Consistent with management's preliminary assessment of the expected range of revenue which was announced 9 October 2025, reported revenue for the fiscal year ended 30 September 2025 was $530,000.
Revenue for the second half of the fiscal year was $463,000 as compared to $67,000 for the first half of the period.
Revenue was generated from seven contracts, including two which are multi-year contracts representing annually recurring revenue.
Two contracts were with telecom network operators and five were with government, defense and enterprise organizations, all key markets for Arqit.
As of 30 September 2025, the Company had executed contracts expected to generate revenues of approximately $1.2 million in fiscal year 2026, providing a revenue baseline before consideration of new business opportunities and or the expansion of existing contracts.
In the two months since the close of the fiscal year, Arqit has signed 12 demonstration and test licenses with prospective customers across key target markets. The pace of prospective customer activity is materially ahead of the prior fiscal year.
The Company has maintained cost discipline with operating costs averaging $2.5 million per month for the fiscal year.
The Company ended the fiscal year with cash and cash equivalents of approximately $36.9 million as of 30 September 2025.
In May, Arqit acquired Ampliphae's product portfolio IP and innovations team, specialising in encryption risk advisory and AI analytics. Ampliphae's Encryption Intelligence product combined with Arqit's quantum encryption technology delivers a comprehensive proposition to identify and mitigate cyber risk exposure from both current and future quantum threats.
CEO's statement
Andy Leaver, Chief Executive Officer, noted, "Fiscal year 2025 was successful on many fronts for the Company. Our revenue performance reflected a bottoming out and return to growth driven by our focus on key market sectors, particularly telecom network operators, government and defense, and the completion of our B-2-B-2-B business model through leading technology hardware and services partners. Our recently acquired Encryption Intelligence risk-analysis tools and advisory service gives organisations complete visibility into all encryption technologies in use, automatically identifying weak points and vulnerabilities, including those susceptible to quantum attacks, a key first step in migrating to a quantum secure posture. Arqit now can offer a holistic solution which permits organisations to detect cryptographic weaknesses, then protect their networks and IT infrastructure in compliance with the post-quantum cyber security recommendations of leading government and industry security organizations. With three contracts activated since the close of the fiscal year and strong demonstration and test activity with potential new partners and customers across our key target markets, including five new technology OEMs, we are enthusiastic about the Company's growth prospects for this fiscal year."
2026 Outlook
Arqit believes that fiscal year 2026 could represent a year of significant growth as compared to 2025. The Company's optimism is based upon:
