Companies / DRO

DRONESHIELD LIMITED

ASX:DROCapital Goods
925.5M shares on issueASX (delayed) · snapshot 28 Oct 2026938.1M fully diluted+1.4% if every option and right converts$1.46price · delayed$1.36BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 98.7% of what they think they own, once every option and right converts.

Minimal
Dilution risk

Share count grew 6% in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway12+ quarters of funding
Share-count growth (24m)6.1%
Raise cadence (24m)0 cash raises
Options & rights overhang1.4% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

DRONESHIELD LIMITED's ordinary share count grew 6.1% between September 2024 and October 2026, its latest share-count filing, to 926M shares. The company has not raised capital through any placement, rights issue or share purchase plan in the 24-month window. Options and rights on issue could convert into 13M new shares, equal to 1.4% of the current share count, with none in the money; an expiry date for these securities is not on the record. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 3

How much placement capacity does DRO have left?

None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How many options and rights does DRO have outstanding?

Unexercised options and rights equal 1.4% of Droneshield's shares on issue.

How much has DRO's share count grown?

Droneshield has 925.5M shares on issue as at 28 Oct 2026, up 6.1% over 24 months according to its Appendix 2A filings.

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1.4%
Options & rights overhang
—
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · no stated strikes
0
Raises · last 12 months
12+ qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 925.5M per ASX (delayed) (snapshot 28 Oct 2026).
875M900M925MDec 24Nov 25Oct 26925.5M

Cash runway

12+ qtrs OURS
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$139.1M cash after burn · operating cash flow only.
FILED $146.0M cash · half-year ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$146.0M cash at 30 Jun 2026 − $6.9M spent ($5.2M a quarter × 120 days) = $139.1M left → 12+ qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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14 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
13 Oct 20262A · quoted issueDRO : ORDINARY FULLY PAID925.5MAppendix 2A
23 Sept 20262A · quoted issueDRO : ORDINARY FULLY PAID925.3MAppendix 2A
27 Aug 20262A · quoted issueDRO : ORDINARY FULLY PAID925.2MAppendix 2A
10 July 20263H · cancellationDRO : ORDINARY FULLY PAID924.1MAppendix 3H
29 June 20263G · unquotedORDINARY FULLY PAID924.1MAppendix 3G
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72 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

No equity raises in the last 24 months.
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9 issues (incl. 9 exercises or conversions) on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.4%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
12.5M
Potential new shares
—
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 12.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
DROAHOptionsPrice-triggered, no exercise price stated——12.5MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
26 June 2026Angus BeanOther500k829k——3Y notice
23 Jan 2026Oleg VornikOther—709k193k—3Y notice
6 Nov 2025Jethro MarksSell on-market1.5M——$4.9M3Y notice
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13 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.