Corporate News Archive - STEYR MOTORS AG

Steyr Motors AG: Voluntary public tender offer by SMOT Acquisition GmbH, a subsidiary of Red Cat Holdings, Inc. – Offer price of EUR 39.00 in cash

Steyr, Austria, 19 October 2026 – Steyr Motors AG (the “Company”) (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, has been informed that SMOT Acquisition GmbH, Vienna, (the “Bidder”), intends to make a voluntary public tender offer addressed to all shareholders of the Company in the form of a cash offer for all shares in the Company (the “Steyr Shares”) (the “Offer”). The Bidder is a wholly owned subsidiary of Red Cat Holdings, Inc. (“Red Cat”), a Nevada corporation with its principal executive offices in Salt Lake City, Utah, United States, listed on the NASDAQ Stock Market under the ticker symbol “RCAT”.

The offer price is EUR 39.00 in cash per Steyr share. The proposed offer price represents a premium of 55.8% over the 52-week low of the Steyr share and a premium of 28.9% over the share’s Xetra closing price on October 16, 2026. The Offer is expected to be subject to customary conditions, including foreign direct investment clearances as well as a minimum acceptance threshold of 50% plus one Steyr Share. The Bidder expects completion of the Offer – subject to regulatory clearances and further customary conditions – in the first half of 2027.

In addition, the Company has been informed that the Bidder has entered into an agreement with B&C Holding Österreich GmbH holding approximately 15.0% of the Steyr Shares. Under this agreement, the shareholder is obliged, in accordance with the respective agreement, to accept the Offer for all Steyr Shares held by it.

Steyr Motors has undergone a structural transformation in recent years: After CEO Julian Cassutti’s appointment in 2022, a rapid and successful turnaround in 2024 was followed by the listing on the Frankfurt Stock Exchange, as well as the broadening of the shareholder base after the placement of former majority owner Mutares’ remaining stake in 2025. The next step with Red Cat continues this trajectory: Steyr’s Austrian engineering base gains a strategic partner with the scale, customer access and capital to support the next phase – including further development of Steyr’s specialized power units and its role in Red Cat’s growing platform across unmanned systems.

Julian Cassutti, CEO of Steyr Motors AG, comments: “Four years into Steyr Motors’ transformation, I am very excited to shape its next chapter with Red Cat as strategic partner on our side. Our engineering and Red Cat’s reach into international markets are the basis for joint growth, and Red Cat stands firmly behind our site and our people. For our shareholders, the all-cash Offer is a chance to realize their investment in cash today. I stand behind this step, and I intend to tender my own shares alongside them.”

Dr. Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG, adds: “The potential transaction highlights Steyr Motors’ strategic appeal and presents an opportunity to further accelerate international expansion, tap into new markets, and sustainably strengthen access to key resources. The Supervisory Board sees significant strategic potential in the proposed combination. Subject to review of the legal and economic terms and conditions such as published in the offer document, we view the potential transaction favorably.”

Red Cat intends to maintain and expand Steyr as an Austrian center of excellence. The existing jobs are to be safeguarded, manufacturing and research and development will remain on-site. Beyond this planned development, Red Cat intends to explore – in dialogue with the management and the workforce – the medium-term potential for Steyr to serve as an anchor point for expanding Red Cat’s European activities.

Jeff Thompson, Chief Executive Officer of Red Cat, states: “Steyr Motors has built a strong business in Austria with specialized engineering talent, trusted customer relationships and proven marine engine technology. This proposed transaction is about investing in that foundation and helping Steyr Motors grow. We see Austria as central to the future of the business, and our goal is to provide additional resources, customer access and long-term demand that can support Steyr Motors’ employees, operations and continued expansion.”

Conditions and Timeline

Subject to a positive review based on the final offer documents and the adoption of the necessary resolutions by the Management Board and the Supervisory Board, the Company intends to publish a final supporting statement on the offer. Completion of the proposed Offer is subject to, among others, the condition that, at the end of the acceptance period, Red Cat holds at least 50% plus one share of Steyr Motors AG.

Red Cat expects the acceptance period, during which shareholders may tender their shares, to commence shortly, and to end on December 18, 2026, at 5:00 p.m. CET.

The complete offer document will be published on a dedicated transaction website: https://ir.redcatholdings.com/

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.

About Red Cat Holdings, Inc.

Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its integrated portfolio of trusted U.S. and allied hardware and software, Red Cat supports military, government, and public safety operations across air, land, sea and space. Its systems span small unmanned aircraft systems, uncrewed surface vessels, wireless power transfer technology, and autonomous swarming software to enhance situational awareness, operational effectiveness, and mission safety. Learn more at https://redcat.red/

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

Legal notice:

This announcement constitutes neither an offer to purchase securities nor a solicitation of an offer to purchase or sell securities of Steyr Motors AG.

Certain statements herein are forward-looking statements. They are based on the current expectations and assessments of the Management Board and are subject to risks and uncertainties. Actual developments and results may differ materially from the expectations expressed or implied in these statements due to various factors.

19 October 2026

Steyr Motors and drone specialist Avilus are cooperating on the power supply for the Grille unmanned aircraft system

Corporate News

Steyr Motors’ newly developed Power Generator M12 Power Unit enables parallel charging of battery packs during flight operations
Newly developed Power Generator offers significant potential for applications including drones and counter-drone systems
High power density and modular scalability for a flexible power supply under demanding military operating conditions
Successful field deployment during flight tests and Bundeswehr exercises, including at ExpS Land, where a demonstration was conducted in front of German Defense Minister Boris Pistorius

Steyr, Austria, 16 October 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, and the German drone specialist Avilus are cooperating on the power supply for the Grille unmanned aircraft system. As part of this collaboration, the high-performance generators of Steyr Motors’ M12 Power Unit (M12PU) are an integral part of the drone system’s ground-based power supply and enable efficient flight operations designed for high operational availability.

The Grille 9X, developed by Avilus, is a fully electric, autonomous aircraft system designed specifically for the evacuation of wounded personnel, as well as for resupply and logistics missions under demanding operational conditions. With a maximum payload of 175 kg, a range of 51 km, and a cruising speed of 86 km/h, the system is designed to transport patients and critical supplies. Thanks to redundant propulsion systems, interference-resistant navigation, and an integrated rescue system, Grille is designed for a high level of operational safety. The system can be made operational by two people in less than 15 minutes. A notable feature is the interchangeable battery system, which allows for a battery swap in just one minute.

Cooperation for a high-performance power supply in mission operations

The collaboration focuses on a high-performance and flexible power solution for military field operations. While the Grille is in flight, a second set of batteries is charged in parallel using the M12PU. After landing, the batteries can be replaced immediately, allowing the drone system to be redeployed quickly. Diesel consumption is approximately 15 liters per flight.

A key feature of the M12PU is its high power density. The power supply can be fully integrated into a 20-foot ISO container and can be expanded in a modular fashion depending on the specific power requirements. As a result, the M12PU offers a flexible solution for a variety of military deployment scenarios.

Successful testing under realistic operational conditions

Steyr Motors’ generators are already being used extensively in flight tests and during Bundeswehr exercises. A recent milestone was the successful conclusion of ExpS Land, during which the Grille system was also presented to German Defense Minister Boris Pistorius as part of a demonstration.

This practical application highlights the importance of a reliable and high-performance power supply for unmanned aircraft systems. The M12PU plays a central role within the overall Grille system: it provides the power needed to charge the battery packs on the ground, thereby enabling a rapid resumption of flight operations.

Steyr Motors strengthens its position in the military power supply area

The collaboration with Avilus highlights the potential applications of Steyr Motors’ generator technology beyond traditional propulsion systems. Compact generator solutions with high power density are becoming increasingly important, particularly in modern military systems. By integrating the M12PU into the Grille system, Steyr Motors is also demonstrating the potential of its technology in a demanding military application.

Julian Cassutti, CEO of Steyr Motors AG, comments: “The cooperation with Avilus exemplifies how our expertise in developing high-performance and reliable energy solutions can be combined with innovative drone technology. Together, we are creating a flexible solution that meets the specific requirements of military operations and significantly supports the operational capability of the Grille system. The successful testing by the Bundeswehr confirms the potential of our partnership and opens up interesting prospects for further cooperation in the field of unmanned systems. At the same time, we see significant potential for our newly developed Power Generator in further applications, including drone and counter-drone systems.”

Niclas Bähr, CEO of Avilus, adds: “A high-performance ground-based power supply is crucial for the operational deployment of our Grille. As part of this cooperation, Steyr Motors’ generators allow us to charge the batteries for the next flight even while missions are underway, thereby ensuring that our system remains operational with virtually no downtime. The high power density and modular integration provide us with the flexibility needed to meet a variety of operational requirements.”

