Tag: Stock pick

Paladin Energy Ltd (ASX: PDN) shares are under pressure on Wednesday after the company released its latest quarterly update.

The stock is down 2.79% to $13.23 in morning trade, extending losses seen earlier in the week.

That comes after a strong run to start the year. Even with today’s drop, the share price is still up around 40% in 2026.

Today’s update puts the focus back on the core numbers and how the ramp-up is tracking.

Let’s take a closer look.

Production moves higher, guidance lifted

The March quarter showed steady progress at the Langer Heinrich Mine in Namibia.

Paladin reported uranium oxide production of 1.29 million pounds for the quarter, up 5% on the previous period.

Sales volumes came in at 1.03 million pounds, with an average realised price of US$68.3 per pound, as more contracts moved in line with market pricing rather than fixed agreements.

However, the bigger change came in its guidance.

Full-year production expectations have been lifted to a range of 4.5 to 4.8 million pounds, up from the prior 4 to 4.4 million pounds, reflecting stronger plant performance and improved recovery rates during the quarter.

The operation is still ramping, but output is starting to build more consistently.

Costs and cash remain in focus

While production improved, costs are still a key part of the update.

Cost of production for the quarter came in at US$40.3 per pound, broadly in line with recent periods.

There was also a benefit from processing previously mined stockpiles, which helped keep costs stable.

On the balance sheet, Paladin reported cash and investments of US$219.5 million at the end of March.

The company also retains access to an undrawn US$70 million revolving credit facility, leaving room to fund ongoing operations and development work.

Capital expenditure and exploration spend were lower under the updated guidance, with spending now expected to come in below earlier estimates.

Growth pipeline continues to build

Beyond Namibia, attention is turning to Canada.

The Patterson Lake South project continues to move through development stages, with regulatory approvals progressing.

An environmental approval was received during the quarter, clearing a key hurdle.

At the same time, Paladin has started updating engineering studies to refine the project pathway.

Exploration drilling also continued, targeting extensions and new discoveries around the existing resource.

While still pre-production, the project is expected to play a major role in longer-term growth.

Foolish takeaway

The latest update shows a business continuing to lift output as the ramp-up progresses.

Production is building, guidance has been lifted, and the balance sheet remains solid.

The share price reaction suggests much of that progress was already priced in.

With the stock still well ahead this year, the focus now shifts to delivery across the next few quarters.

The post Paladin shares are falling again. Here’s what investors might be overlooking appeared first on The Motley Fool Australia.

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• Paladin Energy hikes FY2026 outlook after Langer Heinrich ramp-up

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Fresh guidance out of Morgans indicates healthy upside for two ASX All Ords shares. 

Here’s what the broker had to say. 

Gemlife Communities Group (ASX: GLF)

GemLife Communities Group is a developer, builder, owner, and operator within Australia’s Land Lease Community (LLC) sector.

This All Ords stock has fallen almost 10% year to date, however, fresh analysis from Morgans indicates it could rebound. 

The recent share price weakness looks overdone in our view. We have used the pullback as an opportunity to reassess key assumptions (ASP, settlement volumes, home build margins and gearing) in the context of the Iran conflict, a higher rate outlook, softer auction clearance rates and renewed cost inflation concerns.

The broker remains confident in the company’s near-term and long-term earnings growth prospects. It has upgraded the stock to a buy (previously accumulate).

Firstly, the demand thematic remains favourable, supported by a lack of downsizing options for an aging population and a customer cohort less exposed to financing and affordability pressures than other residential segments. Second, GLF’s pipeline and current level of development activity leave the business well placed to capitalise on this demand and drive meaningful volume growth over the next few years.

Lastly management has built a robust business model, characterised by low inventory risk, a vertically integrated platform and a demonstrated track record of managing home build margins through varying cost environments which we believe position GLF well to navigate the current operating landscape.

The broker has a target price of $5.66 on this ASX All Ords stock, which indicates an upside potential of 23% from yesterday’s closing price. 

