All posts by katiepaynter

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) provides the following update on its Q3
FY2026 trading performance and recent milestones:

• Q3 sales order intake of $6.1 million, resulting in year-to-date sales order intake of $21.7 million.
• Sales order backlog of $6.2 million including $2.6 million in contracted annual recurring revenue. The order
  backlog consists of equipment orders and multi-year service contracts.
• Completion of the transaction with Hale Capital to secure a strategic investment in the Company of $7.0
  million via Convertible Loan Notes and up to $5.6 million via associated Warrants. Tranche 1 funding under
  the agreement of $3.0 million was received in January 2026 and Tranche 2 funding of $4.0 million was
  received in April 2026 following shareholder approval. The investment provides the Company growth capital
  with a highly aligned strategic partner to supporting U.S. expansion.
• Full year revenue guidance of $34 to $37 million, reflecting some uncertainty on the timing of orders,
  particularly from the Middle East, driven by the current regional conflict.

Ava Risk Group Acting CEO Neville Joyce commented: “While sales order intake in Q3 was slower than anticipated
we a have a strong sales pipeline and our focus is on bringing those opportunities to conclusion in Q4. I’m pleased
with the progress we have made in some key segments such as aviation, particularly in Australia, as well as sovereign
border protection and energy infrastructure.

“It is also pleasing to conclude the Hale transaction and we look forward to leveraging that partnership to grow our
position in the U.S. Coupled with our strong technology footprint, it leaves the Company well positioned to drive
revenue growth in FY2027 and beyond.”

Update on key industry segments and geographies in Q3 FY2026:

• Australian Airports Perimeter Detection: Ava Risk Group was selected to lead Australia’s most
  comprehensive enhanced Perimeter Intrusion Detection System (PIDS) validation trial at Melbourne Airport,
  supporting the Department of Home Affairs’ nationwide perimeter security directive. The trial builds on
  successful trials conducted at both Canberra and Cairns airports and will be completed in Q4 FY2026. The
  Company is also conducting a validation trial of its technology at Perth Airport which will also be completed
  during Q4 FY2026. Success in these trials creates a path for adoption of Ava’s advanced fibre optic sensing
  technology across both Australian state capital cities and additional regional airports in FY2027.
• An agreement was executed with the Australia Department of Home Affairs, Border Protection
  Technologies Panel (BPTP), recognising the Company’s fibre optic sensing solutions as suitable for
  government border security applications. This positions Ava Risk Group to access a broad and recurring
  pipeline of Commonwealth contracts, enabling streamlined procurement and faster deployment of its intrusion detection systems across critical infrastructure. Beyond immediate revenue potential, panel membership strengthens the Company’s visibility with key government stakeholders.
• Telecommunications: The Company continues to expand its strategic footprint with Telstra, including the
  demonstration of Aura Ai-X across a multi-city nationwide roadshow (Together26) conducted by Telstra
  during March and April, targeting enterprise and government customers. Additionally, Aura Ai-X will be
  deployed on a new-generation network segment in regional NSW in May 2026 to enhance the detection of
  physical network threats. Ava continues to engage with senior network security leadership, with broader
  opportunities under review following recent technology validation projects.
• A significant pipeline of key orders is expected to close in H2 FY2026 in the Middle East, associated with
  sovereign border protection and multiple energy infrastructure opportunities. The timing and fulfilment of
  these orders has been affected by the current conflict in the region. During Q3, the Company received orders
  for energy infrastructure protection ($1.0 million) which it plans to fulfil during Q4 FY2026 subject to site
  access. The expected order for sovereign border protection ($2.5 million) remains on track to proceed in
  FY26, though timing may be further affected by the current regional conflict. An additional order for $2.5
  million in the energy sector is now likely to be deferred until FY2027.
• During Q3, the Company received multiple orders for U.S. government sites ($0.5 million) some of which
  were delayed from H1 FY2026. The sales opportunity pipeline remains strong with further opportunities in
  corrections and U.S. government sites expected to close in H2 FY2026.
• The focus in Access remains on growing U.S. distribution using the dormakaba network. During March,
  Access was invited to participate in dormakaba’s PRO-Alliance meetings, dormakaba’s largest U.S. based
  marketing event showcasing their key products to their largest customers. Development of an updated
  reader range in Access was demonstrated at the U.S. ISC West Trade Show in March. This includes integration
  with Apple Wallet, enabling broader adoption of the readers.

