WhiteHawk Advances US$3.4M Cybersecurity Pipeline Across US and Australia

Quarterly Financial and Operational Highlights

WhiteHawk Limited (ASX, WHK), a global cybersecurity exchange platform, has released its December 2025 quarterly activities report, revealing a steady revenue stream alongside strategic contract developments. The company invoiced US$280,000 in the fourth quarter, with total revenue receipts reaching US$343,000. Despite these inflows, WhiteHawk recorded a net cash outflow of US$364,000 for the quarter, reflecting ongoing investment in growth and operations.

Operating expenses were carefully managed, averaging US$235,000 per month, underscoring the company’s disciplined approach to expenditure amid expansion efforts. At quarter-end, WhiteHawk held US$654,000 in cash and maintained an undrawn US$100,000 credit facility, providing approximately two quarters of funding runway.

Government and Academic Contract Wins and Pipeline

WhiteHawk’s contract pipeline is robust, with several significant government and academic engagements either secured or in advanced stages. Notably, the U.S. Office of the Secretary of Defense (OSD) has expanded a pilot proposal to cover 500 Department of Defense critical infrastructure entities, valued at US$975,000, pending finalisation upon US government budget approval.

In addition, WhiteHawk secured a US$246,000 Cyber Analyst Platform-as-a-Service grant from Miami Dade County Economic Development Council, with contract commencement expected by April 2026. The company also responded to a State of Maryland Department of Labor Request for Proposal for a three-year contract worth up to US$1 million, aimed at providing experiential learning for higher education students while supporting critical infrastructure services.

Looking ahead, the State of Florida’s statewide Cyber Resilience Program is set to include all 29 Florida Cyber Academic Centers of Excellence, with WhiteHawk’s Cyber Analyst Platform-as-a-Service contract portion estimated at US$2.2 million annually over three years starting July 2026. These contracts collectively position WhiteHawk as a key player in US government cybersecurity initiatives.

Expansion into Asia-Pacific and Strategic Partnerships

WhiteHawk’s international footprint expanded with the establishment of a dedicated Asia-Pacific Economic Cooperation (APEC) sales and delivery office in Australia, operational since November 2025. This office is actively pursuing Australian government cyber services contracts, responding to multiple Requests for Quotation alongside partners such as DoxAI.

Further, WhiteHawk is progressing a joint venture with Novera to commercialise a jointly developed Cyber Risk Snapshot platform, branded as ‘Risk Wise’. This venture aims to accelerate cybersecurity risk assessment capabilities, particularly targeting Australian organisations seeking compliance with the Essential 8 cybersecurity framework, promising 25-30% savings in time and resources.

Ongoing Client Engagements and Service Deliveries

Throughout the quarter, WhiteHawk continued delivering cyber risk monitoring and assessment services to a diverse client base, including US universities such as Georgetown University, major city governments in the southeastern US, and private sector firms. Renewals and new service proposals reflect the company’s expanding footprint in continuous cyber risk management and compliance services, including preparation for the Cybersecurity Maturity Model Certification (CMMC) requirements mandated for US defense contractors.

WhiteHawk also appointed Giuseppe Porcelli as Chief Strategy Officer to steer growth initiatives and strategic opportunities, including potential joint ventures and acquisitions aligned with the company’s expansion goals.