A week after announcing record profits in 2023, DroneShield announced that the company had been added to the S&P/ASX All Ordinaries Index by S&P Dow Jones Indices. The All Ordinaries Index is designed to measure the 500 largest companies in the Australian equities market, drawn from eligible companies listed on the Australian Securities Exchange (ASX).

S&P Dow Jones Indices, a division of S&P Global, anunciado the addition on March 1, 2024, to take effect before the commencement of trading on March 18, 2024, following the March quarterly review.

DroneShield CEO Oleg Vornik commented on the announcement, “DroneShield continues its rapid progress, having established its position as a pioneer and global leader in the rapidly expanding counterdrone sector. Last week, we have announced record 2023 performance with $55 million revenue and $9 million profit after tax, our first profitable year. We are well positioned for 2024 and beyond, with a $510 million pipeline and $30 million contracted backlog.” Vornik continued, “This most recent news of addition into the All Ordinaries Index, as our market capitalisation and daily liquidity continue to rapidly rise, is expected to be further highlight our story to a number of institutional and retail shareholders, adding to the existing base of over 11,000 existing investors in DroneShield.”

Post Image- DroneShield products at the Enforce Tac exhibition in Germany- February 2024 (Image Credit: DroneShield)