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Highlights

  • FY25 revenue from existing contracts expected at AUD 115–125 million.
  • Contract backlog increases to AUD 299 million, with additional opportunities under review.

Electro Optic Systems Holdings (ASX:EOS) is an Australian company providing advanced defence and space technology systems, including weapon systems, ISR, C4, counter-UAS, and space tracking solutions.

FY25 Revenue Guidance

EOS reported revenue of AUD 44.1 million for the first half of FY25 and noted that full-year revenue is expected to be weighted towards the second half. The company confirmed that this forecast aligns with current operations and ongoing contract execution. Work has continued on products secured under existing customer contracts, with steps completed to generate revenue during FY25. EOS is also pursuing new orders, including advanced opportunities that could contribute to revenue in FY25.

Key Contracts and Opportunities

Key new and ongoing opportunities include the Land 400-3 remote weapon system (RWS) in Australia, valued at approximately AUD 100 million, with deliveries primarily in 2026 and 2027; a European RWS opportunity, valued at approximately AUD 20 million, to be delivered within six months; and Slinger counter-drone RWS for a North American customer, valued over AUD 50 million, with expected delivery within 12 months.

Management Comments

Management cautioned that the timing of new orders can be uncertain, noting some previously advanced opportunities have been delayed. These delayed contracts are now expected to be signed in the fourth quarter of FY25 or during FY26.

Based on current contracts, EOS now expects full-year revenue in FY25 to range between AUD 115 million and AUD 125 million. Additional orders under pursuit could add around AUD 25 million if finalized in time. The company also reported that its contract backlog has increased to AUD 299 million, up AUD 163 million since 31 December 2024. Beyond secured contracts, EOS continues to work on converting its extensive pipeline of sales opportunities into signed agreements.

Market Reaction

Following the announcement, EOS shares reached a record intraday level of AUD 8.93, reflecting investor interest in the company’s contract progress and revenue updates. The company continues to highlight both current achievements and potential future opportunities while cautioning that timing of revenue recognition and contract finalization may vary.

Shares of EOS traded at AUD 9.36, up 12.16% at the time of writing on 29 September 2025.