TAT Technologies Reports Fourth Quarter 2025 Results

Rhea-AI Summary

TAT Technologies (NASDAQ: TATT) reported strong fourth-quarter and full-year 2025 results, with 2025 revenue of $178.0M (up 17.0% YoY) and Q4 revenue $46.5M (up 13.4% YoY).

Profitability expanded: full-year gross profit $44.1M (+33.6%), operating income $18.8M (+50.5%), net income $16.8M (+50.6%), and adjusted EBITDA $25.5M (+36.7%). Backlog and long-term agreements totaled ~$550M, up from $429M, supporting revenue visibility into 2026.

Positive

• Revenue +17.0% to $178.0M for 2025
• Gross profit +33.6% to $44.1M for 2025
• Operating income +50.5% to $18.8M for 2025
• Net income +50.6% to $16.8M for 2025
• Adjusted EBITDA +36.7% to $25.5M for 2025
• Backlog ~$550M, up from $429M entering 2025

Negative

• None.

News Market Reaction – TATT

-16.32% 2.7x vol

24 alerts

-16.32% News Effect

-16.4% Trough in 23 hr 44 min

-$143M Valuation Impact

$732M Market Cap

2.7x Rel. Volume

On the day this news was published, TATT declined 16.32%, reflecting a significant negative market reaction. Argus tracked a trough of -16.4% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $143M from the company's valuation, bringing the market cap to $732M at that time. Trading volume was elevated at 2.7x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 Revenue: $46.5M FY 2025 Revenue: $178.0M FY 2025 Gross Profit: $44.1M (24.8% margin) +5 more

8 metrics

Q4 2025 Revenue $46.5M Up 13.4% vs $41.0M in Q4 2024

FY 2025 Revenue $178.0M Up 17.0% vs $152.1M in 2024; record level

FY 2025 Gross Profit $44.1M (24.8% margin) Up 33.6% vs $33.0M (21.7%) in 2024

FY 2025 Operating Income $18.8M (10.6% margin) Up 50.5% vs $12.5M (8.2%) in 2024

FY 2025 Net Income $16.8M Up 50.6% vs $11.2M in 2024

FY 2025 Adjusted EBITDA $25.5M (14.3% margin) Up 36.7% vs $18.6M (12.2%) in 2024

FY 2025 Operating Cash Flow $15.0M Improved from $(5.8)M used in 2024

Backlog & LTAs ≈$550M Up from $429M entering 2025; supports 2026 visibility

Market Reality Check

Price: $43.01 Vol: Volume 315,273 is 2.51x t...

high vol

$43.01 Last Close

Volume Volume 315,273 is 2.51x the 20-day average of 125,436, showing elevated interest into earnings. high

Technical Shares at $56.55 are trading above the 200-day MA of $40.82 and sit 12.33% below the 52-week high.

Peers on Argus

TATT gained 5.92% on heavy volume, while key aerospace & defense peers were mixe...

TATT gained 5.92% on heavy volume, while key aerospace & defense peers were mixed: BYRN and RGR up modestly, EVTL, SWBI, and PKE down. This points to a stock-specific reaction to earnings.

Previous Earnings Reports

4 past events · Latest: Nov 12 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Nov 12	Q3 2025 earnings	Positive	-0.7%	Q3 2025 revenue and margins rose strongly with higher adjusted EBITDA.
Aug 11	Q2 2025 earnings	Positive	-12.4%	Q2 2025 showed broad growth, capital raise and larger backlog and LTAs.
May 19	Q1 2025 earnings	Positive	-5.4%	Q1 2025 results delivered strong revenue, profit growth and higher margins.
May 22	Q1 2024 earnings	Positive	+1.1%	Q1 2024 featured sharp revenue, gross profit and EBITDA growth vs. 2023.

Pattern Detected

Earnings updates have generally been strong fundamentally but followed by weak or negative next-day price moves, showing a pattern of divergence between results and immediate reaction.