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.

About Avilus

Avilus is a German aviation company developing and operating uncrewed aircraft for critical air support. Based in Ismaning near Munich, Avilus develops aircraft and systems for medical evacuation, logistics, operational support and long-range intelligence, surveillance and reconnaissance.

Its portfolio comprises Grille, an electric multicopter for medical evacuation and tactical resupply; Wespe, a multi-role uncrewed helicopter for logistics and operational support; and Bussard, a long-range fixed-wing aircraft for ISR missions. All platforms are built around RasCore, Avilus’ common architecture for mission planning, aircraft supervision, navigation, communications and operational integration.

Avilus’ approach is not to replace existing critical air support assets, but to add scalable capacity where and when it is needed.

Rescue. Protect. Provide.

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

Avilus Contact
Roberta Walser
Partnerships Lead
Phone: +49 89 24889 269 151
E-mail: roberta.walser@avilus.com
www.avilus.com

16 October 2026

Steyr Motors confirms long-term growth strategy with strong order backlog and attractive project pipeline

Corporate News

Revenue of EUR 22.8 million in the first half of 2026, roughly at the previous year’s level
Temporary delays in the defense business weigh on revenue and earnings development, but long-term growth strategy remains intact
Adjustment of guidance for 2026: revenue growth of 15% to 25%, EBIT margin of 8% to 12%
Civil business grows to EUR 13.4 million in the first half of the year
Order backlog of EUR 310 million through 2030 remains at a high level
BUKH acquisition and new holding structure as important strategic milestones

Steyr, Austria, August 19, 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, generated consolidated revenue of EUR 22.8 million in the first half of 2026, roughly on a par with the same period last year. Adjusted EBIT amounted to EUR 0.1 million with an EBIT margin of 0.4%.

Business development was mainly impacted by delays in international defense projects. These were primarily caused by delays in public procurement, approval and acceptance processes. As a result, planned revenue of around EUR 10 million in the first half of the year could not be recognized. The affected projects remain part of Steyr Motors’ strong project pipeline and confirm the continued high demand in the core markets addressed, so that revenue realization is postponed to later reporting periods.

Strategic course set despite temporary project postponements

“The first half of 2026, as with numerous other European companies with a strong defense business share, was marked by postponements of individual international projects. Against this backdrop, we have adjusted our expectations for the year as a whole and have already taken possible further delays into account conservatively. At the same time, the developments of the past few months confirm the attractiveness of our strategic positioning: Steyr Motors is active in structurally growing specialized markets with high technological requirements and has a strong project pipeline in the areas of defense, marine, autonomous systems and mobile energy supply. Our focus remains on consistently exploiting these opportunities and creating the basis for sustainable, profitable growth,” says Julian Cassutti, CEO of Steyr Motors AG.

While the Defense segment fell short of expectations at EUR 9.4 million, the Civil business developed positively in the first half of 2026, increasing revenue to EUR 13.4 million. With the acquisition of the Danish marine engine manufacturer BUKH A/S and the introduction of a new holding structure, Steyr Motors also took important steps towards implementing its long-term growth strategy in the first half of the year.

Guidance adjusted

Against the backdrop of the project postponements, the Management Board has adjusted its forecast for the 2026 financial year and is now taking possible further delays into account conservatively. The Steyr Motors Group expects revenue growth in a range of 15% to 25% for 2026 compared to the previous year. At the same time, the Management Board expects an EBIT margin of 8% to 12%.

The delays also have an impact on the planned figures for 2027 communicated so far, which, from today’s perspective, will not be achieved within the originally expected time frame. However, the underlying market drivers and expected demand remain intact in the view of the Management Board. The Group’s corresponding revenue contributions will thus be postponed by one to two years in some cases.

Strong order backlog and attractive project pipeline

The core of the positive growth prospects is the progressive development of the order backlog and the project pipeline. The order backlog now amounts to EUR 310 million and has been further expanded. In addition to the almost 500 boats for the Navy SEALs already communicated, the project pipeline also includes a tender for 1,000 vehicles from a Spanish customer, which are also to be equipped with Steyr engines and whose production is scheduled to start in 2027. The KNDS framework agreement for around 500 motor-generator units until 2034 will also contribute to the basic utilization of production capacities in the long-term.

