Home / Sector / Technology Shares / DroneShield posts record revenue and unveils leadership changes

DroneShield posts record revenue and unveils leadership changes

DroneShield posts record revenue and announces CEO and Chairman changes in its latest update.

Posted by
Laura Stewart
Author bio Laura Stewart is a Finance Editor at The Motley Fool, where she covers Australian and international equity markets. She joined the company in 2022, following a career transition from legal advisory work in Southeast Asia into the investment industry. Prior to her current editorial role, Laura spent three years as an Equity Analyst and Writer, producing investment research across the ASX, NYSE, and NASDAQ. Her coverage included small-cap growth companies, thematic investment ideas, and high-quality U.S.-listed businesses. Laura holds a Master of Applied Finance and brings additional expertise in accounting, taxation, and estate and wealth planning from her postgraduate studies. She also has a background in law and communications, which supports her analytical and reporting work in financial markets. Outside of work, she enjoys spending time in the Adelaide Hills with her flock of sheep. Education Laura holds a Bachelor of Laws, a Bachelor of Communication (Journalism), and a Bachelor of Commerce with majors in Accounting and Corporate Finance. In 2025, she completed a Master of Applied Finance at the University of Adelaide, receiving postgraduate awards in Accounting Concepts & Methods, Ethical Principles in Accounting & Finance, Real Estate Valuation & Investment, and Tax, Estate & Wealth Planning. Social media LinkedIn FYI – I am taking a break from social media at the moment, so this account isn’t active at the moment, but I will let you know when I rejoin. Favorite investment quote "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein
Published
| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The DroneShield Ltd (ASX: DRO) share price is in focus after the company announced record quarterly revenue of $63 million and all-time high customer cash receipts of $77 million for the March quarter, reflecting strong growth momentum.

A group of young ASX investors sitting around a laptop with an older lady standing behind them explaining how investing works.

Image source: Getty Images

What did DroneShield report?

  • Quarterly revenue of $63 million for Q1 FY26, up 87% year-on-year
  • All-time record customer cash receipts of $77 million in Q1 FY26, up 361% year-on-year
  • Total committed revenue for FY26 to date stands at $140 million
  • FY25 revenue was $216.5 million, rising 276% from FY24
  • Underlying profit before tax (FY25): $33.3 million; net cash from operations: $15.9 million

What else do investors need to know?

DroneShield announced a significant leadership transition, with long-serving CEO Oleg Vornik stepping down after more than a decade, and Chairman Peter James retiring from the board. Angus Bean, previously Chief Product Officer, has started as the new Managing Director and CEO, bringing deep knowledge of the business having helped build DroneShield's core technologies and engineering team.

Hamish McLennan will join as Independent Non-Executive Director and Chairman-Elect from 1 May 2026, taking over as Chairman after the upcoming AGM. The board emphasised that strengthening governance and supporting further growth are key priorities amid robust demand for counter-drone technology.

What's next for DroneShield?

DroneShield is focused on capitalising on the global growth in demand for counter‑drone solutions. The board transition – including fresh leadership for both CEO and Chairman – is intended to maintain the company's growth trajectory and bolster operational maturity as it scales further in Australia and overseas.

The company's strong order pipeline and emphasis on technology innovation position it well for FY26 and beyond. Investors can expect further updates at the company's AGM and with future trading updates.

DroneShield share price snapshot

Over the past 12 months, Droneshield shares have risen 353%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 16% over the same period.

View Original Announcement

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and is short shares of DroneShield. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

More on Technology Shares

Happy investor on tablet with finance graphs rising in overlay.
Technology Shares

WiseTech shares are taking off: Is this the start of a major comeback?

| Marc Van Dinther

Strong FY26 results could trigger a major WiseTech valuation rethink.

Read more »

A couple sit in front of a laptop reading ASX shares news articles and learning about ASX 200 bargain buys
Earnings Results

FINEOS swings to profit in 1H26

| Laura Stewart

FINEOS posted higher revenue, swung to profit, and outlined growth plans.

Read more »

Two IT professionals walk along a wall of mainframes in a data centre discussing various things
Technology Shares

Megaport shares are up more than 100% in 3 months. Are they still a buy?

| Cameron England

Can the AI hype drive this stock even higher?

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Broker Notes

Up 250%! Broker tips this dividend paying ASX All Ords tech stock for more outsized gains

| Bernd Struben

A top broker forecasts more outperformance from this dividend paying ASX tech stock.

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Technology Shares

Bravura Solutions FY26 earnings: Revenue, profit, and dividends climb

| Laura Stewart

Bravura Solutions surged 13% yesterday after releasing the result.

Read more »

A line up of job interview candidates sit in chairs against a wall clutching CVs on paper in an office setting.
Technology Shares

Seek shares plunge 14% despite solid results: Did investors overreact?

| Marc Van Dinther

The market may be pricing in slower growth, weaker guidance and long-term AI disruption.

Read more »

Man analysing data on his laptop.
Technology Shares

Why this could be the best ASX tech stock to buy and hold

| Grace Alvino

Xero already has almost five million customers, but I think there is still plenty of room for the business to…

Read more »

Businesswoman with a pleased smile reading on her laptop at a desk in the office with a look of satisfaction.
Technology Shares

Pro Medicus lands $23m St. Luke's Health System imaging contract

| James Mickleboro

St. Luke’s Health System is Idaho’s largest private employer and not-for-profit healthcare provider.

Read more »