Electro Optic Systems Holdings Limited · ASX:EOS
Electro Optic Systems — Q2 2026 Earnings Presentation
33 slides from Electro Optic Systems's earnings presentation, Aug 25, 2026
Slide 1: 1H 2026 Year Results Presentation
25 AUGUST 2026 THE COUNTER DRONE COMPANY ELECTRO OPTIC SYSTEMS (ASX:EOS) 1H 2026 YEAR RESULTS PRESENTATION DR. ANDREAS SCHWER, MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER CLIVE CUTHELL, CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER Approved for release by the board of directors eos-aus.com
Slide 2: Disclaimer and Important Notices
DISCLAIMER AND IMPORTANT NOTICES CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY This presentation was prepared as at 25 August 2026 and is based on information available at that time, unless noted otherwise. Forward-looking Statements This presentation may contain statements that are, or may
Slide 3: Disclaimer and Important Notices
DISCLAIMER AND IMPORTANT NOTICES Presentation of Information All financial information has been prepared in accordance with Australian Accounting Standards. Certain financial data included in this presentation is ‘non IFRS financial information’. The Company believes that this non IFRS financial inf
Slide 4: Agenda
AGENDA 1H 2026 SUMMARY → Highlights → Strategic Context → High Energy Laser Weapon Update → MARSS Update → Order Book → Business Development Update FINANCIAL RESULTS → Financial Performance → Divisional Performance → Cashflow GROWTH OPPORTUNITIES AND OUTLOOK → Strategy → Summary and Outlook Electro
Slide 5: 1H 2026 Summary
THE COUNTER DRONE COMPANY 1H 2026 SUMMARY DR. ANDREAS SCHWER, MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER Electro Optic Systems 5
Slide 6: 1H 2026 Strategic & Operational Highlights
1H 2026 STRATEGIC & OPERATIONAL HIGHLIGHTS 1H 2026 has been characterised by the MARSS acquisition, strong markets and growth in the order book EOS IS WELL POSITIONED STRONG EVOLVING COMMERCIAL MARKETS PARTNERSHIPS DELIVERY TO CAPITALISE ON Global tensions and technological EOS has formed partnershi
Slide 7: 1H 2026 Financial Highlights
1H 2026 FINANCIAL HIGHLIGHTS 1H 2026 has been characterised by strong markets and growth 1H 2026 REVENUE GROSS MARGIN %1 STATUTORY NPAT UNDERLYING EBITDA2 RESULTS $168.8m 58% ($33.7)m $21.6m up 283% or $124.7m on 1H 2025 down from 76% on 1H 2025 improved $11.1m on 1H 2025 up $36.5m on 1H 2025 POSITI
Slide 8: Our Platforms
OUR PLATFORMS Kinetic Defeat High-Energy Laser Integrated Counter- Laser-Based Space Systems Weapons Drone Systems Control Systems Highly accurate remote weapon systems with 100kW+ class laser weapons with instant NiDAR AI command and control (C2) fusing Optical sensors & effectors for space built-i
Slide 9: Megatrend
MEGATREND 1 Drones have redefined Cumulative Russian attacks in Ukraine since September 2022 90,000 modern warfare 84k 80,000 70,000 60,000 Drones 50,000 40,000 80% of casualties are now Ukraine plans to build >7m caused by drones drones in 2026 30,000 More casualties than every other Up from 4 to 5
Slide 10: The Problem
THE PROBLEM Traditional defence Too Expensive systems fail on five Defending against $500 drones with equipment such as $4m Patriots is unsustainable. Countermeasures needs to match the cost-asymmetries of cheap, effective threats. Too Inflexible fronts Threats now evolve at software speed. New dron
