ASX April Tech Winners: Tech sector pulls off market gymnastic to land on its feet, with defence stocks and Harvest Tech on top

Tech gets its groove back with help from Wall Street and RBA
Defence tech darlings like WhiteHawk and Elsight grab the spotlight
Harvest Tech goes global, Droneshield fires again
In April 2025, the ASX tech sector finally got its mojo back, punching out a near 6% gain and coming in just behind telcos for the month.
It marked a significant rebound for tech stocks, especially when the sector had been the worst performer in March.
Tech stocks managed to rally through the tariff chaos. Part of the lift also came from the RBA finally getting inflation back in the zone.
With trimmed mean inflation dipping to 2.9% – the first time it's landed within the 2-3% target in almost four years – markets started whispering about rate cuts. ANZ thinks a 25bps this month is a near cert.
And in that kind of setup, tech stocks usually shine. Lower rates are like oxygen for growth stocks, and suddenly investors are leaning back in.
The US tech scene was lighting up too. Wall Street was rallying with the Nasdaq and S&P both ticking higher during the month, thanks to a fresh wave of optimism around the big global names after seeing off the worst of the post-Liberation Day sell off.
Aussie tech tends to follow Wall Street's lead, and this time was no different. When the big dogs bark, the pack moves.
The big bonus came when Donald Trump stepped in with some tariff relief, cutting a break for consumer tech gear like smartphones and chips, before winding back some of his rhetoric on China and the US' other trade partners.
That took some pressure off and gave global tech a bit more breathing room, another tailwind that carried over to local players.
Put all that together, and April found a sweet spot for ASX tech — a mix of cooling inflation, global momentum, and a bit of policy luck, giving the sector the boost it was hanging out for.
ASX tech winners in April
Code Name Price Month % Change Market Cap
WHK Whitehawk Limited 0.015 88% $10,794,154
HTG Harvest Tech Grp Ltd 0.020 54% $17,918,935
BDT Birddog 0.049 53% $7,912,815
UBN Urbanise.Com Ltd 0.805 45% $51,929,748
DRO Droneshield Limited 1.340 41% $1,171,280,813
1TT Thrive Tribe Tech 0.002 33% $4,063,446
ELS Elsight Ltd 0.450 27% $81,716,045
ASB Austal Limited 5.310 26% $2,236,466,034
BRN Brainchip Ltd 0.270 26% $546,950,268
SNS Sensen Networks Ltd 0.028 22% $22,205,049
X2M X2M Connect Limited 0.020 18% $7,566,825
AVA AVA Risk Group Ltd 0.105 17% $30,499,563
KNO Knosys Limited 0.043 16% $9,293,964
CAT Catapult Grp Int Ltd 4.090 16% $1,110,124,675
EOL Energy One Limited 12.550 15% $393,196,307
DUB Dubber Corp Ltd 0.041 14% $107,558,066
EIQ Echoiq Ltd 0.330 14% $194,211,944
MP1 Megaport Limited 11.420 14% $1,835,759,096
AJX Alexium Int Group 0.009 13% $14,277,858
SPZ Smart Parking Ltd 0.865 12% $354,782,268
DTZ Dotz Nano Ltd 0.075 12% $42,817,322
FND Findi Limited 4.600 11% $284,285,617
WTC Wisetech Global Ltd 88.520 11% $29,615,314,049
HSN Hansen Technologies 5.410 10% $1,102,731,753
ESK Etherstack PLC 0.285 10% $37,669,021
DWG Dataworks Group 0.175 9% $17,889,208
KYP Kinatico Ltd 0.180 9% $77,776,557
BCC Beam Communications 0.099 8% $8,555,770
ATA Atturralimited 0.875 7% $333,959,567
FCL Fineos Corp Hold PLC 2.190 7% $741,314,266
AMO Ambertech Limited 0.160 7% $15,264,765
YOJ Yojee Limited 0.175 6% $55,975,125
FCT Firstwave Cloud Tech 0.018 6% $30,843,336
AT1 Atomo Diagnostics 0.018 6% $11,505,642
TNE Technology One 30.060 5% $9,840,698,342
XRO Xero Ltd 164.190 5% $25,222,482,282
360 Life360 Inc. 21.940 5% $3,862,333,002
TYR Tyro Payments 0.805 5% $425,319,795
SKO Serko 3.490 4% $429,711,021
DCC Digitalx Limited 0.052 4% $62,588,442
CF1 Complii Fintech Ltd 0.027 4% $15,427,628
VIG Victor Group Hldgs 0.062 3% $40,438,054
AR9 Archtis Limited 0.064 3% $18,429,898
OCL Objective Corp 15.650 3% $1,495,956,050
BTH Bigtincan Hldgs Ltd 0.215 2% $176,660,326
GTK Gentrack Group Ltd 10.800 2% $1,163,396,477
OEC Orbital Corp Limited 0.090 2% $14,830,175
CCR Credit Clear 0.235 2% $99,792,431
PPS Praemium Limited 0.745 2% $355,897,805
XYZ Block Inc 92.300 2% $5,191,834,942
QHL Quickstep Holdings 0.575 2% $41,242,573
DTL Data#3 Limited 7.280 2% $1,127,732,664
CPU Computershare Ltd 40.720 1% $23,804,505,004
NXT Nextdc Limited 11.830 1% $7,576,122,345
DSE Dropsuite Ltd 5.810 1% $412,442,372
WhiteHawk (ASX:WHK)
Cybersecurity firm Whitehawk's shares soared after landing a major cyber deal in the US, teaming up with Knexus Research and a few big-name players on a government-wide contract worth up to US$920 million over 10 years.
