Logic Instrument (ALLOG) H2 2025 TU earnings summary

Executive summary

• Achieved consolidated turnover of approximately €39M in 2025, up 42% year-over-year.

• Order book exceeded €15M at end of December 2025, marking a historic record.

• Expected 2026 revenue to surpass €75M, representing 92% growth compared to 2025.

• Exclusive €90M contract for rugged mobile solutions with the Defense Digital Commissariat over 30 months starting February 2025.

• Ongoing integration of Elexo, Artic, Glacier Computer, and upcoming integration of Distrame to strengthen market position.

Financial highlights

• 2025 turnover reached €39M, a 42% increase from the previous year.

• 2026 revenue expected to exceed €75M, up 92% year-over-year.

• Over €15M in 2026 billings from the "Mastoc" contract with the Defense Digital Commissariat.

• Recurring revenue from defense and industry manufacturers estimated at over €14M.

• German defense sector billings to exceed €10M in 2026.

Outlook and guidance

• 2026 revenue guidance set above €75M, driven by contract execution and integration of acquisitions.

• Plans to participate in additional defense tenders and pursue new acquisitions in the Defense Industrial and Technological Base.

• Factory in Essonne (France) to begin operations by end of Q1 2026, focusing on sovereign Tempest technology.