Bittium Oyj
Sector unknown·BITTI · Nasdaq Helsinki·Fiscal year to 31/12/2025
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Defence industry
End markets
DriverPositive impact: strengthens
“Proposal by the Board of Directors for the Distribution of the Dividend Shares and Share Capital The Group's Key Ratios Calculation of Key Ratios Directors Statement The Year 2025 in Brief A breakthrough year for the internationalization of the Defense business. The order backlog and EBITDA almost doubled.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Demand for tactical networks and radios grew significantly, and with orders received during the latter part of the year, the company raised its financial outlook for 2025.”
Annual report 2025A · The company itself
Market
“Bittium Tough Mobile™ 2 Tactical is a complete solution that enables soldier mobile communications. The solution is based on the secure and rugged Bittium Tough Mobile 2 smartphone that is connected with either Bittium Tough SDR Handheld radio or third-party tactical radios. The solution is compatible with different battle management systems, which enables real-time and efficient sharing of situational awareness in tactical networks.”
Annual report 2025A · The company itself
Market
“Bittium Tough Mobile™ 3 smartphone continues the Tough Mobile series of smartphones designed for extreme security needs. The Tough Mobile 3 enables absolute security, especially for governments, defense forces and government organizations, against the ever-increasing security threats. Based on the Android™ operating system, the Tough Mobile 3 is a 5G smartphone that combines government-grade security with military-grade durability.”
Annual report 2025A · The company itself
Market
“Bittium Tactical Wireless IP Network™ (TAC WIN) is a Software-Defined Radio based wireless broadband network system intended for military and public safety use.”
Annual report 2025A · The company itself
Market
“Bittium Tough SDR™ product family consists of Bittium Tough SDR Handheld, tactical radio for dismounted soldiers, and Bittium Tough SDR Vehicular, two-channel tactical radio for vehicle installations. The uniquely wide range of frequency bands of the radios improves combat survivability, and using several waveforms, even simultaneously, improves compatibility and enables operations on different levels and missions.”
Annual report 2025A · The company itself
Market
“Bittium Tough VoIP™ product family’s products enable tactical IP calls and broadband data transfer even in demanding conditions. The product family consists of a range of tactical IP-based communication products, including Bittium Tough Comnode device and Bittium Tough VoIP Field Phone 2 as well as Bittium Tough VoIP Service and Bittium Tough VoIP Softphone software products.”
Annual report 2025A · The company itself
Market
“Bittium Tactical Device Management™ s an advanced system that enables secure deployment and operative use for tactical communication devices. With the system, different defense forces can maintain sovereign, centralized, and efficient control over Bittium’s tactical devices. The system enables the preparation of the devices for operative use and management of the devices during operative use, including commissioning, software updates, and key management.”
Annual report 2025A · The company itself
Market
“The development of net sales was particularly driven by the significant growth in sales in the Defense & Security Business Segment. Product-based net sales were EUR 87.4 million (EUR 52.0 million), representing 73.2 percent of total net sales (61.0 percent).”
Annual report 2025A · The company itself
Market
“Tactical and Secure Data Transfer and Communication systems Defense & Security business segment, Bittium offers globally leading products, services, and systems for its customers in the defense, security, and authority markets.”
Annual report 2025A · The company itself
Market
“Bittium Tough Mobile 2 C smartphone together with Bittium Secure Suite software form a smartphone-based communication solution that has been approved for CONFIDENTIAL security level (NCSA-FI) use and and the Bittium Tough Mobile 2 C smartphone, Bittium Secure Suite software and Bittium Secure Call communication application are approved for NATO RESTRICTED level use.”
Annual report 2025A · The company itself
Market
“Bittium TAC WIN is an excellent data transfer solution for different defense branches as well as weapon systems and unmanned vehicle platforms due to its mobility, low latency, and high data transfer capacity features.”
Annual report 2025A · The company itself
Market
“The need for EU countries to strengthen their common defense has also created new business opportunities in the Engineering Services business segment. Demand has increased for a wide range of products and solutions manufactured in Europe and NATO member states. Bittium focuses on defense industrial players in Europe, which have a variety of high-tech smart devices serving the defense sector in their product portfolio..”
