Corporate News Archive - STEYR MOTORS AG

Steyr Motors: Free float increases to 80% following share reallocation by Mutares

Mutares SE & Co. KGaA sells its remaining 23% stake in line with its strategy – Positive signal, as expected step enables entry of institutional investors
Very strong demand from international institutional investors, as well as the United States
Broadly diversified and significantly expanded shareholder base with a stable anchor shareholder (B&C Holding), free float (including management) now at 80%
Improved share liquidity increases attractiveness for private and institutional investors

Steyr, Austria, 20 November 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, was informed that Mutares SE & Co. KGaA has sold its remaining 23% stake in Steyr Motors AG. The total of 1,213,206 shares held by Mutares SE & Co. KGaA were very successfully placed with international institutional investors, including those from the United States, as part of a private placement. The broad and very strong interest shown by numerous international investors underscores Steyr Motors’ high capital market attractiveness and confidence in the Company’s medium- and long-term growth potential.

The transaction will significantly broaden Steyr Motors’ shareholder structure: B&C Holding Österreich GmbHwill remain a reliable anchor shareholder with a 20% stake and a long-term commitment. The remaining 80% of the shares are in free float, including the share packages held by management. The significantly increased free float improves the liquidity of the share in daily trading, which further increases its attractiveness for private and institutional investors. At the same time, a broader shareholder base leads to greater market transparency and fairer pricing.

Positive signal from entry of new institutional investors – Mutares exit follows the logic of its business model

Mutares SE & Co. KGaA acquired Steyr Motors from Thales in the fourth quarter of 2022 as part of a carve-out and successfully implemented a rapid and highly successful operational turnaround. The listing on the Frankfurt Stock Exchange took place in October 2024, followed by a secondary listing on the Vienna Stock Exchange in early 2025. The sale of the Mutares share package is not a signal against the business model or prospects of Steyr Motors. Rather, it aligns fully with Mutares’ strategic approach of divesting investments again after a successful operational turnaround. The transaction was therefore to be expected and is fully consistent with the Mutares strategy. For Steyr Motors, the entry of new institutional investors is positive, as they will accompany and support the company’s planned substantial growth potential in the long term.

Julian Cassutti, CEO of Steyr Motors, comments: “The successful placement of Mutares’ share package is a significant milestone for our company. The strong interest shown by the new international institutional investors demonstrates that the operational development of Steyr Motors AG, our strategic positioning as a leading supplier of drive solutions for the most demanding requirements in the civil and military sectors, and our medium- and long-term prospects are receiving an extremely positive response. With our expanded investor base and a strong anchor shareholder, B&C Holding, at our side, we are ideally positioned to enter the next phase of our international growth.”

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail:ir@steyr-motors.com
www.steyr-motors.com

Press contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email:sh@crossalliance.de
www.crossalliance.de

Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
Email: matthieu.meunier@clai2.com

Press contact in the UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
Email: tsutton@1446.co.uk

20. November 2025

Steyr Motors confirms medium-term growth targets despite temporary order postponements

Corporate News

Forecast adjustment for 2025: Revenue growth of at least 15% to 25% and adjusted operating EBIT margin in the range of approximately 13% to around 16% expected
Order backlog of more than EUR 300 million by 2030 – structural growth drivers and international expansion underpin medium-term prospects
Medium-term targets confirmed: Revenue of approximately EUR 140 million and EBIT of approximately EUR 40 million in 2027
Additional growth potential from entering the new business area of mobile power generation as well as from the C2 emissions certification in China – none of this additional potential is reflected in the current order backlog or in the business plan communicated to date

Steyr, Austria, November 17, 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, today adjusted its forecast for the 2025 fiscal year. This is due to delays in several orders from international government customers with an expected sales volume in the low double-digit million euro range. As a result of these delays, based on current information, the orders in question will not generate revenue in the current fiscal year as planned, but only in fiscal year 2026.

