RocketDNA’s Q3 Revenue Climbs 13% on $2 Million+ Mining Contracts

Strong Revenue Growth Amid Expanding Autonomous Drone Deployments

RocketDNA Ltd (ASX, RKT) has delivered a solid performance in its September 2025 quarter, reporting unaudited revenue of $1.875 million, a 13% increase from the previous quarter. This growth was largely driven by a 40% surge in revenue from its Australian xBot autonomous drone operations, underscoring the company’s successful pivot towards AI-powered, autonomous solutions in the mining sector.

The company’s diversified revenue streams now include leasing, services, software, and data, reflecting a maturing business model that integrates hardware deployment with proprietary software solutions.

Securing Tier-1 Mining Contracts Across Two Continents

RocketDNA’s strategic ‘land and expand’ approach is paying dividends, with new contracts inked at major mining operations in Australia and Africa. Notably, a three-year contract valued at approximately $490,000 was secured with Gold Fields’ Gruyere Gold Mine in Western Australia, marking a significant expansion into another Tier-1 mining customer.

In Australia, the company also converted a successful trial at BHP Mitsubishi Alliance’s Saraji coal mine into a nine-month contract worth around $450,000, which will see the operation of two dual SurveyBot units. Additional purchase orders from BMA in October will extend operations to six dual units across multiple Queensland sites in early 2026, valued at about $1 million.

Internationally, RocketDNA secured a 12-month contract with Sibanye Stillwater in South Africa and a 24-month drone survey contract with Heath Goldfields in Ghana, valued at approximately AUD 209,000 and AUD 342,000 respectively. These contracts highlight the company’s growing footprint in African mining markets, leveraging its autonomous drone technology to address operational challenges.

Operational Milestones and Software Integration Drive Efficiency

Operationally, RocketDNA’s autonomous drone flight missions in Australia doubled again in Q3, reaching four times the number flown in Q1. This rapid increase is supported by the company’s Remote Operating Centres, which enable 24/7 autonomous flight operations across multiple geographies.

Complementing hardware deployment, RocketDNA’s SiteTube software platform has broadened its adoption, now embedded across eight enterprise customers and used by over 470 registered users. SiteTube facilitates real-time geospatial data visualization and automated data processing, supporting departments from mine planning to environmental management. This integration is key to embedding RocketDNA’s technology deeply into daily mining operations.

Financial Position and Outlook

While revenue growth is encouraging, RocketDNA’s cash balance declined to $1.034 million at quarter-end from $1.744 million in June, reflecting ongoing investment and operational costs. However, net cash used in operating activities decreased by 33% to $385,000, indicating improved cash flow management.

Looking ahead, the company remains focused on scaling recurring revenue by deploying new contracts and expanding SiteTube software integration. The management team aims to continue ‘landing’ enterprise customers and broadening use cases for its autonomous drone technology throughout 2026.

RocketDNA’s progress illustrates the increasing demand for autonomous, AI-driven solutions in mining, particularly as labour shortages and operational efficiency pressures mount. The company’s ability to convert trials into multi-year contracts with Tier-1 miners positions it well for sustained growth in a competitive market.