FY 2025 guidance supports continued strong growth with targeted high profitability margin
December 23, 2024
• Revenue expected to surpass €410 million in FY 2025 maintaining high EBIT margin
• Implied growth of minimum 20%, well above the expected market growth of the man-portable defence optronics segment
• Continuous investment to accelerate increased entry in platform-based segment
Nicosia, 23 December 2024 – Theon International Plc (THEON) announces the guidance for FY 2025. Revenue is expected to be in the range of €410 – 430 million, with approximately 80% of the lower end of the guidance range already covered by the soft backlog. Sustainably high EBIT margin is anticipated to be in line with the targeted “mid-twenties”, while Capex is expected to reach €20 million, including investments in Harder Digital and accelerated growth in the platform-based products segment.
The man-portable defence optronics segment in which THEON traditionally operates will continue growing faster than the overall defense market. Despite those high annual growth rates, THEON is already being the leading company in this field, with its high backlog facilitating growth that outpaces the market. THEON participates in tenders all over the world and still has additional multi-million options attached to the existing backlog, which allow for double-digit growth in 2025 while retaining high profitability levels. THEON is well protected from expected tubes shortage in 2025, given its existing tubes supply agreements and the recent acquisition of Harder Digital.
As Philippe Mennicken, Business Development Director of THEON, stated: “The new products of the A.R.M.E.D. ecosystem and our focus on platform-based products, along with new FCS applications, have minimum effect in 2025. The results of these efforts will be visible and fuel growth latest beginning 2026 onwards.”
Dimitris Parthenis, CFO of THEON, commented on the guidance: “We are pleased to announce the anticipated continuation of our robust growth trajectory. Our investments along with the projected increase in defence spending, will help us maintain this momentum, while seeking to diversify our business through inorganic growth. Our guidance relates only to the current group structure. With a robust balance sheet and clear strategy, we are very well positioned to continue delivering profitable growth”.
THEON also announces the financial calendar of FY 2025*:
FY 2024 Preliminary Results Friday, February 14, 2025
Annual Report 2024 Publication Monday, April 14, 2025
Q1 2025 Trading Update Monday, April 28, 2025
Q2 2025 Trading Update Monday, July 28, 2025
H1 2025 Report Publication Tuesday, September 2, 2025
Q3 2025 Trading Update Monday, November 3, 2025