Corporate News Archive - STEYR MOTORS AG

Steyr Motors AG acquires BUKH A/S – strategic expansion to become the leading supplier for mission-critical defense and marine applications

Acquisition of Danish marine engine manufacturer BUKH A/S – a leading international SOLAS specialist with a strong global distributor and service network
Expansion of the service range to an almost comprehensive marine portfolio enables significantly increased revenue potential per customer
Acquisition expands opportunities in the defense sector for unmanned surface vessels (USV)
Strengthening of position as leading SOLAS player in the civil and defense segment with recurring aftermarket business
Acquisition already contributing to EBIT in its first full year of consolidation, while maintaining a solid capital structure

Steyr, Austria, 25 February 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, has today signed a binding agreement for the acquisition of 100% of the shares in the Danish companies BUKH A/S and SLC Ejendomme ApS. BUKH A/S is a leading international specialist in SOLAS-certified engines for rescue and military boats. This acquisition marks a strategic step for Steyr Motors in becoming a broadly positioned, globally scalable supplier in the field of mission-critical marine applications.

Comprehensive marine engines portfolio

By integrating BUKH, Steyr Motors is expanding its range of engines from the previous 120 to 300 hp to 24 to 700 hp in the future. This creates a virtually comprehensive portfolio of marine engines for the first time, enabling Steyr Motors to position itself as a full-range supplier. The expanded product range opens up new opportunities for Steyr Motors to participate in international tenders across multiple performance levels, significantly increasing the revenue potential per customer. At the same time, it further strengthens the company’s position as a system provider in the field of mission-critical marine applications.

BUKH is internationally recognized as a leading supplier in the SOLAS (Safety of Life at Sea) segment – a highly regulated market with high barriers to entry and long-term spare parts and service cycles. The globally applicable SOLAS regulations define binding requirements for ship safety, rescue equipment (e.g. lifeboats), fire protection, emergency and evacuation systems, among other things. The engines are used in particular in lifeboats, fast rescue boats, civil special applications, and in the defense sector – wherever maximum reliability under extreme conditions is required. Founded in 1899 and headquartered in Krusaa, Denmark, BUKH employs staff in Denmark and China. The company is led by an experienced, well-connected, and dedicated management team.

Significant scaling effect

BUKH’s annual sales volume of SOLAS-certified engines is around four times the previous SOLAS marine volume of Steyr Motors. In addition to a significant increase in unit numbers, the transaction strengthens the industrial base with a second European production site and, at the same time, increases supply chain resilience.

In addition, BUKH has a strong international distributor and service network, which significantly improves market access, particularly in Asia and South America. This complementary customer and sales structure enables immediate cross-selling potential and accelerated international scaling without additional infrastructure investments. Significant sales synergies are also expected.

The expanded performance range opens up additional opportunities – especially in the field of unmanned surface vessels (USVs). Steyr Motors is already experiencing strong growth in demand in this area, but has not been able to take on all projects due to its limited performance range. The integration of the BUKH platform strategically closes this gap.

At the same time, the acquisition strengthens the company’s position as leading SOLAS player in the civil and defense marine segment. SOLAS certifications create long-term customer loyalty, recurring aftermarket revenue, and a stable, high-margin business structure.

High synergy and margin potential

The combination of both companies opens up substantial operational and strategic synergy effects. The complementary product portfolios and sales structures create immediate cross-selling potential, particularly in the high-margin aftermarket business, which traditionally generates above-average spare parts and service profits in the SOLAS segment.

A key strategic lever lies in the planned platform strategy: combining BUKH’s SOLAS integration expertise with Steyr Motors’ know-how and base engines creates a foundation for accelerated development cycles, shorter time-to-market processes, and more efficient R&D resource utilization. In addition, harmonizing IT and support structures creates further efficiency opportunities at the Group level. Overall, Steyr Motors expects the integration to result in a sustainable improvement in operating profitability and a structural strengthening of EBIT margins in the coming years.

Julian Cassutti, CEO of Steyr Motors, comments: “By acquiring BUKH, we are gaining a globally recognized SOLAS specialist for mission-critical applications. With an expanded performance portfolio, we can immediately address additional market opportunities, particularly in the rapidly growing USV segment, where we are already experiencing very high demand. This transaction represents a strategic quantum leap for us in the marine and defense business and also marks the start of a series of potential further acquisitions as part of our strategic M&A agenda.”

