Core Viewpoint - Theon International Plc (THEON) reported strong Q1 2025 performance with significant growth in order intake, revenue, and earnings, driven by high demand for night vision technologies and advanced augmented reality capabilities [2][6][9]. Financial Summary - Order intake reached €117.9 million in Q1 2025, a 202.3% increase from €39.0 million in Q1 2024 [3]. - Revenue for Q1 2025 was €90.8 million, up 19.8% from €75.8 million in Q1 2024 [3]. - Adjusted EBIT was €23.0 million, reflecting a 34.2% increase compared to €17.2 million in Q1 2024, with an adjusted EBIT margin of 25.3% [3][9]. - Earnings per share increased by 38.9% to €0.25 from €0.18 in Q1 2024 [3]. - Capital expenditures (Capex) were €3.3 million, a 33.7% increase from €2.5 million in Q1 2024 [3]. Operational Highlights - The soft backlog at the end of Q1 2025 was €668.6 million, up 2.2% from €654.2 million in December 2024, providing solid visibility for future growth [3][9]. - The company secured several new contracts, including participation in the German Future Soldier Program, enhancing its product offerings in the A.R.M.E.D ecosystem [9]. - THEON's majority shareholder placed approximately 3.2 million shares, improving stock liquidity and broadening the investor base [9]. - The company was recognized in the FT Europe 1,000 fastest growing companies list for the second consecutive year [9]. - THEON initiated the process to join the United Nations Global Compact, emphasizing its commitment to sustainable practices [9].