All posts in ASX Announcement

Extraordinary General Meeting Results

Download the EGM Results here.

Extraordinary General Meeting Presentations

Download EGM Addresses and Presentation here.

Ava Risk Group: Business Update

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 S. 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 S. 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

H1 FY2026 Results Announcement and Materials

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

Notice of H1 FY26 Result and Webinar

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.

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

Q2 FY2026 Trading Update

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:

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

Ava Risk Group secures strategic investment from Hale Capital to accelerate US expansion

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’s BQT Division Signs Five-Year Supply & Co-Development Agreement with UniKey Technologies

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

CEO Retirement and Leadership Transition

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

Q1 FY2026 Trading Update

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.