In addition, further potential purchase orders are currently pending within the framework of existing contractual relationships and current customer negotiations, the realization of which was also originally planned for fiscal year 2025. However, based on current estimates, the company now assumes that some of these orders will not be placed in time to be recognized as revenue in fiscal year 2025, but will instead be recognized as revenue in fiscal year 2026.

Based on the updated assessment, the Management Board of Steyr Motors now expects sales of between EUR 48 million and EUR 52 million for the 2025 financial year, which would correspond to a revenue increase of 15% to 25% compared to the 2024 financial year (previously: sales increase of at least 40%). The operating EBIT margin, adjusted for costs related to the extraordinary general meeting and M&A consulting, is now expected to be between approximately 13% and around 16% (previously: EBIT margin of above 20%). The deviation in the EBIT margin reflects the expansion of production and the associated increase in personnel and other operating expenses, which are not offset by the originally planned sales revenues due to the shift in sales and are therefore a direct effect of the lower sales.

Despite the current delays in order intake, Steyr Motors continues to view its medium to long-term market and business prospects, including margin expectations, as intact. Against this backdrop, the company continues to confirm its medium-term forecast for the 2027 fiscal year.

Julian Cassutti, CEO of Steyr Motors, comments: “The adjustment of our forecast is based on commercial caution following recent customer discussions and for reasons of fairness to our stakeholders. We continue to see opportunities to compensate for at least part of the postponed sales through short-term call-offs. The postponement of orders planned for the fourth quarter is mainly due to the fact that budget approvals by end customers, and in particular by government institutions, are currently taking longer than expected. In addition, highly profitable license revenues are in the sales pipeline, the realization of which is expected to be delayed due to timing effects. Despite the temporary shift in revenues, we are very confident about our order backlog and sales pipeline. In addition, we see further significant growth opportunities arising from our new product, the M12 Power Unit.”

International expansion continues apace

Steyr Motors is consistently continuing its international expansion and has achieved significant milestones on several continents in 2025. With the recently announced expansion of its international partner network, the company is further strengthening its global market position: Two new distribution agreements – with Golden Arrow Marine in the United Kingdom and Petros Petropoulos AEBE in Greece – secure the distribution of marine propulsion systems and comprehensive spare parts and service supply. This enables Steyr Motors to create local structures to meet growing international demand in the long term. The entry into the Greek market marks a further step in European expansion, while the partnership in the UK consolidates the market position in the maritime and defense sector.

At the same time, the company is pushing ahead with internationalization in other key regions: market entry in Poland, the opening of a new location in Dubai, and the expansion of activities in China and Southeast Asia underscore Steyr Motors’ global reach. Particularly noteworthy is the joint venture with Shangyan Power in Singapore, which opens up new business opportunities in the ASEAN region and comprises (at least) a guaranteed sales volume of around EUR 65 million and an EBIT contribution of EUR 13 million over five years.

Another significant success was achieved in China: just ten months after opening its office in Beijing, Steyr Motors received local certification in accordance with the C2 emission standard – a crucial prerequisite for market penetration in the world’s largest shipbuilding market. This approval opens up additional order potential of at least EUR 100 million by 2030.

In addition, the new business segment of mobile energy supply – based on the M12 Power Unit (M12PU) – opens up additional growth opportunities. Steyr Motors expects cumulative sales of well over EUR 100 million from this segment by 2030.

Parallel to the market launch of the M12 Power Unit, Steyr Motors is already seeing very concrete interest from potential customers in various application areas – particularly in the field of laser-based anti-drone defense systems and other mission-critical security and defense applications. Steyr Motors is in advanced discussions regarding possible exclusive purchase agreements. The significant sales potential of this new product category is not included in the existing order backlog or in the currently communicated business plan and therefore represents a significant additional growth lever.

Medium-term prospects remain intact

Despite the current delays, the Management Board continues to view Steyr Motors’ medium to long-term market and business prospects as intact. The total order backlog of more than EUR 300 million until 2030 forms a solid basis for organic growth with increasing profitability in the coming years.

The company continues to target revenue of approximately EUR 140 million and EBIT of approximately EUR 40 million by 2027.

