NextVision Reports Record Results Exceeding Board Targets for the Fifth Consecutive Year

Rhea-AI Summary

NextVision (TASE: NXSNF) reported record 2025 results: $168.4M revenue (up 46% YoY), $103.6M net income (62% of revenue, up 56%), and an order backlog of approximately $288M as of March 11, 2026. The Board set a 2026 revenue target of $275M (64% growth). The board approved a dividend of about $51.8M. Management plans to double production capacity to >4,000 cameras/month by end-2026 and continues to pursue strategic acquisitions.

Positive

• Revenue +46% YoY to $168.4M in 2025
• Net income +56% YoY to $103.6M (62% of revenue)
• Order backlog ~ $288M as of publication date
• Board-set 2026 revenue target of $275M (64% YoY growth)
• Dividend approved of approximately $51.8M from 2025 profits

Negative

• Planned production ramp to >4,000 cameras/month may require significant capex and execution
• Rapid growth could increase operational strain on supply chain and manufacturing scalability
• Dividend distribution of $51.8M reduces cash available for reinvestment despite strong cash generation

News Market Reaction – NXSNF

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+16.51% News Effect

On the day this news was published, NXSNF gained 16.51%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

46% Revenue Growth to $168.4 Million in 2025 with Strong Profitability; Order Backlog as of today at $288 Million

Board sets 2026 Revenue Target of $275 million, reflecting growth of 64% YoY

RA'ANANA, Israel, March 11, 2026 /PRNewswire/ -- NextVision Stabilized Systems Ltd. (TASE: NXSN), a leading global provider of stabilized day- and night-vision imaging solutions for aerial and ground platforms such as micro and mini UAVs and drones, today announced its financial results for the full year ended December 31, 2025, reflecting continued strong growth and record performance.

 

 

Financial Highlights for 2025

Revenue for 2025 increased by 46% to $168.4 million, compared to $114.9 million in 2024. Revenue for the fourth quarter of 2025 totaled $47.8 million, representing growth of 56% compared to $30.5 million in the fourth quarter of 2024.

Gross Profit in 2025 increased by 42% to $117.5 million, representing 69.8% of total revenue. Gross profit in the fourth quarter of 2025 totaled $32 million, representing growth of 41.3% compared to $22.6 million in the fourth quarter of 2024.

Operating Income in 2025 totaled $101.5 million, representing 60.3% of revenue, compared to $73 million in 2024 (63.5% of revenue), reflecting growth of 39%. Operating income in the fourth quarter of 2025 totaled approximately $28 million, representing growth of 38.6% compared to $20.2 million in the fourth quarter of 2024.

Net Income in 2025 increased to $103.6 million (62% of revenue), representing growth of 56% compared to $66.4 million in 2024 (57.8% of revenue). Net income in the fourth quarter of 2025 totaled $31.7 million, representing growth of 76.6% compared to $18 million in the fourth quarter of 2024.

Order Backlog: As of the publication date of these financial statements, the Company's order backlog totaled approximately $288 million, including repeat orders from existing customers, new project wins and orders from new customers.

Customer Base: During 2025, the Company had 204 active customers, compared to 195 customers in 2024.

Cash Flow: The Company generated approximately $63.6 million in cash from operating activities during 2025.

Shareholders' Equity: As of December 31, 2025, shareholders' equity totaled approximately $616 million, representing approximately 95% of the Company's balance sheet.

Dividend: The Company's Board of Directors approved a dividend distribution of approximately $51.8 million from 2025 profits, in accordance with the Company's dividend policy of distributing up to 50% of net income.

Management Comment

Chen Golan, Chairman of NextVision, commented:

"This marks the fifth consecutive year in which NextVision has delivered significant growth above the targets set by the Board of Directors, despite a challenging and uncertain global environment. During the year we continued to invest in research and development while significantly expanding our production capacity and manufacturing facilities, in order to address the strong demand we are seeing from customers worldwide.

"NextVision continues to strengthen its position as a leading company in the field thanks to our advanced technology, operational experience, ability to deliver at scale and strong financial position. These capabilities enable us to effectively address supply chain challenges arising from geopolitical tensions and the exceptional demand environment in the market. This year, we already received additional orders totaling tens of millions of dollars, reflecting the broader global trend of increasing defense budgets and procurement activity.

"As part of our preparations for continued strong growth, we plan to expand our production capacity from approximately 2,000 cameras per month as of the end of 2025 to more than 4,000 cameras per month by the end of 2026. At the same time, we continue to invest in the development of new products and adapt them to the evolving needs of our customers.

"Alongside our organic growth strategy, we continue to evaluate strategic acquisition opportunities in Israel and internationally and we have increased the resources allocated to this effort, with the objective of identifying complementary companies and technologies that will support the expansion of our operations and accelerate our long-term growth."

Investors' Conference Call

Today at 1:30pm Israel time, 7:30am Eastern Time, NextVision will hold an investor webinar in Hebrew to review the Financial Statements and provide an update on the Company's ongoing activities, with the participation of the Company's management.

Following that, at 3:30pm Israel time, 9:30am Eastern Time, NextVision will hold an investor webinar in English, with the participation of the Company's management.

