Danish defense company Terma has reported a significant increase in revenue, reaching almost 2.9 billion kroner for the 2024/25 financial year. This marks a notable rise from the previous year’s revenue of just over 2.6 billion kroner.

The company’s annual report reveals a profit of 222 million kroner, representing an increase of 67 million kroner compared to the previous financial year.

Furthermore, Terma’s order book has expanded considerably, growing from 3.4 billion kroner to nearly 4.5 billion kroner in a single year. This indicates a strong demand for the company’s defense solutions and services.