DroneShield Ltd (ASX: DRO) shares are sliding today.
Shares in the S&P/ASX 200 Index (ASX: XJO) AI-powered drone defence stock closed on Friday trading for $1.61. In morning trade on Monday, shares are swapping hands for $1.58 apiece, down 2.2%.
For some context, the ASX 200 is up 0.2% at this same time.
That's today's price action for you.
Now here's the latest top leadership news.
Image source: Getty Images
DroneShield shares get new non-executive director
In a market announcement this morning, deemed non-price sensitive to DroneShield shares, the company reported the appointment of Lynne Saint as a non-executive director. Saint will step into the role on 24 November.
Saint currently serves on the board of Nufarm Ltd (ASX: NUF) and Ventia Services Group Ltd (ASX: VNT), where she chairs the Audit, Risk and Compliance Committee and is a member of the Nominations Committee, People and Remuneration Committee, and Safety and Sustainability Committee.
DroneShield chairman Hamish McLennan noted that the appointment is further evidence of the board's renewal process.
McLennan said:
I welcome Lynne's appointment to the DroneShield Board where her deep experience across audit, financial leadership, enterprise risk, supply chain risk and project management will be valuable as part of the strategic oversight and governance as the company continues to scale and expands its global footprint.
Saint added:
DroneShield is an impressive Australian technology company operating in a strategically important and rapidly evolving global industry.
I am delighted to be joining the Board at this stage of the company's development, and I look forward to contributing my skills and experience as it continues to grow.
What's the latest from the ASX 200 drone defence stock?
With today's intraday moves factored in, DroneShield shares are down 59.6% since this time last year.
The ASX 200 drone defence stock released its half-year results (H1 2026), covering the six months to 30 June, on 26 August.
Highlights included all-time high first-half profits of $125.8 million, up 74% from H1 2025.
But things weren't so rosy on the earnings front.
DroneShield reported an underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) loss of $12.4 million for the half year, down from a positive EBITDA of $8 million in the prior corresponding half.
The company said the loss was driven by "a period of planned investment in production capacity, product development, organisational systems and management capability to support larger global operations".
On the bottom line, DroneShield's statutory net loss after tax of $32.2 million was down from the $2.1 million profit reported in H1 2025.
DroneShield shares closed down 11% on the day of the results release.
