BSA Limited (ASX:BSA)

This investor presentation outlines BSA Limited’s proposed acquisition of 100% of Eonetics, combining BSA’s national infrastructure services platform, field workforce and established customer relationships with Eonetics’ proprietary tethered drone technology, software and international partner base to create an infrastructure services and technology business focused on remote monitoring, connectivity and recurring revenue opportunities; the proposed consideration comprises 50 million BSA shares, 24.5 million options and 30 million performance shares, with no capital raising and completion subject to due diligence and BSA shareholder approval, while the presentation also profiles BSA’s FY26 position and capabilities across site acquisition, environment and design, build, install, and operate and maintain services, highlighting FY26 revenue of $32.1 million, cash of about $17 million at June 2026, a national footprint, strong safety and accreditation credentials, and long-standing client relationships, before detailing Eonetics’ EON tethered drone platform as a portable, all-weather aerial infrastructure solution capable of continuous power, multi-day flight, payloads up to 15kg, high-speed data transmission and multiple use cases including temporary mobile coverage, disaster response, surveillance, lighting and defence applications, supported by case studies with Verizon, PNCC/Nokia and McKay Brothers, and concluding that the key strategic synergies are BSA’s ability to provide an instant national field service delivery network, expand Eonetics into utility disaster recovery and grid resilience applications, and drive cross-sell and new revenue opportunities across telecommunications, government and defence-adjacent markets.