John Cockerill reaches €2 billion in orders and reinforces its position as a leader in strategic equipment

In 2025, John Cockerill achieved remarkable results. The Group surpassed the symbolic milestone of €2 billion in order entries. Turnover stood at €1.649 billion, continuing its upward trend since 2021. These results confirm John Cockerill’s leading position as a supplier of technological equipment for the strategic sectors of defense, energy, and metallurgy.

In a global environment marked by intensifying geostrategic tensions, the fragmentation of supply chains, and increased state control over key sectors, John Cockerill demonstrated in 2025 the strength of its industrial model and the relevance of its long-term strategy. The Group recorded record results while strengthening its contribution to the energy, industrial, and security sovereignty of States.

The year 2025 exceeded expectations, setting a record in terms of order entry and turnover. For the first time, the order backlog reached €2 billion, up from the record of €1.7 billion set in 2024. Turnover, at over €1.6 billion, has continued to grow steadily since 2021.

The measures taken to sustainably improve the profitability of the Group’s historic businesses are bearing fruit: all Businesses posted a profit in 2025, with the exception of hydrogen, despite a challenging economic environment. These results reflect an audacity under control, grounded in rigorous project execution, geographic diversification, and the complementary nature of the Group’s activities.

In 2025, the defense sector contributed significantly to these results. Through its subsidiary Arquus, John Cockerill won the contract to supply 7,000 logistics trucks to the French Army. As part of European support for Ukraine, John Cockerill designed Bastion vehicles, modernized BV206s and Unimogs, and delivered the first Cockerill® 3105 turret. This commitment to serving the Belgian armed forces also took shape with the creation of LS², a joint venture dedicated to the maintenance of Belgian Defense vehicles.

In the hydrogen sector, John Cockerill strengthened its leadership with a €116 million fundraising round and the acquisition of key assets from McPhy. Several flagship projects have seen major progress, such as the delivery of the first electrolyzer prototype for the largest green hydrogen project in India and the delivery of the first European electrolyzers at the Group’s Franco-Belgian plant for the HyOffWind project, Belgium’s first green hydrogen plant. In addition, John Cockerill secured more than 700 MW in contracts and FEEDs (engineering studies) in Belgium, France, the Netherlands, the United States, India, and Vietnam.

In the energy sector, John Cockerill simultaneously managed large-scale projects, including the commissioning of the world’s largest Heat Recovery Steam Generator in Belgium. Industrial equipment maintenance also accounts for a significant portion of the Group’s business volume. John Cockerill has carried out work at all French and Belgian nuclear power plants, as well as on critical infrastructure such as hydroelectric power plants, cooling systems, dams, onshore and offshore wind turbines, and river-based facilities.

Finally, in 2025, John Cockerill consolidated its metallurgical expertise within its Indian subsidiary, listed on the Mumbai Stock Exchange. Steel processing lines installed in France, India, and the United States produced their first coils. The world’s leading steelmakers have renewed their trust in John Cockerill to supply equipment enabling lower-carbon steel production.

With a global vision implemented locally and a diverse range of activities, the Group continues to grow with audacity under control, serving industries, governments, and communities. Building on this historic and symbolic order worth over 2 billion euros in 2025, John Cockerill aims to sustain its growth and targets short-term turnover of 2 billion euros.