Steyr Motors thus has an intact and solid foundation for sustainable growth in the coming years from 2027. In addition to expected revenue contributions from existing defense programs and the expanded naval business, the new business areas of “unmanned systems” (USV/UGV) and “mobile power supply” in particular open up additional growth potential.

Strategy confirmation and outlook

The Management Board confirms the strategic orientation of Steyr Motors AG: With its focus on highly specialized defense, marine and energy solutions, the company addresses high-margin niche markets with high entry barriers and long-term growth potential.

For the second half of 2026, the Management Board expects a significant increase in revenue recognition. Demand in the core markets is high, and the current delays affect the timing of revenue recognition. In the view of the Management Board, the solid order backlog, the extensive project pipeline and the clear positioning in structurally growing markets form a strong basis for the further development of the Group.

Half-year report and conference call

The half-year report 2026 is available on the website of Steyr Motors AG in the Investor Relations section under https://ir.steyr-motors.com/en/publications/.

A conference call will also be held today at 2:00 p.m. (CEST) for representatives of the press, analysts and institutional investors. Registration for the conference call is possible under the following link:

https://webcast.meetyoo.de/reg/RztXfrLA2T49

Company profile of Steyr Motors AG

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

For further information, please contact:

Steyr Motors AG
Investor Relations
Tel.: +43 676 6222367
E-Mail: ir@steyr-motors.com
www.steyr-motors.com

19 August 2026

Steyr Motors: Earnings Call Invitation on the Publication of the Half-Year Report 2026 on Wednesday, August 19, 2026, at 10:00 am (CEST)

Corporate News

Steyr, Austria, 6 August 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 Half-Year Report 2026 on August 19, 2026. On the same day, the Company will host an Earnings Call at 10:00 a.m. (CEST).

The Earnings Call will be hosted by Julian Cassutti (CEO) and Björn Krausmann (CFO). They will present the results for the first half of 2026, provide an outlook for the remainder of the year, and give an overview of Steyr Motors’ business performance. The presentation will be followed by a Q&A session.

The Earnings Call will be held in English.

To participate in the Earnings Call, please register here:

https://webcast.meetyoo.de/reg/RztXfrLA2T49

All participants will be muted during the presentation. Participants wishing to ask a question may do so during the Q&A session following the presentation.

Prior to the start of the Earnings Call, the unaudited Half-Year Report 2026 and the presentation will be available on the Company’s website at: https://ir.steyr-motors.com/en/publications/

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
E-mail: sh@crossalliance.de
www.crossalliance.de

6 August 2026

Steyr Motors conquers the UGV market – engine technology powers autonomous ground vehicles

Corporate News

CORNUS UGV from RTC relies on proven high-performance engines from Steyr Motors
Presence in the future market for unmanned systems is being significantly expanded
U.S. rescue operation in the Strait of Hormuz supported by USV deployment underscores the high relevance of autonomous vehicle platforms and further fuels demand for unmanned vehicle solutions
Addressing a multi-billion-dollar market with an estimated volume of over USD 67 billion by 2033
Growth potential from autonomous defense solutions is only partially reflected in the current order backlog

Steyr, Austria, 12 June 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, is further expanding its position in the rapidly growing market for autonomous systems. Following successful deployments in the field of unmanned surface vehicles (USV), Steyr Motors’ technology is now also being integrated into state-of-the-art unmanned ground vehicles (UGV).

The CORNUS UGV, developed by the Slovenian specialist RTC, will be powered by a Steyr Motors engine in the future. The modular platform has been designed for demanding operations in military and security-relevant environments and can be flexibly configured for a wide range of missions. Whether used for logistics transport in rough terrain, as a mobile power station in the field, or for reconnaissance missions – such applications require extremely compact, fail-safe, and application-specific propulsion solutions capable of delivering uncompromising performance even under extreme thermal and mechanical loads.

“The integration of our engine into RTC’s CORNUS platform is an important and forward-looking example for Steyr Motors of how our engines, developed for highly critical defense applications, can optimally support the rapidly growing UGV segment. Unmanned systems demand maximum resilience. The technological DNA that makes our propulsion systems so successful in marine applications and protected vehicles now also provides autonomous land systems with the necessary power and reliability,” says Julian Cassutti, CEO of Steyr Motors AG.

