EQS-News: Steyr Motors increases revenue by 11.2% in Q3 2026 – full-year guidance confirmed

EQS-News: Steyr Motors AG / Key word(s): Quarter Results/9 Month figures
   Steyr Motors increases revenue by 11.2% in Q3 2026 – full-year guidance
   confirmed

   22.10.2026 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Steyr Motors increases revenue by 11.2% in Q3 2026 – full-year guidance
   confirmed

     • Group revenue increases by 11.2% to EUR 12.5 million in Q3 (Q3 2025:
       EUR 11.3 million), slightly exceeding internal expectations
     • Gross profit margin improves to 46.6% (Q3 2025: 43.5%)
     • Adjusted EBIT increases to EUR 1.4 million (Q3 2025: EUR 0.9 million);
       adjusted EBIT margin rises to 11.4% (Q3 2025: 8.1%)
     • KNDS call-offs, with deliveries commencing in September, as well as
       call-offs under the Navy SEALs tender
     • Promising developments in USVs and the M12PU power generator,
       including with Avilus, support the long-term growth outlook
     • Management Board confirms full-year guidance and expects a seasonally
       strong final quarter
     • Red Cat subsidiary SMOT Acquisition GmbH intends to launch a voluntary
       public cash offer of EUR 39.00 per Steyr Motors share; Business
       Combination Agreement (BCA) sets out the framework for the transaction
       and includes binding commitments regarding the Steyr site and employee
       protection

   Steyr, Austria, 22 October 2026 – Steyr Motors AG ([1]ISIN AT0000A3FW25),
   one of the world's leading companies in the field of customized engines
   for mission-critical defense and civil applications, achieved a
   significant improvement in its operating performance in the third quarter
   of 2026. Group revenue increased by 11.2% year-on-year, from EUR 11.3
   million to EUR 12.5 million. Compared with the second quarter of 2026,
   this represents an increase of 13.4%. Business performance was
   therefore slightly above internal expectations.

   Operational stabilization in the third quarter

   Adjusted EBIT amounted to EUR 1.4 million in the third quarter of 2026 (Q3
   2025: EUR 0.9 million), while the adjusted EBIT margin increased from 8.1%
   to 11.4%. The adjustments primarily related to consulting expenses. EBIT
   reached EUR 0.4 million (Q3 2025: EUR 0.6 million), corresponding to an
   EBIT margin of 3.1% (Q3 2025: 5.0%). Gross profit increased from EUR 4.9
   million to EUR 5.8 million compared with the prior-year quarter, while the
   gross profit margin improved from 43.5% to 46.6%. The third-quarter
   performance thus underscores the operating potential of the business model
   as revenue recognition gains momentum.

   Following the seasonally weaker months of July and August, as expected,
   Steyr Motors recorded encouraging business momentum, particularly in
   September.

   Revenue growth in the first nine months – earnings impacted by a weak
   second quarter

   In the first nine months of the 2026 financial year, Steyr Motors
   generated Group revenue of EUR 35.3 million, compared with EUR 34.4
   million in the prior-year period, representing growth of 2.7%. EBIT
   amounted to EUR -0.7 million, compared with EUR 4.0 million in the first
   nine months of 2025. On an adjusted basis, EBIT reached EUR 1.5 million
   (9M 2025: EUR 4.3 million), corresponding to an adjusted EBIT margin of
   4.3% (9M 2025: 12.6%). Key factors influencing this performance were the
   timing shifts in international defense projects already communicated at
   the half-year stage.

   Strong order backlog, KNDS and Navy SEALs tender call-offs

   The foundation for further business development is an order backlog of
   more than EUR 300 million extending through 2030. In the European defense
   business, KNDS also placed call-offs under the existing framework
   agreement during the third quarter. Deliveries commencing in September
   2026 are contributing to the company's growth. The existing framework
   agreement with KNDS for approximately 500 engine-generator units through
   2034 provides a long-term basis for further business development.

   In addition, Steyr Motors has recorded call-offs under the Navy SEALs
   tender covering 500 boats. These developments underscore the strategic
   importance of the international defense market and Steyr Motors'
   positioning as a provider of specialized propulsion solutions.

   Strategic growth projects show promising progress

   In parallel, Steyr Motors continues to consistently advance the
   implementation of its long-term growth strategy. The company is making
   encouraging progress, particularly in the areas of unmanned surface
   vehicles (USVs) and mobile power generation, with a potential framework
   agreement in prospect. The growing importance of autonomous maritime
   platforms is opening up additional sales opportunities for Steyr Motors'
   specialized propulsion solutions.

   The mobile power generation project involving the newly developed M12PU
   power generator is also progressing positively. Among others, Steyr Motors
   is cooperating with German drone specialist Avilus on the power supply for
   its unmanned aircraft system. Under this cooperation, Steyr Motors'
   high-performance power generators are an integral part of the ground-based
   power supply, enabling efficient flight operations designed to ensure high
   operational availability. This allows Steyr Motors to extend its
   positioning beyond its traditional engine business, leverage its
   technological expertise in additional applications and unlock further
   growth potential.

