GomSpace Group AB, a leading player in the aerospace and defense sector, has reported a significant increase in revenue and profitability for the first quarter of 2025, marking a strong start to the year. The company, listed on the Swedish Stock Exchange, has seen its revenue surge by 76.9% to SEK 88.8 million, compared to SEK 50.2 million in the same period last year. This substantial growth is a testament to the effectiveness of the company’s strategic initiatives and its commitment to operational excellence.

The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter stood at SEK 11.3 million, a marked improvement from the negative SEK 16.6 million reported in the previous year. This positive trend reflects a healthier financial standing and operational efficiency, with the EBITDA margin increasing to 12.7%. Additionally, the company reported a net profit of SEK 1.3 million, compared to a loss of SEK 25.1 million in the same quarter last year, indicating a significant turnaround in financial performance.

GomSpace’s CEO, Carsten Drachmann, highlighted the company’s strong start to the year, emphasizing the positive results as a clear sign that the company’s strategy is paying off. Drachmann noted that after securing financial stability through strict cash management in 2023 and 2024, the focus is now entirely on operational performance. The company’s efforts to improve its EBITDA are yielding positive results, setting the stage for sustainable profitability in the near future.

The company’s order intake also saw a modest increase, reaching SEK 57.4 million, a 0.5% rise from the previous year. This steady growth in orders underscores the company’s ability to secure business and maintain a robust pipeline of projects. The company’s Products Business Unit exceeded expectations with a record order intake, while the Programs Business Unit executed effectively, supported by improved project margins.

GomSpace Group AB continues to expand its presence in the global market, offering a wide range of satellite products and solutions, including solar panels, batteries, docks, lab equipment, and software systems, alongside services such as global tracking, Internet of Things, communications, remote sensing, and launch services. The company’s diverse product portfolio and service offerings position it well to capitalize on the growing demand for satellite technology and solutions.

The company’s positive financial performance in the first quarter of 2025 is a promising indicator of its future prospects. With a market capitalization of SEK 1.04 billion, GomSpace Group AB is well-positioned to continue its growth trajectory and solidify its position as a leader in the aerospace and defense industry. The company’s upcoming half-year report, scheduled for August 27, 2025, will provide further insights into its financial health and strategic direction.