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SMAG Mobile Antenna Masts
SMAG Mobile Antenna Masts (1SMA) investor relations material
SMAG Mobile Antenna Masts H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary11 May, 2026
Executive summary
Develops and manufactures mobile, guyless antenna mast systems, primarily for defense, with significant integration into military communications and sensor solutions.
2025 saw positive operational development, driven by increased defense spending and demand for rapid deployment systems.
Maintained a high order backlog, ensuring multi-year capacity utilization.
Financial highlights
Revenue for 2025 was €29.3M, up from €27.6M year-over-year, but below plan due to project delays.
EBITDA was €2.9M (prior year: €4.2M), impacted by absence of prior year’s €2.1M real estate sale.
Adjusted EBITDA rose to €4.2M (prior year: €3.6M); Adjusted EBIT at €4.0M (prior year: €3.5M).
Net income was €2.0M, down from €3.0M year-over-year.
Free cash flow improved to €5.2M (prior year: €-1.4M); cash position increased to €8.4M.
Equity ratio declined from 58% to 45% due to balance sheet expansion.
Outlook and guidance
Expects continued strong demand in 2026, driven by geopolitical tensions and increased NATO defense budgets.
Forecasts significant growth in revenue and total output, with improved operational efficiency and profitability.
Anticipates rising material and personnel costs, but expects cost ratios to improve due to scaling.
Notes uncertainties from geopolitical events, procurement decisions, and project risks.
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Latest events from SMAG Mobile Antenna Masts
Next SMAG Mobile Antenna Masts earnings date
H1 20261 Sep, 2026
SMAG Mobile Antenna Masts
Next SMAG Mobile Antenna Masts earnings date
H1 20261 Sep, 2026
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