MA Financial Group Ltd (ASX: MAF)

This ASX All Ords stock is a diversified financial services company, specialising in managing alternative assets, lending, corporate advisory, and equities.

Its share price has fallen significantly in 2026, by more than 30%.

Yesterday, it released its 1Q26 Operating Update.

This included an increase in assets under management (AUM) of 44% on 1Q25 to $14.8 billion. 

Management noted total AUM was down 3% over the quarter, largely due to the previously flagged sale process of Marion shopping centre. 

It said this will have an immaterial impact on FY26 revenue owing to the nature of this single client mandate.

Following the release, the team at Morgans said the key takeaway from the quarterly, in its view, was a softer Asset Management performance. 

The broker said this was impacted by market volatility, which overshadowed continuing robust MA Money loan book growth. 

As a result, the broker downgraded earnings per share (EPS) by 6% to 7% for FY26 and FY27. 

Our price target is revised to A$10.93 (from A$11.69). MAF has demonstrated consistent delivery in recent periods and, in our view, is well placed to deliver strong long-term growth. With >20% upside to our price target following recent share price weakness, we maintain our BUY call.

Despite the lowered price target, there remains an estimated 45% upside for this All Ords stock from yesterday’s closing price of $7.53. 

The post Two ASX All Ords shares with 20% to 45% upside according to Morgans appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ma Financial Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Northern Star Resources Ltd (ASX: NST) shares are on the move on Wednesday.

At the time of writing, the ASX 200 gold stock is down over 3% to $22.88.

Why are Northern Star shares falling today?

The company’s shares are under pressure after delivering a mixed third quarter update that highlighted ongoing cost pressures.

According to the release, Northern Star reported gold sales of 381,000 ounces for the quarter at an all-in sustaining cost (AISC) of A$2,709 per ounce.

This reflects Kalgoorlie gold sold of 210,312 ounces at an AISC of A$2,550 per ounce, Yandal gold sold of 104,922 ounces at an AISC of A$3,347 per ounce, and Pogo gold sold of 65,573 ounces at an AISC of US$1,529 per ounce.

Guidance update

Importantly, the company reaffirmed its previously downgraded FY 2026 production guidance of above 1.5 million ounces.

This follows a revision earlier in the year, with its performance still dependent on mill throughput at its key KCGM operations.

At the same time, cost guidance remains elevated, with AISC expected to be in the range of A$2,600 to A$2,800 per ounce.

This represents a step up from early expectations of A$2,300 to A$2,700 per ounce.

Growth spending increases

Another key feature of the update is the continued rise in capital expenditure.

Northern Star now expects FY 2026 growth capital expenditure to be between A$2.315 billion and A$2.425 billion, with revisions linked to its major KCGM Mill Expansion Project.

Management notes that higher costs are being driven by factors such as poor construction productivity and cost inflation, which have pushed up spending requirements.

While these investments are aimed at supporting long-term growth, they are weighing on near-term returns.

Commenting on the quarter, Northern Star’s managing director, Stuart Tonkin, said:

The March quarter demonstrated improved operational performance, with the Company forecast to deliver its revised FY26 production guidance of above 1.5Moz. As previously disclosed, this outlook remains particularly dependent on mill throughput at KCGM, with downside and upside potential. Our share buy-back announcement during the quarter reflects confidence in the strength of our business, the structural uplift in cash generation expected from the ramp-up of the new Fimiston processing plant and the compelling value we see in our share price.

The KCGM Mill Expansion remains on track for commissioning in early FY27. At the same time, our team continues to optimise the engineering and design of the Hemi Development Project while advancing approvals.

The post Why are Northern Star shares sinking today? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Qube Holdings Ltd (ASX: QUB) share price is in focus today after the company announced it has received an ASX waiver enabling a flexible timetable for its proposed scheme of arrangement. The move could allow shareholders to benefit from a fully franked special dividend, if one is declared.