The strategic importance of autonomous systems is becoming increasingly evident. Recently, the rescue of the crew of a downed U.S. AH-64 Apache helicopter near the Strait of Hormuz attracted attention. For the first time, an unmanned surface vehicle was operationally deployed in a maritime rescue mission involving personnel. The incident is considered a milestone for the entire industry and demonstrates how autonomous platforms are transitioning from testing phases into real-world, mission-critical operations.

The global unmanned systems market in the defense and security sector is currently undergoing a technological paradigm shift. Driven by the need to minimize risk, maximize endurance, and ensure extreme reliability, autonomous platforms are rapidly moving away from experimental prototypes toward mission-critical and life-saving operational deployments. According to current industry analyses, the global unmanned systems market is expected to reach a volume of over USD 67 billion by 2033, driven by a compound annual growth rate (CAGR) of more than 11%. The unmanned ground vehicle (UGV) segment in particular is developing dynamically: the military UGV market is growing rapidly and is forecast to reach nearly USD 5 billion by the mid-2030s.

Against the backdrop of rising global geopolitical tensions, armed forces worldwide are investing heavily in the modernization of their fleets. The focus is increasingly on semi- and fully autonomous platforms for reconnaissance, logistics, and soldier protection. Against this backdrop, demand for robust and efficient propulsion systems for autonomous platforms is also increasing. Steyr Motors benefits from decades of experience in developing engines for specialized military applications, naval operations, and security-critical systems. The growth opportunities arising from the globally expanding unmanned systems market – both in unmanned surface vehicles (USV) and unmanned ground vehicles (UGV) – are only partially reflected in the current order backlog of EUR 308 million as of the end of Q1.

“We highly value the cooperation with RTC and look forward with great anticipation to the continued technological development and future application possibilities of the CORNUS platform, and we are excited to further expand our presence in the unmanned systems market,” Julian Cassutti added.

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: +43 676 6222367
Email: ir@steyr-motors.com
www.steyr-motors.com

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

12 June 2026

Steyr Motors reports steady revenue growth in the first quarter of 2026 – Strong order backlog and increasing momentum in the Defense Business support growth outlook

Corporate News

Total order backlog of EUR 308 million, of which approximately EUR 200 million is legally binding
Rising demand in the defense marine sector, particularly for Unmanned Surface Vehicles (USVs), forms the basis for significant growth acceleration in 2026
BUKH acquisition strengthens market position in the international defense and specialized boat market and opens up additional revenue potential – consolidation from Q2 2026
Several major international projects and tenders scheduled to start from 2027 or already in the second half of 2026
Significant increase in earnings and margins expected in the second half of the year – forecast confirmed

Steyr, Austria, 20 May 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, made a stable start to the 2026 financial year and remains clearly on a growth trajectory operationally despite a subdued first quarter. A strong order backlog, increasing demand in the defense marine sector, and new European defense programs form the foundation for significant growth acceleration in the second half of the year and beyond.

In the first quarter of 2026, Steyr Motors generated revenues of EUR 11.7 million¹ (previous year: EUR 11.5 million). Revenue development was impacted by delays in larger order volumes from India and the Middle East due to geopolitical tensions surrounding the Iran conflict. The projects concerned remain intact and have merely shifted into later periods.

Adjusted EBIT reached EUR 0.9 million, compared to EUR 2.1 million in the previous year. This was primarily due to strategic upfront investments, including targeted personnel expansion, increased production capacities to support the company’s growth trajectory in 2026 and subsequent years, as well as the postponement of high-margin projects. At the same time, the company expects a significant margin increase over the course of the year driven by higher utilization of existing capacities, execution of the contractually secured order backlog, and deliveries of high-margin spare parts for a leading defense customer.

With a total order backlog of EUR 308 million, of which around EUR 200 million is legally binding, Steyr Motors already has exceptionally high revenue visibility through the end of 2030. The market for unmanned systems (USVs), in particular, is currently developing very dynamically, with Steyr Motors increasingly positioning itself as a technology supplier. The company also expects additional momentum from a follow-up order from the U.S. Navy for approximately 500 boats. Revenue contributions from this program are expected from 2027 onward.

Another strategic growth driver is the acquisition of the Danish BUKH Group, which will be consolidated into the Group’s financial statements starting from the second quarter of 2026. The acquisition is already proving more profitable than originally expected in this early phase. At the same time, through the integration of the BUKH Group, Steyr Motors is tapping into significant tender and cross-selling opportunities, as well as high-margin aftermarket potential in the international defense and specialty boat market.

