REG - Seeing Machines Ltd - Q2 FY2026 Quarterly KPIs

Seeing MachinesAnnouncement

11/02/2026 07:00

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RNS Number : 5348S  Seeing Machines Limited  11 February 2026

 

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

 

 

11 February 2026

Q2 FY2026 Quarterly KPIs

 

Automotive production surpasses 4.8 million vehicles with a significant
increase in Guardian sales

 

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 31 December 2025 ("Q2 FY2026").

 

Q2 FY2026 KPI highlights:

 

-     Cars on the road with Seeing Machines' Driver and Occupant
Monitoring System (DMS/OMS) technology increased to 4,818,731 units,
representing an increase of 67% from 12 months ago (Q2 FY2025: 2,883,745)

-     Quarterly production of 578,363 units, up 13% from the previous
quarter (Q1 FY2026: 510,167) and up 117% from the previous corresponding
quarter (Q2 FY2025: 266,654), demonstrating continued sequential growth

-     Guardian hardware sales of 3,764 units, representing a significant
increase on the previous quarter (Q1 FY2026: 368)

 

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

 

                       Q2 FY2025  Q3 FY2025  Q4 FY2025  Q1 FY2026  Q2 FY2026
 Production FY2025-26  266,654    358,162    488,294    510,167    578,363
 % Growth Qtr on Qtr   (34%)      34%        36%        4%         13%
                       Q2 FY2024  Q3 FY2024  Q4 FY2024  Q1 FY2025  Q2 FY2025
 Production FY2024-25  208,231    313,662    381,215    405,669    266,654
 % Growth Comparative  28%        14%        28%        26%        117%

 

Automotive production volumes include actual volume from programs that have
minimum guaranteed volume arrangements. In Q2 FY2026 actual production
exceeded the minimum guaranteed volume, however, actual volumes remain below
the minimum guaranteed levels on a cumulative basis.

 

Seeing Machines continues to deliver quarter-on-quarter growth in DMS
shipments. Looking ahead, royalty growth is expected to accelerate as
Automotive OEMs increase DMS fitment rates to meet the European General Safety
Regulation (GSR) mandate effective July 2026. While some new RFQs have been
deferred, existing production programs are expected to expand across European
platforms as OEMs move to comply within the remaining regulatory timeframe.

 

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

                               Q2 FY2025  Q3 FY2025  Q4 FY2025  Q1 FY2026  Q2 FY2026
 Guardian Hardware unit sales  288        1,151      2,536      368        3,764
 Annual Recurring Revenue      $13.4m     $13.4m     $13.5m     $13.5m     $14.0m
 % Growth Qtr on Qtr           (1%)       -          1%         -          4%

 

Guardian sales increased significantly quarter-on-quarter, reflecting
increased customer engagement and continued progression of the opportunities
through the sales cycle. The increase in hardware sales is also contributing
to Annual Recurring Revenue (ARR) as sales of new Guardian units are installed
and connected. Guardian generates recurring, high-margin service revenue, with
customer contracts typically spanning an average term of approximately 36
months.

 

Paul McGlone, CEO of Seeing Machines, commented: "We are seeing increasing
demand for our technology across Automotive as OEMs prepare for regulatory
change, reinforcing the long-term role of driver monitoring within vehicle
safety architectures. In Aftermarket, the step-up in Guardian sales activity
is very encouraging and supports our focus on customers progressing through
trial phases toward broader deployment.

 

"The volumes achieved for Automotive and Guardian sales mark steady progress
from prior quarters. We still expect to achieve positive adjusted EBITDA in Q3
and for the second half of FY2026 (excluding the impact of the recently
announced up-front royalty payment)."

 

The Company expects to publish its H1 FY2026 Trading Update on 18 February
2026.

 

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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