Recent Company History

Over the past year, TAT Technologies has repeatedly reported robust earnings: Q1–Q3 2025 showed double‑digit revenue growth, margin expansion, and rising adjusted EBITDA, alongside growing backlog and improved cash flow. Despite this, shares often moved lower the day after earnings, as seen on May 19, 2025, Aug 11, 2025, and Nov 12, 2025. Today’s Q4 and full‑year 2025 report continues the trend of record revenues, higher profitability, and stronger cash generation.

Historical Comparison

-4.4% avg move · In the past four earnings releases, TATT’s average next-day move was -4.36%. Today’s +5.92% reaction...

earnings

-4.4%

Average Historical Move earnings

In the past four earnings releases, TATT’s average next-day move was -4.36%. Today’s +5.92% reaction to Q4 and FY 2025 results marks a bullish outlier versus that pattern.

Across Q1–Q3 2025, TATT posted consistent double‑digit revenue growth, margin expansion, higher adjusted EBITDA, and growing backlog, culminating in today’s record full‑year 2025 revenue and profitability.

Market Pulse Summary

The stock dropped -16.3% in the session following this news. A negative reaction despite positive ne...

Analysis

The stock dropped -16.3% in the session following this news. A negative reaction despite positive news would have fit TATT’s recent pattern, where strong earnings in 2025 often preceded weak next‑day performance. Even with FY 2025 revenue of $178M, net income of $16.8M, and a $550M backlog, prior earnings releases saw average moves around -4.36%. In such a scenario, investors would need to consider whether expectations, valuation, or macro factors outweighed the operational progress.

Key Terms

adjusted ebitda, non-gaap financial measures, gaap, share-based compensation, +4 more

8 terms

adjusted ebitda financial

"Adjusted EBITDA: increased by 24.0% to $6.9 million (14.8% of revenues)..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-gaap financial measures financial

"Non-GAAP Financial MeasuresTo supplement the consolidated financial statements..."

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

gaap financial

"financial statements presented in accordance with GAAP, the Company also presents..."

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

share-based compensation financial

"excluding the impact of: the Company's share in results of affiliated companies, share-based compensation, taxes..."

Share-based compensation is when a company pays employees, executives or directors with its own stock or rights to buy stock instead of, or in addition to, cash. Think of it like receiving store gift cards instead of extra paycheck — it can motivate staff to boost the company’s value, but it also increases the number of shares outstanding and can shrink each existing owner’s slice of profits and voting power. Investors watch it because it affects reported earnings, share count and the alignment between management and shareholders.

depreciation and amortization financial

"financial (expenses) income, net, and depreciation and amortization. Adjusted EBITDA, however..."

Depreciation and amortization are accounting methods that spread the cost of long-term assets over the years they help generate revenue: depreciation applies to physical items like equipment, while amortization applies to intangible items like patents or software. Investors watch these charges because they reduce reported profit without using cash right away, so comparing them to cash flow helps reveal whether earnings come from real business performance or just accounting allocation — like spreading the price of a car or a license over many years.

m&a financial

"pursuing M&A opportunities that strengthen our position in thermal management..."

M&A, short for mergers and acquisitions, involves one company combining with or purchasing another company to grow, streamline operations, or gain competitive advantages. For investors, M&A activity can signal potential for increased value, new opportunities, or changes in market dynamics, making it an important factor to watch in the business landscape.

backlog financial

"We ended the year with a backlog and long-term agreements value of approximately $550 million..."

A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.

long-term agreements financial

"backlog and long-term agreements value of approximately $550 million, up from $429 million..."

Long-term agreements are multi-year commitments between businesses or between a business and a customer or supplier that set binding terms for pricing, delivery, services or other ongoing obligations. Like a long-term lease or multi-year subscription, they give predictable revenue or costs and reduce short-term uncertainty, which helps investors assess future earnings and risk, while also creating ongoing obligations that can limit a company’s flexibility.

AI-generated analysis. Not financial advice.

CHARLOTTE, N.C., March 18, 2026 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, reported today its results for the three-month and twelve-month period ended December 31, 2025.

