DroneShield Options Vest as Cash Receipts Hit $200m Milestone

DroneShield Limited ( (AU:DRO) ) has issued an announcement.

DroneShield has announced the vesting of 9.22 million performance options after the company achieved a milestone of $200 million in cash receipts over a rolling 12-month period, reflecting a sharp uplift from when the options were originally granted to incentivise staff during a lower sales phase. The options, held by employees including the CEO but excluding non-executive directors, contribute to a potential fully diluted share count of about 930.4 million shares, and form part of a broader incentive framework that has recently been upgraded with new, higher performance hurdles of $300 million, $400 million and $500 million in revenue or cash receipts. The rapid crystallisation of multiple option tranches, tied to the company’s strong growth, has resulted in a non-cash share option expense of $23.5 million for 2025, underscoring both the acceleration in DroneShield’s financial performance and the growing dilution and cost considerations for shareholders.

The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.

More about DroneShield Limited

DroneShield Limited is an Australian defence technology company that provides artificial intelligence-based platforms to protect against advanced threats such as drones and autonomous systems. Its solutions are designed for terrestrial, maritime and airborne deployment and are sold to military, intelligence agencies, government bodies, law enforcement, critical infrastructure operators and airports.

Average Trading Volume: 24,473,879

Technical Sentiment Signal: Buy

Current Market Cap: A$4.33B

Find detailed analytics on DRO stock on TipRanks’ Stock Analysis page.