In addition, further growth potential from 2027 onward – and already in the second half of 2026 – is expected from new European defense programs and ongoing tenders totaling nearly 2,000 vehicles across several countries. At the same time, the newly developed M12 Power Unit is being tested in the first half of the year by both European armed forces and a renowned drone manufacturer. The Company sees substantial potential from 2027 onward for future series orders in the fields of mobile power supply, autonomous systems, and modern military infrastructure.

Julian Cassutti, CEO of Steyr Motors AG, explains: “The timing delays of larger order volumes from India and the Middle East impacted business development in the first quarter. Nevertheless, the strong order backlog, increasing momentum in the field of unmanned systems (USVs), and additional impetus from European defense programs provide a solid foundation for a significant acceleration in business development in the second half of the year.”

Against the backdrop of strong operational momentum, the Management Board confirms its guidance for the 2026 financial year and continues to expect revenues between EUR 75 million and EUR 95 million, with an EBIT margin of at least 15%.

¹Of this amount, approximately EUR 1.7 million relates to revenues generated by Steyr Motors with BUKH A/S following the acquisition of BUKH A/S on 25 February 2026. These revenues are reported as third-party revenues, as BUKH A/S was only included in the consolidation scope of the Steyr Group as of 1 April 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: +43 676 6222367
Email: ir@steyr-motors.com
www.steyr-motors.com

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

20 May 2026

Steyr Motors AG completes Management Board and appoints Björn Krausmann as CFO

Corporate News

Steyr, Austria, 19 May 2026 – The Supervisory Board of 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, decided today to expand the Management Board to two members as planned. Effective 1 June 2026, Björn Krausmann will be appointed Chief Financial Officer (CFO) for a term of three years. Together with CEO Julian Cassutti, he will drive the company’s growth strategy as part of a two-member Management Board.

The planned expansion of the Management Board to include a CFO represents a significant step in the planned further development of the organization and, at the same time, takes into account the increasing internationalization of the business. Björn Krausmann has many years of experience in senior financial roles as well as extensive expertise in the areas of corporate development, transformation, and M&A. Most recently, he held a leadership position at the Pfleiderer Group.

In his new role, Björn Krausmann will be responsible in particular for the areas of finance, human resources, and IT.

Dr. Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG, expressly welcomes the appointment: “We are pleased to have gained an experienced CFO in Björn Krausmann, who will contribute his extensive experience specifically to the further development and expansion of Steyr Motors AG. With the expansion of the Management Board – which has been planned for some time and systematically implemented – we are also laying the groundwork for successfully shaping the next development phase of our Company.”

Julian Cassutti, CEO of Steyr Motors AG, adds:
“With Björn Krausmann, we are gaining a proven financial expert with extensive experience in the capital markets, M&A, and international growth financing. I am very much looking forward to the addition to the Management Board. His expertise will play a key role in strategically and financially supporting Steyr Motors’ next phase of growth. Together, we aim to further expand our position in attractive future markets and increase sustainable value for our shareholders.”

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: +43 676 6222367
E-mail:ir@steyr-motors.com
www.steyr-motors.com

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

15 May 2026

Successful Annual General Meeting of Steyr Motors AG – Dividend approved and Supervisory Board reconstituted

Corporate News

Dividend of EUR 0.25 per share approved
All agenda items adopted with strong majority
Supervisory Board strengthened with two new members and newly constituted
The M12 Power Unit, as a new product category, and new applications in unmanned maritime systems (UMS) open up additional growth potential beyond the current budget

Steyr, Austria, 10 April 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, today held its Annual General Meeting for the 2025 financial year in Steyr, Austria.

The shareholders approved the joint proposal of the Management Board and Supervisory Board and resolved to distribute a dividend of EUR 0.25 per share from the net retained profit reported as of 31 December 2025. In total, EUR 1,300,000.00 will be distributed from Steyr Motors AG’s net retained profit of EUR 8,116,308.21. The remaining amount will be carried forward to new account.

As part of the Annual General Meeting, the Supervisory Board of Steyr Motors AG was reconstituted as planned. Dr. Rolf Wirtz and Gerhard Schwartz, two experienced industry and capital markets experts, were newly elected to the board. Dr. Rolf Wirtz, former CEO of thyssenkrupp Marine Systems, was elected Chairman of the Supervisory Board at the constituent meeting. Gerhard Schwartz, most recently Managing Partner at EY, is designated to serve as Chairman of the Audit Committee and will in particular support the further development of the company’s financial and control structures. In addition, Alexander Fitzka, Investment Manager of the B & C Group and a member of the Supervisory Board since August 2025, was re-elected to the Supervisory Board by the Annual General Meeting and appointed Deputy Chairman of the Supervisory Board at the subsequent constituent meeting.

The previous Supervisory Board members Dr. Christian Klingler and Fabian Schlegel did not stand for re-election following the full exit of Mutares SE & Co. KGaA and stepped down from the board at the end of the Annual General Meeting. The Annual General Meeting expressed its confidence in CEO Julian Cassutti as well as in the members of the Supervisory Board for the 2025 financial year and approved all agenda items with a large majority.

In his speech, CEO Julian Cassutti emphasized in particular the strong visibility and significant growth potential of Steyr Motors AG: with a secured order backlog of more than EUR 300 million through 2030 and an additional, clearly identified pipeline of approximately EUR 530 million, this results in a total potential of up to EUR 830 million.

CEO Julian Cassutti placed particular emphasis on new application and growth opportunities that significantly expand the addressable market and offer substantial order potential in addition to the business plan previously communicated. Specifically, this involves the M12 Power Unit as a completely new product category and new application possibilities for the product portfolio in the field of unmanned maritime systems, known as Unmanned Surface Vessels.

With the introduction of the new M12 Power Unit, Steyr Motors has created an additional product category in the field of mobile power supply, thereby specifically targeting high-growth applications in mission-critical defense scenarios. The highly modular and compact unit enables a reliable power supply for anti-drone systems, mobile special forces, as well as field and base camps, thereby meeting a structurally rising demand for decentralized, robust energy solutions. With the M12 Power Unit, Steyr Motors is addressing a market that is projected to grow to a total volume of EUR 37 billion by 2032. Based on strong interest from existing and new customers and high cross-selling potential, initial revenue from the new product is already expected in the current year. “We see a cumulative revenue potential of more than EUR 100 million for the M12 Power Unit by 2030,” said Steyr Motors CEO Julian Cassutti.

At the same time, the expansion of the product portfolio’s range of applications opens up new opportunities in the field of unmanned systems (USV). These are becoming increasingly important, particularly in the maritime defense sector. Initial discussions regarding exclusive purchase agreements are already at an advanced stage. Supported by the existing international distribution network and significant cross-selling potential, Steyr Motors plans to generate cumulative revenue of well over EUR 100 million with this new product category by 2030, thereby establishing another key growth driver.

This will be accompanied by consistent international expansion in the U.S., Asia, and Europe, as well as a high-margin joint venture in ASEAN. The acquisition of BUKH, to be completed by the end of the first quarter of 2026, will serve as a strategic accelerator, strengthening the company’s position as a full-range provider with global market coverage and an immediate contribution to earnings. Long-term partnerships, including with KNDS through 2034 and Rheinmetall, further increase planning certainty.

Julian Cassutti, CEO of Steyr Motors AG: “We have laid the foundation for the next phase of growth in recent months – with a clear strategic direction, new product categories and targeted investments in international markets. In light of a structural supercycle in the defense sector, we see ourselves very well positioned to achieve our ambitious goals and create substantial long-term value for our shareholders.”

Shareholder attendance was 31.11%. Further details on the Annual General Meeting and the full voting results are available in the Investor Relations section at https://ir.steyr-motors.com/en/event/general-meeting-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: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

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

10 April 2026

Steyr Motors AG completes the acquisition of BUKH A/S – Important step into new markets with high synergy potential

Corporate News

Closing successfully completed: initial consolidation from Q2 2026
Strategic quantum leap: expansion into a full-range provider (24–700 hp) with significantly higher revenue potential per customer
Scaling & synergies: strengthening production, sales, and aftermarket with significant cross-selling potential
Value-accretive: positive earnings contribution expected already in the first year of consolidation

Steyr, Austria, 7 April 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, has successfully completed the acquisition of 100% of the shares in the Danish companies BUKH A/S and SLC Ejendomme ApS. With this transaction, Steyr Motors consistently continues its strategic expansion toward becoming a leading provider of mission-critical defense and marine applications. The initial consolidation of the BUKH Group will start from the second quarter of 2026.

