All posts in ASX Announcement

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) advises that Chief Executive Officer, Mr Mal Maginnis, has informed the Board of his intention to retire from executive roles and step back from full-time professional commitments.

Mr Maginnis, who joined Ava Risk Group in January 2023 and will shortly reach his three-year anniversary with the Company, will retire from his role on 22 January 2026. He will step down from the Board with immediate effect. To ensure continuity during the transition period, the Board has appointed Mr Neville Joyce, currently a senior executive within the Group, as Acting CEO effective immediately.

The Company will now commence a global search for a permanent Chief Executive Officer to lead Ava through its next phase of growth.

Ava Risk Group Chairman Mr David Cronin said:

“On behalf of the Board and our global team, I would like to thank Mal for his significant contribution to the transformation of Ava over the past three years. Under his leadership the Company has undergone a meaningful strategic and operational reset, and has emerged with a strong commercial focus, a revitalised product suite, and a materially improved financial position. During Mal’s tenure, Ava has achieved several major milestones including:

• The release and global commercialisation of the world-class Aura Ai-X
• Major account wins across transportation, aviation, border protection, corrections and critical infrastructure.
• Strong revenue growth and a significantly improved EBITDA profile, underpinned by improved sales execution and operational discipline.
• Increased recurring revenue through multi-year service contracts and large-scale multi-site deployments.
• A strengthened project pipeline and a more resilient order backlog.

Mal leaves the Company in a demonstrably stronger position than when he joined. We wish him well as he transitions into non-executive roles and thank him for his professionalism, integrity and commitment to Ava’s long-term success.”

Mr Maginnis said:

“It has been a privilege to lead Ava Risk Group and to work alongside such talented teams across our Detect, Access and Illuminate businesses. Over the past three years we have introduced globally competitive technology, strengthened our relationships with major customers, and expanded our presence across key industries and regions.

With Aura Ai-X now firmly established as a world-leading detection and sensing platform, and with strong commercial momentum across the Group, Ava is exceptionally well positioned for its next phase of growth. I am grateful to our customers, and most importantly our staff for their support during my tenure, and I look forward to remaining an enthusiastic advocate for Ava as I transition to a portfolio of non-executive activities.”

Transition Arrangements

Mr Maginnis will continue to support the transition until his retirement date on 22 January 2026.

Mr Joyce, as Acting CEO, will work closely with the Board to ensure operational continuity and maintain the Company’s commercial momentum while the global search for a permanent CEO is undertaken.

ENDS

Approved for release by the Board of Directors.

 For further information, please contact:

Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.co
+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

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to provide the following update
on its Q1 FY2026 trading performance:

• Q1 sales order intake of $9.0 million. 

• Sales order backlog of $7.5 million including $2.6 million in contracted annual recurring revenue. The order backlog consists of equipment orders and multi-year service contracts. 

• Continued progress on key projects including in the telecommunication, transportation and aviation sectors. 

• First half revenue guidance of $17.0 million to $18.2 million, dependent on timing of program-based orders in Q2. 

Ava Risk Group CEO Mal Maginnis commented: “Sales performance was solid in Q1, reflecting the closure of some opportunities carried over from FY2025 and some pleasing progress in specific industry segments.  The order from Siemens to protect some critical Australian transport infrastructure, was directly built on the successful work completed with UGL on the Sydney Metro project.  It was also satisfying to see further systems being deployed for border protection in Latvia as this has built on our successful deployments elsewhere in eastern Europe. The sales opportunity pipeline remains strong and I expect to see further growth in sales order intake in Q2 as we convert opportunities and close other orders carried over from FY2025.” 

Q1 FY2026 confirmed sales orders

The Company received sales orders of $9.0 million during Q1 FY2026, up from $8.9 million in the previous year. Highlights include:   

• Detect:  Q1 sales order intake of $6.9 million, up 5% on the previous year. 

• • Contract for $1.2 million from Siemens Limited for the supply of Ava’s Aura Ai-X detection systems to monitor and identify risks critical to the safe and efficient operation of a major Australian infrastructure project. The contract builds on the previous success in delivering fibre sensing technology to the Sydney Metro project. 

• • Orders of $0.5 million for North American corrections facilities across multiple jurisdictions. The corrections segment is an attractive application for Aura Ai-X and further orders are expected in Q2 FY2026. 