Participation in the webinar requires prior registration via the following link:

For the Hebrew Webinar:
https://gk-biz.zoom.us/webinar/register/WN_OIes4GRvQ7io5JQhkrFwgA

For the English Webinar:
https://gk-biz.zoom.us/webinar/register/WN_3ma_MFpoT0u8bPdiDYPz_A

The Company intends to publish a presentation shortly before the webinar, which will be presented during the event. Attendees will be able to submit questions in English or Hebrew, which will be translated and answered in English.

About NextVision Stabilized Systems Ltd.

NextVision is a leading technology company specializing in stabilized imaging systems for aerial and ground platforms, including micro and mini UAVs and drones. The company offers customers a comprehensive imaging solution encompassing a wide range of cameras, complementary accessories, and integrated capabilities for commercial, industrial, and security applications — positioning NextVision as a true "one-stop shop."

NextVision has developed a patented image stabilization engine that enables the production of high-performance stabilized cameras with world-class size-to-weight ratios. This technology ensures stable, high-quality imagery even in demanding flight conditions. The company markets its products worldwide and continues to experience steady growth in its global customer base.

 

 

 

Statements of Financial Position
				As of December 31
				2025		2024
				USD thousands
Current assets
Cash				85,440		74,708
Short term deposits				476,857		47,903
Trade receivables				12,087		6,374
Current taxes receivable				4,746		1,054
Other accounts receivable				5,275		1,840
Inventory				53,588		22,386
				637,993		154,265
Non-current assets
Fixed assets				906		749
Right of use asset				2,770		514
Intangible assets				4,896		3,628
				8,572		4,891
				646,565		159,156
Current liabilities
Trade payables				8,679		5,842
Other accounts payable				18,067		15,024
				26,746		20,866
Non-current liabilities
Lease liabilities				3,390		111
Employee benefit liabilities, net				151		114
Deferred taxes				588		373
				4,129		598
Equity
Share capital and premium				446,328		43,194
Reserve for share-based payment				8,455		4,047
Retained earnings				160,907		90,451
Total equity				615,690		137,692
				646,565		159,156
The accompanying notes constitute an integral part of these Condensed Interim Financial Statements.

 

 

 

Statements of Profit or Loss and Other Comprehensive Income
	For the year ended on December 31
	2025		2024		2023
	USD thousands (excluding profit per share data)
Income from sales	168,354		114,934		51,944
Cost of sales	(50,798)		(32,044)		(16,327)
Gross profit	117,556		82,890		35,617
Research and development expenses	(5,491)		(2,517)		(2,002)
Sales and marketing expenses	(1,874)		(1,639)		(889)
General and administrative expenses	(8,667)		(5,730)		(4,000)
	(16,032)		(9,886)		(6,891)
Profit from ordinary activity	101,524		73,004		28,726
Financing expenses	(313)		(430)		(79)
Financing income	13,453		4,330		3,233
Profit before income tax	114,664		76,904		31,880
Income tax	(11,000)		(10,508)		(4,308)
Net profit	103,664		66,396		27,572
Total other comprehensive profit (loss) (net of tax effects):
Amounts not reclassified later to profit and loss:
Profit (loss) from re-measurement of defined benefit plans	(10)		(16)		(27)
Total other comprehensive income (loss)	(10)		(16)		(27)
Total comprehensive income	103,654		66,380		27,545
Net profit per share (dollar)
Base net profit	1.2349		0.8332		0.3493
Diluted net profit	1.1064		0.8024		0.3411
The accompanying notes constitute an integral part of these Condensed Interim Financial Statements.

 

 

 

Infographic: https://mma.prnewswire.com/media/2931430/NextVision_Infographic.jpg

International Investor Relations:
Ehud Helft
nextvision@ekgir.com 
EK Global Investor Relations
(US) +1 212 378 8040

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SOURCE NextVision

FAQ

What were NextVision (NXSNF) full-year 2025 revenue and net income figures?

NextVision reported $168.4 million in revenue and $103.6 million in net income for 2025. According to the company, revenue grew 46% year-over-year and net income rose 56%, representing 62% of revenue for the year.

What is NextVision's order backlog and how might it affect NXSNF future revenue?

The company's order backlog totaled approximately $288 million as of publication. According to the company, the backlog includes repeat and new customer orders, signaling sustained demand that could support revenue growth in 2026 and beyond.

What 2026 revenue target did NextVision's board set for NXSNF and what growth does it imply?

The board set a 2026 revenue target of $275 million, implying 64% year-over-year growth. According to the company, this target reflects strong demand and planned capacity expansion to meet customer needs.

How much dividend did NextVision approve from 2025 profits and what is the policy?

The board approved a dividend distribution of about $51.8 million from 2025 profits. According to the company, this payout aligns with its policy to distribute up to 50% of net income to shareholders.

What production capacity changes did NextVision announce for NXSNF cameras in 2026?

NextVision plans to expand production from ~2,000 cameras/month at end-2025 to >4,000 cameras/month by end-2026. According to the company, this ramp supports expected demand and follows recent investments in manufacturing capacity.