Financial Highlights for The Fourth Quarter and 12 Months of 2025:

• Revenues: increased by 13.4% to $46.5 million compared to $41.0 million for the fourth quarter of 2024. For the twelve months of 2025, revenues increased by 17.0% to $178.0 million compared to $152.1 million for the same period in 2024.
• Gross Profit: increased by 23.6% to $11.7 million (25.2% of revenues) compared to $9.5 million (23.1% of revenues) for the fourth quarter of 2024. For the twelve months of 2025, gross profit increased by 33.6% to $44.1 million (24.8% of revenues) compared to $33.0 million (21.7% of revenues) for the same period in 2024.
• Operating Income: increased by 20.2% to $4.9 million (10.6% of revenues) compared to $4.1 million (10.0% of revenues) for the fourth quarter of 2024. For the twelve months of 2025, operating income increased by 50.5% to $18.8 million (10.6% of revenues) compared to $12.5 million (8.2% of revenues) for the same period in 2024.
• Net Income: increased by 32.2% to $4.7 million compared to $3.6 million for the fourth quarter of 2024. For the twelve months of 2025, net income increased by 50.6% to $16.8 million compared to $11.2 million for the same period in 2024.
• Adjusted EBITDA: increased by 24.0% to $6.9 million (14.8% of revenues) compared to $5.5 million (13.5% of revenues) for the fourth quarter of 2024. Adjusted EBITDA for the twelve months of 2025 increased by 36.7% to $25.5 million (14.3% of revenues) compared to $18.6 million (12.2% of revenues) for the same period in 2024.
• Cash flow provided from operating activities for the three and twelve months ended December 31, 2025, was $5.6 million and $15.0 million, respectively, compared to cash flows used in operating activities of ($1.0) million and $(5.8) million for the three and twelve months ended December 31, 2024, respectively.

Mr. Igal Zamir, TAT's CEO and President, commented: "We are very pleased with the results for the full year of 2025 and the fourth quarter of 2025. TAT delivered record results marking 2025 as our third consecutive year of growth and improvement across all key financial metrics.

For the full year of 2025 we achieved record revenue of $178 million and margin expansion in all profitability parameters including a record high EBITDA margin. We demonstrated capabilities to grow organically at a rapid pace within our industry while improving margins quarter after quarter.

Fourth-quarter revenue followed a seasonal trajectory, resulting in a stabilization of pace compared to earlier periods. Nevertheless, we achieved organic growth of over 13%, a rate that outperforms broader industry organic growth."

Mr. Zamir added: "We ended the year with a backlog and long-term agreements value of approximately $550 million, up from $429 million entering 2025, providing strong revenue visibility and supporting our objective for continued growth through 2026. With sustained demand across the aviation MRO market, we remain focused on executing our strategy, expanding our capabilities, and pursuing M&A opportunities that strengthen our position in thermal management and power systems".

Investor Call Information

TAT Technologies will host an earnings webcast to review the quarterly and annual results on Thursday, March 19, 2026, at 8 a.m. ET. Interested investors can register for the webcast at the link below or visit the investor relations section of the Company's website at https://tat-technologies.com/investors/.  

Conference call

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents Adjusted EBITDA.  The adjustments to the Company's GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company's underlying operational results, trends and performance. Adjusted EBITDA is calculated as net income excluding the impact of: the Company's share in results of affiliated companies, share-based compensation, taxes on income, financial (expenses) income, net, and depreciation and amortization. Adjusted EBITDA, however, should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.

About TAT Technologies LTD

We are a leading provider of solutions and services to the aerospace and defense industries. We operate four operational units: (i) original equipment manufacturing ("OEM") of heat transfer solutions and aviation accessories through our Kiryat Gat facility (TAT Israel); (ii) maintenance repair and overhaul ("MRO") services for heat transfer components and OEM of heat transfer solutions through our subsidiary Limco Airepair Inc. ("Limco"); (iii) MRO services for aviation components through our subsidiary, Piedmont Aviation Component Services LLC ("Piedmont") (mainly Auxiliary Power Units ("APUs") and landing gear); and (iv) overhaul and coating of jet engine components through our subsidiary, Turbochrome Ltd. ("Turbochrome").

