Technology

The story is one of rapid revenue growth and a strategic pivot toward integrated, higher-value counter-drone systems — set against the execution risk that comes with a fast-expanding defence order book.

Weebit Nano (ASX:WBT) occupies a distinctive position on the ASX, offering exposure to the global semiconductor industry through intellectual property rather than chip manufacturing.

Megaport (ASX:MP1) occupies an important layer of global digital infrastructure, providing the connections that allow businesses to move data between their own systems, data centres and public-cloud environments.

Codan (ASX:CDA) has developed into a diversified technology manufacturer with positions across secure communications and metal detection.

• Key metrics includeRecurring Revenuegrowth, ARR, customer retention and underlying cash generation

• Secured $1.3m for lung CT scanner research and a $1.3m DHS Checkpoint contract extension

• Underlying EBITDA was $4.6m in FY25 as theBusinessscales toward operating leverage