The year was characterised by innovation-driven development and a clear focus on strengthening the resilience of Sweden and Europe together with customers and partners. In a time of intensifying geopolitical tensions, a key priority has been to meet the growing need for robust and long-term solutions. This has made investments in areas such as digitalisation, data integration and advanced technologies, including AI, essential for developing the industry, the defence industry and the armed forces.

Combitech has continued to contribute to deeper dialogue and meeting spaces for collaboration within the military and civil defence sectors, for example through roundtable discussions and expanded partnerships. For the third consecutive year, the Total Defence Report was presented, in which Swedish business leaders share their perspectives on preparedness. The report shows that companies still lack sufficient preparedness for crises or, ultimately, war — but that as many as 74 per cent want to learn more about total defence.

A milestone during the year was the establishment of Combitech’s competence centre in Hyderabad, India. With more than 150 specialists on site, Combitech has been able to scale its deliveries, accelerate customers’ digital transformation and increase the pace of automation. With security, expertise and collaboration at its core, the centre is a key enabler for meeting market demands for capability, speed and delivery performance.

“We are humbled by the trust placed in us by our customers and partners. We are not only building Combitech’s future — we are strengthening the resilience of society as a whole. Our growth and innovative strength, together with the knowledge and commitment of our employees, enable us to meet today’s demands and shape tomorrow’s solutions”, says Jessica Öberg, CEO of Combitech.

Important events in 2025

• Combitech is inaugurating a new competence centre in Hyderabad. The focus is on supporting our customers in promoting innovation and security, enabling expansion and rapid transformation.
• A key focus has been to provide increased capacity to the Saab Group to support its digital transformation, with an emphasis on services within software development, cyber security, cloud technology and artificial intelligence.
• Continued trust from The Swedish Defence Materiel Administration (FMV) and the Swedish Armed Forces (FM), including deliveries related to the maintenance and development of Telecom FV for the Air Force, as well as the development of communication systems and the sensor chain for the entire Armed Forces. We have also extended our commitment within data provision for the Armed Forces’ command-and-control systems.
• Several NATO countries have placed orders for SAINT from Combitech, a signals intelligence and electronic warfare system, including annual maintenance and support agreements.
• Combitech has entered into a five-year framework agreement with BAE Systems Hägglunds to deliver engineering services that include product development and commitments.
• Assignment for BAE Systems Bofors in the field of AI, to introduce more smart ways of working and to support increased internal efficiency.
  The Swedish Civil Defence and Resilience Agency (MCF), formerly the Swedish Civil Contingencies Agency (MSB), has signed a two year framework agreement for consultancy services within crisis preparedness and civil defence, leadership and coordination.
• Combitech and the Swedish Defence Recruitment Agency have entered into a partnership in the field of IT security. 
• Combitech has been awarded a new framework agreement with The National Procurement Services, Kammarkollegiet (Legal, Financial and Administrative Services Agency) for consultancy services relating to the organisation’s IT requirements, as well as a renewed framework agreement for consultancy services and IT security.
• Several framework agreements with LFV (Swedish Air Navigation Services) have been signed during the year, including consultancy services within air traffic management, security assessments and penetration testing services.
• For the third consecutive year, the Total Defence Report was published, showing that the business sector still lacks information, preparedness and understanding of companies’ crucial role in total defence.
• Jessica Öberg, CEO of Combitech, was awarded “CEO of the Year" in the Large Corporation category, recognising value‑driven leadership that supports a long‑term, sustainable business sector.

Key figures for 2025

(comparison figures for 2024 in brackets)

Sales: SEK 4,977 million (SEK 4,306 million)

Operating margin: 9,6% (10,3%)

Operating cash flow: SEK 388 million (SEK 532 million)

Number of employees at the end of 2025: 2763 (2515)

For further information, please contact:

Ulrica Matsers, Head of People, Culture and Communication, Combitech
Tel: 0734-46 00 70, Email: ulrica.matsers@combitech.com

Johan Andersson, Head of Investor Relations, Saab
Tel: 0734-37 29 39, Email: johan.c.andersson@saabgroup.com