Announcements
ASX Announcement – HighCom Limited Receives A$5.6m SUAS Spare Parts Order
Key highlights: New A$5.6m (including GST) SUAS Spare Parts order received from Defence. Spare Parts will support AeroVironment SUAS previously acquired by Defence through HighCom Limited. Order will be completed in H2 FY25. Order is part of the multi-year...
2024 Annual Report and Appendix 4G
Please see the link below to the 2024 Annual Report and the Appendix 4G. Should you have any questions relating to both documents, please forward your email to investors@highcom.group. This announcement has been authorised for release by the HighCom Limited Board of...
ASX Announcement – HighCom Lodges Unaudited Preliminary Final Report (Appendix 4E)
In accordance with the Listing Rules, HighCom lodged it's Unaudited Preliminary Final Report (Appendix 4E) for HighCom Limited (HCL) for the financial year ended 30 June 2024. Please see the link below to the report. This announcement has been authorised for...
ASX Announcement – FY24 Guidance and Company Update
Highlights: H2 FY24 financial results in line with previous guidance Cash has significantly improved over H2 FY24, increasing from $1.6m to $6.2m No debt, with $3.2m of current working capital facilities available Relationship with AeroVironment extended and expanded...
ASX Announcement – HighCom Limited Receives New A$2.5m Ballistic Product Order
Key highlights:• New order of ballistic products from a military customer worth A$2.5m• Ballistic products to be supplied during H1 FY25• HighCom continues to engage closely with customers in domestic and global markets HighCom Limited (ASX: HCL, ‘HighCom’, ‘Group’)...
ASX Announcement – HighCom Limited Receives New A$8.9m Ballistic Product Order
Key highlights:• New order of ballistic products from a military customer worth A$8.9m• Ballistic products to be supplied during H1 FY25• HighCom continues to engage closely with customers in domestic and global markets HighCom Limited (ASX: HCL, ‘HighCom’, ‘Group’)...
ASX Announcement – Board Changes
HighCom Limited (ASX:HCL) (HighCom or the Company), advises that Mr Mark Stevens has advised his intention to step down from the board effective 31 July 2024. Mr Steven’s joined the board in February 2022 as Chairman and was appointed as Executive Chairman in February...
ASX Announcement – Guidance Update – 2HY turnaround expected to contribute positive EBITDA earnings of $1m-$3m
HighCom Limited (ASX: HCL) (the Company) is pleased to advise that the anticipated return to profitability in 2HY is forecast to deliver $1m-$3m in positive EBITDA earnings for the six months to 30 June 2024. The turnaround will partially offset the 1HY loss, with the...
ASX Announcement – Appointment of Joint Company Secretary
HighCom Limited (ASX: HCL) is pleased to announce the appointment of Adam Gallagher as Joint Company Secretary, effective today. Adam is a highly experienced Company Secretary, Director, and executive with a broad corporate skillset. He currently serves as Company...
ASX Announcement – HighCom Limited Receives New A$4.7m Ballistic Product Order
This ASX announcement has been authorised by the HighCom Limited Board of Directors. Key highlights: New order of ballistic products from a military customer worth A$4.7m Ballistic products to be supplied during the current financial year, from existing inventory...
ASX Announcement – HighCom Ltd FY24 Half Year Report – Appendix 4D
Please see the link below to the Half Year Report that was lodged with the ASX today, 29 February 2024. This announcement has been authorised for release by the HighCom Limited Board.
ASX Announcement – Resignation of CEO
Key highlights: • Mr. Scott Basham resigns as Group Chief Executive Officer• Mr. Mark Stevens appointed as Executive Chairman • Company-wide review and cost cutting initiatives underway 13 February, 2024. HighCom Limited (ASX:HCL) (HighCom or the Company) advises that...
ASX Announcement – Half Year Results Guidance
Key highlights: • Net loss in the range of $13m to $15m expected for the half year FY2024. • Result due to disappointing sales and the Board’s decision to recognise a one-off non-cash write down of inventory value of $4m to $6m.• The Board has commenced a company-wide...
ASX Announcement – Change of Company Secretary
Key highlights: • Mr Lawrence Gardiner, Company Secretary, retires after 20 years service• Ms Jacqui Myers, appointed as Company Secretary, adds role to her CFO responsibilities• Ms Natalie Climo, appointed as Co-Company Secretary• Changes commence with effect from 11...
