Slide 1: 1H 2026 Interim Results
1H 2026 Interim Results 26 August 2026 Leading the world in intelligent counter-drone technology 1
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This presentation has been prepared by DroneShield Limited ACN 608 915 859 ("DroneShield" or Non-IFRS financial information "Company"). This presentation contains summary information about DroneShield and its Information in this presentation includes Non-IFRS measure
Slide 3: Contents
1H 2026 INTERIM RESULTS Contents 1 2 3 Overview 1H 2026 Highlights Growth Platform 4 5 Outlook Appendix 3
Slide 4: Overview
01 Overview Leading the world in intelligent counter-drone technology 4
Slide 5: A Record Half, Delivered as Planned
1H 2026 OVERVIEW A Record Half, Delivered as Planned $125.8M 9.2% $240M 1H 2026 revenue Recurring Revenue FY2026 Committed Revenue1 Record half-year revenue 4,100 active software-enabled devices 111% of FY2025 Revenue Up 74% ($72.3M in 1H 2025) $11.5M, up 229% ($3.5M in 1H 2025) $176M at same point
Slide 6: Building the Company to Match the Opportunity
CEO PERSPECTIVE Building the Company to Match the Opportunity 1 A record half, delivered Revenue of $125.8M (up 74% on PCP). Recurring revenue of 9.2%, over 3x that of 1H 2025. Hardware wins the deal, software compounds the value. 2 A deliberate investment period New production facility, ERP impleme
Slide 7: Counter-UxS Has Moved from Niche Capability to Core Defence Spend
MARKET CONTEXT Counter-UxS Has Moved from Niche Capability to Core Defence Spend Doctrine has The threat is Budgets are shifted proven daily structural C-UxS is not a static solution. Rapid Increasing reports of incursions C-UxS is now an embedded feature technological advances in drones at airports
Slide 8: 1H 2026 Highlights
02 1H 2026 Highlights Leading the world in intelligent counter-drone technology 8
Slide 9: 1H 2026 Financial Highlights
FINANCIAL HIGHLIGHTS 1H 2026 Financial Highlights Delivered headline growth with continued investment in next generation product, people and processes 1H 2026 1H 2025 PCP change Commentary ▪ Strong top line growth via expanding and repeating orders Revenue $125.8M $72.3M 74% ▪ Supports FY2026 outl
Slide 10: 1H 2026 Revenue Contribution
REVENUE SOURCES 1H 2026 Revenue Contribution Continued focus on geographic revenue diversification, with advances in recurring subscription and non-military revenue sources By Region By Type By Segment Warranties Asia-Pacific & Services On the Move & Fixed Site 4% 9% Non-Military LATAM, MENA Hardwar
Slide 11: On Track for FY2026 Revenue Outlook
COMMITTED REVENUE On Track for FY2026 Revenue Outlook Committed Revenue of $240M, up 36% on PCP and 89% to 96% of FY2026 Revenue Outlook FY2026 Committed Revenue ($M) ▪ Committed Revenue is primary evidence to demonstrate revenue outlook, with sales orders 250 240 converted progressively to revenue
Slide 12: Continuous Revenue Growth
REVENUE GROWTH Continuous Revenue Growth Historic 5 Year CAGR of 113% from a very low base during a “coming of age” awareness in counter-drone ▪ DroneShield’s strategy is to have counter-drone Revenue ($M) solutions that match the changing technology, 250-270 growing prevalence and increasing spendi
Slide 13: Increased Expenses to Match Business Needs
COST BASE Increased Expenses to Match Business Needs In scaling, there has been an increase in key expense categories to support current and future growth Employee Benefits Sales & Marketing Corporate & Professional Business Systems ▪ 30 June 2026: 537 employees (vs ▪ Increased ahead of next-gen ▪ A
Slide 14: Investing Ahead of the Growth
BALANCE SHEET Investing Ahead of the Growth $180M $85M $40M Cash and Term Deposits Inventory Research & Development Raw materials $66M (up $13M in 6 months), Spend for 1H 2026 As at 30 June 2026 with deliberate growth in CPU, GPU and SDR Ongoing investment in tooling and workforce No borrowings comp
Slide 15: Maturing Governance and Structure for a Larger Company
GOVERNANCE Maturing Governance and Structure for a Larger Company An important 6-month period in renewing, investing and uplifting ahead of the next phase of growth Renewing Investing Uplifting Leadership & Board in People & Systems Policies & Procedures Head Office (10%) Operations (19%) Technology
Slide 16: Growth Platform
03 Growth Platform Leading the world in intelligent counter-drone technology 16
Slide 17: Multi-Layered Counter-UxS Ecosystem
