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Greek company Theon reports record Q1 2025 results as global demand for night vision and thermal imaging systems accelerates

On April 28, 2025, the Greek company Theon International Plc released its Q1 2025 Trading Update, showing strong financial and operational momentum. The Greek-headquartered defense technology group reported a significant year-on-year increase in key financial metrics, driven by expanding global demand for its night vision and thermal imaging systems. According to the company, revenue in the first quarter of 2025 reached €90.8 million, marking a 19.8% increase compared to the €75.8 million recorded in Q1 2024. This growth was accompanied by a 202.3% surge in new orders, totaling €117.9 million, resulting in a book-to-bill ratio of 1.3x, or over 2x when including approximately €100 million in new options with a high probability of conversion to backlog. Read full defense news at this link...

The Greek-headquartered defense technology group reported a significant year-on-year increase in key financial metrics, driven by expanding global demand for its night vision and thermal imaging systems. (Picture source: Theon)



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