• • Orders of $0.5 million for U.S. based government sites. The timing of further orders for government sites is currently delayed pending resolution of the U.S. government shutdown. 

• • Contract for $0.5 million for the supply of Aura Ai-X detection systems for border protection in Latvia. The contract follows the successful deployment of the Company’s detection technology to another eastern European country, highlighting the growing demand for border security applications. 

• • Multiple orders totalling $0.5 million for protection of critical energy infrastructure in eastern Europe. 

Delivery of all systems associated with the orders received in Q1 are expected to be fulfilled in H1 FY2026. 

• Access: Sales order intake for Q1 FY2026 of $1.0 million driven by activity in the Asia Pacific and Europe. The focus in the Access segment remains on increasing demand in the U.S. and Europe to drive reordering using the dormakaba distribution network.  

• Illuminate: Total Q1 sales order intake is $1.5 million, up 7% on the previous year. Q1 orders were driven by improved orders from key customers such as Bosch, as well as continued ordering from key distributors in North America. The focus in the Illuminate segment is growing the distribution network including finalising agreements with new channel partners which is expected to occur in Q2. 

At the end of Q1 FY2026, the Company carried an order backlog of $7.5 million which represents sales orders received that are still to be fulfilled. Of the backlog, $3.9 million relates to equipment for project delivery which is expected to be fulfilled in H1 FY2026, and $2.6 million of annual recurring revenue associated with multi-year service contracts.   

During Q1 the Company continued to make significant progress in key sectors and projects.  In transportation, commissioning and support for the Sydney Metro project progressed and additional minor contract variations are expected in Q2 as this project completes.  This project was a key determinant in the Company’s success in winning new infrastructure projects with Siemens. Aviation is also a key focus in the transportation sector as the Company pursues perimeter protection opportunities at airports internationally as well as some specific opportunities within the Australian aviation sector.   

Sovereign border protection continues to be an area of focus with increasing government demand due to geopolitical instability in some jurisdictions. The contract awarded during the quarter for the supply of detection systems to the Latvia border was built on the success of the Company’s earlier system deployment in eastern Europe.  There are additional sales opportunities in the pipeline for which are expected to close over the remainder of FY2026. 

While progress in the telecommunications sector has been slower than expected, the relationship with Telstra continues to present significant opportunities.  During Q1, the Company conducted additional testing of the Aura Ai-X detection system previously deployed to a Telstra subsea cable.  Performance of Aura Ai-X remains very strong and additional sales opportunities exist in FY2026 with Telstra and other global telecommunications providers. 

Outlook
Based on the existing order intake and expected sales pipeline conversion, the Company provides revenue guidance for the first half of the year in the range of $17.0 million to $18.2 million. Based on this guidance the Company expects to be EBITDA positive in the first half of 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.
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.

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) is pleased to announce that it has secured two contracts valued at $0.9 million for the supply of its Aura Ai-X market leading fibre sensing technology and associated services in the sovereign border protection and transport infrastructure sectors.

The Company has been awarded a contract valued at $0.5 million for the provision of its Aura Ai-X Distributed Acoustic Sensing (DAS) technology for border protection in Latvia. The contract is for the immediate supply of the sensing systems and there are no conditions precedent. Delivery is expected to occur in H1 FY2026.

This contract follows the successful deployment of the Company’s detection technology to another eastern European country to provide border protection. It highlights the superior performance of Aura Ai-X in providing remote border protection and reflects the growing demand for border security applications for the Company’s detection technology.

Further to the announcement of 18 August 2025, the Company is also pleased to advise that it has received a contract variation of $0.4 million from Siemens Limited on its previously announced $0.8 million contract for the provision of detection systems to a major Australian transport infrastructure project.  This contract variation is for commissioning and other related services attributable to the Aura Ai-X systems which will be used to monitor and identify risks critical to the safe and efficient operation of the transport infrastructure. The Siemens engagement on this contract now totals $1.2 million.

Commenting on the contract awards, Ava Group CEO Mal Maginnis said: “It is pleasing to see the continued progress we are making in key industry segments which has been built on our strong track record of performance.”

