THEON INTERNATIONAL publishes its H1 2025 Report
PRESS RELEASE
Bloomberg (THEON:NA) / Reuters (THEON.AS)
02 September 2025 - Theon International Plc (THEON) (AMS: THEON) is pleased to announce the publication of its H1 2025 Report for the six months ended 30 June 2025. This follows the H1 2025 Trading Update published on 28 July 2025.
The Company is holding a webcast for analysts and investors on September 4, 2025 at 3:00 PM EEST (1:00 PM BST). The webcast details are accessible here.
H1 2025 Overview
H1 2025 performance was characterised by robust order intake, achievement of financial targets and solid progress in THEON's growth strategy.
Revenue reached €183.7 million, marking the strongest H1 in THEON'S 28-year history.
Continued strong order intake, with new orders reaching €167.9 million, 118% higher than in H1 2024, and coming from multiple countries worldwide.
Soft backlog of €622.2 million at end of H1 2025, 45% higher than in H1 2024, with an additional €378.2 million of contractual options.
Adjusted EBIT margin of 25.8% demonstrating industry leading margins and in line with the mid-twenties guidance.
Several contract wins for market-leading night vision products as well as new digital products, and in advanced stages of several tender processes for a mix of products.
Transitioning to an enriched broader product portfolio through recently developed A.R.M.E.D. ecosystem of products and near-term expansion into platform-based optronics products.
Launch of "THEON Next" Vision & Strategy, encapsulating THEON's ambition of becoming a trusted market leader in the next generation of optronics and a global player in the modern warfare era.
Rapidly building a platform to drive the development of next-generation soldier systems through acquisitions and targeted investments, collaborations, and co-development initiatives.
Christian Hadjiminas, founder and CEO of THEON commented on the H1 2025 results: "Our record-breaking first-half revenue is a testament to the strength of our business model and the trust our customers place in us. The recent acquisition of Kappa Optronics, the signing of several pioneering agreements, and the launch of our THEON NEXT Strategy all mark key strategic milestones in our journey, accelerating our capabilities and growth trajectory."
Financial Summary
(Amounts in €)
H1 2025
H1 2024
Change
Order intake
167.9 m
77.0 m