WHK is the only cyber partner on the team, which beat out 22 other groups to win the deal.
The contract doesn't bring in cash straight away, it's task-based, so the dollars flow as the work gets handed out. But thanks to a White House order pushing more federal spending into deals like this, WhiteHawk reckons there's big recurring revenue potential ahead.
WHK's role will be to roll out cyber risk tools to help US agencies fight fraud and foreign threats.
Harvest Technology Group (ASX:HTG)
During the month of April, Harvest listed on the Frankfurt Stock Exchange, giving it a foot in the door to Europe's massive capital markets without issuing new shares.
The move is aimed at building visibility and drawing in more European investors across key sectors like defence, telco, aerospace, and maritime, where demand for its low-bandwidth, secure video tech is on the rise.
The listing lines up with HTG's growing customer base in Europe, where its Nodestream platform is already making rapid traction.
HTG is now planning a roadshow across the continent in June, catching up with customers and pitching to high-level investors.
No dilution, low cost, and a shot at global growth, HTG reckons this move is right on target.
Urbanise (ASX:UBN)
During the month, Urbanise reported its performance year for FY24.
The company tightened its focus and set itself up for longer-term growth.
It brought in a new Chairman, Darc Rasmussen, who saw straight away that Urbanise could lead the way in strata and facilities management software.
The company is now running hard on a three-part game plan: grow its customer base, deliver more value through smart features, and connect clients with service providers directly through its platform.
Over the year, it locked in $1.04 million in new recurring revenue, added clever new tools like predictive analytics, and slashed operating costs by 14% thanks to better cash flow and fewer bespoke projects.
The plan is to hit cash flow sustainability by FY25, and the company said it's laser-focused on making it happen.
DroneShield (ASX:DRO)
Droneshield rose after locking in five fresh defence contracts worth $32.2 million from a military customer in the Asia Pacific during April, via a big-name global reseller.
The company will deliver counterdrone gear through Q2 and Q3 next year, with payments expected during that time.
The new deals follow $12.3 million in previous orders from the same buyer, showing demand is ramping up as militaries move from trial runs to full rollouts.
With gear that tackles next-gen drone threats, DroneShield reckons it's in the box seat as interest picks up across the region.
Elsight (ASX:ELS)
Elsight is entering a big new phase, locking in a $4.25 million deal with a European defence giant to deliver its technology over four months.
CEO Yoav Amitai reckons it will not only give revenue a nice lift but also put Elsight firmly on the radar in the booming defence space.
With war tensions driving up defence budgets across Europe and the US, Yoav says Elsight's drone comms gear is landing in the right place at the right time, giving unmanned systems stronger, smarter control.
And even with global tariff noise around, the company said it's staying steady thanks to a spread-out manufacturing setup.
Yoav said this recent deal in Europe just the beginning.