Julian Cassutti, CEO of Steyr Motors AG, comments: “With the successful closing of BUKH, we are taking a strategic quantum leap in our marine and defense business. The expansion of our portfolio, access to new markets, and the resulting synergy potential lay the foundation for further international growth.”

With BUKH, Steyr Motors integrates a leading internationally specialist for SOLAS-certified engines (Safety of Life at Sea) with a globally established distribution and service network. The transaction significantly expands the performance range from the previous range of 120–300 hp to a future range of 24–700 hp. This enables Steyr Motors, for the first time, to offer a nearly complete marine portfolio, significantly increases revenue potential per customer, and enhances competitiveness in international tenders.

At the same time, Steyr Motors achieves substantial scaling effects following the completion of the transaction: sales volume in the SOLAS segment increases significantly, a second European production site strengthens the industrial base and enhances supply chain resilience. In addition, BUKH’s complementary sales network accelerates market access, particularly in Asia and South America, and opens up additional cross-selling opportunities.

Strategically, the acquisition is particularly important in the defense sector. The expanded performance range enables stronger positioning in the growing market for unmanned surface vessels (USVs). At the same time, Steyr Motors further strengthens its position in the SOLAS segment, which is characterized by high regulatory barriers to entry, long spare parts cycles, and a high-margin, recurring aftermarket business.

The acquisition is expected to have a positive impact on earnings already in the first full year of consolidation and will sustainably strengthen Steyr Motors’ operational profitability and EBIT margin in the coming years.

To ensure a smooth integration process, the former owner and CEO of BUKH, Søren Christiansen, will remain on BUKH’s Supervisory Board for at least two years and actively support the integration. As of April 1, Torben Damberg has assumed the operational leadership of BUKH. The mechanical engineer has extensive experience across the industrial value chain and most recently served as CTO/COO at BUKH, where he was responsible for key parts of the operational business.

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: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

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

7 April 2026

Steyr Motors proposes two experienced industry and capital market experts to the Annual General Meeting for new appointments to the Supervisory Board

Corporate News

Steyr, Austria, 10 March 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, is planning to appoint new members to its Supervisory Board and is proposing Rolf Wirtz and Gerhard Schwartz, two experienced industry and capital market experts, as new members of the Supervisory Board at the Annual General Meeting on 10 April 2026.

After the former major shareholder, Mutares SE & Co. KGaA, sold its entire stake in Steyr Motors AG in November 2025, the previous Supervisory Board members and representatives of Mutares SE & Co. KGaA, Dr. Christian Klingler and Fabian Schlegel, are no longer available for re-election. Their term of office on the Supervisory Board will end at the close of the Annual General Meeting on 10 April 2026.

In the invitation to the Annual General Meeting published today, the Company is therefore proposing two new members for election to the Supervisory Board, both of whom have extensive industry and capital market expertise.

Rolf Wirtz is a top manager with many years of experience in the defense sector, most recently serving as CEO of TKMS until 2022. In addition to his in-depth expertise in the defense industry, which is essential for Steyr Motors, he also has extensive management experience in an international industrial context and, as the designated Chairman of the Supervisory Board, will support the Management Board in the further expansion of the business in the military and civil sectors.

Gerhard Schwartz is well known on the Austrian capital market as a financial expert and can look back on a long career as an auditor/tax advisor, most recently as managing partner at EY. As the designated head of the audit committee, he will support Steyr Motors in the further expansion of key financial and control functions in order to successfully position the organisation for further growth.

In addition, the company proposes the re-election of Alexander Fitzka, Investment Manager of the B&C Group, who has been a member of the Supervisory Board since August 2025.

Julian Cassutti, CEO of Steyr Motors: “I am delighted to continue to have a highly qualified and experienced Supervisory Board at my side with the newly proposed Supervisory Board members, who will provide the company with the best possible support and supervision as it takes its next steps towards growth. I would like to express my sincere thanks to the outgoing Supervisory Board members for their open and trusting cooperation for the benefit of the company.”

The Annual General Meeting of Steyr Motors AG will take place on 10 April 2026 at 10 a.m. in Steyr. The relevant documents are available from today on the Steyr Motors AG website in the Investor Relations section at ir.steyr-motors.com.

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: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

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

10 March 2026