Steyr Motors (4X0) H2 2025 earnings summary

Executive summary

• Revenue grew by 16.4% year-over-year to EUR 48.5 million in 2025, with adjusted EBIT of EUR 7.0 million (14.5% margin) and a proposed dividend of EUR 0.25 per share.

• Achieved significant strategic and operational progress, including product innovation, international expansion, and major contracts in defense and marine markets.

• Acquisition of BUKH A/S expanded marine and defense capabilities, product range, and recurring revenues.

• Secured over EUR 300 million in order backlog through 2030, providing strong forward visibility.

• Entered new markets and established key partnerships and joint ventures in Europe, Asia, and North America.

Financial highlights

• 2025 revenues increased 16.4% year-over-year to EUR 48.5 million; adjusted EBIT was EUR 7.0 million (14.5% margin), and EBIT was EUR 5.8 million.

• Dividend proposal of EUR 0.25 per share for 2025.

• Order backlog as of Dec 31, 2025, exceeded EUR 300 million, with potential to expand to EUR 830 million including concrete opportunities.

• Revenue by segment: Defense 59%, Civil 41%; by region: Europe 69%, Asia 19%, North America 9%, ROW 4%.

• Order backlog covers more than six years of projected revenue.

Outlook and guidance

• 2026 revenue projected at EUR 75–95 million, with EBIT margin of at least 15%.

• 2027 midterm outlook: revenue target of EUR 140 million and EBIT of EUR 40 million (nearly 30% margin).

• Growth driven by intensified sales in North America, Asia, and MENA, mobile energy solutions, USV market expansion, and potential M&A.

• Additional unbudgeted opportunities of over EUR 500 million identified.

• Multi-year contracts and new market entries expected to drive growth.