government programs of $8.8 million as of February, 2026 with continued growth;Strong financial position to execute operational plan through calendar 2026;First DEFSEC LightningTM SaaS order received.Ottawa, Ontario--(Newsfile Corp. - December 29, 2025) - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) (\"DEFSEC\" or the \"Company\") is pleased to announce the highlights of its financial year ended September 30, 2025 (\"FY2025\") results and the outlook for fiscal 2026. This announcement is a summary only and should be read in conjunction with DEFSEC's audited consolidated financial statements for the years ended September 30, 2025, 2024 and 2023, management's discussion and analysis for the year ended September 30, 2025, and Form 20-F Annual Report for the year ended September 30, 2025, all of which have been filed on the Company's SEDAR+ and EDGAR profiles, respectively. All figures are stated in Canadian Dollars unless otherwise noted.\"Fiscal 2025 was a break-out year for Company revenue growth and progress towards improved cash flow and profitability,\" said Sean Homuth, DEFSEC President and CEO. \"Management currently believes it has a reasonable basis to support calendar 2026 forecasted activities based on cash on hand, anticipated revenue streams and planned expenditures in the fiscal year, subject to execution of the Company's operating plan and other factors described in its public filings.\" The Company also reported that subsequent to year-end it received its first order for the DEFSEC LightningTM real-time situational awareness system offered as a hosted Software as a Service (\"SaaS\") for first responders. Mr. Homuth added, \"The strong interest in DEFSEC LightningTM is very promising as we plan the full commercial release for early in 2026.\"Much of the revenue growth in FY2025 was driven by increases in task orders for the Company's software services for the Canadian Department of National Defence under two foundational long-term program contracts: (i) Directorate Land Command Systems Program Management Software En...