THEON INTERNATIONAL

Fast growth. Industry-leading margins. A backlog that funds the future. All three, at the same time. THEON's H1 2026 Trading Update confirms what the strategy has been building toward: revenue up 35.4% to €248.7 million, Adjusted EBIT margin of 26.2%, and a soft backlog of €1.46 billion providing clear visibility into the second half and well beyond. The Group enters H2 with momentum, a robust pipeline, and FY 2026 guidance of €570-600 million reiterated with confidence. Behind the numbers is a strategy that is already translating into commercial results. The Safran joint venture for UAV electro-optical systems, the acquisition of HGH Infrared Systems marking THEON's entry into counter-drone technology, the Merio acquisition expanding into gyro-stabilized gimbal systems, the Twin Prime investment in AI-enabled defense, and new orders across soldier modernization programs and platform-based applications: each initiative has extended the portfolio, deepened customer relationships, and opened new markets. Christian Hadjiminas, Founder and CEO of THEON: "THEON has significantly accelerated its expansion into some of the fastest-growing areas of defense technology, with recent initiatives already translating into commercial opportunities and new orders. With growing geographical diversification and an innovation pipeline stronger than ever, we remain highly confident in our ambition to reach €1 billion of revenue by 2029." The full Trading Update is linked here: https://buff.ly/URkqNdf #THEON #TradingUpdate #H12026 #DefenseTechnology #Optronics #ISR #AI #EuropeanDefence #THEONNEXT

At the MIL DRONE CHALLENGE 2026, an inaugural international UAS competition organized under the Military Erasmus framework and the European Security and Defence College, seven teams from military academies across Greece, France, Poland, Portugal and Romania competed to design, develop and test unmanned aerial solutions over four days, evaluated by an international jury. AEOLOS, the team from the Hellenic Air Force Academy supported by THEON GROUP in collaboration with EFA Group, finished first! The team competed with an EFA Group drone system, delivered by UCANDRONE, equipped with THEON GROUP optics and sensing technology, a tangible expression of the Group's expanding presence in the unmanned systems domain. Congratulations to the team and to the Hellenic Air Force Academy for launching an event that will only grow from here. #THEON #MilDroneChallenge2026 #AEOLOS #UAS #Drones #HAAFAcademy #EuropeanDefence #MilitaryErasmus

THEON is not broadening its portfolio. It is building an ecosystem. Reporter Magazine takes an in-depth look at where THEON is heading, and the direction is clear: THEON NEXT, the digital soldier, AI-enabled electro-optics, and a strategic entry into platforms and drone applications that is reshaping the Group's competitive position. At the heart of it is a deliberate logic. Through a network of partnerships and investments from the US to Northern Europe, THEON is combining its own deep sensor and optics expertise with specialised third-party capabilities to accelerate the next generation of soldier systems. As Georgios Papageorgiou, MSc, MBA , CEO of THEON Sensors, puts it, the program is "the vehicle through which THEON is developing the digital soldier ecosystem." The Merio acquisition adds stabilized electro-optical platforms for unmanned systems to the Group. Dr. Dimitrios Mandridis , CTO, describes the combination as one that will deliver "more integrated solutions, with greater vertical integration and significant economies of scale" across the drone domain. AI is the next layer. The Twin Prime joint venture, based in Greece with THEON holding 60%, is focused on systems that can "actively support command and control, leveraging AI and advanced data processing technologies," as Nikolaos Vassiliadis , R&D Director, frames it: sensors that understand their environment, filter what matters, and deliver only the critical information to the tactical network. THEON already delivers augmented reality systems in Germany's Future Soldier program. The digital soldier is not a roadmap item. ARMED Next is its next chapter. Read the full feature in Reporter Magazine: https://buff.ly/Ty4DaSu #THEON #THEONNEXT #DigitalSoldier #ARMED #Optronics #AI #UAV #EuropeanDefence #Merio #TwinPrime

Family is not separate from work. It is part of what makes work meaningful. THEON GROUP hosted its Family Day, the kick-off event of the "Μαζί We Parent" 2026 program, a year-long series of initiatives designed to support employees and their families. Games, face painting, archery, and an educational seminar by Project Parenting made for a day that had something for every age. A focus on recycling and environmental awareness ran through the activities, bringing sustainability to life in a way that resonated with families young and old. Thank you to our HR team for organising, to the G.A.M.E. Project for hosting, and to everyone who joined. #THEON #FamilyDay #MaziWeParent #OurPeople #WorkplaceWellbeing

