PRESS RELEASE | AMSTERDAM, 1 December 2025, 7:00 am – Theon International (Euronext: THEON) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION. This announcement is an advertisement relating to the intention of Theon International Plc to proceed with the Rights Offering (as defined b ...

PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 4 November 2025 – Theon International Plc (THEON) secured a new order worth over €100 million from a European NATO member state as part of the €300 million framework agreement announced on 17 October. This first tranche of this agreement requires the delivery of several thousands Night Vision Goggles (NVGs), monoculars and binoculars. The deliveries are evenly scheduled for 2026, 2027 and 2028. Additional orders are expected in the short and mid-term ...

Core Points - Theon International Plc has secured a €300 million senior facility agreement with a syndicate of 9 banks, which can be upsized to €400 million if needed [2][4] - The funds will be utilized for refinancing existing short-term debt, supporting general corporate purposes, and potentially financing larger acquisitions [2] - Theon Group is a leader in developing and manufacturing night vision and thermal imaging systems for defense and security applications, with a global presence [6] Financial Details - The revolving credit facility has a tenor of 5 years [2] - Theon Group's CFO highlighted the favorable terms of the agreement, which enhances financial flexibility and supports growth ambitions [4] Company Background - Theon Group has been operational since 1997 and has a significant international presence with subsidiaries and production facilities in multiple countries [6] - The company has over 220,000 systems in service with armed and special forces in 71 countries, including 26 NATO countries [6] - Theon International Plc has been listed on Euronext Amsterdam since February 2024 [6]

Group 1 - Theon International Plc (THEON) will initiate a buyback of up to 1,400,000 ordinary shares until June 5, 2026, to fulfill obligations under a planned long-term employee incentive plan [2][3] - The buyback program was approved by shareholders at the General Meeting held on June 5, 2025 [2] - Venetus Limited, the majority shareholder, received an exemption from launching a mandatory takeover bid due to the passive increase of its voting rights resulting from the buyback [3] Group 2 - The company plans to implement the buyback program under the 'safe harbour' exemption in accordance with Article 5 of the Market Abuse Regulation [4] - Ongoing share repurchase information will be available on the company's website [4] - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence [5]

Core Viewpoint - Theon International Plc has successfully completed a share placement, increasing its free float to enhance liquidity and attract investor interest [2][3][4]. Group 1: Share Placement Details - Venetus Limited sold approximately 3.73 million shares, representing about 5.3% of Theon's share capital, with the placement priced at Euro 31.1 per share [2][4]. - Theon will not receive any proceeds from this placement, which was executed to improve the liquidity of its shares [3][4]. - Following the placement, Venetus and CHRE Investment Limited will hold approximately 70.0% of the company's share capital, while the free float will increase to 30.0% [4]. Group 2: Market Response and Future Outlook - The placement was oversubscribed, indicating strong interest from both existing and new investors, with demand nearly double that of a previous placement [6]. - The CEO expressed confidence that the increased free float will enhance trading liquidity and support the company's long-term growth strategy [6]. Group 3: Company Background - Theon Group specializes in developing and manufacturing advanced night vision and thermal imaging systems for defense and security applications, with a global presence [8]. - The company has over 200,000 systems in service across 71 countries, including 26 NATO member countries, and has been listed on Euronext Amsterdam since February 2024 [8].

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].