Czech arms maker CSG reports 35 percent profit growth

The Czech arms and engineering company Czechoslovak Group, or CSG, increased its net profit by 35.5 percent year on year to 872 million euros, or about 21.3 billion crowns, in 2025. The company, owned by businessman Michal Strnad, is one of Europe’s leading manufacturers of artillery ammunition. It announced the results on Thursday.

CSG said revenues rose by more than 70 percent to 6.7 billion euros, mainly due to strong demand for defence systems and ammunition. It also reported a record order backlog of 15 billion euros.

The company listed its shares on the Amsterdam stock exchange in January, raising about 3.8 billion euros, and expects further growth this year.