What is the current cash position of Aquirian (ASX:AQN)?

Aquirian (ASX:AQN) concluded the financial year with $11.6 million in cash and cash equivalents. This balance sheet position was supported by the successful completion of an $8 million capital raising.

What are the details of the contract secured by the Drillforce subsidiary of Aquirian (ASX:AQN)?

The Drillforce subsidiary of Aquirian (ASX:AQN) secured a three-year contract valued at $48 million with Brightstar Resources (ASX:BTR). The company stated that this contract is part of a broader five-year strategic framework agreement.

What technology did Aquirian (ASX:AQN) deploy during the financial year?

Aquirian (ASX:AQN) completed the deployment of its automated tracking technology across its entire Drillforce fleet. The company stated that this rollout involved its patented Collar Keeper automated system.

What infrastructure expansion is Aquirian (ASX:AQN) currently undertaking?

Aquirian (ASX:AQN) is currently progressing expansion works at its Wubin emulsion manufacturing facility. The company stated that the site achieved record monthly production during the financial year while expansion activities remained underway.

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Aquirian reports full-year revenue of $32M

Written by Heidi Cuthbert Published Jul 12, 2026, 11:44 PM

Aquirian expanded its full-year revenue to $32 million, while its EBITDA increased by 193.6% during the period.
The company concluded the financial year with $11.6 million in cash and cash equivalents following an $8 million capital raising.
Operational growth was supported by its subsidiary Drillforce securing an initial $48 million contract with Brightstar Resources.

Mining services firm Aquirian (ASX:AQN) generated $32 million in full-year revenue following expanded operations across its business divisions.

The revenue figure represents a 22.8% increase compared to the prior corresponding period.

"These achievements, together with a strengthened balance sheet and continued investment across our Mining Services division, provide a strong platform for future growth," said Aquirian Managing Director Greg Patching.

The company reported that its subsidiary Drillforce secured a three-year contract valued at $48 million with Brightstar Resources (ASX:BTR).

Following the announcement, the Aquirian share price was unchanged at $0.40.

The business completed a deployment of its automated tracking technology across the entire Drillforce fleet during the year.

The company also stated that expansion works remain underway at its Wubin emulsion manufacturing facility.