Welcome to the latest investor update from Ava Risk Group. This update should be viewed in conjunction with any announcements lodged via the ASX platform, which are the primary source of market-sensitive company information released to the market.
New contracts update
The FFT team has been busy securing new contracts in multiple verticals including energy, military, and corrections. Here’s a snapshot of some of just some of the new opportunities:
- Working with long-term renewable energy partner Aeon Security, Aura Ai-XS controllers are being installed to protect a new solar farm in Brazil, while FFT’s intrusion detection technology is also being deployed at the Domokos Solar PV Park in central Greece. FFT solutions are trusted at hydro and nuclear power plants, solar parks and wind farms worldwide, delivering ultra-reliable perimeter detection while minimising nuisance alarms.
- FFT is working alongside Siemens at two military bases in Belgium. The second site is scheduled to be commissioned in Q4 2026. Meanwhile, a perimeter upgrade is planned for the first site, with FFT’s scope of work expected to commence in September 2026. These projects highlight ongoing infrastructure and security enhancements across both locations.
- Works commenced in late December and were completed in early January to deploy our state-of-the-art Aura technology with the customisable FOSS/ATLAS algorithm at the Central Committee Party Document Archive facility in Vietnam. FFT was engaged by integrator ECOME Trading and Technology JSC to deliver the project. Additional opportunities are expected to be quoted over the next six months as relationships in Vietnam continue to be developed.
- Recent US contracts include additional orders from the New York Power Authority and Louisiana Department of Corrections.
Hale Capital strategic investment
On 7 January 2026, Ava Group announced 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 provides the company with growth capital and a highly aligned strategic partner to support its U.S. expansion strategy.
Commenting on the strategic investment, Ava Group Chairman David Cronin said, “Hale is a highly credible and experienced investor with deep connections across the U.S. infrastructure, federal and security markets. Their strategic alignment, experience and network strongly support Ava Group’s ambition to scale in the United States. This investment strengthens our balance sheet and provides a partner who understands how to build and grow businesses in our target markets.”
Martin Hale, Founder and Managing Partner of Hale Capital, added, “Ava Group has built a compelling portfolio of technologies addressing the protection of critical infrastructure, assets and environments, areas of increasing strategic importance in the United States. We were attracted by Ava Group’s strong technical foundations, talented employee base, high gross margins, blue chip reference customers and clear pathway to scale in the U.S. market, and we look forward to working closely with the Board and management team as the business enters its next phase of growth.”
Read the full announcement here.
Q2 FY2026 update
On 30 January 2026, Ava Group provided an update on its Q2 FY2026 trading performance. Highlights included:
- 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 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.”
BQT enters agreement with UniKey Technologies Inc.
On 1 December 2025, Ava Group announced that its Access Control division, BQT had entered into a Master Supply and Services Agreement with UniKey Technologies, Inc. – 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.
Read the full announcement here.
Upcoming events
The sales team is heading into a busy couple of months, connecting with global security and infrastructure leaders across three major industry events.
At ISC West 2026 in Las Vegas, Ava Group will showcase its access, illuminate and detection solutions including Aura Ai-X. With location-specific alerts and intelligent classification, Aura Ai-X supports confident, rapid response across perimeter intrusion (fence or buried), critical infrastructure and asset protection, and high-noise, high-traffic environments. If you’re in Las Vegas, visit us at Booth 17127 and see the difference firsthand.
We will also be attending Security & Policing 2026 and the Passenger Terminal Expo & Conference in the United Kingdom, continuing the conversation with customers and partners across defence, transport and critical infrastructure. We look forward to catching up with sector leaders and sharing how Ava Group solutions are helping organisations protect what matters most.
- Security and Policing is 10 – 12 March 2026, Stand: P34
- PTE is 17-19 March 2026, Stand: E135.
GJD appoints new GM
Late last year, GJD announced the appointment of Michael Dunne as its new General Manager, succeeding Dr Rod Wilson, who has retired after two and a half years in the role. With over 35 years of experience in the security industry, Michael has worked in various senior leadership roles including Managing Director of both Authorised Access Systems Ltd and Safecell Security Limited.
Commenting on his appointment, Michael said, “Throughout my career, I have focused on driving operational excellence, mentoring teams and delivering customer-focused solutions. At GJD, I look forward to supporting the established and highly skilled team already in place, ensuring we continue to build on the company’s strong foundations and deliver strategic growth.”
Micheal recently sat down with Security Journal United Kingdom (SJUK) to discuss trends and predictions the security industry in 2026. You can read the article here.
H1 FY2026 financial results
Ava Group will release its financial results for the half year ending 31 December 2025 on Wednesday 25 February 2026. Chair David Cronin and Acting CEO Neville Joyce will host a market briefing for investors at 9.30am AEDT on the same day. Please register for the investor webcast via this link.
Thank you for your support and interest in Ava’s expanding products and technical capabilities.
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ABOUT AVA GROUP
The Ava Group is a market leader of risk management technologies, trusted by some of the most security conscious commercial, industrial, military and government clients in the world.
The Group features a range of complementary solutions including intrusion detection and location for perimeters, pipelines and data networks, biometrics, card access control and locking. Through decades of innovation, the Ava Group continues to build upon a comprehensive portfolio of premium technologies for the most complex and demanding markets.
Our business truly serves a global market, with our knowledgeable team spread across six continents, providing market and industry expertise directly to customers. With thousands of sites protected, the Ava Group is proven to deliver first class technologies that surpass the expectations of our partners and end users.