Sales Enablement

Huge news my $eos.ax people!!!!

$EOS.AX MARSS acquisition update - unpacking it below as this is transformational for the company. Headline order book * EOS standalone - A$509m (up from A$136m end- 2024) * MARSS adds: A$217m * Pro-forma combined: A$726m * ~5.3x order book growth in 17 months The new contract * €102m (£85m / ~A$160m) from an existing Middle East national defence force * Country-wide drone detection and mitigation, NiDAR C2 at the core * ~70% of revenue and cash earned in 2026 and 2027, support tail running another three years * Several additional pipeline opportunities each over $100m flagged by management NiDAR is now battle-proven * Successfully defeated Shahed drone and missile attacks in active conflict * In c-UAS procurement right now, field credibility against Shahed-class threats is the buying signal * That credibility is what unlocks the follow-on pipeline Deal terms revised, mostly in EOS's favour * Upfront US$36m paid today, unchanged * Earnout cap lifted from €100m to €140m * But vendors now need €700m of new orders to hit max (was €500m), so the bar moved up too * First €500m of orders converts at A$7.40 per share. Above that, the next €200m converts at VWAP, so dilution scales with the share price * Three earnout tranches now (90 days, 270 days, May 2027) instead of two Funded with debt, not equity * A$70m drawn from the WHSP secured term loan * No discount placement, no register pain on the acquisition itself * Earnout shares are contingent on MARSS hitting hurdles, not given away upfront The integrator thesis is playing out * EOS now has the full counter-drone stack: detect, decide, defeat * Apollo HELW and remote weapon systems on the effector side, NiDAR C2 on the AI/software side * Software-led acquisition. The C2 layer was the gap and MARSS fills it * This is what distinguishes EOS from a pure hardware integrator

Huge news my $eos.ax people!!!!