ASX:EXT – Targeting Australia’s $5B+ Cybersecurity...

ASX:EXT – Targeting Australia’s $5B+ Cybersecurity Opportunity

Cyber security isn’t just a buzzword—it’s a national priority, and Excite Technology Services (ASX:EXT) is perfectly positioned to ride the wave of spending now flowing into sovereign cyber capability, digital forensics, and incident response.

Australia’s Cyber Security Market at a Glance:

• $5.6 billion local market (AustCyber), forecast to grow to $7.6 billion by 2026

• Over $2 billion annual spend from government and critical infrastructure

• Ongoing cyber talent shortages = huge demand for training, simulation & consulting

• Defence and law enforcement sectors prioritising offensive security and forensics

Where EXT Wins

✔️ Nangu Tactical Centre – The first of its kind in the Asia-Pacific. EXT is delivering advanced cyber and forensics training for defence, law enforcement, and government agencies, backed by a $3M federal grant.
✔️ Offensive Security Services – A high-margin growth area aligned with ongoing public sector cyber tenders.
✔️ Recurring Revenue Model – EXT is targeting multi-year engagements, not just project work.

Who Else Is Playing in the Space?

EXT competes with larger players like archTIS (ASX:AR9), Tesserent (acquired by Thales), and CyberCX (private). Unlike these giants, EXT is still small-cap—but that’s where the upside lies. It’s nimble, specialised, and already winning government grants and building sovereign capability.

As demand heats up, don’t be surprised if EXT becomes an M&A target for:

• Defence contractors looking to build cyber capability

• Global integrators like Thales, Leidos, or Accenture

• Large IT services groups (e.g. DXC, NTT, or KBR) wanting access to government cyber contracts

With IP, facilities, and federal partnerships in hand, EXT is exactly the kind of niche player that gets scooped up when the market catches up.

Final Word

EXT is one of the few pure-play cyber companies on the ASX with real clients, national backing, and a clear path to scale in a $7.6B+ local market. They’re building long-term infrastructure, not chasing hype.