COUNTER-DRONE LAYERS Multi-Layered Counter-UxS Ecosystem C-UxS is not a product. It's a system designed around the end-user, the area of operation, and the threat “There is no silver bullet to protect against drones”1 DroneShield Solutions LAYER RF Detect & Defeat 1 DroneShield Flagship Sensors & Ef
Slide 18: Entering Phase 3 of Counter-Drone Evolution
COUNTER-DRONE EVOLUTION Entering Phase 3 of Counter-Drone Evolution Since its inception DroneShield has been at the forefront of innovation in counter-drone thematics, investing ahead of the curve and leading the industry into the next phase. The future is no different Phase 1 Phase 2 Phase 3: Outlo
Slide 19: Launch of RfAI-3 and RfRecon
PRODUCT ROADMAP Launch of RfAI-3 and RfRecon The start of the next-generation in DroneShield’s solutions RfAI-3 Platform RfRecon Production and Full-Generation Unveiled Launched Revenue Refresh 3rd generation RF Flagship next-generation Scaled production Further hardware releases intelligence softwa
Slide 20: Our Moat: Fielded Systems, Data and Sovereign Trust
COMPETITIVE POSITION Our Moat: Fielded Systems, Data and Sovereign Trust Hardware AI-Driven Software Trust Thousands of systems deployed with Ten years of real-world counter-drone Five Eyes and NATO-aligned export end-users. Fielded systems and experience and engagement data. approvals and security
Slide 21: Governments: Unlocking Funding and Regulations
C-UxS THEMATICS Governments: Unlocking Funding and Regulations Worldwide acknowledgement of the drone threat has been met with governments unlocking significant funding and regulations USA Europe & UK ▪ 2027 budget request: ▪ NATO commitment for US$40B in counter-drone capabilities over next 5 years
Slide 22: Commercial: The Imperative Beyond the Battlefield
C-UxS THEMATICS Commercial: The Imperative Beyond the Battlefield Escalating and recurring incidents across public safety, critical infrastructure and commercial settings Commercial Drone Threats 100+ Airport drone reports every month in the U.S. 3,000+ Drone incidents near U.S. airports 1,712 Priso
Slide 23: Outlook
04 Outlook Leading the world in intelligent counter-drone technology 23
Slide 24: Five Growth Priorities for 2H 2026
2H 2026 PRIORITIES Five Growth Priorities for 2H 2026 Growth from committed revenue, production 1 Deliver FY2026 guidance and deliveries in-line with $250M-270M outlook Growth in H2 margin, without one-off stock 2 Recover gross margin trajectory impairments, and with more software Growth in end-user
Slide 25: DroneShield Thesis
WHY DRONESHIELD DroneShield Thesis Counter-UxS is now core, multi-year funded Structural Demand defence spend across NATO and allied markets $240M FY2026 Committed Revenue underpins Committed Revenue FY2026 revenue guidance of $250M-$270M RfAI-3 intelligence and RfRecon is the start of next Platform
Slide 26: Appendix
APPENDIX Australia Registered Office U.S. Office European Office DroneShield Limited DroneShield LLC DroneShield B.V. Level 5, 126 Phillip St 7140-B Farm Station Rd Herengracht 420 Sydney NSW 2000 Warrenton, VA 20187, USA 1017BZ Amsterdam, Netherlands 26
Slide 27: Reconciliation of Statutory to Underlying Metrics
APPENDIX: EARNINGS BRIDGE Reconciliation of Statutory to Underlying Metrics $000 1H2026 1H2025 FY2025 Statutory profit/(loss) after income tax (32,231) 2,123 3,521 2.6 Less: Income tax (benefit)/expense (1,005) 3,078 (2,270) 8.7 -12.4 Less: Net interest income (3,313) (3,952) (7,333) 3.7 Add:
Slide 28: FIFA World Cup 2026 – Kansas City
APPENDIX: CASE STUDY FIFA World Cup 2026TM – Kansas City DroneShield’s mission: Support public safety and airspace security operations during the FIFA World Cup 2026 in Kansas City ▪ Seven multi-site drone detection deployments, providing persistent airspace awareness ▪ Layered sensing architecture
Slide 29: Multi-Layered Solutions in Effect
ILLUSTRATIVE EXAMPLE Multi-Layered Solutions in Effect We work with end-users to define their counter-drone requirements and deliver interoperable, multi-layered solutions tailored to their environment Example configuration. Diagram not to scale. 29
Slide 30: Glossary of Terms
APPENDIX: GLOSSARY Glossary of Terms Key acronyms used in drone and counter-drone ecosystem BVLOS Beyond Visual Line of Sight ITAR International Traffic in Arms Regulations (U.S.) C2 Command-and-Control (software and interface) OTM On The Move C-UAS Counter Unmanned Aerial Systems RF Radio Frequency