Julian Cassutti, CEO of Steyr Motors AG, adds: “We have laid the foundations and capacities needed to sustainably realize the successes of our internationalization strategy. Our order books are well-filled. At the same time, we are in highly promising discussions with numerous customers regarding additional orders that open up both short-term and medium-term sales potential. Temporary delays in individual projects do not change our medium- and long-term growth prospects: our international markets are developing strongly, and our existing order backlog provides a solid basis for profitable growth. At the same time, we are systematically evaluating M&A opportunities to generate additional, strategically relevant growth. Moreover, our new product, the M12 Power Unit, presents further significant additional growth opportunities.”

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
Email: matthieu.meunier@clai2.com

Press contact in the UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
Email: tsutton@1446.co.uk

17. November 2025

Steyr Motors strengthens international sales network – new distribution partners in the United Kingdom and Greece

Corporate News

Expansion of partner network to drive global growth strategy
Two new distribution agreements with a minimum volume of EUR 5 million
Establishment of local structures in response to rising demand
Official market entry in Greece

Steyr, Austria, 11 November 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, is further expanding its international market presence and has signed two new distribution agreements with a total minimum contract volume of EUR 5 million. With Golden Arrow Marine, Steyr Motors is solidifying its position in the important British market, while the Greek company Petros Petropoulos AEBE officially opens up a new regional market. Both partnerships cover the distribution of maritime propulsion systems and a comprehensive spare parts business.

New partner for growing demand in the UK market

With Golden Arrow Marine, Steyr Motors has gained one of the most experienced maritime service providers in the United Kingdom as an official distribution partner. Founded in 1935 and headquartered in Poole (Dorset, UK), the company operates five locations along the south coast of England and has more than 90 years of experience in the defense, leisure and commercial maritime sectors. Golden Arrow Marine operates service centers and mobile service teams throughout the United Kingdom and internationally, highly qualified personnel, a fully equipped shipyard infrastructure with a 45-tonne lift capacity, and is a proven specialist in repair, diagnosis, repowering and delivery of new propulsion systems for all types of propulsion.

“With Golden Arrow Marine, we are increasing service quality, response speed and regional proximity for our British customers. Growing demand in the UK market requires a strong, locally based structure,” says Julian Cassutti, CEO of Steyr Motors.

Official market entry in Greece

Through its new partnership with the stock listed Greek industrial and technology company Petros Petropoulos AEBE, Steyr Motors is now officially entering the Greek market, having previously operated without an official partner in Greece. Petros Petropoulos was founded in 1922 and is active in the automotive, energy, industrial equipment, maritime and defense sectors. The company is one of the most established tech and industrial groups in the country. The cooperation covers the distribution of maritime drives and spare parts. Through the partnership, Steyr Motors customers now have local contacts, technical support, spare parts supply and integrated services on site.

Strategic strengthening of international market position

With both partners, Steyr Motors is continuing its global growth strategy to be closer to customers, faster in service and stronger in sales. Rising demand in the maritime and defense sector requires regionally anchored structures – these are now being established in two important European markets. “With Golden Arrow Marine and Petros Petropoulos, two strong, experienced and technically first-class companies are joining our global network. Our customers will benefit from even more intensive support, local service expertise, fast response times and a professional spare parts supply via short routes,” adds Julian Cassutti.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20% and a production volume of at least 1,250 units.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
Email:ir@steyr-motors.com
www.steyr-motors.com

Press contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Telephone: +49 89 125 09 0333
Email:sh@crossalliance.de
www.crossalliance.de

Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
Email: matthieu.meunier@clai2.com

Press contact in the UK
14:46 Consulting
Tom Sutton
Telephone: +44 7796 474940
Email: tsutton@1446.co.uk

11. November 2025

Steyr Motors increases revenue by over 15% in the first nine months of 2025 – further increasing strong order backlog of more than EUR 300 million

Corporate News

Revenue rises by 15.2% to EUR 34.4 million in the first nine months of 2025 (previous year: EUR 29.9 million)
EBIT at EUR 4.0 million (previous year: EUR 5.4 million) – temporarily impacted by targeted capacity expansion
Solid order backlog of more than EUR 300 million remains – conclusion of further high-volume orders expected

Steyr, Austria, 23 October 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, today presented its figures for the first nine months of 2025. Business development in the year to date has been characterized by a sustained positive order trend and the expansion of capacity to process the high order backlog.

