Highlights

  • Boresight (ASX:BST) closed at AUD 0.36 on 10 August 2026, down 5.33% or AUD 0.020 during the session.
  • The company listed on the ASX in June 2026 following an AUD 8.0 million initial public offering.
  • Boresight reported unaudited FY2026 revenue of approximately AUD 6.7 million, up from AUD 4.36 million in FY2025.
  • The company supplies target drone systems and has delivered products to defence customers across multiple countries.

Boresight (ASX:BST) is a Canberra-based defence technology company focused on developing and supplying target drones, uncrewed aerial systems and related mission-control technologies.

The company designs low-cost “attritable” target drones used for military Training , including systems designed to replicate aerial threats for live-fire exercises and counter-drone capability development.

Boresight closed at AUD 0.36 on 10 August 2026, down 5.33% or AUD 0.020 during the session. The company continues focusing on product development, defence customer relationships and international market opportunities following its ASX listing.

ASX Listing Supports Growth Strategy

Boresight listed on the ASX on 10 June 2026 at AUD 0.20 per share, raising AUD 8.0 million before costs.

Following the listing, the company reported approximately 209 million shares on issue, along with approximately 34.2 million Options with a 25-cent exercise price and five-year expiry.

The Capital raised is being used to support Business development, Manufacturing capability, product development and operational requirements.

As a recently listed defence technology company, Boresight remains focused on expanding commercial relationships and converting market opportunities into recurring revenue.

Target Drone Products Support Defence Training Applications

Boresight (ASX:BST) develops target drone systems designed to support military training and testing activities.

The company’s product portfolio includes the BQ-400 target drone, which is designed for repeated defence exercises and counter-drone training scenarios.

Boresight reported a 12-month contract to Supply BQ-400 target drones to Australian Defence Force units.

The company also confirmed delivery of its first BQ-400 order to an Italian customer, supporting its expansion into international defence markets.

International Expansion and Product Development

Boresight has continued expanding its defence technology offering through new products and international initiatives.

The company has highlighted participation in Project LAND 156, Australia’s counter-drone training initiative, along with involvement in sovereign uncrewed aerial system development activities.

Boresight has also outlined plans for a manufacturing Facility in Huntsville, Alabama, aimed at increasing production capacity in the United States.

The company is developing additional products, including the BF-100 fixed-wing target drone expected around September 2026 and an upgraded BQ-750 Block 2 target system.

Financial Performance and Balance Sheet Position

Boresight reported unaudited FY2026 revenue of approximately AUD 6.7 million, compared with AUD 4.36 million in FY2025.

Fourth-quarter revenue was approximately AUD 2.44 million, while deferred revenue of approximately AUD 941,000 was expected to be recognised in FY2027.

The company reported cash of approximately AUD 7.88 million as at 30 June 2026 and no Debt .

Boresight has stated that it has sold more than 6,000 target drones since 2020 to approximately 15 militaries across 12 countries, including Australia, the United States, the United Kingdom and Canada.

Defence Market Opportunity

Boresight operates within the broader defence technology market, where Demand for drone and counter-drone capabilities has increased.

Military organisations are investing in systems that support uncrewed aerial training, threat simulation and operational readiness.

Target drones provide defence forces with lower-cost platforms for testing and training activities.

However, defence procurement cycles can involve lengthy approval processes, government budgeting decisions and contract timing considerations.

Outlook

Boresight’s near-term priorities include expanding defence customer relationships, progressing manufacturing initiatives and developing additional target drone products. Key areas to monitor include repeat orders from existing customers, international deliveries, progress at the proposed Alabama facility and conversion of defence opportunities into contracted revenue. The company’s future performance will depend on execution across product development, customer Acquisition and maintaining operational capacity as it expands within the defence technology sector.