   Full-year guidance confirmed

   For the final quarter of 2026, the Management Board expects a significant
   acceleration in business activity, building on the momentum already
   observed in September. Given the typical seasonality of the business,
   deliveries to KNDS, call-offs under the Navy SEALs tender and planned
   revenue recognition from other ongoing projects, the fourth quarter is
   expected to make the largest contribution toward achieving the company's
   full-year targets.

   Against this backdrop, the Management Board confirms its guidance for the
   2026 financial year. Steyr Motors continues to expect revenue growth of
   15% to 25% year-on-year and an EBIT margin of between 8% and 12%.

   Long-term outlook remains intact

   From the Management Board's perspective, the long-term growth outlook
   remains unchanged. Rising defense expenditure, increasing demand for
   specialized marine propulsion systems, and the growing importance of
   autonomous systems and mobile power generation provide the foundation for
   further expansion. Steyr Motors remains focused on converting existing
   projects into tangible revenue, improving operating profitability and
   consistently capitalizing on strategic growth opportunities in its core
   markets.

   Julian Cassutti, CEO of Steyr Motors AG, comments: “The third quarter
   demonstrates that we are gaining operational momentum. With double-digit
   revenue growth and an improved gross profit margin, we slightly exceeded
   our internal expectations. Following the seasonally weaker months of July
   and August, as expected, September was particularly encouraging. We
   anticipate a further significant acceleration in business activity in the
   fourth quarter, which, given the typical seasonality of our business, will
   make a substantial contribution toward achieving our full-year targets.
   The promising developments in unmanned maritime systems, together with the
   considerable potential of our M12PU mobile power generator – including in
   the fields of drones and counter-drone applications – are opening up
   additional growth opportunities. Combined with our order backlog, we are
   confident that these developments will significantly strengthen the
   foundation for sustainable, profitable expansion.”

   Tender offer and Business Combination Agreement: binding commitments
   regarding the Steyr site and employees

   As announced on 19 October 2026, SMOT Acquisition GmbH, a wholly owned
   subsidiary of Red Cat Holdings, Inc., intends to make a voluntary public
   cash offer to all shareholders of Steyr Motors AG at a price of EUR 39.00
   per share. On 21 October 2026, Steyr Motors, SMOT Acquisition GmbH and Red
   Cat formally agreed on the principles and process of the announced tender
   offer in a Business Combination Agreement (BCA). The Management Board and
   the Supervisory Board welcome the offer and, subject to the review of the
   offer document in accordance with their duties of care and loyalty, will
   recommend its acceptance in a reasoned statement. Further information is
   provided in the announcements dated 19 and 21 October 2026.

   Subject to successful completion of the transaction, Steyr Motors would
   gain a strong strategic partner in Red Cat, providing the scale, access to
   customers and markets, and financial resources required to materially
   support the company's next phase of growth. The focus is particularly on
   the further development of Steyr Motors' specialized power units,
   strengthening the Austrian development and technology site, and
   integrating the Company into Red Cat's growing platform for unmanned
   systems. The BCA also provides for specific safeguards for the Steyr site
   and its employees. These include a commitment to maintain the site for
   three years following completion of the offer, as well as a commitment by
   Red Cat not to initiate operationally driven terminations among technical
   employees for a period of two years.

   Company profile of Steyr Motors AG
   Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the
   development and production of special high-performance engines with high
   power density and durability. The company's engines are mainly used in
   defense special vehicles, boats (both defense and civilian), as well as
   auxiliary power units ("APU") for battle tanks and locomotives.

   For further information, please contact:

   Steyr Motors AG
   Investor Relations
   Phone: +43 676 6222367
   E-mail: [2][email protected]
   [3]www.steyr-motors.com

   Press contact
   CROSS ALLIANCE communication GmbH
   Susan Hoffmeister
   Phone: +49 89 125 09 0333
   E-mail: [4][email protected]
   [5]www.crossalliance.de

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   22.10.2026 CET/CEST This Corporate News was distributed by [6]EQS Group

   View original content: [7]EQS News

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   Language:    English
   Company:     Steyr Motors AG
                Im Stadtgut B1
                4407 Steyr
                Austria
   Phone:       +43 7252 2220
   E-mail:      [email protected]
   Internet:    https://www.steyr-motors.com/de/
   ISIN:        AT0000A3FW25
   WKN:         A40TC4
   Listed:      Regulated Unofficial Market in Frankfurt (Scale); Vienna
                Stock Exchange (Vienna MTF)
   LEI Code:    529900I7M6Z1HG0L8440
   EQS News ID: 2419902


    
   End of News EQS News Service


   2419902  22.10.2026 CET/CEST

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