What did Qube report?

• Received an ASX waiver of Listing Rule 7.40 to permit a customised scheme implementation timetable.
• Potential for a fully franked special dividend to be paid following scheme effectiveness.
• Bidder Rubik Australia Pty Limited is set to acquire 100% of Qube shares via the scheme of arrangement.
• Qube Board intends to send scheme documentation after the upcoming court hearing on 23 April 2026.
• Board unanimously recommends the scheme, in the absence of a superior proposal and with positive independent expert advice.

What else do investors need to know?

The ASX waiver allows Qube to deviate from the standard scheme timetable, as outlined in the Scheme Implementation Deed with Rubik Australia. This flexibility supports drawing down funds and potentially paying a special fully franked dividend to eligible shareholders.

Notices of meeting and the scheme booklet are expected after the first court hearing on 23 April 2026, with the scheme meetings likely scheduled for June 2026. The Qube Board reiterates its support for the bid, provided it remains in shareholders’ best interests.

What’s next for Qube?

Qube Holdings plans to issue meeting documents following the first court hearing, and shareholders will have their say on the proposal in June 2026. If all conditions are met, including court and shareholder approval, the special dividend and scheme implementation could follow soon after.

The Board continues to focus on delivering value for shareholders throughout this process and will provide further updates as milestones are reached.

Qube share price snapshot

Over the past 12 months, Qube shares have risen 32%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

View Original Announcement

The post Qube Holdings wins ASX waiver for flexible scheme timetable and dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

For investors looking to add portfolio exposure to big upside, the team at Morgans have just updated guidance on Mitchell Services Ltd (ASX: MSV). 

Mitchell Services engages in the provision of drilling services to the mining industry. It offers greenfield exploration, project feasibility, mine site exploration, resource definition, development, and production.

It has been a high-performing ASX small-cap stock in recent times. 

Its share price has climbed more than 50% year to date, and 90% in the last year. 

For context, the ASX 200 has risen 14% in that same span. 

This kind of return is the reason many investors consider small-cap shares, as they often come with increased upside compared to blue-chip stocks.

Investors who have been monitoring the company may be wondering whether this strong run can continue. 

Quarterly update

Yesterday, the company released its quarterly update, which included:

• Quarterly EBITDA of $11.2m – up 110% vs FY25 Q3
• FY26 YTD EBITDA of $32.6m
• FY26 YTD EBT of $15.9m

Speaking on the results, management said: 

Pleasingly, the material improvement in operating conditions and financial performance experienced in 1H26 has continued throughout FY26 Q3. As a result, the FY26 financial performance represents a dramatic improvement vs FY25 Q3 and provides a strong foundation to deliver a significantly improved full year FY26 result versus FY25.

Morgans’ updated view

Following the release, the team at Morgans updated its guidance on this ASX small cap. 

The broker said EBITDA margins continue to show resilience, expanding to ~23% in 3Q from ~20% in 2Q and up from ~11.5% in 3Q25, showing MSV has delivered a step-change in business performance in FY26. 

MSV exits Q3 in a strong position on its balance sheet, carrying net debt of $0.9m, after absorbing the $8.5m (4cps) dividend payment made during the quarter. This positions management with capital allocation optionality as it enters 4Q25 and looks toward FY27. MSV continued to execute well in 3Q, with FY26 shaping up as a strong year for earnings, sustainably higher EBITDA margins, improving free cash flow, and scope for ongoing shareholder returns.

Based on this guidance, the broker upgraded its rating to an accumulate (previously hold). 

The broker has also placed a target price of 55 cents. 

However, despite the positive outlook, the broker’s price target indicates the small cap is already trading close to fair value. 

After closing yesterday at 52 cents per share, the target price from Morgans indicates an upside potential of just over 5%. 

The post This must-watch small cap is up 50% YTD – can it continue? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Ramelius Resources Ltd (ASX: RMS) share price is in focus today after the company released exploration results for its Dalgaranga project, highlighting high-grade gold discoveries that suggest new underground mining potential at Gilbey’s.