ASX tech losers in April
Code Name Price Month % Change Market Cap
FBR FBR Ltd 0.006 -40% $33,813,791
ATV Activeportgroupltd 0.009 -36% $6,164,794
NVQ Noviqtech Limited 0.031 -34% $7,797,633
EPX Ept Global Limited 0.026 -33% $17,127,137
LNU Linius Tech Limited 0.001 -33% $6,151,216
VR1 Vection Technologies 0.018 -33% $27,549,994
IFG Infocusgroup Hldltd 0.007 -30% $1,754,886
3DP Pointerra Limited 0.060 -29% $48,304,608
SPX Spenda Limited 0.005 -29% $23,076,077
CT1 Constellation Tech 0.002 -25% $2,212,101
PIL Peppermint Inv Ltd 0.003 -25% $6,712,918
NXL Nuix Limited 2.430 -24% $803,681,994
GTI Gratifii 0.075 -22% $25,409,205
EXT Excite Technology 0.011 -21% $20,049,061
SP3 Specturltd 0.011 -21% $3,389,651
CGO CPT Global Limited 0.050 -21% $2,094,868
SEN Senetas Corporation 0.019 -20% $30,636,353
IOD Iodm Limited 0.145 -19% $89,401,807
ROC Rocketboots 0.081 -19% $11,795,694
FL1 First Lithium Ltd 0.065 -19% $5,177,484
OPL Opyl Limited 0.026 -19% $5,017,176
RDY Readytech Holdings 2.100 -19% $256,494,158
PRO Prophecy Internation 0.425 -18% $31,343,297
SLX Silex Systems 3.090 -18% $735,737,417
HCL Highcom Ltd 0.180 -16% $18,482,881
CYB Aucyber Limited 0.078 -16% $16,332,942
ASV Assetvisonco 0.032 -16% $23,659,570
XF1 Xref Limited 0.115 -15% $25,310,323
8CO 8Common Limited 0.018 -14% $4,033,708
EVS Envirosuite Ltd 0.072 -14% $104,306,666
W2V Way2Vatltd 0.006 -14% $5,604,001
WBT Weebit Nano Ltd 1.765 -14% $366,935,969
DTI DTI Group Ltd 0.007 -13% $3,139,860
EOS Electro Optic Sys. 1.225 -13% $236,366,321
XPN Xpon Technologies 0.007 -13% $2,537,090
LIS Lisenergylimited 0.110 -12% $70,422,025
OLL Openlearning 0.015 -12% $7,240,120
AXE Archer Materials 0.265 -12% $67,534,458
CXZ Connexion Mobility 0.027 -11% $22,174,299
NVX Novonix Limited 0.425 -11% $270,323,663
1CG One Click Group Ltd 0.008 -11% $9,423,039
BLG Bluglass Limited 0.016 -11% $29,448,965
HYD Hydrix Limited 0.016 -11% $4,364,302
SPA Spacetalk Ltd 0.205 -11% $14,926,476
VNL Vinyl Group Ltd 0.094 -10% $118,350,130
BEO Beonic Ltd 0.180 -10% $12,754,981
AI1 Adisyn Ltd 0.050 -9% $36,116,280
RKT Rocketdna Ltd. 0.010 -9% $9,155,232
RWL Rubicon Water 0.255 -9% $61,377,250
COS Cosol Limited 0.730 -9% $132,851,821
XRG Xreality Group Ltd 0.032 -9% $18,271,433
IFM Infomedia Ltd 1.240 -8% $469,240,416
SOR Strategic Elements 0.034 -8% $15,939,487
DUG DUG Tech 1.025 -8% $138,024,041
NOR Norwood Systems Ltd. 0.024 -8% $11,750,684
ODA Orcoda Limited 0.074 -8% $13,876,052
JCS Jcurve Solutions 0.025 -7% $8,258,586
5GN 5G Networks Limited 0.130 -7% $38,744,410
NVU Nanoveu Limited 0.039 -7% $28,954,779
QOR Qoria Limited 0.395 -7% $514,126,184
FLX Felix Group 0.200 -7% $40,899,943
IRI Integrated Research 0.410 -7% $72,714,610
MX1 Micro-X Limited 0.058 -6% $38,522,051
SMN Structural Monitor. 0.390 -6% $60,178,969
ACE Acusensus Limited 1.050 -5% $147,027,155
PPK PPK Group Limited 0.305 -5% $27,697,812
AD8 Audinate Group Ltd 6.140 -5% $511,815,627
ERD Eroad Limited 0.840 -4% $157,424,931
RUL Rpmglobal Hldgs Ltd 2.750 -4% $610,623,648
SMP Smartpay Holdings 0.770 -4% $186,296,467
NOV Novatti Group Ltd 0.027 -4% $14,657,783
4DS 4Ds Memory Limited 0.030 -3% $60,069,707
TZL TZ Limited 0.062 -3% $17,398,074
RKN Reckon Limited 0.480 -3% $54,381,519
JAN Janison Edu Group 0.165 -3% $42,881,562
DXN DXN Limited 0.034 -3% $10,155,924
IKE Ikegps Group Ltd 0.715 -3% $115,159,825
PHX Pharmx Technologies 0.077 -3% $46,085,023
BVS Bravura Solution Ltd 2.190 -2% $981,895,264
IRE IRESS Limited 7.950 -2% $1,484,976,318
CDA Codan Limited 15.750 -2% $2,859,740,762
EML EML Payments Ltd 0.975 -2% $372,343,316
VGL Vista Group Int Ltd 3.280 -1% $783,376,770
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decision.

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