Terma said the financial year was shaped by sustained global demand for advanced defence and critical infrastructure solutions. Order intake reached 5.6 billion Danish kroner, up 43% year on year.
Revenue increased to 3.4 billion Danish kroner, representing organic growth of 16%. Operating profit before special items and tax reached 396 million Danish kroner, up 22% from the previous year and above the company’s initial outlook.
The year ended with an order backlog of 6.9 billion Danish kroner. Terma said the backlog provides strong visibility for the coming years and reflects customer confidence in the company.
Operating cash flow improved to 730 million Danish kroner. The company also reported a solvency ratio of 41.2%, supporting continued investment in growth and technology.
“Our performance demonstrates that our strategic focus aligns with the structural shifts we are seeing in the security landscape. Demand is increasing across defense and critical infrastructure, and we are well positioned to meet that demand,” said CEO Henriette Hallberg Thygesen.
Terma said rising security needs across Europe and allied markets are driving long-term structural demand. The company highlighted critical infrastructure protection and counter-UAS capabilities as areas of particular growth.
The company continued to expand its European presence through partnerships and collaboration. During the year, Terma acquired OSL Technology to strengthen its capabilities in critical infrastructure protection and counter-UAS solutions.
Ukraine remains a strategic priority for Terma. The company established a subsidiary in Kyiv and is building local partnerships to support Ukraine’s defence and reconstruction.
Terma said it is investing in production capacity, supply chains and organisational capabilities to support continued growth. Close to 600 new colleagues joined the company during the financial year.
“Our ability to scale and deliver is driven by the people behind the technology. I want to thank all colleagues across Terma for their dedication and strong efforts during a year of high activity and growth,” said Thygesen.
Terma said its diversified portfolio and more than 75 years of technological expertise provide a solid foundation for future growth. The company also pointed to long-term ownership through Thomas B. Thriges Fond and ATP.
Chairman Carsten Dilling said the results reflected Terma’s position in a high-demand market. He also highlighted the company’s financial base and ownership structure.
“The results reflect a well-run company operating in a market with sustained demand. Backed by a strong financial foundation and long-term ownership, Terma is well positioned for the future,” said Dilling.