Slide 11: The EOS Solution
THE EOS SOLUTION A complete counter-drone platform for modern warfare MULTI-DOMAIN, THREAT-MATCHED FULLY AUTONOMOUS SOFTWARE-BASED & MULTI-THREAT INTEROPERABLE C2 COUNTER-DRONE DRONE DEFENCE UPGRADEABLE ENGAGEMENTS EFFECTORS Connecting different Product portfolio of cost- AI runs detection, tracking
Slide 12: Automated Drone Defence
AUTOMATED DRONE DEFENCE Drone swarm attacks require automated solutions DATA INPUT DATA FUSION DETECTION IDENTIFICATION Engagement outcome is Data from heterogenous Objects are detected and Objects are analysed, continuously monitored sensors are fused into a tracked across domains, with classified
Slide 13: NiDAR C2 Architecture
NIDAR C2 ARCHITECTURE NiDAR Sensor Fusion Fusion of multi-domain Open-Source sensor data to create a Intelligence dynamic common Legacy Local & Effectors remote C2s operating picture Third-Party Networked, Effectors fixed NiDAR C2, Operator view surveillance Autonomous Surveillance EOS Effectors Air
Slide 14: EOS Partners & Clients
EOS PARTNERS & CLIENTS EOS works with a range of partners to serve end-users INTEGRATION CASE PRODUCT SELECTED STUDIES PARTNERSHIPS END-USERS Integrated into the products and systems EOS enters strategic partnerships with Tested, approved and deployed with developed and distributed by some of the es
Slide 15: Global Leaders in High-Energy Laser Weapons (HELW)
GLOBAL LEADERS IN HIGH-ENERGY LASER WEAPONS (HELW) HELWs delivers a cost effective Built to scale into a core solution for counter-drone revenue driver <$10 per shot with an unlimited magazine running Average value of HELW contracts far exceed off electrical power. Designed to kill 20-30 drones remo
Slide 16: Global Leaders in High-Energy Laser Weapons (HELW)
GLOBAL LEADERS IN HIGH-ENERGY LASER WEAPONS (HELW) Production footprint Actively pursuing a wide range established of opportunities Formal opening of new Singapore manufacturing EOS employs multiple different go-to-market facility in February 2026. Expansion of laser team, strategies to grow the HEL
Slide 17: Update on MARSS Acquisition
UPDATE ON MARSS ACQUISITION MARSS has secured ~A$200m in orders in 2026 NiDAR is proven on the Case Study: New contract with Middle Eastern military customer battlefield → As disclosed on 15 May 2026, MARSS entered into a £85m (~A$160m) contract with MARSS’ NiDAR system has successfully protected an
Slide 18: Order Book Development
ORDER BOOK DEVELOPMENT Order book grew 84% from December ‘25 to June ‘26 UNCONDITIONAL ORDER BOOK BREAKDOWN OF CURRENT ORDER BOOK ($m) 1% 846 3% 11% RWS HELW Space MARSS 225 16 14% 98 459 14 55% 115 507 16% 136 330 10 126 Dec-24 Dec-25 Jun-26 ME AUS EU Americas Asia Other Note: excludes EM Solutions
Slide 19: Business Development Update
BUSINESS DEVELOPMENT UPDATE EOS continues to develop a deep and diversified pipeline of sales opportunities. HELW and integrated counter-drone opportunities have grown strongly. NOTABLE OPPORTUNITIES ESTIMATED SIZE (A$M) CUSTOMER TYPE REGION SYSTEM US Army follow-on opportunities $20m-$50m Existing
Slide 20: Megatrend
MEGATREND 2 Space has become a critical military domain 39 Russian and Chinese reconnaissance >25% of all flights in the Baltics were satellites regularly orbit over Europe jammed by Russian attacks in 2025 Moscow and Beijing aim to “disrupt, jam, 123,000 flights in just 4 months were manipulate, or