Steyr Motors recorded a 15.2% increase in revenue to EUR 34.4 million in the first nine months of financial year 2025 (previous year: EUR 29.9 million). EBIT amounted to EUR 4.0 million (previous year: EUR 5.4 million), reflecting the planned ramp-up of production and personnel capacities. Steyr Motors is currently investing consistently in the further expansion of its production and in the expansion of its team in order to create the conditions for significantly higher production output in the coming quarters. Although these measures will lead to increased personnel and other operating expenses compared to the same period last year, they will lay the foundation for a noticeable improvement in profitability in the coming quarters. The expansion of capacities also serves to secure international competitiveness and prepare for the planned, significant ramp-up in production in order to efficiently process the high and growing order backlog.

Steyr Motors continues to record strong momentum in order intake and has consistently expanded its international market presence in the past quarter. In the maritime segment, the Company has concluded new framework agreements with partners in the UK, Italy, France, and Asia. These agreements cover the delivery of a total of 600 inboard diesel engines with a total value of more than EUR 20 million. Targeted diversification across various markets and applications strengthens the stable foundation for future growth.

With its successful market entry in Poland, Steyr Motors has reached another important milestone in its international expansion. The conclusion of a framework agreement with one of the country’s leading distributors provides the basis for further expansion into key markets in Eastern Europe. At the same time, the Company has strengthened its global presence with the opening of a new location in Dubai – a strategic hub between Europe, Asia, and Africa and a dynamic growth market with a sales potential of several thousand engines.

In addition, Steyr Motors has secured additional growth opportunities in the ASEAN region through its joint venture with Shangyan Power in Singapore. The joint venture provides market access for new applications in the areas of industrial power supply, commercial maritime, and special off-road applications, and includes guaranteed revenue of around EUR 65 million and an EBIT contribution of around EUR 13 million over the next five years.

Expansion is also progressing in China. Just ten months after opening its office in Beijing, China, Steyr Motors has been certified in accordance with the local C2 emissions standard, thereby fulfilling another important prerequisite for tapping into the world’s largest shipbuilding market. This certification opens up additional order potential of at least EUR 100 million by 2030 and will accelerate the Company’s international expansion in the long-term.

The total order backlog until 2030 remains comfortably above EUR 300 million, thus providing a solid foundation for predictable, organic growth with increasing profitability in the coming years.

Julian Cassutti, CEO of Steyr Motors AG, comments: “We have created the conditions and capacities to reap the fruits of our labor, especially our internationalization strategy. Our order books are filled and provide high visibility for years to come, and they will continue to grow in the future. We are in promising discussions with numerous customers for significant additional order volumes with both short- and medium-term revenue impact.”

Outlook

The Management Board is confident about the future and expects sustained high growth momentum in the coming years based on a robust order backlog of more than EUR 300 million. With regard to the 2025 financial year, the Management Board considers the current forecast, which anticipates revenue growth of at least 40% with an EBIT margin of over 20%, to be achievable in principle. However, due to slow budget approvals in some cases and longer-than-expected decision-making processes on the part of end customers, particularly government institutions, there may be delays on specific dates or during certain periods. The extent to which end customers realize call-offs from the existing order backlog will be increasingly decisive for the achievement of targets in the financial year. In addition, a number of short-term and medium-term orders are currently under active negotiation, although there is still some uncertainty regarding their conclusion and timing. Regardless of this, the Management Board expressly confirms its medium-term growth target of achieving revenue of approximately EUR 140 million and EBIT of approximately EUR 40 million by 2027, and continues to expect high and rising demand momentum due to the decisions of NATO member states and significantly increasing international defense budgets.