ASX Announcement – Change of Company Name and ASX Code
XTEK Limited (ASX:XTE, ‘XTEK’, ‘Group’) is pleased to announce that following Shareholder approval at the XTEK Limited Annual General Meeting, held on Thursday 23 November 2023, the change of name of the Company from XTEK Limited to HighCom Limited has been processed...
Results of Annual General Meeting – 2023
XTEK’s HighCom Receives New A$2.8m Ballistic Armour Order
Key highlights: New order from undisclosed international customer worth A$2.8m Many thousands of individual ballistic armour products to be supplied over coming weeks Continues to engage closely with customers in global hotspots on multiple deals Monday, 20 November...
New $4.1m SUAS Spare Parts Order received from Defence
Notice of Annual General Meeting
ASX Announcement – XTEK’s HighCom Receives Follow On European A$1.6m Ballistic Armour Order
XTEK’s HighCom Receives new A$2.2m Armour Order
Highlights Purchase Order to supply of specialist ballistic armour products worth A$2.2m Many thousands of individual high-performance items to be provided from current inventory Urgent shipment to be dispatched to an undisclosed international customer Negotiations...
United States XTclave Manufacturing Plans
Highlights XTclave technology to be relocated to HighCom facility in Columbus, Ohio, USA Relocation to be completed during Q1 2024 Adelaide site to be closed by end of December 2023 Move maximises potential for unique XTclave ultra lightweight and high performance...
XTEK Announces Proposed Name Change – XTEK Ltd to HighCom Ltd
Highlights Proposed name change from XTEK Limited to HighCom Limited Shareholders to vote on name change at AGM on 23 November 23 Monday, 9 October 2023: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) provides the following market update with respect to a proposed name...
XTEK Secures New Multi-Year SUAS Support Contract with Department of Defence of up to $110m over 10 years
Key highlights: • New multi-year support contract received from Australian Department of Defence• Contract directly linked to SUAS acquisition previously announced • Contract provides ongoing support services for an initial term of 4 years, with 3 x 2 year extension...
New A$3.2m International Military Ballistic Armour Order
Key highlights: • A$3.2m order for specialist ballistic armour products• Second large order received this financial year • Order allows for the further reduction in inventory to normalised levels • New international military customer Friday 29 September 2023. XTEK...
XTEK’s HighCom Completes A$2.6m Ballistic Armour Order Delivery
Key highlights: Fulfilment of A$2.6m order for specialist ballistic armour products now completed Revenue recognised in Many thousands of individual high-performance items dispatched Shipment delivered to undisclosed European customer Wednesday 27 September 2023. ...
Lodgement of 2023 Preliminary Final Report (Appendix 4E)
Please see the link below to the Preliminary Final Report (Appendix 4E) for XTEK Limited (XTE) for the financial year ended 30 June 2023. This announcement has been authorised for release by the XTEK Limited Board of Directors. General, Investor & Media...
XTEK Upgrades FY23 Forecast
Key highlights: • FY23 Revenue forecast upgraded to between $86m - $88m (was previously $82m)• FY23 EBITDA expected between $9.0m - $10.5m • FY24 Opportunity Pipeline exceeds $200m Thursday, 29 June 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to update...
XTEK’s HighCom Receives New A$2.6m Ballistic Armour Order
Key highlights: • Purchase Order for international supply of specialist ballistic armour products worth A$2.6m• Many thousands of individual high-performance items to be provided• Shipment to be delivered to new undisclosed European customer over coming weeks Monday...
XTEK Receives New $3.4m Defence SUAS Spare Parts Order
Key highlights: • New Defence SUAS spare parts order valued at $3.4m• SUAS fleet supported under existing multi-year support contract Wednesday 12 July 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that it has received an order from the...
XTEK Achieves 3rd Key Delivery Milestone for Defence – Small Unmanned Aerial Systems
Key highlights: • Major delivery milestone achieved against A$26.9m Defence SUAS order announced on 1 Dec 22• Revenue of $25m now recognised with remainder in H1 FY24 28 June 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to update the ASX, that its...
XTEK Completes $7.1m FY23 SUAS Spare Parts Order Deliveries to Defence
Key highlights: $7.1m of long lead time SUAS spare parts now delivered to Defence Completes last items of previously announced orders of 6 June 2022 and 7 October 2022 Tuesday, 20 June 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that it...
XTEK’s HighCom Progresses Collaboration with TATA Advanced Systems Ltd
Key highlights: XTEK’s HighCom signed collaboration agreement with Tata Advanced Systems Ltd on 17 April 23 Collaboration covers the supply of advanced Rifle Combat Helmets (RCH) for the Indian Defence market using XTEK’s patented XTclave technology Independent...
