ZenaTech, the AI drone company that also dabbles in enterprise SaaS and quantum computing, is packing its bags for Australia. On Thursday, the company announced it's acquiring a Brisbane-based land surveying and spatial services firm — its 22nd Drone-as-a-Service (DaaS) acquisition — to plant a flag in the Asia-Pacific region.
Deal terms are under wraps, but the target isn't some startup. It's been around for 35 years, with offices in Brisbane, Gladstone, and the Sunshine Coast, serving government, infrastructure, and commercial clients with surveying, geospatial mapping, and LiDAR data. ZenaTech plans to fold those capabilities into its DaaS platform, using AI to supercharge infrastructure and surveying solutions.
“Australia represents a strategically important market itself with strong long-term demand across infrastructure, public works, and resource-driven industries, including mining, energy, and related sectors,” said CEO Shaun Passley. “Strategically, it also expands ZenaTech's access into the Asia-Pacific corridor, which provides the potential to significantly expand our global footprint.”
The acquisition is subject to regulatory approvals, but it's already the 22nd DaaS deal for ZenaTech, which now has 25 DaaS locations worldwide. The company is clearly on a roll — and the numbers back that up.
In a shareholder letter issued Tuesday, ZenaTech reported that full-year 2025 revenue hit C$12.9 million, a 558% jump from the prior year. The DaaS segment alone pulled in C$10.1 million in its first full year of operation. Asset growth was 188%, and the company completed 20 acquisitions, expanding its DaaS network to 24 locations.
Cash and reserves? Up 301% to C$15.1 million. Working capital? Up 439% to C$18.3 million. Not bad for a company whose stock trades near its 52-week low of $1.91. Shares were up 1.43% at $2.13 in premarket trading Thursday, according to market data.
So ZenaTech is growing fast, expanding geographically, and building out its DaaS platform. The question is whether the market will eventually price in that growth — or keep it grounded near those lows.