TAT's activities in the area of OEM of heat transfer solutions and aviation accessories through TAT Israel primarily include the design, development and manufacture of (i) a broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft and ground applications; and (iii) a variety of mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

TAT's activities in the area of MRO and OEM of heat transfer solutions include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT's Limco subsidiary operates a Federal Aviation Administration ("FAA")-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT's activities in the area of MRO services for aviation components include the MRO of APUs and landing gear. TAT's Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT's activities in the area of jet engine overhaul through its Turbochrome facility includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

Contact:
Mr. Eran Yunger
Director of IR
erany@tat-technologies.com

Safe Harbor for Forward-Looking Statements 

This press release and/or this report contains "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements include, without limitation, statements regarding possible or assumed future operation results. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, LTAs and backlog, the price and continuity of supply of component parts used in our operations, and other risks detailed from time to time in the Company's filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED BALANCE SHEETS
U.S dollars in thousands
			December 31,
			2025		2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents			$51,259		$7,129
Accounts receivable, net of allowance for credit losses of $172    and $400 thousands as of December 31, 2025 and 2024, respectively			33,420		29,697
Inventory			75,549		68,540
Prepaid expenses and other current assets			6,071		7,848
Total current assets			166,299		113,214
NON-CURRENT ASSETS:
Property, plant and equipment, net			46,922		41,576
Operating lease right of use assets			5,807		2,282
Intangible assets, net			1,452		1,553
Investment in affiliates			4,905		2,901
Restricted deposit			307		305
Funds in respect of employee rights upon retirement			398		654
Deferred tax assets			639		877
Total non-current assets			60,430		50,148
Total assets			$226,729		$163,362

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED BALANCE SHEETS
U.S dollars in thousands
			December 31
			2025		2024
LIABILITIES AND SHAREHOLDERS 'EQUITY
CURRENT LIABILITIES:
Current maturities of long-term loans			$2,227		$2,083
Short term loans			-		4,350
Accounts payable			12,986		12,158
Accrued expenses and other			17,296		18,594
Current maturities of operating lease liabilities			1,474		939
Total current liabilities			33,983		38,124
NON-CURRENT LIABILITIES:
Long-term loans			9,485		10,938
Operating lease liabilities			4,448		1,345
Liability in respect of employee rights upon retirement			770		986
Deferred tax liabilities			1,652		-
Total non-current liabilities			16,355		13,269
COMMITMENTS AND CONTINGENCIES (NOTE 11)
Total liabilities			50,338		51,393
SHAREHOLDERS 'EQUITY:
Ordinary shares of NIS 0 par value. Authorized: 19,000,000 shares at December 31, 2025 and 13,000,000 shares at December 31, 2024 Issued:13,257,610 and 11,214,831 shares at December 31, 2025 and 2024,      respectively Outstanding: 12,983,137 and 10,940,358 shares at December 31, 2025      and 2024, respectively			-		-
Additional paid-in capital			136,578		89,697
Treasury shares, at cost, 274,473 shares at December 31, 2025 and 2024			(2,088)		(2,088)
Accumulated other comprehensive income (loss)			643		(76)
Retained earnings			41,258		24,436
Total shareholders' equity			176,391		111,969
Total liabilities and shareholders' equity			$226,729		$163,362

 

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
U.S dollars in thousands
	Three Months Ended December 31				Year ended December 31,
	2025		2024		2025		2024
Revenues:
Products	$13,046		$11,879		$50,850		$47,710
Services	33,488		29,165		127,165		104,406
	46,534		41,044		178,015		152,116
Cost of revenue:
Products	9,180		8,792		35,793		33,986
Services	25,636		22,769		98,124		85,116
	34,816		31,561		133,917		119,102
Gross profit	11,718		9,483		44,098		33,014
Operating expenses:
Research and development, net	497		302		1,384		1,248
Selling and marketing	2,470		2,099		8,576		7,746
General and administrative	4,208		2,961		15,730		11,901
Other (income) expense	(404)		7		(404)		(383)
	6,771		5,369		25,286		20,512
Operating income	4,947		4,114		18,812		12,502
Interest expenses	175		289		1,010		1,472
Other financial expenses, net	32		169		325		477
Income before taxes on income	4,740		3,656		17,477		10,553
Provision for taxes on income	519		289		2,143		195
Income before share of equity investment	4,221		3,367		15,334		10,358
Share in profits of equity investment of      affiliated companies	505		208		1,488		809
Net income	$4,726		$3,575		$16,822		$11,167