XTEK Achieves Major Delivery Milestone for Defence Small Unmanned Aerial Systems (SUAS) Order – 15 June 2023
Key highlights: • Major delivery milestone achieved against A$26.9m Defence SUAS order announced on 1 Dec 22• Mix of AeroVironment SUAS used by Army for tactical reconnaissance and surveillance tasks • Equipment valued at circa $14m as part of this milestone• Total...
XTEK Achieves Major Delivery Milestone for Defence Small Unmanned Aerial Systems (SUAS) Order – 8 May 2023
Key highlights: • Major delivery milestone achieved against A$26.9m Defence SUAS order announced on 1 Dec 22• Revenue of $7.4m now recognised Monday, 8 May 2023. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to update the ASX, that its Technology Division has...
XTEK receives Defence A$26.9m New SUAS Order
Key highlights: • A$26.9m Defence order for new Small Unmanned Aerial Systems (SUAS)• Mix of AeroVironment SUAS used by Army for tactical reconnaissance and surveillance tasks• Delivery and revenue recognition in late H2 FY23• XTEK Group FY23 Revenue now expected to...
Group CEO H1 FY23 Presentation
XTEK Lodgement of Half Year Report (Appendix 4D)
XTEK Receives $0.8m in New Defence Grant Funding
Key highlights: • Two new Department of Defence grants received totalling $0.8m• Funds to be used to double existing helmet production and drive new ballistic product R&D • Group aggressively pursuing numerous global supply opportunities for helmets• Expects to...
XTEKs HighCom Opens New Poland Sales & Distribution Office
Key highlights: • New HighCom Sales & Distribution Office now opened in Poland• Provides excellent proximity to European target markets and customers• World leading ballistic armour products to be prepositioned for sales and rapid deployment • XTEK Group FY23...
MST Access | Research on XTEK Limited (XTE) – 2 Dec 22
XTEKs HighCom Ships A$3.5m US Govt Order
XTEKs HighCom Ships A$3.5m US Government Order Key highlights:• A$3.5m order received on 23 September 22 from a US Federal Government Agency • More than 20,000 individual items of specialist ballistic protection equipment • Order now completed and revenue recognised...
XTEK 2022 AGM Results of Meeting
In accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act, I advise voting details of resolutions and the proxies received in respect of each resolution. Details are set out in the attached summary.
XTEK CEO presentation to AGM 2022
FY22 highlights: • Restructuring activities undertaken in H1 FY22 have sharply refocused business on to its core capabilities, that has delivered success in H2 FY22, and continues in FY23• Contracted orders in hand on 30 June 22 totaled $45m (77% of FY22 revenue),...
XTEK Chairman’s Address to Shareholders
CHAIRMAN’S ADDRESS XTEK LIMITED ANNUAL GENERAL MEETING 2022 25 NOVEMBER 2022 XTEK HEADQUARTERS, SYMONSTON CANBERRA Introduction Good afternoon everyone, and welcome to XTEK Limited’s 2022 Annual General Meeting. It is great to be able to hold this AGM in person, given...
XTEK Group Senior Management Update
Highlights: New Group CFO appointed New HighCom Armor CEO appointed Roles prepare XTEK for next phase of growth and global expansion Tuesday, 1 November 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) provides the following market update with respect to senior...
Notice of Annual General Meeting and Proxy Form
XTEK Ships A$1.49m Tranche of Defence SUAS Related Orders
Key highlights: • A$1.49m tranche of Defence SUAS related orders now shipped• Part of earlier A$4.94m batch of orders announced on 9 March 22• Remaining orders to be delivered through FY2023 Friday, 7 October 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased...
XTEK 2022 Annual Report
Financial highlights: • Strategy in place to guide the company's development and growth in the medium term• Realising the benefits of the company9s transformation program• Focus on Defence and Law and Order markets globally, supported by considered and deliberate...
XTEKs HighCom Receives New A$3.5m US Government Order
Key highlights: • A$3.5m order received from a US Federal Government Agency• More than 20,000 individual items of specialist ballistic protection equipment• Order to be completed and revenue recognised before end of December 2022 Monday, 26 September 2022: XTEK...
XTEKs Subsidiary HighCom Completes Final Delivery of US$33.21m Order
Key highlights: • US$33.21m order for specialist ballistic armour received on 27 May 22• Final tranche now shipped with revenue of US$6.6m recognised in Sep 22• 100% of order was prepaid and has now been fully recognised Monday, 26 September 2022: XTEK Limited (ASX:...