“Geopolitical drivers have seen border protection emerge as a significant segment for the deployment of our technology in recent years.  The current contract represents the second country in eastern Europe in which Aura Ai-X will be installed and is the direct result of the superior detection performance of our technology on earlier deployments. Sovereign border protection remains a key priority in eastern Europe and other jurisdictions, and I expect to see further opportunities in FY2026.”

“It is also pleasing to receive the contract variation from Siemens for the commissioning and support of the Aura Ai-X systems delivered under the initial order. The systems are being installed as part of a major Australian transport infrastructure project, building on our previous success in providing fibre sensing technology to the Sydney Metro project.”

“The two contract awards demonstrate the versatility of Aura Ai-X to provide sensing solutions to multiple applications ranging from border protection to transport infrastructure. We continue to focus our sales effort on protection of critical infrastructure assets in energy, telecommunications and transport while also pursuing opportunities in our traditional perimeter detection market.”

ENDS

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.avariskgroup.com

Download the Annual General Meeting Notice of Meeting here.

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) announces its full year results for the financial year ended 30 June 2025.

Highlights

• Group revenue of $31.7 million, up 5% on the previous corresponding period (PCP)
• Underlying group EBITDA of $2.1 million , up $3.0 million, with improvement reflecting margin gains and cost efficiencies
• Sales order intake of $29.9 million (FY2024: $35.3m)
• Expansion in strategically important industry verticals and key projects across sovereign border protection, airport perimeter detection, and transportation
• Sales order backlog of $6.4 million, including $2.6 million in contracted annual recurring revenue
• Cash balance of $5.6 million at 30 June 2025

Ava Risk Group CEO Mal Maginnis commented: “FY2025 has been a year of continued strategic progress for Ava Risk Group as we strengthened our position as a global leader in sensing and risk management technology and expanded into strategically important industry verticals and major projects.

“Geopolitical events continue to elevate demand for advanced border security solutions, and we have a strong pipeline of opportunities across Eastern Europe and in new markets in the Middle East and Asia. We are growing our footprint in airport perimeter detection systems, including deployments at major international airports while in the transport sector, we expanded our scope of work with UGL.

“A standout achievement in the second half was the installation of our Aura Ai-X technology on a Telstra subsea cable, opening the door to further deployments across subsea infrastructure and creating new opportunities with international telecom operators.

“We have built a market-leading technology platform, enhanced our commercial capabilities, developed a robust sales pipeline, and secured strong partners in key markets. With a stable cost base and a leading technology platform, Ava Group is well positioned to deliver improved growth in FY2026.”

Performance Overview
Total revenue grew 5% year-on-year, primarily driven by 17% growth in Detect, which benefited from the fulfilment of a significant backlog of orders from the prior year. After a strong H1 with revenue growth of 20%, unforeseen external factors meant that several key Detect orders which were expected in H2 were delayed into 1H FY2026.  This impacted both the sales order intake and revenues.

Growth in the Detect segment was underpinned by further investment in Aura Ai-X, our market-leading fibre optic sensing solution. We expanded Aura Ai-X’s applications to serve the telecommunications sector and developed solutions for shorter perimeter deployments in our traditional detection market. A highlight was the successful deployment of Aura Ai-X to a Telstra subsea cable in Q4 FY25, demonstrating the significant opportunities in the telecommunications sector.

Revenue in the Access segment declined 26%, due to no repeat dormakaba stocking orders in FY25 following an initial stocking order in FY24. The Group’s focus remains on driving volume through this important partner channel in Europe and the U.S., and the team is working closely with dormakaba to drive volumes and return the division to growth in FY2026.

Revenue in the Illuminate segment was consistent with the prior year. Performance improved in calendar year 2025 with stronger OEM demand, particularly in North America. The Group expects continued sales momentum from key distributors and is exploring further integration opportunities with Detect solutions.

Underlying EBITDA improved materially to $2.1 million, compared with a $0.9 million loss in FY2024, reflecting strong gross margins and a lean, stable cost base following completion of major investments into the Group’s commercial capability and technology. We expect EBITDA margins to improve as revenue grows, leveraging our fixed cost and technology base.

An impairment charge of $5.6 million was recognised in FY2025, representing the remaining goodwill in the Illuminate segment. While this reflects a more conservative revenue outlook, we remain confident in Illuminate’s complementary role to Detect and its potential in new markets.

