Australia's Electro Optic Systems soars on upbeat FY revenue forecast

Electro Optic Systems Holdings

25/08/2026 01:41

** Shares of weapons manufacturer Electro Optic Systems EOS.AX rise 15.8% in early trading to A$9.960, highest level since July 6
** Stock marks its biggest intraday pct jump since June 19, and is the second-biggest gainer in the ASX200 benchmark index .AXJO as of 0016 GMT
** EOS forecasts a record FY26 revenue between A$360 million ($257.47 million) and A$400 million, substantially ahead of the Visible Alpha consensus of A$320 million
** Revenue boost follows the acquisition of the UK-based MARSS defence business earlier this year
** Posts 1H26 net loss attributable to shareholders of A$32.9 million, vs VA consensus of A$1.5 million loss
** Reports 1H26 revenue of A$168.8 million largely in-line with market expectations
** More than 2 million shares change hands, vs the 30-day average of 2.7 million shares
** EOS down 1.6% this year, including the day's move

($1 = 1.3982 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))