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INVL Technology Earnings Release 2025
2265_rns_2026-07-15_d0223aa4-f9c0-457f-87d9-5a1ba7aa5163.pdf
Earnings Release
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^{}[] NRD Cyber Security
NRD Cyber Security offers cybersecurity solutions, consulting, and other services
2025 results
^{}[] NRDCS.EU
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^{}[] NRD Cyber Security
Focus
- Cybersecurity operations build-out
- Incident detection and handling
- Establishment and support of Computer Security Incident Response Teams (CSIRTs) and Security Operation Centres (SOCs)
- Cyber capacity building for organisations, sectors, and nations
Customers
Governments, public, and private sector organisations.
^{}[] We are based in
^{}[] Lithuania
^{}[] NRD Cyber Security
Our services
CISO services
CSIRT and SOC consultancy services
Cyber SOC
DORA implementation
ISO 27001 standard implementation
IT security audits and assessments
Cybersecurity capacity building
NIS2 services
Technology solutions
Natrix
Natrix is a centralised cybersecurity monitoring and threat hunting platform
Cyber Set
CyberSet is a CSIRT or SOC services automation toolkit
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^{}[] NRD Cyber Security
NRD Cyber Security financial results
- Key items in the income statement and balance sheet
- Key financial data (revenue, EBITDA)
- Revenue by country
- Revenue by sector and operational coverage
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^{}[] NRD Cyber Security
Main items of the income statement (thous. Eur)*
| 2024 | 2025 | |
|---|---|---|
| Revenue** | 11 415 | 14 152 |
| Gross profit** | 3 539 | 4 471 |
| EBITDA | 1 376 | 2 013 |
| EBIT | 1 228 | 1 866 |
| Net profit | 1 155 | 1 615 |
** In 2025, the accounting policy for research and experimental development (R&D) activities in the NRD Cyber Security group was changed. Comparative revenue and gross profit figures are presented as adjusted.
Main balance sheet items (thous. Eur)*
| 2024 | 2025 | |
|---|---|---|
| Tangible assets | 245 | 182 |
| Intangible assets | 11 | 3 |
| Other non-current assets | 89 | 69 |
| Current assets | 5 671 | 4 826 |
| Of which cash | 4 190 | 2 567 |
| Total assets | 6 016 | 5 080 |
| Equity | 1 437 | 1 952 |
| Non-current liabilities | 318 | 18 |
| Of which financial debt | 87 | 18 |
| Current liabilities | 4 261 | 3 110 |
| Of which financial debt | 65 | 72 |
| Total liabilities and equity | 6 016 | 5 080 |
*The unaudited consolidated results of the NRD Cyber Security group are presented. The results of NRD CS and NRD Bangladesh are included in the results of the NRD Cyber Security group. Standalone financial statements of companies for 2024 and 2025 are audited. In the Q4 of 2025 NRD Bangladesh was sold.
^{}[] NRD Cyber Security
Key financial data
REVENUE (THOUS. EUR)
EBITDA (THOUS. EUR)
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^{}[] NRD Cyber Security
Revenue by country
| Thous. Eur | 2024 | 2025 | Change |
|---|---|---|---|
| Lithuania | 8 779 | 10 668 | 1 889 |
| Other countries | 2 636 | 3 484 | 848 |
| Total | 11 415 | 14 152 | 2 737 |
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^{}[] NRD Cyber Security
Revenue by sector and operational coverage
Countries of operation for NRD Cyber Security Group*
Compared to the previous year, the share of NRD Cyber Security Group's revenues coming from the public sector increased in 2025, while the share of revenues coming from the financial sector decreased slightly.
During 2025, new countries were added to the geography of the NRD Cyber Security Group: Ireland, Poland, Mozambique, Djibouti, Madagascar, Italy.
- The number of countries is calculated by origin of the project, not by country of the client. As of 2022, NRD Cyber Security consists of NRD CS Ltd and NRD Bangladesh Ltd. In the Q4 of 2025 NRD Bangladesh was sold.
^{}[] NRD Cyber Security
NRD Cyber Security projects and important events in 2025
- In 2025, projects spanned more than 30 countries
- Project activity increased
- The number of ongoing cybersecurity service contracts grew
- The company was invited to organise activities aimed at developing the industry
^{}[] NRD Cyber Security
Project geography in 2025
^{}[] NRD Cyber Security
Some of our projects in 2025
| Development of CSIRTs | National cybersecurity capacity building | Managed cybersecurity services | |
| Cybersecurity Policy Framework for the Organisation of Eastern Caribbean States (OECS).In Samoa, an improved SamCERT operating model was proposed, under which better incident response and digital security services will be provided. | In São Tomé and Principe, preparation was completed for the development of a national cybersecurity strategy.Through an Asian Development Bank initiative, company experts developed a toolkit aimed at promoting critical infrastructure protection in non-digital sectors. | A feasibility study has been prepared on the establishment of a cybersecurity coordination center for the Economic Community of West African States (ECOWAS).A large-scale project has been launched in Mozambique. Its goal is to strengthen cybersecurity in the public administration sector. | Many long-term contracts were renewed for CyberSOC managed SOC services.The scope and scale of the company's outsourced CISO services grew. These services are now provided to various organizations, such as a large confectionery manufacturer Vilniaus pergalé. |
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^{}[] NRD Cyber Security
Important events
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International recognition: Once again, we have been included in the "MSSP Alert TOP250" list of organizations providing managed security services—in 2025, we improved our ranking from 98th to 60th place.
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The ownership of cyber capabilities building topic: At the "Global Conference on Cyber Capacity Building (GC3B)" which brings together the international community dedicated to strengthening cybersecurity capabilities, we were selected to coordinate and moderate a panel discussion.
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The SOCshare and SOCcare projects are continuing: As part of the SOCshare project, in collaboration with the Vilnius City Municipality Administration, we are developing a community-based cyber threat intelligence (CTI) and information-sharing platform, while SOCcare aims to enhance cooperation in the Eastern European region.
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Leaders in the field of cyber threat monitoring in Lithuania: Once again, we invited clients, partners, and representatives of the cybersecurity community in Lithuania to our annual conference, "Cyber Resilience 2025". The event focused primarily on cyber threat monitoring, the latest trends, the potential of artificial intelligence in the field of cybersecurity, and other topics.
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^{}[] NRD Cyber Security
Let's cooperate on securing the digital environment!
+370 5 219 1919
Gyneju str. 14, Vilnius, Lithuania