Defence Holdings (ALRT) H1 2026 earnings summary

Executive summary

• Advanced Project Ixian into pre-contract phase with its first customer, reflecting rapid progress in defence technology delivery and operational integration.

• Strengthened financial position through successful capital raising, strategic partnerships, and transition to a defence-focused operating model.

• Deepened integration with major technology partners and expanded engagement with allied defence stakeholders.

• Leadership and governance reinforced with key appointments, including a new Non-Executive Chairman and CTO.

Financial highlights

• Total assets increased from £77,000 to £2.72 million, driven by capital raised and partnership formation.

• Total liabilities reduced from £729,000 to £78,000, improving balance sheet resilience.

• Cash reserves rose from £69,000 to £2.21 million by period end.

• Revenue for the six months ended 30 September 2025 was £4.33 million; gross profit was £3.13 million.

• Operating loss for the period was £3.74 million; loss after tax was £3.51 million.

Outlook and guidance

• Entering a busy Q1 with planned updates on existing products and initiation of new strategic workstreams.

• CEO appointment expected in Q1 2026 to drive next phase of commercial delivery.

• Continued focus on operational demand-driven growth and disciplined capital deployment.