Q4 FY2026 Outlook:

The focus in Q4 is to close and fulfill the significant sales pipeline opportunities, particularly in the Middle East and North America. Reflecting some uncertainty relating to the timing of orders in the Middle East, the Company provides full year revenue guidance of $34 – $37 million.

Update on CEO search:

The Company is actively engaged with shortlisted candidates for the CEO role. This process is expected to be finalised in H2 FY2026.

ENDS

Approved for release by Board of Directors

Ava Risk Group Limited (“AVA” or “the Company”) is pleased to announce the proposed appointment
of Rear Admiral Terence “Terry” McKnight, US Navy (Retired), as a Non-Executive Director of the
Company.

The appointment is subject to the completion of standard onboarding requirements, including the receipt of
a Director Identification Number (DIN).

Rear Admiral McKnight is the nominated board representative of Hale Capital Partners, a strategic investor
in AVA. His appointment reflects the continued alignment between AVA and Hale Capital Partners as the
Company executes its growth strategy, particularly in the United States.

Rear Admiral McKnight brings more than 40 years of distinguished leadership experience across the U.S.
Navy and the defence industry. He most recently served as Senior Vice President, Customer & Government
Relations at CAES by Honeywell, where he played a key role in driving growth across major U.S.
Department of Defense programs and strengthening relationships with government stakeholders and prime
contractors.

During his military career, Rear Admiral McKnight held a number of senior command roles, including
Commander of Expeditionary Strike Group Two and the inaugural Commander of Combined Task Force
151, leading multinational counter-piracy operations in the Gulf of Aden.

The Chairman of AVA, David Cronin, commented: “On behalf of the Board, I am delighted to welcome
Terry to AVA. His deep experience across defence, government relations and strategic program delivery
will be highly valuable as we accelerate our growth in key markets, particularly in North America. Terry
has already engaged closely with management and the Board, and we look forward to his contribution.”

Rear Admiral McKnight commented: “I am pleased to be joining the Board of AVA at an exciting time in
the Company’s development. AVA has a strong portfolio of differentiated technologies and a clear
opportunity to expand its presence in key global markets. I look forward to working with the Board and
management team to support the Company’s next phase of growth.”

Further details regarding the effective date of appointment and director interest disclosures will be provided
following completion of onboarding requirements.

This announcement has been authorised for release by the Board of Ava Risk Group Limited.

Download the EGM Results here.

Download EGM Addresses and Presentation here.

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) provides the following update on progress in its key geographies and industry segments during Q3 FY2026:

Asia Pacific:

• Melbourne Airport has selected Ava Risk Group to lead Australia’s most comprehensive enhanced Perimeter Intrusion Detection System (PIDS) trial, supporting the Department of Home Affairs’ nationwide perimeter security directive. This builds on previous successful trials conducted at both Canberra and Cairns airports. It validates Ava’s Aura Ai-X technology for government use cases, reinforces our leadership in advanced fibre optic intrusion detection, and creates a path for adoption across major Australian airports – with further commercial upside in national critical infrastructure security.
• An agreement was executed with the Australia Department of Home Affairs, Border Protection Technologies Panel (BPTP), recognising the Company’s fibre optic sensing solutions as suitable for government border security applications. This positions Ava Risk Group to access a broad and recurring pipeline of Commonwealth contracts, enabling streamlined procurement and faster deployment of its intrusion detection systems across critical infrastructure. Beyond immediate revenue potential, panel membership strengthens the Company’s visibility with key government stakeholders.
• The Company continues to expand its strategic footprint with Telstra. It has been selected as one of eight experience hubs to showcase Aura Ai-X across a multi-city nationwide roadshow during March and April, demonstrating the technology’s operational value in live network environments. Additionally, Aura Ai-X will be deployed on a new-generation network segment in regional NSW in May 2026 to enhance the detection of physical network threats. Ava continues to engage with senior network security leadership, with broader opportunities under review following recent technology validation projects.