With the strategic expansion of its product portfolio to include the new business segment of mobile energy supply, Steyr Motors is establishing an additional long-term pillar of growth and earnings. Entering this billion-dollar market not only strengthens the Company’s technological and market position in the defense sector, but also opens up new potential in the civilian sector. Based on the new M12 Power Unit (M12PU), the Management Board expects additional cumulative revenue of well over EUR 100 million by 2030 and sees considerable cross-selling potential through the existing international distribution network. This further underpins Steyr Motors’ long-term growth strategy and lays the foundation for a sustainable increase in revenue and earnings beyond the current business plan.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

23. October 2025

Steyr Motors launches completely new business segment and enters global market for mobile power generation – additional cumulative revenue of well over EUR 100 million expected by 2030

Corporate News

New product category for reliable energy supply for mission-critical defense scenarios such as anti-drone defense systems, energy solutions for military and special operations, base camps, etc.
Initial promising discussions with potential customers regarding specific exclusive purchase agreements
Entry into the growing diesel generator market, which is expected to reach EUR 37 billion by 2032
Significant cross-selling potential through existing international distributor network
Cumulative revenue of well over EUR 100 million expected up until 2030

Steyr, Austria, 21 October 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, introduces the M12 Power Unit (M12PU), a new product that outperforms the competition, and enters the global market for mobile energy supply, opening up another billion-dollar market.

New standards in efficiency and power density

Steyr Motors’ new power generation unit is compact and modular. It delivers 32 kVA of power at a weight of only 600 kilograms, setting new standards in efficiency and power density compared to its competitors. Steyr Motors stands out from the three leading players in this market – Caterpillar, Cummins, and MTU. The decision to develop the M12PU was based on a combination of technological expertise and market demand. Steyr Motors has a base engine that has been proven over the years in auxiliary power units (APUs) for heavy military vehicles. Further development into a mobile power generation solution was the logical next step. Specific customer inquiries underscore the relevance of the new product.

Reliable power for mission-critical operations

The M12 Power Unit is designed for a wide range of applications and provides reliable power supply in a variety of scenarios. It serves as a mobile power source for military vehicles, bases, and camps, ensuring a secure supply for command centers, radar systems, and defense systems. It also supports humanitarian missions, field hospitals, and disaster relief with stable power in critical situations. The M12PU is also used in the maritime sector and in special vehicles, as well as in the supply of (anti-)drone and weapon systems that place the highest demands on mobility and reliability.

Addressable market of EUR 37 billion – cumulative revenues of well over EUR 100 million planned by 2030

With the M12PU, Steyr Motors is targeting the largest segment of the diesel generator market, which accounts for approximately 80% of the total market in the power class up to 60 kW. According to Fortune Business Insights, the market for diesel generators is a growth market that, based on available market studies, will grow significantly between 2024 and 2032 from EUR 21 billion to EUR 37 billion (+76%) – this corresponds to an annual growth rate of around 7.5%. Steyr Motors plans to make its first substantial deliveries in 2027 and expects cumulative revenue of more than EUR 100 million in this area by 2030.

Start of series production in the second half of 2026 – new business segment expands existing business plan

Series production of the M12 Power Unit is scheduled to start in the second half of 2026. This will only require minor capital expenditure on industrialization and, in particular, on staffing in the production area. However, the corresponding costs have already been taken into account in the business plan. The impact on revenue and earnings from the new business segment has not yet been included in the business plan communicated to date and will increase it substantially. From the start of series production, the Company expects an EBIT margin of more than 20% for the pure product, excluding maintenance, repair, and servicing.