Outlook
Looking ahead, we have built a market-leading technology platform, strengthened our commercial capabilities, developed a robust sales pipeline, and secured strong partners in key markets and industry verticals. With a stable cost base, our priorities are to:

• Increase sales order intake, particularly in strategic industry sectors;
• Grow sales order backlog, including contracted recurring revenues;
• Maintain gross margins of 60–65%; and
• Continue targeted investment in technology to extend our market leadership.

Investor Webinar

Chairman David Cronin, CEO Mal Maginnis and CFO Neville Joyce will host a Zoom webinar to present the results at 10.30am AEST today. To register for the webinar, please select the following link:

https://us06web.zoom.us/webinar/register/WN_9CYALLZwS36qclBFv9O_RQ

ENDS

 Approved for release by the 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. 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 world’s most security-conscious commercial, industrial, military and government clients. www.avariskgroup.com

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) will release its full year results for the 12
months ended 30 June 2025 on Wednesday 27 August 2025.

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

Chairman David Cronin, CEO Mal Maginnis and CFO Neville Joyce will host a Zoom webinar to present the results at
10:30am AEST on the same day.

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

Date & Time: Wednesday 27 August at 10:30am AEST

Zoom link: https://us06web.zoom.us/webinar/register/WN_9CYALLZwS36qclBFv9O_RQ

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” or “the Company”) is pleased to announce that it has secured a
contract with Siemens Limited to supply its market leading fibre sensing technology for deployment in a major
Australian transport infrastructure project.

The contract, valued at $0.8 million, is for the provision of the Ava’s Aura Ai-X Distributed Acoustic Sensing (DAS)
technology, which will be used to monitor and identify risks critical to the safe and efficient operation of the
infrastructure. Delivery will occur in Q1 FY2026 and there are no conditions precedent to the order.

In addition to the immediate supply of the sensing systems, Ava anticipates further contract variations to support
system commissioning and provide associated services. These are estimated at an additional $0.4 million, subject to
finalisation of project scope.

Commenting on the contract award, Ava Group CEO Mal Maginnis said: “We are delighted to receive this order from
Siemens to supply our fibre sensing solutions to a critical Australian transport project. This order builds on our previous
success in delivering our fibre sensing technology to the Sydney Metro project and reinforces the capability of Aura Ai-
X in transport infrastructure applications. We continue to see strong domestic demand for our technology, and this
contract highlights our strategic focus on expanding our presence in Australian infrastructure projects. Looking ahead,
we are confident of further opportunities across both Australian and international transport sectors.”

ENDS

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.avariskgroup.com

Review investor presentation here.

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) advises that the Company has, with
immediate effect, suspended its dividend policy to allow capital to stay within the business to fund its growth plan.

The Board intends to review the policy on an annual basis.

Approved for release by the Board of Directors.

For further information, please contact:
Investor & Media Enquiries
Alexandra Abeyratne
Citadel-MAGNUS
aabeyratne@citadelmagnus.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 – Future Fibre Technology (FFT), BQT Solutions (BQT) and GJD
Manufacturing. FFT 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.
BQT is a specialist in the development, manufacture and supply of high security biometric readers, security access
control and electronic locking products. GJD is a specialist in the development and manufacturer of perimeter
detectors, illuminators and ANPR cameras. 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”) is pleased to provide the following update
on its Q4 FY2025 trading performance:

• Sales order intake during Q4 of $7.1 million, resulting in full year sales order intake for FY2025 of $29.9
  million.
• Sales order backlog of $6.4 million including $2.6 million in contracted annual recurring revenue. The order
  backlog consists of equipment orders and multi-year service contracts.
• Expected FY2025 revenue of $31.6 million, below the guidance range. This is the result of a number of key
  orders expected in Q4 which have been delayed to H1 FY2026.
• Expected FY2025 EBITDA of around $2.0 million, up from EBITDA loss of $0.9 million in the previous year.
• Expected cash balance at 30 June 2025 of $5.4 million, up from $5.0 million at the end of FY2024.
• Continued progress on key projects including in the telecommunication, transportation and aviation sectors.

