Exail Technologies Reports 28% Growth in 2025 with an Order Book Exceeding One Billion Euros
The defense technology group Exail Technologies concluded the 2025 fiscal year on a strong note, with a 28% increase in annual revenue, significantly surpassing the targets announced in October. The fourth quarter confirmed this trend with a 26% increase in revenue.
Annual and Quarterly Financial Performance
Exail Technologies recorded a revenue of 479 million euros in 2025, an increase of 105 million euros compared to 373 million euros in 2024. Specifically, in the fourth quarter, the group generated 153 million euros in revenue, up by 32 million euros from 122 million euros in the same quarter of 2024. The Maritime Navigation and Robotics segment, the main growth driver, increased by 29% over the year to reach 373 million euros, compared to 289 million euros in 2024. In the last quarter, this segment recorded 123 million euros in revenue, up by 30%. Both activities within this segment contributed equally to this growth, with advancements in mine countermeasure programs and the ramp-up in production of navigation systems. The Advanced Technologies segment generated 118 million euros in revenue for the year, up by 21%, from 97 million euros in 2024. In the fourth quarter, this segment reached 34 million euros, growing by 9%.
Order Intake and Funding Achievements
Exail Technologies recorded 844 million euros in order intakes for the year 2025, a significant increase of 394 million euros compared to 451 million euros in 2024, representing an 87% growth. This commercial momentum is primarily driven by several major successes in the field of maritime robotics. The order book stood at 1,074 million euros at the end of December 2025, up by 366 million euros compared to December 31, 2024. In the fourth quarter of 2025, the order intakes reached 147 million euros, slightly higher than the 145 million euros recorded in the fourth quarter of 2024. In maritime robotics, approximately 560 million euros of orders were signed in 2025, including a major contract of 400 million euros for mine countermeasure systems won in the first quarter. Sales of DriX drones increased by nearly 75%. Additionally, the group completed a fundraising of 256 million euros on January 13, 2026, through the issuance of additional convertible bonds ODIRNANE. This operation was carried out with a 27% premium, issuing a nominal amount of 200 million euros and cashing in 256 million euros. Exail thus raised more than 550 million euros over the last six months.
Outlook for 2026 and Strategic Goals
Exail Technologies enters 2026 with good visibility, supported by its strong commercial performance in 2025 and an order book exceeding one billion euros. The delivery of the first dronized mine countermeasure systems and the ramp-up in production of navigation systems are notable elements of this momentum. The group has set a goal of double-digit revenue growth for 2026. Exail Technologies has enhanced financial flexibility to prepare for the refinancing of its ICG instruments, possible from September 2026. The company benefits from favorable market trends, including increased defense budgets, greater dronization of naval forces, and sustained demand for navigation equipment for both the civilian and defense sectors.
