Core Viewpoint - Theon International Plc (THEON) demonstrated strong financial performance and achieved significant milestones in FY 2024, with a focus on growth strategies and operational advancements [1][3]. Financial Highlights - Order intake for FY 2024 was €466 million, reflecting a book-to-bill ratio of 1.3x [11]. - Revenue increased by 61.1% to €352.4 million, driven by scaling existing contracts and securing new ones [12]. - Adjusted EBIT rose by 56.5% to €88.4 million, maintaining a margin of 25.1% [11][12]. - Proposed dividend per share is €0.34, representing a 35% payout ratio of FY 2024 net income [12]. Operational and Strategic Highlights - Successful listing on Euronext Amsterdam in February 2024 raised approximately €94 million for growth [3]. - Major contract wins included extensions and new agreements with global defense forces, enhancing operational security [4][5]. - Acquisition of Harder Digital aimed at insourcing critical components and strengthening the supply chain [5]. Post Period End and Outlook - Strong start to 2025 with new contracts and participation in significant programs, boosting FY 2025 guidance coverage to around 90% [6]. - Anticipation of further orders due to increasing international traction for A.R.M.E.D products and low global penetration of night vision goggles [6]. - The company is in advanced stages of several large tenders, predicting strong growth in the coming years [6]. Additional Information - THEON placed approximately 3.2 million shares in March 2025, broadening its investor base [7]. - Included in FT Europe's 1,000 fastest-growing companies for the second consecutive year [7]. - Initiated the process to participate in the United Nations Global Compact, emphasizing commitment to sustainable practices [7].