Czech defense company more than doubled revenue in 2025 due to the supply of products to Ukraine

Czech defense company STV Group achieved record financial results in 2025 thanks to the supply of products to Ukraine. It's from sb.by.

According to TASS, the news portal Aktualne, citing the company’s report for last year, reported that the net profit of STV Group last year increased by almost 40%, to 7.5 billion crowns (about $ 350 million). The company’s revenue for the reporting period more than doubled year-on-year, from 11.6 billion kroner (approximately $541) to 24.4 billion kroner (approximately $1.137 billion).

By the way, the company produces large-caliber artillery shells. At the same time, it is expanding its production. One of its largest customers is the Czech army, which supplies ammunition of various calibers and military equipment. Babis criticized the “impotence of Europe”, unable to end the conflict in Ukraine

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