Core Insights - Novian generated consolidated revenue of EUR 12.5 million in H1 2025, down from EUR 15.9 million in H1 2024, but maintained stable profitability with normalized EBITDA of EUR 1.05 million and gross profit of EUR 3.89 million [1] - The group is focused on high value-added solutions, efficiency, and international expansion, indicating a strategic shift towards sustainable profitability [2][3] - The majority of revenue (69%) was generated in Lithuania, with 20% from other European countries and 11% from outside Europe, reflecting a growing export of services [4] Financial Performance - The group recorded a one-off loss impact of EUR 1.659 million on H1 2025 EBITDA due to atypical factors that do not affect normal operations [1] - CEO Tomas Vitkus stated that the revenue decline was a planned outcome due to the discontinuation of low value-added projects, positioning the company for future growth [3] Strategic Projects - Significant projects include a flight controller worktime planning system for the Brazilian Air Force and an AI-based optical systems design platform for the European Space Agency [5] - In Lithuania, a VAT registration system was developed for the State Tax Inspectorate to enhance efficiency [5] Technological Focus - The company emphasizes its capabilities in complex, innovative areas such as artificial intelligence and plans to expand its client base in the defense and space sectors [6] - Flagship projects include a high-security backup domain storage system for Vilnius City Municipality and comprehensive database services for the Bank of Lithuania [7] Educational Initiatives - The national computer supply project aims to equip over 530 schools with 16,169 laptops, enhancing educational infrastructure [8] - The Cyber Competence Center at Kaunas University of Technology features advanced AI and cybersecurity infrastructure built on the NVIDIA AI Enterprise platform [8] Future Outlook - Novian plans to further develop advanced technological solutions, strengthen foreign market positions, and focus on long-term value projects, particularly in AI and operational efficiency [10]