 

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
U.S dollars in thousands
	Three Months Ended December 31				Year ended December 31,
	2025		2024		2025		2024
Net income	$4,726		$3,575		$16,822		$11,167
Earnings per share
Basic	$0.36		$0.33		$1.39		$1.08
Diluted	$0.36		$0.32		$1.37		$1.00
Weighted average number of shares      outstanding
Basic	12,959,476		10,887,540		12,075,678		10,363,978
Diluted	13,093,285		11,707,622		12,283,312		11,215,827

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
U.S dollars in thousands
	Three Months Ended December 31,				Year ended December 31,
	2025		2024		2025		2024
Net income	$4,726		$3,575		$16,822		$11,167
Other comprehensive income (loss), net:
Net unrealized losses from derivatives	-		-		-		(27)
Change in foreign currency translation adjustments	144		(197)		719		(76)
Total comprehensive income	$4,870		$3,378		$17,541		$11,064

 

 

		Ordinary shares							Accumulated
		Number of shares issued			Amount		Additional paid-in capital		other comprehensive income (loss)		Treasury shares		Retained earnings		Total shareholders' equity
BALANCE AT DECEMBER 31, 2022		9,186,019			$2,842		$66,245		$(26)		$(2,088)		$8,597		$75,570
CHANGES DURING THE YEAR ENDED DECEMBER 31, 2023:
Comprehensive income		-			-		-		53		-		4,672		4,725
Exercise of options		32,466			8		157		-		-		-		165
Issuance of common shares net of issuance costs of $141 thousands		1,158,600			290		9,774		-		-		-		10,064
Share based compensation		-			-		159		-		-		-		159
BALANCE AT DECEMBER 31, 2023		10,377,085			3,140		76,335		27		(2,088)		13,269		90,683
CHANGES DURING THE YEAR ENDED DECEMBER 31, 2024:
Comprehensive income (loss)		-			-		-		(103)		-		11,167		11,064
Exercise of options		164,406			12		(12)		-		-		-		-
Cancel of shares par value		-			(3,152)		3,152		-		-		-		-
Issuance of common shares net of issuance costs of $162 thousands		673,340			-		9,827		-		-		-		9,827
Share based compensation		-			-		395		-		-		-		395
BALANCE AT DECEMBER 31, 2024		11,214,831			-		89,697		(76)		(2,088)		24,436		111,969
CHANGES DURING THE YEAR ENDED DECEMBER 31, 2025:
Comprehensive income		-			-		-		719		-		16,822		17,541
Exercise of options		175,481			-		282		-		-		-		282
Issuance of common shares on public offering, net of issuance costs of $2,769 thousands		1,625,000			-		39,415		-		-		-		39,415
Exercise of the underwriters' option on public offering, net of issuance costs of $413 thousands		242,298			-		5,953		-		-		-		5,953
Share based compensation		-			-		1,231		-		-		-		1,231
BALANCE AT DECEMBER 31, 2025		13,257,610			$-		$136,578		$643		$(2,088)		$41,258		$176,391

 

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
		Three Months Ended December 31,				Year ended  December 31,
		2025		2024		2025		2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$4,726		$3,575		$16,822		$11,167
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		1,339		1,136		5,101		5,455
Loss (gain) from change in fair value of derivatives		-		22		-		22
Net change in operating right of use asset and operating lease liability		112		18		112		18
Noncash financial expenses (income)		1,247		79		1,881		(187)
Decrease in restructuring plan provision		-		(63)		-		(63)
Change in allowance for credit losses		(149)		55		(228)		55
Share in results of affiliated companies		(505)		(208)		(1,488)		(809)
Share based compensation		551		185		1,231		395
Capital gains from sale of property, plant and equipment		(401)		(123)		(401)		(478)
Deferred income taxes, net		424		208		1,890		117
Changes in operating assets and liabilities:
Decrease (increase) in trade accounts receivable		59		(37)		(3,495)		(9,743)
Decrease (increase) in other current assets and prepaid expenses		394		(625)		2,235		(1,463)
Decrease (increase) in inventory		1,520		(6,510)		(7,532)		(17,165)
Increase (decrease) in trade accounts payable		(4,381)		(746)		359		2,170
Increase (decrease) in accrued expenses and other		629		2,073		(1,513)		4,691
Net cash provided by (used in) operating activities		5,565		(961)		14,974		(5,818)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of property, plant and equipment		900		-		900		1,275
Purchase of property, plant and equipment		(2,044)		(1,569)		(10,954)		(5,126)
Net cash used in investing activities		(1,144)		(1,569)		(10,054)		(3,851)

