- TKMS AG & Co. KGaA (TKMS) holds its first Annual General Meeting as an independent company.
- Annual General Meeting approves all agenda items by large majority.
- In the first quarter of the current year, the order backlog reached a new record level of €18.7 billion.
- Since its first listing, the TKMS share price has risen by more than 50%.
Kiel, February 27, 2026 – At its first Annual General Meeting since spinning off to become an independent company and successfully going public, TKMS AG & Co. KGaA (TKMS) today set the course for growth and strengthening its market position.
At the Annual General Meeting, the Executive Board and Supervisory Board took stock of the successful 2024/2025 fiscal year, in which TKMS achieved a significant increase in all key financial indicators, and presented their plans to position TKMS for success in the coming years.
Oliver Burkhard, CEO of TKMS, states: “Our Group stands on a strong foundation. We are excellently positioned in a structurally growing market. We have a clear strategy, putting sustainable growth and increasing profitability at the heart of our work. In doing so, we focus on operational excellence, disciplined capacity expansion, and technological market leadership. TKMS is on track, and we want our shareholders to participate in this development."
In the first quarter of 2025/26 (reporting date: December 31, 2025), TKMS's order backlog reached a new high of €18.7 billion. Thanks to further orders from Norway in the 212CD submarine program, the order backlog has grown significantly since then. In addition, important orders from Germany are awaiting a decision, in particular for the MEKO A-200 DEU project – in future F128 – for which TKMS recently signed a preliminary agreement with the responsible federal office. TKMS is the sole bidder in the F127 program. The ongoing, advanced campaigns in Canada and India also underscore the Group's international growth potential.
Dr. Volkmar Dinstuhl, Chairman of the Supervisory Board of TKMS: "TKMS has had an extraordinary year. With the global launch of the new corporate brand, the listing on the German Stock Exchange, and the entry into the MDAX on December 22, 2025, TKMS has established itself as one of the most important companies in Germany and in international competition. The record order book of more than €18 billion is testament to the Group's promising economic development. This success was only made possible by the commitment and performance of all teams at TKMS."
In view of the high order backlog, TKMS intends to expand its capacities in a targeted manner and significantly increase profitability through economies of scale in production. The new location in Wismar will play a key role in this. A hybrid site is taking shape here for the construction of submarines, frigates, and special ships such as the Polarstern. Technologically advanced business fields in the areas of unmanned platforms, marine electronics, systems networking, and artificial intelligence are also expected to contribute significantly to an increase in profitability. In the medium term, TKMS aims to achieve growth of around ten percent per year and an EBIT margin of over seven percent.
The Annual General Meeting approved all proposed resolutions by large majorities. As announced prior to the listing, TKMS plans to pay its first dividend for the current fiscal year in 2027. TKMS is aiming for a payout ratio of 30 to 50% of annual earnings in the medium term. Since its market debut on October 20, 2025, the TKMS share price has risen by more than 50%.
