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MilDef posts record 2025 results and ramps capacity on surging NATO demand

Story Highlights
  • MilDef delivered record 2025 growth and profitability, with sharply higher orders, sales and margins.
  • Major NATO-related contracts and capacity expansions strengthen MilDef’s position despite supply risks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MilDef posts record 2025 results and ramps capacity on surging NATO demand

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MilDef Group AB ( (SE:MILDEF) ) has issued an announcement.

MilDef closed 2025 with its strongest quarter to date, delivering sharp growth in orders, sales and earnings while continuing to invest heavily in expanded capacity to meet surging defense IT demand. Fourth-quarter order intake rose 30% and net sales jumped 87%, lifting adjusted operating margins and generating positive free cash flow, while full-year orders and order backlog increased by 76% and 75% respectively, driven largely by acquisitions including Germany’s roda computer. Major new contracts with L3Harris, a European NATO army digitalization program, and a SEK 320 million order won by roda in Germany underscore MilDef’s strengthening position in NATO markets, even as supply chain volatility in components such as DRAM and NAND weighs on gross margins. The company is ramping production capacity with a new Stockholm-area facility and planned 50% capacity expansion in Helsingborg, and the board has proposed raising the dividend, signaling confidence in continued robust demand despite ongoing geopolitical and supply chain uncertainties.

The most recent analyst rating on (SE:MILDEF) stock is a Hold with a SEK122.00 price target. To see the full list of analyst forecasts on MilDef Group AB stock, see the SE:MILDEF Stock Forecast page.

More about MilDef Group AB

MilDef Group AB is a global systems integrator and full-spectrum provider of rugged IT solutions for defense and security, supplying hardened hardware, software and services that protect critical information systems in high-stakes environments. Founded in 1997 and listed on Nasdaq Stockholm since 2021, the company serves more than 200 customers across Sweden, Norway, Finland, Denmark, the UK, Germany, Switzerland, the US and Australia, with a growing focus on European and NATO defense modernization programs.

Average Trading Volume: 362,186

Technical Sentiment Signal: Hold

Current Market Cap: SEK5.77B

For an in-depth examination of MILDEF stock, go to TipRanks’ Overview page.

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