Press Release: Q1 2025 Trading update

Revenue increased by 11% to EUR 21 million and EBITDA surpassed EUR 8 million, representing a 39,99% margin.

GEVORKYAN, a.s. a world-renowned innovator in powder metallurgy, announces its Q1 results and updated outlook. All figures (including comparative periods) are in accordance with IFRS.

GEVORKYAN, a.s. reported Q1 2025 revenues of EUR 20.88 million and statutory EBITDA of EUR 8.35 million, resulting in an EBITDA margin of 39.99%. This represents an increase in revenues of 11.20% and an increase in EBITDA of 14.35% compared to the same period of the previous year.

The company further reported an operating EBIT of EUR 4.21 million, an increase of 7.15% compared to the same period last year. The profit after tax (EAT) was reported at EUR 2.98 million, representing a 26.32% increase compared to the same period last year.

Artur Gevorkyan, Chairman of the Board, said, "Our strong performance in an uncertain economic environment underlines our resilience and ability to use global uncertainties to our advantage. We are optimistic about our plans and will combine organic growth with selective and value enhancing acquisitions."

As part of its ongoing acquisitions, GEVORKYAN, a.s. is also exploring various financing options to support these growth plans.

Thanks to the innovations, the company has won 9 new long-term projects in the arms industry for the European and American markets. At the same time, mass production of components for a $30 million project that the company won in the 2024 tender has started.

Full text of the press release here:

2025_05_15__GEVORKYAN_Q1_Press_release_EN.pdf

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