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TKMS (TKMS) investor relations material
TKMS Q3 24/25 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Sales increased to €1,587 million for the nine months ended June 30, 2025, up from €1,414 million year-over-year, with net income rising to €75 million from €62 million.
Major contracts signed include four additional submarines for the German-Norwegian program, a €1.2 billion research icebreaker, and modernization of six submarines for over €800 million.
The business is preparing for a spin-off and IPO, with significant legal and organizational restructuring completed and further steps executed post-period end.
Financial highlights
Gross margin improved to €274 million from €238 million year-over-year.
Adjusted EBIT rose to €98 million from €63 million, reflecting operational improvements and special items.
Cash and cash equivalents surged to €1,010 million, mainly due to advance payments for new contracts and capital contributions.
Contract liabilities increased to €2,143 million, driven by new orders and project advances.
Order backlog reached €18.6 billion, up from €11.6 billion year-over-year.
Outlook and guidance
Future cost structure may change due to new service agreements and increased guarantee costs post-spin-off.
The business expects higher costs for guarantees and services after separation from the parent group.
German corporate tax rate reductions are anticipated, but the impact is still under assessment.
Next TKMS earnings date

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