Americas:

• The Company has received multiple orders for government sites (delayed from H1 FY2026): $0.5m.
• Additionally, Ava has received orders (delayed from H1 FY2026) for energy infrastructure in the U.S. oil and gas sector and a solar farm in Latin America: $0.4m. The sales opportunity pipeline remains strong with further opportunities in corrections and U.S. government sites expected to close in H2 FY2026.

 Middle East and Europe:

• Receipt of order for government infrastructure protection in Azerbaijan (delayed from H1 FY2026): $0.4m.
• Strong pipeline with key orders expected to close in H2 FY2026 for a Middle East sovereign border protection ($2.5m) and multiple orders for protection of Middle East energy infrastructure ($3.0m). These opportunities remain on track to proceed, though timing has been affected by the current regional conflict.
• Continued focus on airport perimeter protection in the region building on successful projects at Dubai and Morocco airports. A further opportunity is expected to close in H2 FY2026 for perimeter protection at Istanbul Airport: $0.4m.

Access and Illuminate:

• The focus in Access remains on growing distribution using the dormakaba network. During March, Access was invited to participate in dormakaba’s PRO-Alliance, dormakaba’s largest U.S. based marketing event showcasing their key products to their largest customers.
• Development of an updated reader range in Access which will be demonstrated as the U.S. ISC West Trade Show in March. This includes integration with Apple Wallet, enabling broader adoption of the readers.

 Update on CEO search:

• The Company is actively engaged with shortlisted candidates for the CEO role, leveraging its relationship with Hale Capital to identify and evaluate candidates. This process is expected to be finalised in H2 FY2026.

ENDS

Approved for release by Board of Directors

For further information, please contact:

Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

About Ava Risk Group
Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and infrastructure. It operates three business segments – Detect, Access and Illuminate. The Detect segment manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. Illuminate specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors.  Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military and government clients in the world. www.theavagroup.com

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) announces its half year results for the six months
ended 31 December 2025.

Highlights

• Group revenue of $14.1 million, down from $17.1 million in the previous corresponding period (pcp),
  reflecting delays in major Detect segment projects now expected in H2 FY2026
• Sales order intake of $15.6 million with continued progress in key verticals – sovereign border protection,
  airport perimeter protection, and transportation
• Group Underlying EBITDA of ($0.2 million), driven by the shortfall in revenue, expected to improve in H2
• Sales order backlog of $7.8 million, including $2.6 million in contracted annual recurring revenue.
• Cash balance of $2.7 million at 31 December 2025
• Secured strategic investment from Hale Capital, of up to $7.0 million via Convertible Loan Note and up to
  $5.6 million via associated warrants, providing the Company with growth capital to support U.S. expansion.

Revenue was softer than expected driven by delays to some key orders that are now expected to be received in H2
FY2026. The Company remains focused on developing its sales opportunity pipeline in key industry verticals and
growing its recurring revenue base.

Read full H1 FY2026 Results Announcement

Download Investor Presentation 

Review Appendix 4D and Consolidated Results Report

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) will release its half year results for the six months ended 31 December 2025 on Wednesday 25 February 2026.

Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets an infrastructure.

Chairman David Cronin and Acting CEO Neville Joyce will host a Zoom webinar to present the results at 9:30am AEDT on the same day.

To register for the webinar, please follow the link below.

• Date & Time: Wednesday 25 February at 9:30am AEDT
• Zoom link: https://us06web.zoom.us/webinar/register/WN_2rJGbgFMRHSJEGhLZ_PD2Q

ENDS

This announcement is authorised for release by the Chief Financial Officer.

For further information, please contact:

Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

About Ava Risk Group

Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and infrastructure. It operates three business segments – Detect, Access and Illumination. The Detect segment manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. Illumination specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors. Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military and government clients in the world. www.avariskgroup.com

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) provides the following update on its Q2

FY2026 trading performance:

• Q2 sales order intake of $6.6 million, resulting in H1 sales order intake of $15.6 million.
• Expected H1 FY2026 revenue of $14.0 million, below the guidance range. The shortfall in forecast revenue is due to the delay in a number of orders now expected to be received in Q3 FY2026.’
• H2 revenue guidance of $23.0 to $26.0 million, resulting in full year revenue of $37.0 to $40.0 million. The significant increase in H2 revenue is due to the expected fulfilment of orders delayed from H1 and some key large program orders expected in H2.
• Sales order backlog of $7.8 million including $2.6 million in contracted annual recurring revenue. The order backlog consists of equipment orders and multi-year service contracts.
• Execution of binding agreements with Hale Capital to secure a strategic investment in the Company of up to $7.0 million via a Convertible Loan Note and up to $5.6 million via associated Warrants. The investment provides the Company growth capital with a highly aligned strategic partner to supporting U.S. expansion.