Annual report 2025A · The company itself
Market
“The collaboration with Edge Impulse, a Qualcomm company, is the first step in developing AI offerings and partnerships The need for European countries to strengthen common defense has also created new business opportunities for the Engineering Services Business Segment. Demand has increased for various products and solutions manufactured in Europe and NATO member countries. Bittium is uniquely positioned to meet the demand for R&D services in the defense market thanks to its reputation, strong expertise, and market knowledge. The company focuses on industrial players in the defense industry in Europe, which have various high-tech smart devices serving the defense sector in their product portfolios.”
Annual report 2025A · The company itself
Market
“In addition, Bittium, the Finnish Defence Forces and the Swedish Defence Forces signed a framework agreement in the field of command and control systems. The agreement enables the procurement of Bittium's tactical communication systems and products, softwarebased radios, as well as security software and phones.”
Annual report 2025A · The company itself
Chains in: Defence budgets strengthens
Europe
Geography
DriverPositive impact: strengthens
“The deterioration of the global security situation and the increase in tensions between the major global powers have accelerated the European effort to reduce dependence on actors outside Europe. The strategic importance of European technology is also emphasized 2025 was clearly a breakthrough year for the internationalization of the company's Defense business.”
Annual report 2025A · The company itself
Market
“The need for EU countries to strengthen their common defense has also created new business opportunities in the Engineering Services business segment. Demand has increased for a wide range of products and solutions manufactured in Europe and NATO member states. Bittium focuses on defense industrial players in Europe, which have a variety of high-tech smart devices serving the defense sector in their product portfolio..”
Annual report 2025A · The company itself
Market
“The collaboration with Edge Impulse, a Qualcomm company, is the first step in developing AI offerings and partnerships The need for European countries to strengthen common defense has also created new business opportunities for the Engineering Services Business Segment. Demand has increased for various products and solutions manufactured in Europe and NATO member countries. Bittium is uniquely positioned to meet the demand for R&D services in the defense market thanks to its reputation, strong expertise, and market knowledge. The company focuses on industrial players in the defense industry in Europe, which have various high-tech smart devices serving the defense sector in their product portfolios.”
Annual report 2025A · The company itself
Geography
“Finland's accession to the defense alliance NATO has increased the visibility of Bittium's products in international defense and security markets, and the partnership agreement with the Finnish Defence Forces creates a significant reference for the company's internationalization through both system solutions and the operating environment.”
Annual report 2025A · The company itself
Geography
“To strengthen international sales in the Defense & Security business segment, Bittium established a subsidiary in the United Kingdom.”
Annual report 2025A · The company itself
Geography
“Significant steps were taken in internationalization and the customer portfolio expanded to two new European countries.”
Annual report 2025A · The company itself
Geography
“In the Engineering Services Business Segment, the company has invested heavily in sales development, with a particular focus on international customers in Europe.”
Annual report 2025A · The company itself
Geopolitical uncertainty
Macro
DriverPositive impact: strengthens
“Defense & Security Business Segment Strategy for 2026–2028 Global geopolitical instability and resulting changes have increased defense funds and the need to modernize tactical communication systems.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The deterioration of the global security situation and the increase in tensions between the major global powers have accelerated the European effort to reduce dependence on actors outside Europe. The strategic importance of European technology is also emphasized 2025 was clearly a breakthrough year for the internationalization of the company's Defense business.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Demand has increased due to changes caused by geopolitical instability.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Global geopolitical instability and the resulting measures have caused various supply and demand-related risks but also opportunities. In the Defense & Security business, geopolitical instability has had a positive impact on the growth of demand for communication solutions aimed at the defense forces.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Bittium is increasingly exposed to legal, financial, political and regulatory risks related to the countries where the company's customers or other partners are located, which may lead to delays in deliveries or orders not being received in the predicted quantities, exchange rate losses, increased costs or litigation and related costs.”
Annual report 2025A · The company itself
DriverMixed impact: mixed
“Geopolitical uncertainty may affect demand for Bittium's products, services and solutions, for example, causing pricing pressures and affecting price competitiveness in different geographical areas.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The company is also exploring inorganic growth opportunities in all its Business Segments, in particular to expand the tactical communications product portfolio in the Defense & Security.”
