AT&S and Frequentis report strong 2025 results with significant revenue and profit growth despite currency challenges.

AT&S reported €1.3 billion in revenue for the first nine months of fiscal 2025/26, a 16% rise adjusted for currency, with EBITDA up 28% to €297 million and EBIT turning profitable at €34 million despite currency headwinds. Operating cash flow surged to €332 million, and the company expects full-year revenue of about €1.7 billion, reflecting roughly 20% operational growth. Frequentis posted preliminary 2025 results showing revenue of €580 million, EBIT of €47 million, and order intake of €680 million, with an EBIT margin of 8%, driven by project execution and a settlement; it aims for continued growth in 2026 with a target EBIT margin of around 7%.