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Highlights

  • Bell Potter analyst Daniel Laing issues Buy rating with AUD 3.70 target (+19.35%).

  • Shaw and Partners analyst Ahmad Akra issues Buy rating with AUD 3.60 target (+16.13%).

  • Inclusion in S&P/ASX 200 Index effective 22 September 2025.

  • Record 1H25 results: revenue AUD 72.3m, profit after tax AUD 2.1m.

  • Expanding global footprint with new offices and scaled manufacturing.

DroneShield Limited (ASX: DRO) has received a confidence boost from analysts, with both Bell Potter Securities (Institutional) and Shaw and Partners assigning the company a ‘Buy’ rating.

Analyst Endorsements

Bell Potter analyst Daniel Laing reaffirmed DroneShield with a Buy recommendation and set a target price of AUD 3.70, representing a potential upside of over 19% from current levels. Similarly, Shaw and Partners’ analyst Ahmad Akra maintained a Buy rating with a price target of AUD 3.60, implying a potential gain of more than 16%.

The twin endorsements come as DroneShield continues to improve its position as one of Australia’s most promising defence technology companies.

ASX 200 Inclusion – A Milestone in Recognition

DroneShield’s inclusion in the S&P/ASX 200 Index, effective 22 September 2025, marks another significant milestone for the company. The ASX 200 represents around 89% of Australia’s equity market by capitalisation and serves as the primary benchmark for institutional investors.

This development underscores DroneShield’s rapid rise, joining other indices such as the Mirae Asset Global X Defence Tech Index, the Global X Defence Tech ETF, the MSCI Global Small Cap Asia Pacific Australia Index, the All Ordinaries, and the S&P/ASX 300 Index. 

Record-Breaking Financial Performance

DroneShield’s latest results have reinforced analyst optimism. For the first half of FY25, the company reported:

  • Record revenue of AUD 72.3 million

  • Customer cash receipts of AUD 60.7 million

  • Profit after tax of AUD 2.1 million

This represented a 210% surge in revenue and 185% growth in cash receipts compared to the prior year.

Momentum has carried into the second half of FY25, with AUD 114.4 million in recognised revenue year-to-date and AUD 100.9 million in cash receipts as of 14 August 2025. 

Growth Strategy and Outlook

DroneShield continues to pursue a dual approach of immediate delivery and long-term innovation. The company’s AI-driven product and technology strategy is creating immediate customer value while also laying the foundation for its broader technical ambitions.

Recent expansion has included the opening of a European sales office, scaling the engineering workforce, and accelerating manufacturing capabilities with plans to increase annual production capacity nearly fivefold to AUD 2.4 billion.

The ‘Buy’ ratings from both Bell Potter’s Daniel Laing and Shaw and Partners’ Ahmad Akra reflect market confidence in DroneShield’s growth story, underpinned by record-breaking results and strategic expansion.

As DroneShield secures a place in the ASX 200 and expands its global footprint, analysts remain bullish on its ability to deliver sustained value for investors.