Key figures for the 2025 financial year

– Record order intake of €844 million, up +87%.

– Revenue growth of +28%.

– Stronger growth in current EBITDA, up +40%, to reach €103 million. The current EBITDA margin reached 23% in the 2nd half of 2025.

– Cash flow from operations before WCR also improved, up +42%, to €94 million.

– A working capital requirement that is improving in absolute terms for the third consecutive year: +€8 million in 2025. As a result, net cash flow from operating activities exceeded €100 million.

– A strengthened balance sheet with continued deleveraging and €300 million in fundraising in the form of ODIRNANE

Exail Technologies generated strong growth across all its indicators in 2025. In a context of strong commercial momentum, the group demonstrated its ability to manage the operational challenges arising from accelerated growth – increased production and faster execution. Two major milestones illustrate this momentum :

First, the delivery to the Belgian and Dutch navies of a first operational mine countermeasures capability. It is the world’s first fully integrated autonomous naval drone system capable of carrying out an entire demining mission autonomously and safely.

Secondly, the increase in production capacity for navigation systems. The number of systems produced and delivered reached a record level at the end of 2025, resulting in a +30% revenue growth of this activity in the last quarter.

These operational achievements were translated into direct positive impacts on financial results in the second half of the year: revenue exceeded year-end targets, the EBITDA margin improved to reach 23% in the 2nd half (+2 points), and good level of cash collections contributing to €21 million improvement in working capital.