Danish Aerospace Company (DAC) H2 2025 earnings summary

Executive summary

• Raised DKK 24.7 million via a rights issue in April 2026, significantly strengthening the financial position.

• Focus on expanding revenue and earnings outside the core space sector, targeting defense markets and leveraging dual-use synergies.

• Product portfolio is mission-critical for space organizations, with over 35 years of operational track record.

• Engaged in all manned space programs except China and Russia, with rising demand expected from new and commercial space missions.

Financial highlights

• 2025 net turnover: DKK 18.9 million, up from DKK 17.7 million in 2024.

• Gross profit: DKK 16.2 million (2025) vs. DKK 13.9 million (2024).

• EBITDA: DKK 0.7 million (2025), down from DKK 1.2 million (2024), impacted by slower contract development and one-off administrative costs.

• Net profit for 2025: DKK 3.5 million, compared to DKK 4.1 million in 2024.

• Gross margin improved to 85.7% (2025) from 73.8% (2024).

Outlook and guidance

• 2026 revenue expected at DKK 22–25 million, with EBITDA guidance of DKK 1–3 million.

• Ongoing pursuit of new development projects in both space and defense sectors; positive impact possible if current customer dialogues succeed.