What did Ramelius Resources report?

• Exceptional drill results from Gilbey’s Underground, including 3.9m at 21.2g/t Au and 6.1m at 10.4g/t Au
• Total Mineral Resources at Gilbey’s Underground stand at 6.9Mt at 1.9g/t for 380,000oz gold
• Exploration Target area estimates an additional 2.1–4.7Mt at 1.5–2.0g/t for 100,000–300,000oz (conceptual)
• Strong exploration intersections at Sly Fox, with 16.5m at 2.45g/t Au and 0.6m at 24.3g/t Au
• Ongoing drilling also targeting open pit cutbacks and further extensions at Dalgaranga corridor

What else do investors need to know?

Drilling at Gilbey’s Underground, specifically West Winds and Four Pillars, is validating previous resource estimates and has the company considering this area for its next underground mine at Dalgaranga. The results could displace lower-grade ore previously scheduled for input into the mill in FY29 and FY30, supporting Ramelius’s broader production goals.

At the Plymouth-Sly Fox region, drilling is focused on adding higher-grade underground and open pit options to future production schedules. Several new drill results, some pending, are pointing towards potential resource growth. The company also has exploration underway at the nearby Golden Wings and Gilbey’s South areas, with further results expected.

What did Ramelius Resources management say?

Executive General Manager Exploration Peter Ruzicka said:

We continue to be impressed by what the Dalgaranga system has to offer with high-grade remaining a consistent feature. Our exploration strategy, targeting high-grade opportunities is delivering. These early drill results further enhance our confidence that Gilbey’s Underground (West Winds and Four Pillars) has the potential to become the next underground mine at Dalgaranga. Our strategy of defining additional resources at these existing assets while making new discoveries within the northern corridor is progressing well. We have yet to realise the full potential for new opportunities to grow within this developing operation for Ramelius.

What’s next for Ramelius Resources?

Ramelius plans to commence further drilling at Gilbey’s Underground in late April 2026, aiming to upgrade more resources and extend known high-grade zones. Additional resource definition and exploration are also planned for the Sly Fox and Plymouth deposits, with an eye to incorporating these into future technical studies and mine planning.

The company is striving to lift its group gold production above the targeted 525,000 ounces per annum by FY30, through both conversion of inferred resources and new discoveries along the Dalgaranga mine corridor.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius Resources shares have risen 33%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

View Original Announcement

The post Ramelius Resources shares: Dalgaranga exploration lifts future mine potential appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Treasury Wine Estates Ltd (ASX: TWE) shares are taking off today.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed yesterday trading for $4.05. In early morning trade on Wednesday, shares are changing hands for $4.69 apiece, up 15.8%.

For some context, the ASX 200 is down 0.5 at this same time.

While Treasury Wine shares remain down 45.8% over 12 months, the stock has now rebounded 39.2% since plumbing a multi-year closing low of $3.37 a share on 26 March.

Here’s what’s catching investor interest today.

Treasury Wine shares surge on new business model

Treasury Wine shares are leaping higher after the company announced that it is transitioning to a new regional operating model to improve efficiency.

The move is part of TWE Ascent, Treasury Wine’s global transformation program, intended to address the headwinds of recent years and position the business for sustainable growth.

The ASX 200 wine stock will switch to the new regional operating model commencing on 1 October. This will see the company operate four regional divisions:

• The Americas
• Australia and New Zealand (ANZ) and Europe
• Greater China
• Emerging Markets (Rest of Asia, Middle East and Africa)

“We are reshaping TWE to drive clearer accountability for performance and to enable faster, more market-connected decision-making as a foundation for consistent depletions growth,” Treasury Wine CEO Sam Fischer said.

Fischer added:

Combining the deep local insight of our in-market teams with the scale and expertise of our global functions will step change in-market execution, whilst retaining our enhanced focus on Penfolds and other priority luxury brands.

