HighCom revises projections for H2 FY26
- HighCom revised its financial projections for the second half of the 2026 financial year.
- The updated forecast estimates an EBITDA loss alongside a slower revenue expansion compared to previous targets.
- Management attributed the change to revenue recognition timing, shift in product mix, and deferred armour orders.
HighCom (ASX:HCL) has updated its market guidance, now forecasting a second-half earnings loss of between $1.2 million and $1.6 million alongside revenue growth of 70% to 100% over the first half.
The updated forecast marks a drop from the company's March 2026 projections, which had anticipated second-half revenue growing by 100% to 150% and earnings returning to breakeven or profitability.
The company stated that the revisions principally reflect the timing of revenue recognition, a change in product mix, and the deferral of certain armour revenue into the 2027 financial year.
Following the announcement, the HighCom share price was down at $0.14.
The business noted that its underlying financial performance is not the principal driver of the variance, and it maintains adequate available cash to support operations without needing to raise capital.
The update follows prior corporate actions, including securing a $4.5 million loan facility with the Commonwealth Bank and receiving a $9.81 million counter small uncrewed aerial system defence order.
