A Mobilicom Tier-1 defense customer won a U.S. Department of War (DoW) Program of Record, indicating a potential production scale orders for the next 5 years
Cash and cash equivalents surge 120% to $19.1 million following $12.6 million in 2025 warrants exercise and equity raises
With revenues up year-over-year at $3.4 million, monthly operating cash burn was cut by 41% to $159K -- lowest in Company history -- with zero-debt on balance sheet
Launch of industry-first Secured Autonomy$(TM)$ cybersecurity framework, multiple new design wins across Europe, Middle East and South Asia, and expanded U.S. Tier-1 drone production-scale orders drive multi-market momentum
Webcast scheduled for 4:30 pm EST today
PALO ALTO, Calif., March 23, 2026 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) ("Mobilicom" or the "Company"), a provider of cybersecurity and robust solutions for drones and robotics, today announced reported financial results for the year ended December 31, 2025.
"2025 marked another year of strong growth and strategic progress for Mobilicom," said Mobilicom Founder and CEO Oren Elkayam. "We expanded relationships with Tier-1 customers, secured multiple design wins across global defense and robotics markets, and introduced our Secured Autonomy(TM) framework--an industry-first cybersecurity solution designed to protect mission-critical autonomous systems. Together with Aitech, we also delivered the first AI-powered Secured Autonomy computing systems, further strengthening our position in secure autonomous platforms and positioning Mobilicom to potentially capture greater recurring software revenue as the autonomy market continues to accelerate. With our differentiated technology, expanding customer base, and growing product pipeline, we believe we are well positioned to drive continued growth and long-term shareholder value."
Operational Highlights and Recent Business Developments
During 2025, Mobilicom continued to expand its global presence and deepen engagement with leading defense, drone, and robotics manufacturers through new design wins, follow-on production orders, and technology partnerships.
One of Mobilicom's Tier-1 Customers Wins U.S. DoW Program of Record--Purchase Orders for Mobilicom's Systems Expected to Accelerate
-- The Tier-1 customer's contract win is part of a $249 million program
which has commenced production and deployments
-- Mobilicom is the customer's datalinks provider and its SkyHopper PRO and
ICE Cybersecurity Suite are essential components of the Tier-1 customer's
small-sized loitering drones which went through years of rigorous testing
leading to the Program of Record award
-- DoW Programs of Record are funded acquisition programs for systems that
have been formally approved and recorded in the Future Years Defense
Program (FYDP); These programs have a budget, and therefore provide
funding certainty, typically with a 5-year term.
-- Mobilicom expects a rise in system orders over the next five years as the
customer boosts production for this Program of Record. We expect the
program budget to increase significantly, since it was set four years ago,
before the surge in demand for loitering munitions caused by conflicts in
Ukraine and the Middle East.
-- Mobilicom believes that securing an initial Program of Record establishes
a critical incumbency advantage, positioning our Tier-1 customer to
capture future large-scale orders from the DoW and allied nations. We
anticipate that this initial success will serve as a catalyst for
additional Program of Record wins, driving sustained, long-term demand
for Mobilicom's embedded systems.