What else did the ASX 200 wine company announce?

Treasury Wine shares may also be catching tailwinds today with the company providing a third-quarter (Q3 FY 2026) depletions update.

Bearing in mind that depletions tend to indicate the company’s wines are moving well on a retail level, the company reported that depletions were up 40% in China on a seasonally adjusted basis, with momentum said to be continuing to the end of Q3.

In ANZ, depletions grew 11%, while in Asia ex-China, depletions grew 14% on a seasonally adjusted basis.

US markets also saw an improvement, with depletions up 9.1% quarter on quarter.

“I am pleased with the progress we are making on elevating our focus on depletions performance across our key markets, and we remain focused on continuing the improved momentum,” Fischer said.

And finally, Treasury Wine shares now have access to additional debt funding, with the company announcing it has established new debt commitments totalling $300 million from a number of global bankers.

The post Why are Treasury Wine shares rocketing 16% today? appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in ASX 200 hearing implant maker Cochlear Ltd (ASX: COH) have plunged by more than a third after the company announced a massive downgrade in expected full year earnings.

Rapid worsening hits the bottom line

In a statement to the ASX on Wednesday morning the company said it now expected its underlying net profit to come in at $290-$300 million, down from a previous range of $435-$460 million.

The company said that trading conditions had weakened in recent months.

As the company said:

Since January trading conditions for cochlear implants in developed markets have been softer than expected, with revenue flat for the quarter in constant currency. Near term surgical volumes have been affected by a combination of hospital capacity constraints and reduced referral activity from the hearing aid channel. Consumer sentiment has declined in key markets, reaching historic lows in the US. The decline appears to be affecting discretionary healthcare decisions in the adults and seniors segment, adding to demand uncertainty in the near term.  

Cochlear said surgical volumes had been “constrained” in Western Europe, “resulting in growing waiting lists for surgery in markets including the UK and Germany, while industrial action in Italy and Spain has restricted surgical throughput”.

The US had been trading in line with expectations until mid-February, Cochlear said, with volumes then declining in March.

Still a large unmet need

The company’s Chief Executive Officer Dig Howitt said:

Addressing hearing loss in adults and seniors continues to be treated as a discretionary intervention, highlighting the importance of our strategy to medicalise hearing loss so that treatment is recognised as an important health priority. We remain confident of our market leadership. We have seen strong adoption of the Nucleus Nexa System across the developed markets, with very positive customer feedback and a strong interest in exploring the system’s potential to further improve hearing outcomes. With contracting of the new system complete, market share has been improving. Looking forward, we have a broad R&D pipeline of growth enhancing technology. We are progressing towards commercialisation of next generation implants with two clinical studies for regulatory approval of a drug eluting electrode now fully recruited, and initial results are being analysed; and two studies for regulatory approval of the totally implantable cochlear implant underway.

Cochlear said that growth was solid in emerging markets, however the company expected order cancellations in the Middle East.

A reduction in reimbursements in China would also lower premium tier sales in the second half.

Cochlear said it continues to expect strong services revenue growth in the second half, with third quarter revenue up 13% on a constant currency basis on last year.

Cochlear also said it was also working on “reshaping components of our organisation to deliver a more flexible and lower cost-to-serve cost base”

Cochlear shares were 36.4% lower in early trade at $106.86.

The post Why are Cochlear shares down 36% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Vault Minerals Ltd (ASX: VAU) share price is in focus today after the company reported March quarter gold production of 78,578 ounces, quarterly free cash flow of $229 million, and a maiden interim dividend paid in April.

What did Vault Minerals report?

• Gold production: 78,578 ounces for the quarter; 247,203 ounces year-to-date
• Gold sales: 77,707 ounces at an average realised price of A$6,987 per ounce
• All-in Sustaining Cost (AISC): A$3,006 per ounce for the quarter; A$2,909 per ounce YTD
• Quarterly free cash flow: $229 million, up 1,808% quarter-on-quarter
• Maiden interim dividend: 7 cents per share ($73 million), paid in April
• Cash and bullion: $728 million at quarter end, with no debt

What else do investors need to know?