“With the M12 Power Unit, we are expanding our business model to include an attractive new product category. This product strengthens our strategic positioning in a market with long-term growth potential and attractive margins. With our robust distribution network in key markets, we anticipate significant cross-selling opportunities with existing customers, as defense companies increasingly seek complete solutions that also include mobile power supplies. We are firmly convinced that our outstanding technology will enable us to capture a significant share of the market,” comments Julian Cassutti, CEO of Steyr Motors AG.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

21. October 2025

Steyr Motors secures EUR 65 million in revenue and EUR 13 million EBIT contribution over five years through joint venture with Shangyan Power in Singapore

Corporate News

Additional growth opportunities in the ASEAN region
New applications in the fields of industrial energy supply, commercial marine, and specialized off-road applications
Guaranteed revenue and EBIT contribution included in the five-year plan starting 2026

Steyr, Austria, 8 September 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, announces the establishment of a joint venture with Shangyan Power Technology Jiangsu Co., Ltd. (“Shangyan Power”). Shangyan Power is one of Asia’s leading companies in the development and production of a wide range of diesel engines.

The joint venture is not only a strategic milestone in the internationalization strategy, opening up new growth opportunities in the ASEAN region and globally, but also secures a contractually guaranteed minimum contribution of EUR 65 million in revenue and EUR 13 million in EBIT within five years starting in 2026. Both partners thereby reaffirm their commitment to ensuring sustainable competitiveness and global growth. A key advantage for Steyr Motors, beyond the positive revenue and earnings effect, is that the capacity expansion through the joint venture requires no additional capital for investments or working capital.

This strategic partnership combines Steyr Motors’ international brand recognition, engineering expertise, and development capabilities with Shangyan Power’s regional market strength and manufacturing capacity. The result is an expanded product portfolio covering additional performance classes tailored to the diverse requirements of international customers in the fields of industrial energy supply, commercial marine applications, and specialized off-road applications. The new product line complements Steyr Motors’ existing core products without overlap, opening up new customer segments for the company. In the ASEAN region alone, Steyr Motors gains access to an additional addressable market potential in the three segments estimated at USD 13 to 20 billion.

“This partnership is a significant step in our global strategy,” explains Julian Cassutti, CEO of Steyr Motors AG. “It strengthens our ability to provide locally manufactured, high-quality propulsion solutions while expanding our product portfolio in a targeted manner. Together, we will unlock new markets, improve our responsiveness, and establish a solid foundation for long-term success.”

The joint venture will support Steyr Motors in expanding its global sales and service network. This will enable Steyr Motors to serve a broader customer base more efficiently and quickly. Operations are scheduled to begin at the end of 2025.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

11. September 2025

Steyr Motors secures EUR 65 million in revenue and EUR 13 million EBIT contribution over five years through joint venture with Shangyan Power in Singapore

Corporate News

Additional growth opportunities in the ASEAN region
New applications in the fields of industrial energy supply, commercial marine, and specialized off-road applications
Guaranteed revenue and EBIT contribution included in the five-year plan starting 2026

Steyr, Austria, 8 September 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, announces the establishment of a joint venture with Shangyan Power Technology Jiangsu Co., Ltd. (“Shangyan Power”). Shangyan Power is one of Asia’s leading companies in the development and production of a wide range of diesel engines.

The joint venture is not only a strategic milestone in the internationalization strategy, opening up new growth opportunities in the ASEAN region and globally, but also secures a contractually guaranteed minimum contribution of EUR 65 million in revenue and EUR 13 million in EBIT within five years starting in 2026. Both partners thereby reaffirm their commitment to ensuring sustainable competitiveness and global growth. A key advantage for Steyr Motors, beyond the positive revenue and earnings effect, is that the capacity expansion through the joint venture requires no additional capital for investments or working capital.

This strategic partnership combines Steyr Motors’ international brand recognition, engineering expertise, and development capabilities with Shangyan Power’s regional market strength and manufacturing capacity. The result is an expanded product portfolio covering additional performance classes tailored to the diverse requirements of international customers in the fields of industrial energy supply, commercial marine applications, and specialized off-road applications. The new product line complements Steyr Motors’ existing core products without overlap, opening up new customer segments for the company. In the ASEAN region alone, Steyr Motors gains access to an additional addressable market potential in the three segments estimated at USD 13 to 20 billion.

“This partnership is a significant step in our global strategy,” explains Julian Cassutti, CEO of Steyr Motors AG. “It strengthens our ability to provide locally manufactured, high-quality propulsion solutions while expanding our product portfolio in a targeted manner. Together, we will unlock new markets, improve our responsiveness, and establish a solid foundation for long-term success.”

