GEVORKYAN, a.s., a powder metallurgy innovator, has released its Q1 2025 trading update, showcasing significant financial growth. Revenues increased by 11.20% to EUR 20.88 million, and EBITDA rose by 14.35% to EUR 8.35 million, resulting in a 39.99% EBITDA margin. The company also reported an operating EBIT of EUR 4.21 million, a 7.15% increase year-over-year, and a profit after tax (EAT) of EUR 2.98 million, marking a 26.32% increase compared to the same period last year. These figures are in accordance with IFRS.

Artur Gevorkyan, Chairman of the Board, attributes this strong performance to the company's resilience and ability to leverage global uncertainties. GEVORKYAN, a.s. is pursuing organic growth combined with strategic acquisitions, exploring various financing options to support these plans. The company has secured nine new long-term projects in the arms industry for European and American markets, driven by its innovations. Mass production has commenced for a $30 million project won in 2024.

Following a successful international trade fair, an agreement was signed to develop sporting arms components for the USA. The initial phase of a project for a European optoelectronic device manufacturer, specializing in night vision, thermal imaging, and laser technology, has been completed, with further development and mass production planned for armaments and aerospace applications. Since 2025, GEVORKYAN, a.s. has been involved in development projects for personal safety equipment for marine and aviation sectors. In the automotive sector, new projects have been secured for robotic autonomous taxis in the US and Europe. Orders from European plants, fully owned by an Asian brand, represent another key development, with series production set to begin in May 2025 after rapid development based on customer specifications.

GEVORKYAN, a.s. continues to promote powder metallurgy in novel industries, conducting workshops with customer development engineers focusing on applications for superfast trains and airport security features. After technical and commercial negotiations, the company secured a project for the petrol station and oil industry in the USA. As part of ongoing investments, warehouse and production areas have been expanded by approximately 1000 m2. A project to robotize two calibration presses was completed in Q1 2025, resulting in a reduction of eight production workers.

The company has updated its financial plan and outlook following the transition to IFRS reporting. Revenue is projected to increase from EUR 75.69 million in 2024A to EUR 121.80 million in 2029E. Similarly, EBITDA is expected to rise from EUR 26.37 million in 2024A to EUR 38.88 million in 2029E. The EBITDA margin is projected to remain stable at around 31-32% over the same period. EBIT is forecasted to increase from EUR 10.85 million in 2024A to EUR 21.81 million in 2029E, while PBT is expected to grow from EUR 6.04 million to EUR 17.23 million.