Vault completed Stage 1 of its King of the Hills (KoTH) plant upgrade in March, with the new crushing circuit ramping up and demonstrating increased throughput ahead of Stage 2 commissioning in FY27. Capital investment for growth remains elevated but is focused on KoTH expansion and supporting projects at Deflector and Leonora regions.

The company continued its share buyback, deploying $39.6 million in the quarter and purchasing 8.8 million shares, positioning Vault among the highest yielding mid-cap gold producers in Australia. Exploration results across the portfolio are encouraging, especially at KoTH and Darlot, underpinning strategies to keep production strong beyond FY28.

What’s next for Vault Minerals?

Vault is on track to deliver its FY26 production guidance of 332,000–360,000 ounces at an AISC between A$2,650 and A$2,850 per ounce. The KoTH Stage 2 processing plant upgrade is on schedule and on budget for commissioning in Q2 FY27, targeting a ~50% increase in throughput and a 34% lift in Leonora region gold production.

Further exploration and resource definition drilling at KoTH, Darlot, and Deflector aims to extend mine life and support sustained production. Preparations are also underway for a restart at Sugar Zone in Canada once permitting is complete.

Vault Minerals share price snapshot

Over the past 12 months, the Vault Minerals share price has risen 45%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 14% over the same period.

View Original Announcement

The post Vault Minerals posts strong Q3 gold production and free cash flow jump appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The DroneShield Ltd (ASX: DRO) share price is jumping on Wednesday morning.

At the time of writing, the counter-drone technology company’s shares are up 4.5% to $3.98.

This follows the release of the company’s eagerly anticipated first-quarter update before the market open.

DroneShield share price jumps on quarterly update

For the three months ended 31 March, DroneShield reported its highest ever customer cash receipts in a quarter and the second‑highest revenue in a quarter.

Management believes these results continue the positive trajectory from 2025, during which DroneShield achieved all‑time record performance across key metrics.

According to the release, the company achieved revenue of $74.1 million in the first quarter. This is up 121% on the prior corresponding period. Management notes that this is higher than its trading update implied due to the timing of deliveries in late March.

This means that FY 2026 committed revenue to date is now $154.8 million, which is comfortably higher than the $94.4 million it reported at the same point last year.

Management notes that this has been driven by a steady flow of repeat and new end-user orders, many of which are below the $20 million materiality reporting threshold, with a $59 million increase in committed revenue since the start of 2026.

SaaS revenue continues to grow strongly, increasing by 205% year on year to $5.1 million. This means that SaaS now accounts for 6.9% of revenue, which is up from 5.4% in FY 2025.

Also catching the eye were its cash receipts, which grew 360% to $77.4 million, and its net operating cash flow of $24.1 million, which helped drive a 13% increase in cash balance to $222.8 million.

Outlook

DroneShield revealed that its sales pipeline now stands at $2.2 billion across a total of 312 projects.

The bulk of this is in the European and UK markets, which accounts for $1.1 billion of its sales pipeline across 77 projects.

Elsewhere, the US sales pipeline totals $268 million across 126 projects and the Asia market has a sales pipeline of $501 million across 28 projects.

It is worth noting that DroneShield’s sales pipeline is lower than the $2.3 billion across 296 projects it reported in February. However, management notes that this reflects net project movement of negative $84 million from the conversion into sales and change in scope and currency movements of +$30 million.

Looking longer term, the company has spoken about its 2030+ vision. This includes a revenue target of $1 billion with significant recurring revenue >30%.

It will also look to achieve this with “strong diversification across end-users, geographies and product solutions, with hardware and software updates.”

The post DroneShield share price jumps after reporting 121% Q1 revenue increase appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.