The joint venture will support Steyr Motors in expanding its global sales and service network. This will enable Steyr Motors to serve a broader customer base more efficiently and quickly. Operations are scheduled to begin at the end of 2025.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

8. September 2025

Steyr Motors drives international expansion with new location in Dubai

Corporate News

Strengthening its presence in the Middle East
Global hub connecting Europe, Asia, and Africa
Dynamic growth market offers revenue potential of several thousand engines

Steyr, Austria, 3 September 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, is consistently pursuing its international growth strategy by opening a new location in Dubai. This step strengthens the company’s presence in the Middle East and lays the foundation for selling several thousand engines in the region over the coming years.

The Middle East plays a central role in Steyr Motors’ international expansion. The region is investing heavily in infrastructure, security technologies, and maritime applications – all areas in which Steyr engines are well-established. The Middle East is a dynamic growth market and a geostrategic hub connecting Europe, Asia, and Africa. With a local presence, Steyr Motors can ensure both proximity to customers and a rapid market response. Due to the strong demand for powerful and reliable propulsion solutions in sectors such as marine, defense, and special vehicles, the Dubai location offers considerable sales potential.

Ian Norton will take over as head of the Dubai site. A renowned industry expert, Norton was most recently the CEO of Streit Group, a leading provider of armored vehicle solutions. Prior to that, he held senior positions at global engine manufacturer Cummins for many years.

“Our new location in Dubai is laying the foundation for sustainable growth in one of the world’s most strategically important regions. We are delighted to welcome Ian Norton, a highly qualified manager with extensive international experience and in-depth market knowledge, to our team,” says Julian Cassutti, CEO of Steyr Motors.

This new location marks another milestone in Steyr Motors’ global strategy: the aim is to access new markets, strengthen customer proximity, and meet long-term demand for innovative engine solutions.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

3. September 2025

Steyr Motors Successfully Enters Key Market in Poland – Framework Agreement Signed with Leading Distributor

Corporate News

Market entry in Poland marks another important milestone in international expansion
Framework agreement with one of Poland’s leading distributors
Expansion into other key Eastern European markets

Steyr, Austria, 5 August 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, has reached another important milestone in its international expansion strategy by successfully entering the Polish market. By concluding a long-term framework agreement with Taurus Sea Power sp. z o.o., a well-established distributor of marine engines, Steyr Motors is simultaneously launching its expansion into other key Eastern European markets, including Estonia, Latvia and Lithuania.

The contract began upon its conclusion in July 2025 and covers exclusive cooperation in sales, spare parts, and services for Steyr Motors marine engines. The goal is to systematically develop the market in Poland and neighboring Eastern European countries. Poland has the highest defense spending in Europe as a percentage of its gross domestic product (GDP) (2024: 4.2%), followed by Estonia (3.4%). Poland plays a central role in EU and NATO security policy. Thus, the Eastern European markets offer Steyr Motors considerable growth potential, with high demand in both the civil and military segments.

A key element of the partnership is training service technicians. In the future, Taurus Sea Power will have certified SMO technicians to ensure consistently high quality after-sales service. Taurus Sea Power has decades of experience selling marine engines and serves a wide range of customers, from recreational and sports boat owners to yacht owners. This new partnership strengthens Steyr Motors’ presence in a fast-growing, highly relevant market.

“Entering the Polish market is a milestone for our international growth strategy. It is also a significant step toward geographical diversification within our core European market,” says Julian Cassutti, CEO of Steyr Motors.

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

5. August 2025

Steyr Motors Publishes Half-Year Report – Order Backlog Reaches New Record High of Over EUR 300 million

Corporate News

Revenue increases by 17.1% to EUR 23.1 million in H1/2025 (previous year: EUR 19.7 million)
EBIT at EUR 3.4 million – corresponding to an EBIT margin of 14.8%
Order intake significantly above previous year – order backlog strongly expanded to over EUR 300 million as basis for medium- and long-term growth
Additionally, further potential of around EUR 200 million
Strategic framework agreements concluded with international partners
2025 outlook confirmed: revenue increase of at least 40% and EBIT margin of above 20%

Steyr, Austria, 31 July 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, today presented its figures for the first half of 2025. Thanks to targeted investments in personnel expansion, material stockpiling, and the enhancements of production capacities, the company was able to continue its revenue growth while laying the foundation for further earnings growth throughout the year.