XTEK issues statement regarding the Group’s Capital Management Policy
Thursday, 15 September 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce the following statement regarding the Group’s Capital Management Policy. OverviewAs the Company continues to deliver on its growth strategy, we will emphasise a measured and...
XTEKs HighCom Ships A$2.7m US Govt Order
Key highlights: • A$2.7m order received from a US Federal Government Agency on 16 August 2022• Thousands of items of specialist body armour and ballistic helmet equipment• Order now completed and revenue recognised in September 2022 Tuesday, 13 September 2022: XTEK...
XTEK Limited FY22 Preliminary Results
Key highlights: • Restructuring activities undertaken in H1 FY22 have sharply refocused business on to its core capabilities to deliver success. • Contracted orders in hand on 30 June 22 totaled $45m (77% of FY22 revenue), including US$22m of prepaid revenue, for...
Changes to XTEK Board of Directors
Wednesday, 24 August 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce the appointment of Ms. Adelaide McDonald to the XTEK Board of Directors effective from 24 August 2022. • Appointment of Ms Adelaide McDonald Ms Adelaide McDonald has been...
XTEKs Subsidiary HighCom Completes Delivery of A$9.5m Order
Key highlights: • A$9.5m Order for specialist ballistic armour received on 26 May 22• Delivery of all specialist ballistic products for this order now completed• Revenue of A$9.5m recognised• Group expects total FY2022 revenues to exceed A$60m Tuesday, 14 June 2022:...
XTEK receives A$8.1m for SUAS Spares & 2 Year Support Contract Extension Orders
Key highlights: • Defence SUAS Spare Parts orders worth a combined value of A$5.7m• 2 Year Support Contract term extension accepted for FY23 & FY24 valued at $2.4m Monday 6 June 2022. XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that it...
XTEK LTD Investor Update
Key highlights: • $64.4m since 1 March 22 includes:• $2.75m - 7 March 22 (Fully Delivered)• $3.20m - 24 March 22 (Fully Delivered)• $2.15m - 4 April 22 (Fully Delivered)• $9.5m – 26 May 22 (Delivery Complete by 30 June 22)• $46.8m - 27 May 22 (Delivery Underway to End...
XTEKs HighCom Subsidiary Receives US$33.21m (A$46.8m) Order
Key highlights: • Purchase Order for urgent supply of specialist ballistic armour worth US$33.21m (A$46.8m)• Multiple shipments scheduled for delivery over coming weeks• Ballistic armour contracts since 1 March 22 now total A$64.4m• Total Group new contracts since 1...
XTEK Receives $9.5m Order for HighCom Body Armour & Ballistic Helmets
Key highlights: • Purchase Order for supply of body armour and ballistic helmets worth $9.5m• Shipment to be delivered to undisclosed customer over coming weeks• Ballistic armour orders since 1 March 22 now total $17.6m• Total Group new orders since 1 March 22 equal...
XTEK Receives A$2.35m in New Orders for Ballistic Armour & Technology Products
Key highlights: New Purchase Orders totalling a combined value of A$2.35m Includes multiple orders for urgent specialist ballistic armour worth A$2.15m Separate order for hardware and software technology products worth A$200,000 Continues to see additional large...
XTEK Receives A$3.2m Order for Urgent Supply of Specialist Ballistic Armour Products
Key highlights: • Purchase Order is valued at A$3.2m• Urgent delivery now underway Scott Basham, XTEK’s Group CEO, said: “HighCom is XTEK’s Group global armour brand, and it is thefoundation of the Group’s Ballistics Division. Through our advanced manufacturing...
XTEK Receives Defence Orders for SUAS Systems, Spares & Software
Key highlights: • Items to be delivered through FY2022 & FY2023• Revenue recognition starting from Q3 FY2022 Scott Basham, XTEK’s Group CEO, said: “This new order from Defence totalling A$2.75m for new Waspsystems, in combination with A$2.19m of other SUAS orders...
XTEK Receives Urgent Order to Supply A$2.75m of Specialist Ballistic Armour Products
Key highlights: • Purchase Order is valued at $A2.75m• Urgent delivery to customer has now occurred Scott Basham, XTEK’s Group CEO, said: “’HighCom’ is XTEK Group’s global armour brand, and it is the foundation of the Group’s Ballistics Division. By leveraging the...