Exail Technologies (EXA) Q2 2025 TU earnings summary

Executive summary

• Achieved 52% revenue growth and 51% order intake increase in Q2 2025, driven by maritime robotics and navigation systems.

• Defense sector contributed significantly, with major sovereign contracts in Europe and Asia and growing civil adoption of drone systems.

• Backlog rose 75% year-over-year to €1.1 billion, reflecting strong commercial momentum.

Financial highlights

• Q2 2025 revenue reached €126 million, up 52% compared to Q2 2024.

• H1 2025 revenue totaled €220 million, a 35% increase year-over-year.

• Order intake for Q2 2025 was €125 million, up 51% year-over-year.

• Navigation & maritime robotics segment revenue grew 56% to €100 million in Q2 2025.

• Advanced technologies segment revenue increased 31% to €30 million in Q2 2025.

Outlook and guidance

• Expects a significant increase in current EBITDA for 2025, with EBITDA growth outpacing revenue.

• Reaffirms 2025 targets of double-digit revenue growth and strong profitability.

• Working capital requirements well contained despite seasonal cash consumption in H1.