FREQUENTIS: Double-Digit Rise in Order Intake and Revenues in H1 2025

• Continued double-digit growth
• Revenues +14.8% to EUR 236.8 million
• Order intake +35.6% to EUR 309.0 million
• Orders on hand +23.0% to EUR 763.8 million
• EBIT was EUR -4.3 million as a result of the seasonality of projects

“Thanks to the commitment and flexibility of our employees, we were able to increase revenues
substantially and gain many new orders. Revenue growth in North and South America was particularly
pleasing. Here, the increase was EUR 18 million,” says Frequentis’ CEO Norbert Haslacher. “We are
therefore optimistic that we will achieve our targets for 2025 as a whole.”

More orders
The previous year’s order momentum continued in the first half of 2025, with order intake up by more
than a third (EUR 81.1 million) at EUR 309.0 million. For the full year, the Frequentis Group anticipates
that the rise in order intake will be in the low double-digit percentage range (compared with FY 2024).
The Group’s growth is therefore soundly underpinned.

Higher revenues
Revenues rose 14.8% to EUR 236.8 million in the first half of 2025. The increase was 13.8% in the Air
Traffic Management segment (civil and military) and 17.6% in the Public Safety & Transport segment.
Looking at the regional revenue split, Europe accounted for 61% of Frequentis’ revenues, North and
South America for 23%, Asia for 9%, and Australia/Pacific/Africa for 7%.

Higher headcount
Thanks to higher revenues, Frequentis has created more than 200 new jobs around the world, 3/4 of
them in Europe, thereof 1/3 in Austria, and 1/4 outside Europe. The Frequentis team now comprises
more than 2,500 people worldwide.

Higher equity, higher net cash position
Compared with June 2024, equity grew 10.1% to EUR 164.5 million. The equity ratio was 39.1%. The
net cash position increased slightly to EUR 68.3 million.

Earnings
Due to the customer structure – more than 90% of customers are public authorities – and the type of
project business, project progress and acceptances, and therefore revenues and profitability, are higher in the second half of the year than in the first half. Since personnel expenses are spread uniformly over the year, this generally leads to a loss in the first half. Against the background of this seasonality,

EBITDA was EUR 5.2 million and EBIT was EUR -4.3 million.

Outlook
Frequentis considers that it is moving in the right direction to achieve the following targets for 2025
(compared with 2024), depending on how inflation, the implementation of tariffs and protectionist
measures, and the geopolitical tensions develop:
• Increase revenues by at least 10%
• Increase order intake in the low double-digit percentage range
• EBIT margin of around 6.5% to 7.0%.

The current financial publications can be found at: http://www.frequentis.com/publications.