Ava Risk Group CEO Mal Maginnis commented: “Our Q4 sales order intake and resultant revenue were softer than
expected as a few key orders we expected to close in the quarter were delayed due to external factors. These are
expected to close and convert to revenue during H1 FY2026. Notwithstanding this timing issue, there is good
momentum across the business and our sales pipeline is healthy.”

“We continue to make significant progress in our target sectors. We successfully completed the installation of Aura
Ai-X to a subsea telecommunication cable operated by Telstra and the system has performed strongly. We are now
in discussions with other international telecommunications providers. In the aviation sector we received an order to
deploy our technology for perimeter protection at another international airport and expect to commence paid trials
for our technology at two Australian airports during H1 FY2026.”

Comparison to previous revenue guidance
Expected revenue for FY2025 is approx. $31.6 million, up 5% on the previous year. Revenue guidance for FY2025 was
$35 million – $38 million, the shortfall driven by a few key projects expected to close in Q4 but delayed until H1
FY2026:

• Sydney infrastructure project ($1.2 million) pending finalisation of some contractual arrangements between
  the prime contractor and its client;
• Indian pipeline protection project ($1.5 million) impacted by a recent territorial conflict; and
• A number of U.S. based orders ($1.2 million) subject to tariff related delays in H2 FY2025.

For all these orders the Company has been selected as the preferred supplier and has passed all design and other
critical milestones. It is expected that these orders will be received and fulfilled during H1 FY2026.

For FY2025, Ava Risk Group’s gross margin is expected to be 64% based on stronger performance in Detect. Operating
costs have stabilised at approx. $18.3 million resulting in expected EBITDA of $2.0 million compared to a loss of $0.9
million in the previous year. The cash balance at 30 June 2025 is approx. $5.4 million compared to $5.0 million at the
end of FY2024.

FY2025 confirmed sales orders
Sales during Q4 of $7.1 million resulted in full year sales order intake of $29.9 million, compared to $35.3 million in
the previous year.

• Detect: Full year sales order intake of $18.9 million, down from $23.3 million in the previous year as a result
  of delays to several significant orders which are expected to be received in H1 FY2026. The value of recurring
  service contracts grew to $2.6 million at the end of Q4 driven by the continued deployment of Aura Ai-X, the
  Company’s market leading, data-driven fibre sensing technology.

  Key highlights in Q4 include:
  – Successful installation of Aura Ai-X on a Telstra subsea cable to provide infrastructure protection at a critical landing site in Australia. The system has performed strongly and the telecommunications sector remains an attractive segment both in Australia and internationally to drive growth in FY2026;
  – Successful deployment of Aura Ai-X to Sydney Metro via UGL is nearly complete and additional opportunities have been identified in the sales pipeline for rail infrastructure protection;
  – An additional order was received for the deployment of Aura Ai-X to an international airport in Morocco, building on the earlier successful deployment in Dubai. The Company is also engaged in some preparatory work to trial its technology at a number of Australian airports to drive further orders in the aviation segment during FY2026.

• Access: Full year sales order intake of $4.3 million, down from $5.7 million in the prior year which included
  an initial stocking order from dormakaba under its global framework agreement. The focus in the Access
  segment is increasing demand in the U.S. to drive reordering using the dormakaba distribution network.
• Illuminate: Full year sales order intake of $6.7 million, up 4% on the prior year. The focus in the Illuminate
  segment is growing the distribution network, particularly in new markets such as North America and Asia
  Pacific as well as complementing Detect technology in key projectss

At the end of Q4 FY2025, the Company carried an order backlog of $6.4 million which represents sales orders received
that are still to be fulfilled. The backlog includes $2.6 million of annual recurring revenue associated with multi-year
service contracts.

Strategy & Outlook
Ava Risk Group is focused on growing revenue to leverage its prior investment in technology and its scalable cost
base to drive stronger earnings growth. This is underpinned by:

• Growth in sales order intake, particularly in key industry segments;
• Growth in sales order backlog including recurring revenue;
• Maintaining high gross margins of 60 – 65%; and
• Continued investment in its technology to build on its market leadership.

FY2025 Financial Results
Ava Risk Group will release its financial results for the year ending 30 June 2025 on Wednesday 27 August 2025.
Details of an investor webcast will be provided to the market in due course.

ENDS

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. Screenshot 2025-07-15 at 9.50.03?am