RemSense Technologies reported a robust Q2 FY2026 with strong Tier-1 project deliveries worth A$1.685 million and significant progress on its ISO 27001 cybersecurity certification, underpinning its digital twin platform’s growing industrial footprint.
- A$1.685 million invoiced from Tier-1 oil & gas and mining projects
- Near-term cash receipts of approximately A$1.683 million expected by February 2026
- Expansion of virtualplant subscription revenue through new facility deployments
- Investment in LiDAR capacity and platform scalability to meet growing demand
- Advancement of ISO 27001 cybersecurity certification enhancing enterprise readiness
Strong Commercial Execution in a Complex Market
RemSense Technologies Limited (ASX, REM) has delivered a compelling performance in the second quarter of FY2026, successfully invoicing approximately A$1.685 million from major Tier-1 projects within the oil & gas and mining sectors. This milestone underscores the company’s transition from technology development to repeatable, large-scale commercial execution, a notable achievement in industries traditionally marked by long project lead times and cautious innovation adoption.
With projects spanning offshore and onshore facilities, RemSense’s digital twin platform, virtualplant, continues to gain traction among some of the world’s most demanding industrial operators. The company’s ability to deliver high-resolution digital visualisation and remote inspection solutions is proving critical as energy and resources sectors accelerate their digital transformation efforts.
Near-Term Cash Flow Visibility and Cost Discipline
RemSense’s financial discipline is evident in its operational cash outflows of A$708,000 for the quarter, balanced against near-term cash inflows. The company received A$206,000 during the quarter, with an additional A$427,000 collected in January 2026 and around A$1.05 million scheduled for February. This strong cash receipt pipeline provides a reassuring outlook for liquidity, even as the company continues to invest in scaling its delivery capabilities and technology infrastructure.
Despite current net operating cash outflows, RemSense is actively negotiating new contracts and has implemented cost management strategies to extend its funding runway. The company’s confidence in sustaining operations is bolstered by its expanding commercial pipeline and recurring subscription revenue growth.
Technology Advancements and Market Diversification
During the quarter, RemSense enhanced its virtualplant platform with significant performance improvements to handle increasingly large and complex data sets. The integration of advanced LiDAR scanning technology, including the acquisition of multiple Hovermap ST-X scanners, has enabled the capture of high-density, multi-terabyte datasets essential for detailed 3D modelling and digital twin fidelity.
Moreover, RemSense is broadening its market reach beyond energy and resources, with new opportunities emerging in facilities management, telecommunications, and defense sectors. The company’s pilot projects with AGIG and BHP have demonstrated strong demand for its digital inspection and asset intelligence capabilities, positioning it well for multi-site expansions and long-term service contracts.
Strengthening Security and Enterprise Readiness
Recognising the critical importance of cybersecurity in industrial digital solutions, RemSense has advanced its ISO 27001 certification program. This initiative not only enhances the company’s security governance but also improves procurement readiness for large-scale enterprise and government projects. Support from the Western Australian Government’s Local Capability Fund further accelerates this effort, reinforcing RemSense’s credentials as a trusted technology partner.
Looking ahead, RemSense is focused on converting its growing pipeline into repeatable commercial outcomes, expanding recurring revenue streams, and scaling virtualplant as a multi-industry platform. The company’s strategic investments and operational momentum suggest it is well positioned to sustain growth and deliver shareholder value through FY2026 and beyond.
Bottom Line?
RemSense’s Q2 momentum sets the stage for scaling its digital twin platform amid growing industrial demand and cybersecurity imperatives.
Questions in the middle?
- How quickly will RemSense convert its expanding pipeline into sustained positive cash flow?
- What impact will ISO 27001 certification have on securing larger enterprise and government contracts?
- Can RemSense maintain its cost discipline while scaling operations and technology capabilities?