Financing of the transaction

The purchase price will be financed through a balanced combination of cash and a capital increase by contribution in kind. A significant portion of the purchase price will be paid in cash, while the remaining portion will be paid through the issuance of new shares from authorized capital. The seller is subject to a lock-up obligation. Additionally, an earn-out model linked to operating performance indicators for the coming financial years has been agreed upon, thus ensuring that the interests of the buyer and seller are aligned. The transaction structure is designed to maintain Steyr Motors AG’s solid capital structure while allowing scope for further organic growth and strategic initiatives. On an EBIT basis, the acquisition will already have a clear value-enhancing effect in the first full year of consolidation.

The transaction is subject to customary conditions precedent and is expected to close by the end of the first quarter of 2026.

Continuity of leadership

To ensure a smooth integration process, the previous owner and CEO of BUKH, Søren Christiansen, will remain on the BUKH Supervisory Board for at least two to three years and actively support the integration. This will ensure the transfer of knowledge, stability of distributors, and continuity of operations.

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:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

25. February 2026

Steyr Motors: Earnings Call Invitation on the Publication of the FY 2025 Annual Report on Friday, March 6, 2026, at 9:00 (CET)

Corporate News

Steyr, Austria, 25 February 2026 – 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, will publish its FY 2025 Annual Report on March 6, 2026. An earnings call will be held on that day at 9:00 (CET).

The event will be hosted by Julian Cassutti, CEO of Steyr Motors, who will lead through the results of the financial year 2025 and the outlook for 2026, as well as an overall picture of the business development of Steyr Motors, followed by a Q&A session.

The presentation will be held in English.

To participate in the earnings call, please register here:

https://webcast.meetyoo.de/reg/iwx5jgQP9vVv

All participants will be on mute during the presentation. Participants who wish to ask a question, may do so after presentation during the Q&A session.

The accompanying presentation will also be available on the company’s website at https://ir.steyr-motors.com/en/publications/ prior to the start of the earnings call.

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, Schweiz
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

24. February 2026

Steyr Motors Transitions Group Structure to a Holding Model – Platform for Accelerated Growth and International Expansion

Corporate News

Creation of a clear holding structure that separates strategic management from operational business
Increased financial flexibility and transaction capability to support planned M&A activities
Optimization of governance, risk structure, and scalability to support sustainable international growth

Steyr, Austria, 17 February 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, is planning a strategic realignment of its corporate structure. Its operational business activities are to be transferred to a wholly-owned subsidiary, with Steyr Motors AG set to function as a strategic holding company in future.

With this reorganization, Steyr Motors is creating the structural foundation for its next phase of growth. The clear separation between strategic management and operational business activities enhances transparency and efficiency in corporate leadership and strengthens governance.

The holding structure enables greater transactional flexibility, as acquisitions, investments, or joint ventures can be structured and financed flexibly at the level of individual subsidiaries – with clear risk separation and optimized capital allocation, as well as faster integration of new business areas. In addition, the new structure improves financing options. Individual business units can be provided with equity or debt capital in a targeted manner, while at the same time increasing the company’s attractiveness to strategic investors and financing partners. At the same time, central functions are consolidated across the Group, and key intangible assets as well as core technologies are structurally safeguarded. This increases the scalability of the business model and creates a robust platform for both organic and inorganic growth.

Julian Cassutti, CEO of Steyr Motors: “With the new holding structure, we are establishing the organizational and financial foundation for Steyr Motors’ next stage of development. Specifically, we are preparing the Group for planned acquisitions and creating the flexibility to efficiently integrate new business areas and technological expertise. Our goal is to further develop Steyr Motors as a technologically advanced, globally scalable group of companies.”

The restructuring is subject to the approval of Steyr Motors AG’s Annual General Meeting on April 10, 2026. Approval from the Steyr Motors AG Supervisory Board for the resolution in principle is expected in the coming days.

Further details on the planned restructuring will be published in the Management Board’s de-merger report, along with the invitation to the Annual General Meeting.

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:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

17. February 2026

Steyr Motors with double-digit growth in 2025 and strong outlook for 2026

Corporate News

Revenue and adjusted EBIT in line with the revised 2025 forecast
Revenue growth driven by both Civil and Defense segments
Significant sales potential unlocked
Outlook 2026: Strong revenue increase expected with rising EBIT margin

Steyr, Austria, 3 February 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, closed the 2025 financial year, with positive operational developments in its Civil and Defense business segments. The company achieved its revenue and earnings targets set out in the revised forecast issued in the fourth quarter of 2025. Based on preliminary and unaudited figures, Steyr Motors generated EUR 48.5 million in revenue in the 2025 financial year. This represents a 16.4% increase from the previous year’s figure of EUR 41.7 million.