Slide 21: 1H 2026 Financial Results
THE COUNTER DRONE COMPANY 1H 2026 FINANCIAL RESULTS CLIVE CUTHELL, CHIEF FINANCIAL OFFICER & CHIEF OPERATING OFFICER Electro Optic Systems 21
Slide 22: 1H 2026 Financial Performance
1H 2026 FINANCIAL PERFORMANCE 1H 2026 was the highest revenue and Underlying EBITDA outcome in EOS’ history A$M (CONTINUING OPERATIONS) 1H 2026 1H2025 VAR REVENUE (CONTINUING OPERATIONS), A$M Revenue 168.8 44.1 124.7 Gross Margin %1 58% 76% 18% 71.0 Underlying EBITDA2 21.6 (14.9) 36.5 107.8 H2 EBIT
Slide 23: 1H 2026 Segment Performance
1H 2026 SEGMENT PERFORMANCE DEFENCE A$MIL 1H 2026 1H 2025 VAR SYSTEMS Revenue 163.7 38.8 124.9 (incl. MARSS) Underlying EBITDA1 (incl. corp allocations) 22.9 (13.1) 36.0 → Revenue increased by 322% on prior corresponding period largely due to higher activity as existing and new contracts were delive
Slide 24: 1H 2026 Cashflow
1H 2026 CASHFLOW During 1H 2026 narrowed the operating cash outflow and strengthened the balance sheet. The focus on cash discipline will continue A$MIL 1H 2026 1H2025 VAR Operating cash flow includes: Financing cash outflow includes: Receipts from customers 138.9 100.8 38.1 → Receipts from customer
Slide 25: Conclusion
THE COUNTER DRONE COMPANY CONCLUSION DR. ANDREAS SCHWER, MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER Electro Optic Systems 25
Slide 26: Growth Strategy
GROWTH STRATEGY EOS believes it is well positioned to grow sustainably in the short and longer terms ROBUST ORGANIC GROWTH OPPORTUNITIES: 1-3 YEARS 2-5 YEARS 3-10 YEARS DEFEND & GROW NURTURE SEED → Remote Weapons Systems → Counter-drone variants → AI-enabled C2 for counter-drone defence SPACE CONTRO
Slide 27: Summary and Outlook
SUMMARY AND OUTLOOK EOS has continued to execute its growth strategy. Markets are very strong and we plan to continue growing. COUNTER DRONE SPACE CONTROL REMOTE WEAPONS SYSTEMS HIGH-ENERGY LASERS MARSS C2 NiDAR SPACE INTELLIGENCE AND CONTROL SUMMARY → Market conditions remain supportive → Focused g
Slide 28: Thank You for Your Interest
THE COUNTER DRONE COMPANY THANK YOU FOR YOUR INTEREST Electro Optic Systems 28
Slide 29: Appendices
THE COUNTER DRONE COMPANY APPENDICES Electro Optic Systems 29
Slide 30: Notable Recent Contract Wins
NOTABLE RECENT CONTRACT WINS EOS has secured several large contracts over the last two years – this has helped to diversify the revenue base CONTRACT REGION VALUE (A$M) DATE SLINGER COUNTER-DRONE RWS Europe 53 May ‘25 HIGH-ENERGY LASER WEAPON Europe 125 Aug ‘25 LAND 400-3 RWS Australia 108 Oct ‘25 S
Slide 31: Reconciliation of Statutory Profit / (Loss) and Non-GAAP Measures
RECONCILIATION OF STATUTORY PROFIT / (LOSS) AND NON-GAAP MEASURES A$M 1H 2026 1H 2025 (Loss) for the period (33.7) (44.8) Income tax expense/(benefit) 4.8 (0.4) (Loss) before tax (28.9) (45.2) Net finance (income) / costs (2.8) 15.0 EBIT (loss) (31.7) (30.2) Foreign exchange (gain) / loss (1.2) 5.8
Slide 32: 1H 2026 Segment Performance
1H 2026 SEGMENT PERFORMANCE A$M 1H 2026 1H 2025 VAR REVENUE Defence Systems 163.7 38.8 124.9 Space Systems (excl. EM Solutions) 5.1 5.3 (0.2) Total 168.8 44.1 124.7 UNDERLYING DIVISIONAL EBITDA (LOSS) / PROFIT Defence Systems (incl. MARSS) 22.9 (13.1) 36.0 Space Systems (2.1) (0.7) (1.4) Unallocated
Slide 33: Electro Optic Systems
#E0s Electro Optic Systems 33
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