Annual report 2025A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Semiconductors and electronic components
Raw materials and inputs
InputNegative impact: weakens
“Potential challenges in the global availability of key technologies and components and in obtaining necessary export permits may affect the progress of customer projects and the ability to deliver products.”
Annual report 2025A · The company itself
Market
“In the Engineering Services business segment, Bittium offers its customers product development services and wireless connectivity solutions for developing innovative products in a secure and evolving wireless environment. The company has focused its product development service offering around radio technology and embedded devices.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Artificial intelligence
Technology
DriverPositive impact: strengthens
“Embedded AI technology has developed to the point where sufficient computing power can be achieved in small, relatively low-power devices. This increases the possibilities for using AI and grows the demand for embedded AI. Embedded AI builds intelligence into devices, enhancing and expanding the device's functionality.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The company will continue to develop its performance with software-based AI solutions, and to strengthen this, Bittium has acquired a 24.9% stake in MarshallAI, a provider of AI solutions.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Bittium has world-class expertise in wireless technologies and comprehensive product development throughout the product lifecycle. With the new embedded AI offering, we ensure that our product development service offers our customers smarter, faster and continuously evolving technology utilizing AI.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Bittium is investing in strengthening its AI expertise in its own operations, focusing particularly on AI computing performed in embedded devices. Embedded AI strengthens the comprehensive R&D services offering of Engineering Services, which takes into account electronics, software, and connectivity.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The company continued to develop the performance of Defense products, including software-based artificial intelligence solutions, which was strengthened by acquiring a 24.9 percent stake in the Finnish company MarshallAI, which provides artificial intelligence solutions.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Bittium launched its embedded AI offering. The launch is an important step in Bittium's growth strategy: it combines expertise, technology and partnerships that enable Bittium and its customers to leverage intelligent, business-driven solutions that set the course for the next generation of innovation.”
Annual report 2025A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Cybersecurity (products and services)
Technology
DriverPositive impact: strengthens
“General awareness of information security risks has increased sales of information security solutions.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Bittium’s competitiveness in these markets is based on trust and reliability, high-quality and performance of its products, and services, as well as on advanced technology and security know-how developed within the company for over 40 years.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The company has a strong competitive advantage thanks to its extremely resilient and secure wireless technology for tactical communication, which is integrated into hardware and software intended for military and public safety use.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Bittium focuses particularly on its strong expertise in security technologies and software and creates partnerships with leading players in the field, for example, in the product manufacturing such as Tough Mobile 3 secure phones.”
Annual report 2025A · The company itself
Market
“Bittium Secure Call™ is a communication application for public authorities and businesses with quantum security for end-toend encrypted voice and video calls, group calls, messages with attachments, group messaging, push-to-talk voice messages, and a message that is destroyed after a predetermined time.”
Annual report 2025A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Healthcare and hospitals
End markets
Market
“With quantum safe Bittium SafeMove, for instance, home care workers are allowed to have full access to the same systems and applications they would have on a hospital desktop, enabling always-on, secure and seamless connectivity to your organization’s information systems regardless of time and place.”
Annual report 2025A · The company itself
Market
“Understanding industry-specific requirements, strong expertise in product development services, wireless devices, digitalization and information security, and ISO 13485:2016 quality certification for healthcare devices and supplies enable the creation of new solutions that generate clear added value for customers and partners.”
Annual report 2025A · The company itself
Market
“The strategically important collaboration agreement with Boston Scientific Cardiac Diagnostics, a US-based provider of ECG services, was continued, and the companies signed a new three-year agreement for the supply of ECG measurement devices.”
Annual report 2025A · The company itself
Market
“Market changes in the industrial sector Bittium's customer base includes, among others, defense and other authorities and companies that supply them with products, companies operating in the healthcare market, and companies operating in the telecommunications industry, so Bittium is exposed to market changes affecting these industrial sectors.”
Annual report 2025A · The company itself
Chains in: Ageing population strengthens, GLP-1 and obesity treatment mixed effect
Public sector
End markets
Market
“Bittium Tough Mobile™ 3 smartphone continues the Tough Mobile series of smartphones designed for extreme security needs. The Tough Mobile 3 enables absolute security, especially for governments, defense forces and government organizations, against the ever-increasing security threats. Based on the Android™ operating system, the Tough Mobile 3 is a 5G smartphone that combines government-grade security with military-grade durability.”
