Exail Technologies closed fiscal 2025 with consolidated sales of €479 million, marking a 28% increase versus the prior year and aligning with the company s recently revised target and analyst expectations. Revenue momentum carried into the fourth quarter, where sales rose 22% to €153 million.
Segment performance in Q4 was uneven but tilted toward the Navigation & Maritime Robotics division, which recorded a 30% rise in sales to reach €123 million. The Advanced Technologies segment also contributed to the quarterly increase, posting a 9% gain to €34 million.
Order intake in the October to December period totaled €147 million, representing a 2% year-on-year increase. The quarter s bookings included a material award for several hundred K-STER drones with a contract value of approximately €40 million.
For the full year, Exail reported an 87% surge in orders to €844 million. That jump was driven in large part by a substantial contract won in February valued at €400 million, a factor that materially lifted annual intake.
The company s backlog held broadly steady as the year ended, at €1.07 billion compared with €1.08 billion at the end of September 2025, indicating a stable level of work yet to be recognized as revenue.
Looking forward, Exail has provided an initial view for 2026 that anticipates another year of double-digit sales growth. The company framed this outlook as a preliminary, broad guidance consistent with its normal practice of refining forecasts as the year progresses.
Analyst forecasts differ modestly. Kepler Cheuvreux models 22% revenue growth to €582 million, while consensus estimates point to a 20% rise to €573 million. Kepler Cheuvreux also reiterated a Buy rating on Exail and set a target price of €124, which it says equates to a 7.5% upside from the prevailing share price of €115.40.
The figures underline a year in which a combination of robust deliveries in core maritime robotics and the timing of large contracts drove top-line expansion, while the company s backlog and forward guidance provide the basis for the stated expectation of continued double-digit growth in 2026.