REG - Seeing Machines Ltd - Q1 FY2026 Quarterly KPIs

Seeing MachinesAnnouncement

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RNS Number : 2159H  Seeing Machines Limited  12 November 2025

 

Seeing Machines Limited ("Seeing Machines" or the "Company")

 

 

12 November 2025

Q1 FY2026 Quarterly KPIs

 

Seeing Machines technology on road surpasses 4.2 million vehicles with over
half a million shipments this quarter

 

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, publishes its quarterly Key Performance Indicators ("KPIs")
for the quarter ended 30 September 2025 ("Q1 FY2026").

 

Q1 FY2026 KPI highlights:

 

-   Cars on the road with Seeing Machines' Driver and Occupant Monitoring
System (DMS/OMS) technology increased to 4,240,368 units, representing an
increase of 62% from 12 months ago (Q1 FY2025: 2,617,091)

-     Quarterly production of 510,167 units, up 4% from the previous
quarter (Q4 FY2025: 488,294) and up 26% from the previous corresponding
quarter (Q1 FY2025: 405,669), demonstrating continued sequential growth

-     Guardian hardware sales of 368 units (Q4 FY2025: 2,536)

 

Automotive Production Volumes (production of new vehicles using Seeing
Machines' Driver Monitoring System (DMS) technology):

 

                       Q1 FY2025  Q2 FY2025  Q3 FY2025  Q4 FY2025  Q1 FY2026
 Production FY2025-26  405,669    266,654    358,162    488,294    510,167
 % Growth Qtr on Qtr   6%         (34%)      34%        36%        4%
                       Q1 FY2024  Q2 FY2024  Q3 FY2024  Q4 FY2024  Q1 FY2025
 Production FY2024-25  222,138    208,231    313,662    381,215    405,669
 % Growth Comparative  83%        28%        14%        28%        26%

 

Seeing Machines achieved a moderate quarter-on-quarter increase in DMS
shipments despite tariffs and trade tensions impacting the Automotive sector.
This growth reflects the continued increase in fitment rates that are
necessary to meet the upcoming regulatory deadlines in Europe (July 2026
European General Safety Regulation mandate) and is yet to be fully realised as
OEMs manage vehicle option mix carefully to minimise cost (including costs
associated with DMS) for as long as possible.

 

As DMS fitments continue to increase, the ultimate inflection of shipments
associated with a 100% DMS mandate for European vehicles sold starting in July
2026 will, therefore, vary by OEM based on overall vehicle inventories and
turnover rates.

 

Aftermarket - Guardian (technology for commercial transport fleets and
logistics organisations):

                                         Q1 FY2025  Q2 FY2025  Q3 FY2025  Q4 FY2025  Q1 FY2026
 Guardian Hardware unit sales            1,491      288        1,151      2,536      368
 ARR excluding Caterpillar (historical)  $13.6m     $13.4m     $13.4m     $13.5m     $13.5m
 % Growth Qtr on Qtr                     2%         (1%)       -          1%         -

 

Guardian sales for Q1 FY2026 were below expectations due to delayed large
deals, which slipped to Q2 FY2026. For the month of October 2025, Seeing
Machines sold 1,062 Guardian units. Adding the new US order for 1,100 units
announced today and the previously reported autonomous driving contract
currently being fulfilled, total Guardian unit sales for the current quarter
have already surpassed 2,600 units.

 

Paul McGlone, CEO of Seeing Machines, commented: "Seeing Machines maintains
its strong position in the DMS market with shipments of over 4.2 million to
date, following a modest increase this quarter. The complexity of the
automotive industry dynamic makes it difficult to pinpoint the precise timing
of the significant growth inflection, however, it is our expectation that
volume will continue to increase substantially through FY2026 as GSR comes
into effect in July 2026.

 

"Although there was some slippage in Q1 sales, we are making good progress
with Guardian across the Aftermarket sector and early results for Q2 FY2026
are promising. We have a strong pipeline of opportunities with a number of
large customers completing trials, pilots and commercial contract terms.  I
am confident our team, together with our distributors and key partners like
Mitsubishi Electric, will be on track to achieve our predicted production
volumes for Guardian as we move through this financial year.

 

We remain on track to achieve our cashflow break-even run rate target by the
end of this calendar year."

 

This announcement contains inside information under the UK Market Abuse
Regulation. The person responsible for arranging for the release of this
announcement on behalf of the Company is Paul McGlone, CEO.

 

Enquiries:

 

 Seeing Machines Limited                    +61 2 6103 4700
 Paul McGlone - CEO

 Sophie Nicoll - Corporate Communications

 Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)               +44 20 7710 7600
 Alex Price

 Fred Walsh

 Brough Ransom

 Ben Good

 

About Seeing Machines (AIM: SEE), a global company founded in 2000 and
headquartered in Australia, is an industry leader in vision-based monitoring
technology that enable machines to see, understand and assist people. Seeing
Machines is revolutionizing global transport safety. Its technology portfolio
of AI algorithms, embedded processing and optics, power products that need to
deliver reliable real-time understanding of vehicle operators. The technology
spans the critical measurement of where a driver is looking, through to
classification of their cognitive state as it applies to accident risk.
Reliable "driver state" measurement is the end-goal of Driver Monitoring
Systems (DMS) technology. Seeing Machines develops DMS technology to drive
safety for Automotive, Commercial Fleet, Off-road and Aviation. The company
has offices in Australia, USA, Europe and Asia, and supplies technology
solutions and services to industry leaders in each market vertical.

www.seeingmachines.com (http://www.seeingmachines.com)

 

 

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