InvestSMART

Boresight Ltd (ASX:BST)

ALERT: Price-sensitive ASX Announcement for BST
Current share price for BST : $0.350 0.06 (20.69%)+
Announcement
Release
31 Jul 2026 11:25AM
Price at Release
$0.290
Full Release
download
Summary
Boresight Ltd (ASX: BST) successfully completed its IPO, listing on the ASX and raising A$8.0 million. The company reported significant revenue growth in FY26, with A$6.7 million compared to the previous year. With strong cash reserves and no debt, Boresight is actively expanding its market presence and production capabilities, including a new facility in Alabama. The company is heavily engaged in defense contracts, notably with the ADF’s Sovereign UAS Program and Project LAND 156, and is advancing its product development pipeline. The quarterly cash flow report indicates a robust financial position bolstered by operational and financing activities.
Key Points
  • Boresight Ltd successfully listed on the ASX under the ticker code BST on 10 June 2026, raising A$8.0 million through an IPO.
  • The company reported unaudited annual revenue of A$6.7 million for FY26, a 55% increase from the previous year.
  • For the quarter ended 30 June 2026, Boresight achieved A$2.44 million in revenue.
  • Cash and cash equivalents at the end of the period were approximately A$7.88 million with no debt.
  • Boresight is engaged with the Australian Defence Force (ADF) Sovereign UAS Program, developing the BS-350 ISR drone.
  • The company supports the ADF’s Project LAND 156 counter-drone program and secured a 12-month contract for BQ-400 target drones.
  • Boresight expanded its market presence in Europe by delivering BQ-400 drones to an Italian customer.
  • Post quarter, Boresight signed a lease for a new manufacturing facility in Huntsville, Alabama.
  • The report details Boresight’s financial position, including significant cash inflows from financing activities.
  • Boresight continues to focus on product development and expanding production capabilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.