Steyr Motors achieved a 17.1% increase in revenue to EUR 23.1 million in the first half of 2025 (previous year: EUR 19.7 million), which is in line with its plans. EBIT amounted to EUR 3.4 million, corresponding to a margin of 14.8%. The development of earnings reflects the targeted expansion of capacities, particularly in terms of personnel and material reserves. Consequently, personnel and material expenses are higher than in the same period last year. These measures serve to secure international competitiveness and, in particular, to prepare for the upcoming strong production ramp-up in order to process the high order backlog. Additionally, high-margin engineering revenue with a key customer falls into the second half of the year due to the reporting date, which will be evident in rising profitability levels over the course of the year. With the successful expansion of capacity, the company is well positioned to grow in the second half of the year as planned, achieving significantly higher profitability and accelerating its growth momentum.

Order intake developed particularly dynamically in the first half of the year, rising significantly compared to the previous year. Of particular note is the exceptionally high visibility, which already enables Steyr Motors to plan confidently for the medium-term future. New strategic framework agreements with renowned partners such as Rheinmetall Landsysteme GmbH (Germany), Laborde Products Inc. (USA), Ghatge Patil Industries (India), as well as new customers in Latin America and Asia strengthen Steyr Motors AG’s international presence for both civilian and defense-related applications and confirm the effectiveness of its global business development strategy. The total order backlog has increased to over EUR 300 million by 2030. This clearly signals the company’s sustainable positioning in international competition and a more than solid foundation for foreseeable, organic growth in the coming years.

Beyond the existing order backlog, there are additional tangible opportunities with existing customers to increase order intake in the short term substantially. An example of this is the planned procurement as part of an EU initiative by the German Ministry of Defense, which is currently considering the purchase of around 2,500 armored vehicles and approximately 1,000 Leopard 2 battle tanks for the establishment of a new NATO brigade. The resulting potential orders are not yet included in the order backlog or in the current outlook and, according to the company’s estimates, offer further revenue potential of around EUR 100 million.

This also demonstrates the momentum generated by ongoing international defense initiatives. Persistent geopolitical uncertainty has led to rising global demand, particularly in the defense sector, with Europe, the US, and India leading the way.

At the same time, the company is conducting a feasibility study on establishing local production in Southeast Asia, which has the potential to produce up to 3,000 units annually. This additional revenue, not yet included in the order backlog, amounts to approximately EUR 100 million by 2030, underscoring the attractive long-term expansion opportunities.

Julian Cassutti, CEO of Steyr Motors AG: “We are investing specifically in people, structures, and markets, and we are already seeing the first results from our efforts this year. The strong order intake and high visibility for the coming years provide the planning security necessary for continued profitable growth. Looking ahead to the second half of the year, we expect a significant increase in profitability, particularly through the implementation of several high-margin projects.”

In light of solid operational performance, continued ramp-up of existing programs, and sustained strong demand, the Management Board reaffirms its outlook for the 2025 financial year. It continues to expect revenue growth of at least 40% and an EBIT margin of above 20%.

Half-Year Report and Conference Call

The half-year Report 2025 is available on the Steyr Motors AG website in the Investor Relations section at ir.steyr-motors.com.

A conference call for representatives of the press, analysts and institutional investors will also be held today at 14:00 (CEST). The current investor presentation on the 2025 half-year financial figures will be published on ir.steyr-motors.com. Registration for the earnings call is possible under the following link: https://webcast.meetyoo.de/reg/LQGYHcTiGKFu

Company profile of Steyr Motors AG

Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of above 20%, and a production volume of at least 1,250 units.

For more information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

31. July 2025