OHB (OHB) Q4 2025 earnings summary

Executive summary

• Achieved multiple successful satellite launches in 2025, including Earth observation, weather, and navigation satellites.

• Achieved profitable growth in 2025, with total revenues up 21% year-over-year to EUR 1,247.6 million.

• Order intake reached an all-time high of EUR 2,078 million, supporting future growth.

• Expanded operations with new facilities in Sweden and the UK, and acquired a manufacturing plant to support industrialization.

• Celebrated 25 years as a publicly listed company, with significant growth in revenues and employees.

Financial highlights

• Order backlog rose 34% year-over-year to EUR 3.19 billion as of December 31, 2025.

• Total revenues increased 21% year-over-year to EUR 1.25 billion.

• Adjusted EBITDA rose 13% year-over-year to EUR 125.6 million.

• EBIT surged 419% to EUR 73.3 million; adjusted EBIT reached EUR 84.0 million (+17%).

• Net profit after minorities was EUR 50.1 million, up from a loss in 2024.

Outlook and guidance

• Entering the next ESA cycle with a record-high order backlog and additional upside from European Commission and sovereign funds.

• Strategic investments and capacity expansions position the group for anticipated growth in the space sector.

• Major European and German government budgets for space and defense infrastructure support long-term demand.

• Adj. EBIT margin for FY 2025 was 6.7%, with a slight decrease from 7.0% in 2024.