Czech defense company's profit hits record high in 2025

Czech defense company STV Group posted record profits in 2025 on the back of exports to Ukraine.

Postxronika.az reports, citing TASS, that the "Aktualne" portal released the information based on the company's annual report.

The company's net profit rose by roughly 40 percent to 7.5 billion koruna (about $350 million).

Revenue for the reporting period more than doubled year-on-year, climbing from 11.6 billion koruna to 24.4 billion koruna.

The company, which produces large-caliber artillery shells, primarily supplies the Czech army and is expanding its production capacity.

Nuray Qafarzadə