 

 

 

TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
		Three Months Ended December 31,				Year ended  December 31,
		2025		2024		2025		2024
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term loans		$(528)		$(562)		$(2,088)		$(2,016)
Net change in short term loans		-		1,754		(4,350)		(7,650)
Proceeds from issuance of ordinary shares and exercise of underwriters' option		-		-		48,550		9,827
Issuance costs of ordinary shares and exercise of the underwriters' option		-		(96)		(3,182)		-
Proceeds from exercise of options		282		-		282		-
Net cash provided by (used in) financing activities		(246)		1,096		39,212		161
Net increase (decrease) in cash and cash equivalents and restricted cash		4,175		(1,434)		44,132		(9,508)
Cash and cash equivalents and restricted cash at beginning of period		47,391		8,868		7,434		16,942
Cash and cash equivalents and restricted cash at end of period		$51,566		$7,434		$51,566		$7,434
Supplementary information on investing and financing activities not involving cash flows:
Additions of operating lease right-of-use assets and operating lease liabilities		104		165		3,859		983
Reclassification of inventory to property, plant and equipment		-		95		579		155
Supplemental disclosure of cash flow information:
Interest paid		55		111		1,001		1,400

 

 

TAT TECHNOLOGIES LTD.
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)
U.S. dollars in thousands
	Three Months Ended December 31,				Year ended December 31,
	2025		2024		2025		2024
Net income	$4,726		$3,575		$16,822		$11,167
Adjustments:
Share in results and sale of equity investment of affiliated companies	(505)		(208)		(1,488)		(809)
Provision for income taxes	519		289		2,143		195
Financial expenses, net	207		458		1,335		1,949
Depreciation and amortization	1,385		1,254		5,410		5,717
Share based compensation	551		185		1,231		395
Adjusted EBITDA	$6,883		$5,553		$25,453		$18,614

 

 

 

 

 

View original content:https://www.prnewswire.com/news-releases/tat-technologies-reports-fourth-quarter-2025-results-302717996.html

SOURCE TAT Technologies Ltd

FAQ

What were TATT's reported revenues for Q4 2025 and full-year 2025?

Q4 2025 revenue was $46.5 million, and full-year 2025 revenue was $178.0 million. According to the company, Q4 rose 13.4% year-over-year and full-year revenue increased 17.0% versus 2024.

How much did TATT's adjusted EBITDA change in 2025 and what is the margin?

Adjusted EBITDA for 2025 was $25.5 million, a 36.7% increase year-over-year, representing a 14.3% margin. According to the company, adjusted EBITDA improved from $18.6 million in 2024 to $25.5 million in 2025.

What profitability improvements did TATT report for 2025 (gross profit and operating income)?

TAT reported full-year gross profit of $44.1 million (+33.6%) and operating income of $18.8 million (+50.5%). According to the company, margins expanded across all key profitability metrics in 2025.

What backlog and contract visibility did TATT report entering 2026?

TAT ended 2025 with a backlog and long-term agreements value of approximately $550 million. According to the company, this increased from $429 million entering 2025, providing stronger revenue visibility into 2026.

When is TATT's earnings webcast to review Q4 and full-year 2025 results?

The company scheduled an earnings webcast for March 19, 2026 at 8:00 AM ET. According to the company, investors can register via the investor relations website to join the presentation and Q&A session.