Growing Tier-1 Customer Confidence Drives Follow-On Production Orders and Expanded Deployments
-- A Tier-1 U.S. drone manufacturer, one of the largest manufacturers of
small-sized drones, continued to place production orders in 2025, scaling
from few hundreds of thousands to $1.55 million as released in September
2025-- reflecting deepening integration of Mobilicom's SkyHopper PRO
cybersecure datalinks into its scaling production programs and continued
momentum with leading U.S. defense and commercial customers
-- Received a follow-on production order from an Asia-based Tier-1 robotics
manufacturer, reflecting ongoing integration of Mobilicom's cybersecure
solutions into commercial robotics platforms at scale
-- Mobilicom's Ground Control Stations were selected by one of Israel's
largest defense contractors for integration into remote-controlled weapon
system platforms -- demonstrating the growing applicability of
Mobilicom's solutions beyond UAS into broader autonomous and remote
weapons systems
New International Design Wins Across Europe, Middle East and South Asia Extend Mobilicom's Global Footprint
-- Secured a design win and initial order with an Israel-based drone
manufacturer to integrate Mobilicom's cybersecure systems into a new ISR
drone platform designated for deployment in India -- marking Mobilicom's
entry into the South Asian defense market
-- Secured a design win and initial order from a United Arab Emirates-based
defense manufacturer -- new customer engagement in the UAE -- expanding
the Company's presence in the rapidly growing Middle Eastern defense
market
-- Expanded presence in the European Union with a new customer design win
for Mobilicom's cybersecure systems to be deployed in critical
infrastructure protection and perimeter security applications, reflecting
growing European demand for autonomous security platforms
Industry-First Secured Autonomy(TM) Framework and AI-Powered Computing Partnerships Establish Mobilicom as the Standard for Autonomous System Cybersecurity
-- Launched Secured Autonomy(TM), the industry's first comprehensive
cybersecurity framework designed specifically to protect autonomous
drones and robotics platforms from cyber threats
-- Launched the industry-first Secured Autonomy(TM) compute system in
partnership with Aitech Systems, a prominent player in rugged embedded
computing and prime contractor to leading U.S. defense companies,
combining Mobilicom's cybersecurity and autonomy software with
NVIDIA-based AI computing platforms -- delivering an innovative,
field-deployable AI-powered secured autonomy solution for defense and
commercial UAS
-- Expanded the SkyHopper product family with the launch of SkyHopper
MultiBand -- the Company's latest SDR datalink delivering wider spectrum
coverage, extended operational range, and enhanced resilience against
electronic warfare threats, further strengthening Mobilicom's end-to-end
solutions for mission-critical autonomous platforms
Corporate Developments
-- Completed the transition from American Depositary Shares (ADSs) to a
direct listing of Mobilicom's ordinary shares on the Nasdaq Capital
Market, simplifying the Company's capital structure, broadening
accessibility for U.S. investors, and strengthening the foundation for
long-term Nasdaq-based growth
Financial Highlights for the Quarter and Year Ended December 31, 2025
-- Fourth quarter 2025 revenues were $926,000, reflecting continued growth
in the Company's revenue run-rate
-- Revenues grew to $3.4 million for the twelve months ended December 31,
2025, an increase of 7% compared to the previous year driven by growing
Tier-1 customer relationships and expanding global deployments across
defense and commercial autonomous platforms
-- Operating cash burn narrowed 41% to $1.9 million annually -- or
approximately $159,000 per month -- compared to $3.2 million, or $267K,
000 per month, in 2024, reflecting the Company's focus on
capital-efficient growth and demonstrating a clear path to positive
operating cash flow
-- Gross margin of 53% on hardware reflects strong IP-based technology value
while supporting higher-volume production orders
-- Record cash position of $19.1 million as of December 31, 2025 -- more
than double the $8.7 million held at end of 2024 -- following $12.6
million in warrants exercise and equity capital raised during the year,
providing a strong liquidity foundation to execute the Company's growth
strategy
-- EBITDA was approximately $(4.0) million for the twelve months ended
December 31, 2025, compared to $(3.2) million in the prior year
-- Clean, debt-free balance sheet with no loans, no credit lines, and no
convertible debt, providing Mobilicom with strategic and financial
flexibility
Conference Call & Webcast Info:
Monday, March 23, 2026, at 4:30 pm EST
US Dial-In: 833 548 0276 (89959667760#,*226028#) US Toll Free
833 548 0282 (89959667760#,*226028#) US Toll Free
A live webcast will be available at: HERE
A recording of the webcast will be available in the
"NEWS & MEDIA" section under ir.mobilicom.com website
for those unable to join the live event.
A copy of Mobilicom's annual report on Form 20-F for the year ended December 31, 2025, has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on Mobilicom's investor relations website at https://ir.mobilicom.com/. Mobilicom will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at liad.gelfer@mobilicom.com
About Mobilicom
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