THEON INTERNATIONAL PLC (THEON) has announced its projections for the financial year 2025. 

Revenue is expected to range between €410–430 million, with approximately 80% of the lower forecast range already secured through the existing order backlog. The high EBIT (Earnings Before Interest and Taxes) margin is expected to remain in line with the target of 24–26%, while capital expenditures are anticipated to reach €20 million, including investments in Harder Digital and the accelerated design and development of platform-based systems.

The field of portable defence electro-optical systems in which the THEON traditionally operates will continue to grow faster from the overall Defence market. Despite high annual rates of development, THEON, which is already the leading company in this field, thanks to a high order backlog, will achieve business expansion at a rate that exceeds that of the overall market. 

THEON participates in competitions worldwide and still retains additional rights to expand orders (options) worth several million more than the existing outstanding balance, which allows it to grow in double digits in 2025 while maintaining high levels of profitability. THEON is well protected from a possible shortage of sensors (lighttubes) in 2025, thanks to their existing supply agreements and its recent acquisition of the German Harder Digital.

As stated by Philippe Mennicken, its Business Development Director at THEON, the new products of the ARMED ecosystem and the focus on platform-based systems, along with new smart applications targeting (FCS), despite their strong dynamics, will have minimal effect on financial results of 2025. The results of these efforts will be visible and will further support the company’s growth at the latest from the start of 2026 onwards.

Dimitris Parthenis, Chief Financial Officer of THEON, commented on them, stating that they are pleased to announce the intended continuation of their dynamically developing course. Their current investments, along with the expected increase in defence spending worldwide, will help them maintain this momentum while simultaneously pursuing diversifying their activities through acquisitions.

The projections concern the current structure of the group and not revenues to be derived from its acquisition plan. With a strong balance sheet and a clear strategy, it is in a position to continue to grow in size and generate high profitability for shareholders.

THEON also announces its Financial Calendar (FY) 2025*:

Also read: THEON International | New orders amounting to €74 million having already exceeded €150 million in the 4th trimester