Senetas secures multi-million dollar South American sale
Cybersecurity leader Senetas (ASX:SEN) completed a sale to a large government agency in South America.
The transaction, facilitated through global distribution partner Thales, marks the company's first major entry into the region and represents its largest-ever sale of CV series virtualised encryption technology.
The total transaction value is approximately US$1.7 million, comprising a perpetual software licence and a four-year maintenance agreement.
Senetas anticipates this deal will bolster its FY26 profit before tax by between $1.3 million and $1.4 million.
CEO Andrew Wilson highlighted the strategic importance of the deal, noting that the customer's requirement for a local sovereign encryption algorithm—a unique capability of Senetas’s products—is a growing trend driving global revenue.
Wilson expressed optimism for further large-scale deployments within the next 12 months.
Parallel to this expansion, Senetas confirmed the completion of a previously delayed Middle Eastern transaction.
The deal, worth approximately US$0.9 million, was stalled late last year due to export permit delays. With the transaction now finalised, the company expects to report an additional profit before tax of $0.9 million to $1 million in the second half of FY26.
The developments underscore Senetas’s push into new markets and its ability to navigate complex international regulatory landscapes while delivering high-assurance defence-grade security solutions.
At the time of reporting, Senetas’ share price was $2.18.
