NRD Cyber Security recorded strong growth and international expansion in 2024

Core Insights - NRD Cyber Security experienced significant growth in 2024, with consolidated revenue reaching EUR 10,194 million, a 37.6% increase from 2023, and net profit rising by 23.3% to EUR 1,012 million [1][2] Group 1: Financial Performance - The company generated consolidated revenue of EUR 10,194 million in 2024, marking a 37.6% increase compared to the previous year [1] - Net profit for the year was EUR 1,012 million, reflecting a 23.3% growth from 2023 [1] Group 2: Market Demand and Project Implementation - The results indicate a growing global demand for cybersecurity services, with the company's team successfully implementing complex projects in both Lithuania and international markets [2] - There is an increasing need for organizations to enhance their cyber resilience at operational and IT infrastructure levels [2] Group 3: International Projects and Collaborations - NRD Cyber Security has developed internationally recognized security solutions, including the Natrix platform, which has been deployed in the Egyptian financial sector [3] - The company completed a major project with the European Union Agency for Cybersecurity (ENISA) to assess and enhance the cyber resilience of EU countries [4] - Other notable projects include the development of a postal ISAC for the Universal Postal Union and the design of a cybersecurity incident response team for the Eastern Caribbean Region [4] Group 4: Innovation and Strategic Development - The company actively invests in innovative solutions that align with national and EU strategic priorities, enhancing the capabilities of Security Operations Centres (SOCs) to exchange critical information in real time [5] - NRD Cyber Security aims to create secure digital environments for various stakeholders, including countries, governments, and businesses [6]