Ava Risk Group Acting CEO Neville Joyce commented: “Revenue in H1 was softer than expected driven by delays to some key orders that are now expected in H2. While these delays are frustrating, we remain confident of the underlying demand and expect these orders to be received and fulfilled in H2. Additionally, we made some significant progress on a number of large program tenders which are expected to translate to orders during H2. With a robust sales pipeline, including a number of large program opportunities, we are well positioned for a significant improvement in H2 revenue.”

Comparison to previous Revenue Guidance

Expected revenue for H1 FY2026 is approximately $14.0 million, lower than previous revenue guidance of $17.0 – $18.2 million. The shortfall is driven by delayed orders for a number of key programs:

• Program for deployment of Aura Ai-X to corrections facilities in the U.S. – $1.0 million in revenue.
• Two orders for deployment of detection systems to U.S. government sites, delayed in part due to U.S. government shutdown earlier in H1 which has impacted the timing of procurement decisions – $0.7 million. Additional systems expected to be deployed to a major Australian transport infrastructure project – $0.6 million.
• Two programs for the deployment of detection systems to energy infrastructure in the U.S. and Asia now expected in H2 – $0.7 million.
• Initial order for some equipment as part of a broader border protection project in the Middle East. Both the initial order and the larger program order are now expected in H1 – $0.4 million.

The Company expects to receive and fulfill these orders in H2 FY2026.

Additionally, the Company has progressed a number of large program tenders which are expected to be finalised as sales orders in H2. The Company expects to fulfill these programs in H2, a key driver of the forecast improvement in H2 revenue.

• Sovereign border protection program in the Middle East – $2.5 million.
• Oil and Gas infrastructure protection in the Middle East, building on the Company’s previous successful deployment of systems to this customer – $2.2 million.
• Oil and Gas infrastructure protection to a new customer in the Middle East – $1.0 million
• Australian transport infrastructure program, building on the Company’s success on the Sydney Metro project – $0.8 million.
• Solar farm perimeter protection in Latin America – $0.4 million.

Update on binding Agreements with Hale Capital for strategic investment

As announced on 31 December 2025, Ava Risk Group entered into binding agreements with Hale Capital to secure a strategic investment of up to $7.0 million via a Convertible Loan Note and up to $5.6 million via associated Warrants. The funding will be used to provide growth capital including support for the Company’s expansion in the U.S., AVA’s largest and most attractive addressable market.

During January the Company has been working with Hale Capital to satisfy the conditions precedent to the financial close of the transaction. Upon financial close, the Company will have immediate access to $2.98 million via the issue to Hale Capital of convertible notes, referenced in the Agreements as Tranche 1 Commitment. The Company expects to achieve financial close and receive Tranche 1 funding during January.

Subject to shareholder approval, the Company will have access to a further $4.02 million of funding via the issue to Hale Capital of convertible notes, referenced as Tranche 2 Commitment. The Company expects to convene a special meeting of shareholders in March (date to be confirmed) seeking shareholder approval for the Tranche 2 Commitment.

H1 FY2026 Financial Results

Ava Risk Group will release its financial results for the half year ending 31 December 2025 on Wednesday 25 February 2026. Details of an investor webcast will be provided to the market in due course.

ENDS

Approved for release by Board of Directors

For further information, please contact:

About Ava Risk Group

Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and infrastructure. It operates three business segments – Detect, Access and Illuminate. The Detect segment manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. Illumination specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors.  Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military and government clients in the world. www.avariskgroup.com

AVA Risk Group Limited (ASX: AVA) (“AVA” or the “Company”) is pleased to announce that it has entered into
binding agreements with Hale Capital for a strategic investment of up to A$7.0 million via a Convertible Loan Note
and up to A$5.6 million via associated Warrants (the “Transaction”).

The Transaction provides AVA with growth capital and a highly aligned strategic partner to support the Company’s
U.S. expansion strategy, AVA’s largest and most attractive addressable market.

