Ann: Financial Update - EUR900k of Revenue Recognised, page-2

ASX RELEASE
02 March 2023
Financial Update - €900k of Revenues Recognised
Kleos Space S.A. (ASX: KSS, Frankfurt: KS1) (Kleos or Company), a space-powered defence &
intelligence technology company, is pleased to confirm that following the Vigilance Mission
(KSF1) successfully entering operational phase and reliably delivering data (ASX Ann: 17 February
2023), Kleos has recognised €900,000.00 of previously deferred revenue, in February.
The Company lodged its annual financial report for FY22 with ASX on 27 February 2023. The
financial statements included in the report recognised contract liabilities in respect of amounts
received in advance of data delivery by the Company. Kleos is pleased to announce that these
contracts have now been fulfilled, allowing for the recognition of the relevant revenue.
Commenting on this milestone, Alan Khalili, CEO, said:
“We are pleased to see our first major revenue event, with many more to come as we
see the Vigilance Mission now in operational phase and we look toward to further steps
of growth when we bring our Patrol Mission (KSF2) satellites into operational phase in
the coming months.
With our data collection, signal processing platform and intelligence delivery validated
through these initial months, we expect to see an increase in contracts, cash receipts and
revenues into future periods.”1
- ENDS -
This announcement has been authorised by Executive Director, Andrew Bowyer.