DEFSEC Technologies Announces Significant Momentum in Revenue Growth due to Increased Annualized Billings for Government Services on a Go-Forward Basis to Approximately CAD$8.3M Commencing February 2026

Core Insights - DEFSEC Technologies is experiencing significant revenue growth momentum, with annualized billings for government services expected to reach approximately CAD$8.3 million starting February 2026, marking a 704% increase compared to FY2024 billings of CAD$1 million [1][2] Group 1: Revenue and Growth - The company plans to increase its workforce from 24 to 39 roles by February 2026, contributing to the anticipated revenue growth [1] - Annualized gross margin contribution from government services is projected to rise to approximately CAD$2.3 million, an increase of 845% from FY2024 gross margin of CAD$0.2 million [1] - The increase in revenue and gross margin is largely attributed to an expanded contract with the Directorate Land Command Systems Program Management Software Engineering Facility for the digital modernization of the Canadian Armed Forces [1] Group 2: Partnerships and Operational Strategy - DEFSEC has partnered with ADGA Group Consultants Inc. to fast-track the fulfillment of new work scope requirements, subcontracting 13 of the additional roles [1] - The collaboration with ADGA is expected to have an immediate positive impact on revenue and margins when the additional work commences in February 2026 [1] - The company is well-positioned for further growth as the Canadian government increases defense spending on critical capabilities [1]