Theon International Plc (THEON) announces the publication of the 2026 First Half Results Report for the period ended June 30, 2026:
As previously announced, the first half of 2026 was marked by strong revenue growth of 35.4%, industry-leading profitability (Adjusted EBIT Margin 26.2%), a stable book-to-bill ratio of approximately 1.0x, as well as a significant expansion of THEON’s total addressable market to nearly €8 billion, thanks to its expansion into adjacent high-growth markets.
In addition, earlier today, THEON secured financing through a syndicated loan, with Alpha Bank as lead bank, in the amount of €325 million. This financing strengthens the Group’s liquidity and financial flexibility, while at the same time highlighting the confidence of banks and institutions in Management’s vision, providing the Group with resources to achieve its strategic objectives.
Christian Hadjiminas, founder and CEO of THEON, stated regarding the results of the first half of 2026:
“Our strong performance during the first half of 2026 confirms THEON’s continued momentum and the successful execution of our growth strategy. Recent acquisitions and strategic partnerships have strengthened our technological capabilities and expanded our total addressable market to nearly €8 billion.
The market continues to grow rapidly, as defense priorities increasingly shift toward advanced ISR (Intelligence, Surveillance and Reconnaissance) capabilities, autonomous systems, and solutions leveraging Artificial Intelligence (AI). Our priority is the effective integration of these new capabilities. The unprecedented speed and progress of achievement recorded to date are putting THEON on a path of profitable growth and long-term value creation for our shareholders.”