Annual report 2025A · The company itself
Market
“Tactical and Secure Data Transfer and Communication systems Defense & Security business segment, Bittium offers globally leading products, services, and systems for its customers in the defense, security, and authority markets.”
Annual report 2025A · The company itself
Market
“Bittium Tough Mobile 2 smartphones together with Bittium Secure Suite device management and encryption software product can be certified for secure use by different national government authorities.”
Annual report 2025A · The company itself
Market
“Authority-level security is achieved when Bittium Secure Call is used in conjunction with Bittium Tough Mobile 2 smartphones and the Bittium Secure Suite software.”
Annual report 2025A · The company itself
Telecoms and 5G
Technology
Market
“Market changes in the industrial sector Bittium's customer base includes, among others, defense and other authorities and companies that supply them with products, companies operating in the healthcare market, and companies operating in the telecommunications industry, so Bittium is exposed to market changes affecting these industrial sectors.”
Annual report 2025A · The company itself
Defence budgets
Regulation
DriverPositive impact: strengthens
“Defense & Security Business Segment Strategy for 2026–2028 Global geopolitical instability and resulting changes have increased defense funds and the need to modernize tactical communication systems.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens, Reconstruction of Ukraine mixed effect
Chains out: this strengthens Defence industry
Rare earths and critical raw materials
Raw materials and inputs
InputNegative impact: weakens
“Potential challenges in the global availability of key technologies and components and in obtaining necessary export permits may affect the progress of customer projects and the ability to deliver products.”
Annual report 2025A · The company itself
Chains in: Wind power strengthens
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“The weaker development of product development services has been affected by cuts in new product development projects and postponement of project starts due to cost pressures from customers.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Uncertainty in the international economy can lead to payment delays and increase the risk of credit losses, while also weakening the availability and terms of financing.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“Possible exceptional weather extremes can cause disruptions in the supply chain, affecting, for example, the availability of components and thus increasing operational costs. Changing climate can cause costs and changes, for example, in the durability of equipment and products in special conditions and increase energy consumption, e.g. in connection with the cooling of data centers.”
Annual report 2025A · The company itself
Chains out: this weakens Agriculture and food production
Consumer spending
Macro
DriverNegative impact: weakens
“Uncertainty in the operating environment continued as a result of customers' cost-saving measures.”
Annual report 2025A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Digitalisation
Technology
DriverPositive impact: strengthens
“Engineering Services Business Segment Strategy 2026–2028 With digitalization, secure IoT (Internet of Things) is a significant development area in almost all industries. IoT demand is driven by companies' growing need to digitize their operations, collect data wirelessly, transfer data to the internet and cloud services, and monitor and control devices and systems remotely.”
Annual report 2025A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Labour and wages
Raw materials and inputs
InputNegative impact: weakens
“Work stress poses a risk to employees' well-being and coping at work, and more broadly to the availability and stability of the workforce.”
Annual report 2025A · The company itself
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Bittium is increasingly exposed to legal, financial, political and regulatory risks related to the countries where the company's customers or other partners are located, which may lead to delays in deliveries or orders not being received in the predicted quantities, exchange rate losses, increased costs or litigation and related costs.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Denmark
Geography
Geography
“The phones are fully designed and manufactured in Finland and Bittium ensures supervised and secure manufacturing and supply of the smartphones to customers.”
Annual report 2025A · The company itself
Geography
“Finland's accession to the defense alliance NATO has increased the visibility of Bittium's products in international defense and security markets, and the partnership agreement with the Finnish Defence Forces creates a significant reference for the company's internationalization through both system solutions and the operating environment.”
Annual report 2025A · The company itself
Nordics
Geography
Geography
“In addition, Bittium, the Finnish Defence Forces and the Swedish Defence Forces signed a framework agreement in the field of command and control systems.”
Annual report 2025A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.12 bn EUR |
| Revenue growth vs. the year before, same method | 40.1 % |
| EBITDA reported by the company | 0.03 bn EUR |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 0.6 EUR |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (EUR), not converted to DKK. Quotes are shown as the company's own words in the report's original language.