Novian Reports Stable Revenue Growth Amid Strategic Changes
Novian's Financial Performance in Early 2025
The renowned software and IT infrastructure services group, Novian, achieved consolidated revenue of EUR 12.5 million in the first half of 2025. Though this figure marks a decrease from EUR 15.9 million in the same timeframe of the previous year, the company's profitability has managed to remain stable. Notably, the normalized EBITDA stood at EUR 1.05 million, while the gross profit was reported at EUR 3.89 million. It’s important to note that the group faced a negative impact on EBITDA of EUR 1.659 million due to a one-time atypical factor that does not disrupt its usual operations.
Commitment to Long-Term Strategies
Analyzing the key operating indicators, Novian continues to uphold its financial sustainability and steadfastly adheres to its long-term strategy of investing in high value-added solutions, enhancing efficiency, and expanding its international presence. CEO Tomas Vitkus mentioned that earlier in the year, the group made a calculated decision to discontinue low value-added or less efficient projects. This adjustment was strategically planned, impacting the revenue figures as they strive for growth in more profitable areas. “The first-half results might seem modest, but they lay a strong foundation for future growth,” stated Vitkus. He expressed confidence in a positive outlook for the second half, anticipating an increase in both revenue and profit, with plans to surpass last year's outcomes.
Geographic Revenue Distribution
In the first half of the year, Novian extended its operations to over 30 countries globally. The majority of their revenue, about 69%, originated from Lithuania, followed by 20% from other European nations, and the remaining 11% from regions outside of Europe. This distribution showcases a notable growth in the export of services and Novian's expanding geographical reach.
Strategically Significant Projects
Among the standout projects undertaken by Novian’s software companies were the development of a flight controller worktime planning information system for the Brazilian Air Force, alongside a recently awarded contract from the European Space Agency (ESA) for constructing an AI-based optical systems design platform. In Lithuania, they successfully implemented a project for the State Tax Inspectorate, creating a new VAT registration system aimed at helping citizens avoid errors and streamline application submissions.
Technological Innovations in Cybersecurity and Education
“These initiatives affirm our technological capabilities and focus on innovative areas like artificial intelligence. We are committed to expanding our client base within the defense and space sectors, positioning us for sustainable growth both domestically and internationally,” remarked Vitkus. During the reported period, Novian Technologies highlighted key flagship projects reflecting the company's technological specialization, which greatly contributed to the group’s overall performance. Notably, they created a high-security backup domain storage system for the Vilnius City Municipality based on Sheltered Harbor principles. This method, pioneered in the U.S. banking sector, is designed to protect critical data from cyber threats and facilitate recovery in crises.
Additionally, Novian launched comprehensive database maintenance and security services for the Bank of Lithuania, providing GPU-based virtualization licenses for the AI platform of the State Cloud. This initiative allows public sector entities to utilize high-performance computing environments tailored for scientific and analytical tasks.
Investment in Education Technology
In the education sector, Novian continues its national computer supply initiative, preparing to equip over 530 schools with 16,169 laptops. At the Kaunas University of Technology, they successfully implemented the Cyber Competence Center infrastructure project, which aims to develop a cutting-edge AI and cybersecurity framework in Lithuania. Built on the NVIDIA AI Enterprise platform, this advanced infrastructure encompasses high-performance computing resources and networking equipment, all managed through an automated system that supports the development, training, and testing of advanced AI models.
Future Outlook
Looking forward to the upcoming months, Novian has plans to further advance its technological solutions and strengthen its presence in international markets. The focus will remain on projects that deliver long-term value to both business and the public sector, with priorities centered on AI applications, enhancing operational efficiency, and forging strategic partnerships.
Novian is comprised of several subsidiaries that include Novian Technologies, Novian Systems, and Novian Pro located in Lithuania, alongside Novian Eesti of Estonia, Andmevara in Moldova, Zissor in Norway, and Novian Rwanda in Rwanda. This group is owned by INVL Technology, a prominent entity dedicated to investing in the IT sector.
The authorized contact for further inquiries regarding Novian is:
Kazimieras Tonk?nas
Managing Partner, INVL Technology
Email: k.tonkunas@invltechnology.lt
Frequently Asked Questions
What was Novian's revenue for the first half of 2025?
Novian generated a revenue of EUR 12.5 million.
How does this revenue compare to last year?
This represents a decline from EUR 15.9 million earned during the same period last year.
What are Novian's future plans?
Novian plans to develop advanced technological solutions and strengthen its international market presence.
Which sectors is Novian focusing on?
The company is emphasizing growth in the defense and space sectors, particularly in AI and security.
Who can be contacted for more information about Novian?
Kazimieras Tonk?nas is the authorized person for further inquiries.
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