Steyr Motors AG closed the 2025 financial year with positive operational developments in both its Civil and Defense business segments, achieving its revised revenue and earnings targets. The company generated EUR 48.5 million in revenue, representing a 16.4% increase from the previous year's figure of EUR 41.7 million. Growth was driven by increased sales of engines as well as increases in the spare parts and engineering business, with the Civil segment contributing EUR 19.6 million and the Defense segment contributing EUR 28.8 million.
In terms of earnings, Steyr Motors generated an EBIT of EUR 5.8 million, corresponding to an EBIT margin of 11.9%. Adjusted EBIT amounted to EUR 7.0 million, corresponding to an adjusted EBIT margin of 14.5%. The difference between EBIT and adjusted EBIT is primarily due to one-time costs for M&A consulting and capital market-related effects. Business performance in 2025 was characterized by further international market expansion and targeted efficiency improvements along the supply chain.
Operational highlights include numerous new contracts generating additional sales potential that substantially exceeds the previously communicated order backlog. New strategic framework agreements with partners including Rheinmetall Landsysteme GmbH and Laborde Products Inc. strengthen the company's international presence. Of particular note is the signing of a multi-year framework agreement with Asian distribution partner Trysun for the Asian marine market, with a guaranteed minimum volume of 750 engines by 2030, as well as the operational launch of a joint venture in China. This joint venture will enable additional growth without capital investment and is expected to lead to local production in the future.
Steyr Motors' C2 emissions certification opens up further revenue potential of at least EUR 100 million in the world's largest shipbuilding market. Other growth steps include successful market entry in Poland, new marine supply agreements in several European countries and Asia, and a significant new customer order from India. Additionally, new customers were acquired in the US, and presence in the MENA region was expanded.
The company has established a new business segment focused on mobile power generation, with projected cumulative revenue in excess of EUR 100 million by 2030. These new power units are tailored for mission-critical defense scenarios such as anti-drone defense systems, energy solutions for military operations, and base camps, with series production scheduled to begin in the second half of 2026. Steyr Motors has also identified new opportunities in the US for supplying engines for unmanned surface vehicles (USVs), positioning itself in a new defense market for reconnaissance, surveillance, patrols, and mine detection missions.
For the 2026 financial year, the Management Board expects revenue to increase to EUR 75-95 million with an EBIT margin of at least 15%. This projected growth will be driven by intensified sales and marketing activities in Asia, the MENA region, and North America, with additional momentum from the new mobile energy generation business and expansion in unmanned watercraft. The company also expects to successfully complete M&A transactions in 2026. Julian Cassutti, CEO of Steyr Motors, commented that the company is seeing a sustained positive trend in order intake, with an order backlog exceeding EUR 300 million providing high visibility until 2030 and additional opportunities beyond current budget with a volume over EUR 500 million.
The medium-term forecast for the 2027 financial year remains unchanged. On February 4, 2026, Julian Cassutti will give a company presentation at the 15th Hamburg Investor Days, with registration for virtual participation available through the company's website. The Annual Report and audited figures for the 2025 financial year will be published on March 6, 2026.