HIGHLIGHTS

• Maximum funding: AVA has secured, subject to obtaining shareholder approval, a maximum funding of A$7m
  and A$5.6m respectively pursuant to a secured 4 to 5-year unlisted convertible note financing facility and
  warrant deed entered into with US-based investment manager, Hale Capital Management and its affiliates
  (Hale).
• Convertible Note: conversion price of A$0.1234 per ordinary share. The conversion price is a 81% premium to
  AVA’s last closing share price on 30 December 2025.
• Warrants: Subject to shareholder approval, AVA proposes to issue 5-year unlisted warrants to raise up to
  A$5.6m (if exercised). Exercise price of A$0.1234 is a 81% premium to AVA’s last closing share price on 30
  December 2025.
• Board Appointment: Hale intends to nominate an experienced industry executive to join AVA’s Board of
  Directors, expected to occur in early 2026.

Read full announcement here.

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to announce that its Access Control division, BQT Solutions (BQT), has entered into a Master Supply and Services Agreement with UniKey Technologies, Inc. (“UniKey”), a leading U.S. mobile-credential and smart-access technology company headquartered in Orlando, Florida.

Under the Agreement, BQT and UniKey will co-develop a new range of NFC/BLE access control readers. The contract provides for minimum purchase commitments by UniKey over a five year period and it is anticipated to generate revenue for BQT of $4.6 million (US$3.0m). Design work under the contract will commence immediately.  The provision of any equipment under this contract is conditional upon the successful completion of the co-developed readers, expected to occur in H2 FY2026.

Highlights of the Agreement

• Joint development of five new form factors covering the next generation of high-frequency access control readers.
• Products support DESFire EV3, Apple & Google Wallet, NFC, BLE mobile credentialling, Wiegand, OSDP v2 secure channel and AES-256 encryption.
• BQT receives an exclusive supply position for UniKey in the North American market for the Co-Developed Readers. The contract provides BQT with minimum purchase commitments to aid production planning and expected revenue generation.
• BQT retains Rest-of-World distribution rights, enabling global expansion of the new reader range under the BQT brand.
• Structured pricing with defined manufacturing margins and quarterly cost review mechanisms ensures sustainable profitability for BQT.

Strategic Rationale

The Agreement positions BQT as a key hardware partner for UniKey, whose mobile credential platform powers millions of daily unlock events and is embedded in leading smart-home and commercial ecosystems.

The co-development program brings together:

• UniKey’s world-class mobile credential and NFC/BLE firmware expertise, and
• BQT’s proven industrial design, hardware engineering, and manufacturing capability.

This collaboration accelerates AVA’s strategic objective of expanding BQT’s product portfolio into next-generation, wallet-enabled, high-frequency readers that meet the rapidly increasing market demand for secure mobile and NFC credentials.

The minimum purchase commitments, combined with the territory exclusivity for North America, create a highly predictable revenue stream and strong visibility of future manufacturing volumes.

Market Opportunity

Mobile-first access control is one of the fastest-growing segments of the global security industry.
In North America alone, industry analysts forecast:

• 20%+ CAGR for mobile and wallet-based credential adoption,
• increasing migration from 125kHz technology to DESFire EV3 and NFC Wallet solutions, and
• major enterprise and government customers actively replacing legacy readers.

The Agreement enables BQT to rapidly scale its footprint with a modern reader portfolio, with a globally competitive, wallet-ready reader family, significantly expanding AVA’s addressable market.

Commenting on the contract, Neville Joyce, CFO and Acting CEO of AVA Risk Group said: “This is a transformational agreement for AVA’s Access Control division. UniKey is one of the most respected innovators in mobile access, and we are delighted they have chosen BQT as their long-term hardware partner. The structure of the agreement provides strong, predictable recurring revenue, robust margins, and establishes a next-generation product platform that BQT can take to global markets.”

The engineering program has commenced, and a product market launch expected at the ISC West Trade Show in late March 2026.

ENDS

Approved for release by the Board of Directors.

 For further information, please contact:

Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

About Ava Risk Group

Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and infrastructure. It operates three business segments – Detect, Access and Illuminate. The Detect segment manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. Illumination specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors.  Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military and government clients in the world. www.theavagroup.com