Growth was driven by increased sales of engines as well as increases in the spare parts and engineering business. Both operating segments performed solidly. Revenue from the Civil segment totaled EUR 19.6 million, while revenue from the Defense segment amounted to EUR 28.8 million.

In terms of earnings, Steyr Motors generated an EBIT of EUR 5.8 million in the 2025 financial year, corresponding to an EBIT margin of 11.9%. Adjusted EBIT amounted to EUR 7.0 million, corresponding to an adjusted EBIT margin of 14.5%. The difference between EBIT and adjusted EBIT is primarily due to one-time costs for M&A consulting and capital market-related effects from the extraordinary general meeting. Overall, business performance in 2025 was characterized by further international market expansion and targeted efficiency improvements along the supply chain.

New growth opportunities unlocked

Operational and strategic highlights in the 2025 financial year include numerous new contracts, generating additional sales potential that substantially exceeds the previously communicated order backlog. New strategic framework agreements with renowned partners, including Rheinmetall Landsysteme GmbH, Laborde Products Inc. (USA), and other new customers in North America and Asia, strengthen the company’s international presence and highlight the attractiveness of its portfolio.

Of particular note is the signing of a multi-year framework agreement with Asian distribution partner Trysun for the Asian marine market, with a guaranteed minimum volume of 750 engines by 2030, as well as the operational launch of a joint venture in China. This joint venture will enable additional growth without any capital investment and is expected to lead to local production in the future. Steyr Motors’ C2 emissions certification, announced in September 2025, opens up further revenue potential of at least EUR 100 million in the world’s largest shipbuilding market. Other growth steps include successful market entry in Poland, new marine supply agreements in several European countries and Asia, and a significant new customer order from India. Additionally, new customers were acquired, particularly in the US, and the presence in the MENA region was expanded.

New business areas and technological expansion as additional growth drivers

Steyr Motors has also established a new business segment focused on mobile power generation, with projected cumulative revenue in excess of EUR 100 million by 2030. The new power units are already attracting considerable customer interest and are tailored for mission-critical defense scenarios, such as anti-drone defense systems, energy solutions for military and special operations, and base camps. Series production is scheduled to begin in the second half of 2026.

In addition, Steyr Motors has identified new opportunities in the US beyond its existing applications for the supply of engines for unmanned watercraft, thereby positioning itself in a new, promising defense market. These unmanned surface vehicles (USVs) are deployed without a crew and operate either remotely or autonomously. USVs are used, among other things, for reconnaissance and surveillance missions, patrols, and mine detection and clearance.

Preparing for inorganic growth

Steyr Motors is thus strategically well positioned to solidify its market position as a globally growing, broadly diversified specialty engine manufacturer and to continue on its growth path in the 2026 financial year and beyond. In line with its organic growth strategy, the company is also pursuing a targeted inorganic growth path, with some initiatives already at an advanced stage. The M&A activities initiated focus on targets with a clear strategic fit.

Forecast for 2026

“We are seeing a sustained positive trend in order intake, and thanks to an order backlog of over EUR 300 million, we have high visibility until the end of 2030. Additionally, there are numerous opportunities beyond our current budget, with a volume of over EUR 500 million. Looking ahead to the 2026 financial year and beyond, we therefore expect a significant expansion of business activities. After experiencing delays in two revenue-related framework agreements last year, we expect accelerated growth in 2026, accompanied by increased profitability,” comments Julian Cassutti, CEO of Steyr Motors.

For the 2026 financial year, the Management Board expects revenue to increase to EUR 75-95 million. The EBIT margin is expected to be at least 15%. This projected growth will be driven in particular by intensified sales and marketing activities in Asia, the MENA region, and North America. Additional momentum is expected from the new business area of mobile energy generation and from the expansion of business in the field of unmanned watercraft. In addition, the Management Board expects to successfully complete M&A transactions in the 2026 financial year.

The medium-term forecast for the 2027 financial year, as communicated in the strategic planning process, remains unchanged.

Company presentation at the 15th Hamburg Investor Days (HIT)

On February 4, 2026, at 12:20 p.m. (CET), Julian Cassutti, CEO of Steyr Motors, will give a company presentation at the 15th Hamburg Investor Days (HIT). Registration for virtual participation is possible via the following link:

Steyr Motors – Company Presentation 15th Hamburg Investor Days

The Annual Report and audited figures for the 2025 financial year will be published on 6 March 2026.

