Beonic’s Revenue Climbs 5.5% as Loss Narrows to $1.44M in 1H FY26

Financial Performance and Capital Management

Beonic Limited has delivered a solid half-year performance for the six months ended 31 December 2025, with revenue rising 5.5% to $11.2 million compared to the prior corresponding period. The company’s net loss after tax narrowed significantly by 37% to $1.44 million, reflecting improved operational efficiencies and disciplined cost management. Notably, Beonic achieved positive EBITDA of 13.6% and sustained gross margins of 77.9%, underscoring progress toward profitability.

Capital management was a key focus during the period. Beonic successfully raised $4.27 million through convertible notes, anchored by strong support from its largest shareholder, Thorney Investment Group, as well as board and management participation. These funds were strategically deployed to repay a $4.65 million loan facility due in January 2026, significantly reducing interest expenses and strengthening the balance sheet. The company ended the half with a cash balance of $5.1 million, up from $1.9 million a year earlier.

Contract Wins and Market Expansion

Beonic’s operational momentum is highlighted by a landmark $7.3 million contract to deploy its AI-driven passenger flow management solutions across seven airports in Morocco over 30 months. This follows a successful proof of concept at Casablanca Airport and validates Beonic’s strategy to lead in the global aviation sector. The rollout is progressing well, with three airports already in user acceptance testing and full phase one completion expected by June 2026.

In North America, Beonic expanded its footprint with a multi-year agreement at Denver International Airport, the third largest in the US by passenger volume. The company also secured $4.4 million in new contracts and expansions, alongside $6.1 million in renewals from prestigious customers including David Jones, JB Hi-Fi, and major US airports such as Miami, Orlando, Detroit, and Charlotte. These wins demonstrate strong customer retention and geographic diversification across APAC, Americas, and EMEA regions.

Product Innovation and Security Focus

Beonic continues to innovate its AI-driven IoT solutions, leveraging existing camera networks to deliver advanced visitor flow analytics without compromising privacy. Its Beonic Vision platform is gaining traction in large venues like airports and malls, while new 3D map visualisations and real-time sentiment tracking via Beonic Survey enhance customer engagement capabilities.

Security and compliance remain central to Beonic’s mission. The company upgraded to ISO/IEC 27001:2022 and is progressing toward CSA STAR Level 2 certification, strengthening governance and cloud security. Enhanced AI-driven threat detection and zero trust adoption further bolster resilience amid evolving cyber threats.

Outlook and Strategic Priorities

Looking ahead, Beonic aims to maintain its gross margin improvements and profitable EBITDA while accelerating the rollout of its Moroccan Airports project and expanding its AI-based CCTV product in North America. The company targets an FY26 annual recurring revenue range of $17.5 million to $18 million, driven by contract execution and pipeline conversion estimated at $44 million.

Financial discipline remains a priority, with ongoing cost optimisation and a lean operating model supporting sustainable growth. Beonic’s leadership is focused on delivering key projects, minimising customer churn, and enhancing product adoption through continued R&D investment and customer success initiatives.