The most valuable asset on any balance sheet cannot be measured by conventional accounting. Christian Hadjiminas, Founder and CEO of THEON GROUP, delivered a keynote message at Fortune Greece's Most Admired Companies 2026, and the argument he made was one that runs through everything THEON builds: the intangible value of a company is its people, their talent, their commitment, and the ability of leadership to inspire them. Inspiration, as he framed it, is anything but abstract. It requires a clear and authentic vision that leadership genuinely believes in, a concrete plan, and an almost boundless ambition for progress. When those elements align, the spirit transmits. Greeks, he noted, bring imagination, optimism and ambition to everything they do. When combined with strategy and consistency, those qualities become the engine of international reach. Credibility in international markets is built the same way: by telling the truth, without exaggeration, without games. The credibility factor matters not only with partners and clients, but with competitors too. A company that commands respect from those it competes against has earned a genuinely strong position in its ecosystem. And on Greek success abroad, whether a company, an artist, a chef or a restaurant: every distinction, regardless of scale or sector, is a small victory for the country as a whole. "This is the Greece we want." View the full feature in Fortune Greece's YouTube: https://buff.ly/dghoSQl #THEON #FortuneGreece #MostAdmiredCompanies #Leadership #PeopleFirst #EuropeanDefence #GreekBusiness

Twenty colleagues. One stage. One summer night in central Athens. Our band took the stage for its fifth concert, bringing together employees from across the Group for an evening of music that had the audience singing, dancing and completely absorbed from start to finish. Vocals, guitars, piano, bouzouki, saxophone, trumpet, bass. The lineup was as diverse as the people behind it, all united by months of rehearsals, genuine dedication, and a shared love of music that has nothing to do with job titles. Five concerts in, this has become something the Group looks forward to every year. And for good reason. Thank you to everyone who performed, supported and showed up. On to the next one! #THEON #OurPeople #OurMission #OurBand #TeamSpirit #Music

Every strong team needs moments away from the work itself. Last Friday, the HENSOLDT THEON NightVision GmbH team came together in Wetzlar for this year's Summer Festival. The day began with a Stollenbesichtigung, a tour of the region's bunker history, offering a genuinely unique shared experience before the team gathered for a relaxed dinner, with time to connect, exchange ideas, and enjoy the evening together. The people behind the precision matter as much as the technology they build. #THEONInternational #HENSOLDTTheon #TeamWetzlar #SummerFestival #TeamBuilding #PeopleFirst

The best M&A outcomes are built on legal strategy that is embedded in the transaction from day one. Antonis Gkiokas, Group General Counsel of THEON International, joined the panel "Deal or No Deal? Navigating Legal Risk in M&A" organised by NOMIKI BIBLIOTHIKI, alongside Katerina Mangana, Debashis Dey, Sophia Marcoulakis, Vassilis Goulielmos, and Maria Eleni Kougiatsou. The argument Antonis brought to the discussion reflects how the legal function operates at THEON: as a business enabler. A General Counsel embedded in the transaction from the outset, working alongside finance, business development, and strategy, coordinating external advisors and counsel across jurisdictions, and helping management distinguish manageable risks from the issues that truly matter. In a year where THEON has moved decisively on multiple fronts, that mindset is what allows complex transactions to progress with discipline, speed, and confidence. The role is clear: help the organisation move at the pace of the business. Enable transactions that are executable, compliant, and sustainable. #THEON #MergersAndAcquisitions #GeneralCounsel #LegalStrategy #NomikiBibliothiki #CorporateLaw

When the Indian Business Delegation accompanying Hon'ble Piyush Goyal, Minister of Commerce and Industry of the Government of India, visited Greece, advanced defense technologies were part of the conversation. THEON hosted the delegation as part of their 28 to 30 June visit, within a program that included the India-Greece Business Forum jointly organized by the Athens Chamber Of Commerce and the Confederation of Indian Industry. Two countries. A growing strategic partnership. The right people in the room. India in Greece Ministry of Commerce and Industry, Government of India #THEON #India #Greece #IndiaGreece #DefenceTechnology #CII #BusinessDiplomacy

Europe's defense sovereignty requires a truly European mindset, leveraging joint procurement and cross-border industrial partnerships to spark innovation and drive scale. This article from The Sentinel with Dionisis Kolokotsas, our Chief Global Affairs Officer, breaks down how at THEON International we navigate a fragmented European landscape by investing in establishing a local presence while expanding into drone tech and digital platforms. "We drive business integration and business partnerships at European level.” The Safran joint venture, the agreements for the acquisition of HGH Infrared Systems and of Merio, the stake in Exosens, each one a deliberate expression of THEON's approach. Partner, invest locally and build presence for the long run. The ambition ahead is equally energizing. Gimbals and augmented reality are THEON's two strategic frontiers: expanding from infantry-portable systems toward integrated imaging for vehicles and drones, and toward a broader digital picture that puts the soldier in full situational awareness, seamlessly connected with everything around them. Read the full interview in The Sentinel: https://buff.ly/SMufBHr #DefenseIndustry #EuropeanDefense #Innovation #GlobalAffairs #THEONInternational #TheSentinel #OCCAR #Optronics #Safran #Merio #Exosens #DigitalSoldier #EuropeanSecurity