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:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

3. February 2026

Steyr Motors receives development contract from a leading international defense and technology group based in Singapore

Corporate News

Development and delivery of engines for a state-of-the-art all-terrain vehicle
Significant sales potential of more than EUR 20 million by 2030, in addition to existing business
Strong signalling effect for Asian markets outside of China

Steyr, Austria, 29 January 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, has been awarded a strategically significant and groundbreaking development order from a leading international provider of defense and security technologies headquartered in Singapore. The publicly traded customer develops and manufactures modern land vehicles, weapon systems, ammunition solutions, and integrated mobility and protection systems for armed forces and security authorities worldwide.

Strategic cooperation for pioneering vehicle technology

Steyr Motors was commissioned to develop and supply the powerful M14TCI-120 4-cylinder vehicle engine for a new, future-oriented all-terrain vehicle concept. The combination of high power density, exceptional reliability, and extreme robustness makes the M14TCI-120 an ideal drive solution for the planned vehicle concept and underscores Steyr Motors’ technological leadership in the segment of mission-critical drive systems.

Promising market potential and high order volume expected

The development contract covers engine delivery and development services. In addition, current project planning indicates significant long-term sales potential for engine deliveries in the high three-digit range, with an expected order volume for Steyr Motors of more than EUR 20 million by 2030, which exceeds the order backlog previously communicated. This potential reflects the growing international demand for powerful and reliable drive systems for modern emergency vehicles.

Julian Cassutti, CEO of Steyr Motors, comments: “The collaboration with this new customer is just as significant as the development contract we signed with Rheinmetall Landsysteme GmbH about a year ago. The fact that the Singapore-based defense and technology group has placed its trust in our expertise and experience confirms the international competitiveness of our products and our development team. We are proud and look forward to making a key contribution to a pioneering vehicle concept with our M14TCI-120. This project sends a strong signal and forms the basis for further platforms for this customer. The development contract solidifies our role as a preferred development partner for sophisticated drive solutions in safety-related applications worldwide, providing another strong foundation for our 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:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

29. January 2026

Steyr Motors accelerates expansion in Asia – 5-year frame contract securing at least EUR 30 million in revenue through 2030 – establishment of local production in China initiated

Corporate News

5-year framework agreement with guaranteed minimum revenue: export of at least 750 engines from Austria to China
Additional joint venture with the Asian partner Trysun aimed at establishing local production in China to serve the Asian market more efficiently
Pure growth effect with no additional investment requirements
High upside potential of more than EUR 100 million beyond the existing business plan

Steyr, Austria, 12 January 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, is strengthening its market position in Asia. Steyr Motors has concluded a 5-year framework agreement with a guaranteed minimum revenue and, in addition and independently thereof, has established a joint venture with the Asian partner company Trysun, which has already commenced operations. This step marks a key milestone in Steyr Motors’ localization strategy in China and neighboring Asian markets and represents the starting point of a multi-stage localization roadmap toward future production based in Asia.

The 5-year framework agreement secures a binding minimum order volume of at least 750 additional engines through 2030. These engines will initially be manufactured at the company’s headquarters in Steyr, Austria, and exported to China, ensuring immediately predictable revenues and high visibility over several years.

In parallel and independently of the 5-year contract, Steyr Motors has established a joint venture with Trysun, which serves as a strategic platform for further localization in China and adjacent Asian markets. The joint venture and the establishment of local production in China have already been initiated. The objective is to unlock additional business potential that is not part of the secured minimum volume under the five-year agreement, in order to supply the Asian market more efficiently.

By combining secured export business from Austria with additional local growth through the joint venture, Steyr Motors is sustainably strengthening its market position in one of the world’s most dynamic growth regions. The joint venture requires no capital investment from Steyr Motors and therefore represents a pure growth effect without any impact on the company’s investment planning.

The step-by-step localization enables Steyr Motors to respond even more precisely to the requirements of Asian customers, accelerate market share gains, and open up new application areas and business fields. At the same time, this model offers significant additional upside potential that goes well beyond the secured minimum revenues.

Julian Cassutti, CEO of Steyr Motors: “The new 5-year framework agreement provides us with an exceptionally high level of planning certainty through a guaranteed minimum revenue and the export of our engines from Austria to China. In addition, with the joint venture with Trysun, we have a reliable and technologically sophisticated partner at our side who shares our vision of quality, innovation, and sustainability. This expanded partnership represents another milestone on our path to developing the Asian market over the long term and offering our customers tailored solutions locally. Without any additional investments, we are unlocking – as announced in our half-year report – substantial upside potential of more than EUR 100 million in order volume beyond the business plan communicated to date.”

The joint venture also serves as a strategic pilot project and, as a blueprint, forms the basis for future collaborations, such as license-based production models, with the aim of further expanding Steyr Motors’ global presence.

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

12. January 2026

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

Corporate News

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