Aquirian (ASX:AQN) reported a solid start to FY26, delivering higher revenue, sharply improved earnings and increased operational activity across its energetics and technology businesses in the half year ended Dec. 31, 2025.
Total revenue rose 27.4% from the prior corresponding period to $16.9 million, while EBITDA more than doubled to $2.5 million.
The balance sheet also strengthened, with net assets of $16.1 million and cash and cash equivalents of $6.7 million.
Managing Director Greg Patching said the first half was "busy and productive," marked by the completion of the company's "Full Potential" strategic review, clearer operational priorities and a strengthened executive team to support the next phase of growth.
During the period, Aquirian advanced its Wubin Energetics Precinct strategy, including regulatory approval to upgrade emulsion storage, progress on mobile process unit downhole services, and continued development of automated detonator manufacturing and storage infrastructure.