Highlights

  • AVA operates across Detect, Access and Illuminate security technology segments.
  • FY26 Revenue and other income was $28.8 million with underlying EBITDA remaining positive.
  • The company entered FY27 with a $6.8 million sales order Backlog including contracted recurring revenue.
  • AVA expanded focus across defence, aviation, rail, energy and critical infrastructure markets.

AVA Risk Group Limited (ASX:AVA) is a global security technology company providing solutions to protect critical and high-value Assets and infrastructure. The company operates through three Business segments: Detect, Access and Illuminate, delivering fibre optic sensing systems, biometric and electronic security products, and illumination and detection technologies. During FY26, AVA focused on strengthening its commercial capabilities, expanding market opportunities and positioning its technology platforms for future growth.

FY26 Performance and Technology Platform Development

AVA reported revenue and other income of $28.8 million for FY26, compared with $31.7 million in FY25. The company stated that several significant project orders moved into FY27, affecting reported revenue and Earnings timing.

Underlying EBITDA remained positive at $0.1 million, while consolidated gross Margin remained at 63%. The statutory loss after tax was $3.2 million, improving from the previous year.

At 30 June 2026, AVA held a cash balance of $5.3 million and sales order backlog of $6.8 million, including $2.6 million of contracted annual recurring revenue.

The company continued investing in its technology platforms, particularly Aura Ai-X fibre sensing capability, which is being applied across perimeter security, aviation, rail, telecommunications, energy and sovereign infrastructure applications.

AVA also strengthened its Leadership team with the appointment of Bryant Henson as Group Chief Executive Officer. The company stated that the appointment supports expansion across United States and international markets.

Expansion Across Defence and Critical Infrastructure Markets

AVA continued developing opportunities across several security-focused markets during FY26.

In the United States, the company identified federal, defence, corrections, government and critical infrastructure as strategic priorities. FY26 Americas order intake was $6.2 million, with additional energy and government opportunities carried into FY27.

In aviation, AVA completed paid PIDS trials at Canberra and Cairns airports and commenced trials at Melbourne and Perth. The company identified an Australian aviation pipeline for FY27.

The Sydney Metro deployment with UGL provided a reference installation for Aura Ai-X corridor intrusion and obstacle detection technology. AVA successfully tested object-detection capability on the live rail corridor during FY26.

The company also continued collaboration with Telstra, including deployment of Aura Ai-X technology on a subsea cable in northern Sydney to demonstrate protection of telecommunications infrastructure.

In the Indian energy sector, AVA completed a $2.7 million fibre sensing technology deployment for a critical pipeline, supporting further opportunities across energy infrastructure.

Commercial Partnerships and FY27 Priorities

AVA continued expanding its commercial channels across its Detect, Access and Illuminate segments.

Within Access, BQT entered into a five-year Master Supply and Services Agreement with UniKey to co-develop five next-generation NFC/BLE reader form factors. The agreement includes minimum purchase commitments and is anticipated to generate revenue over the five-year term, subject to successful completion of the products.

AVA also expanded relationships with channel partners, including dormakaba distribution networks, to support market access for its refreshed reader portfolio.

For Illuminate, the company is focused on distributor and OEM relationships, expansion in the United States and cross-selling opportunities through its existing Detect customer base.

FY27 priorities include converting the opening backlog and delayed opportunities into revenue, expanding the United States market presence, scaling Detect applications, commercialising Access products and maintaining gross margins within the targeted range.

AVA identified risks including intellectual property protection, supply chain disruption, project delays, competition and the ability to attract skilled personnel.

Key Insights

AVA Risk Group is progressing its security technology strategy through fibre sensing, access control and illumination solutions across critical infrastructure markets. FY26 focused on strengthening commercial capabilities, expanding partnerships and preparing for revenue conversion in FY27.