Gabler Group Views Structural Transformation in the Subsea Market as Validation of Its Long-Term Strategy
 

• International subsea market is increasingly evolving from specialized standalone solutions toward integrated systems
• Rising investment and industry consolidation underscore the market’s structural transformation
• Strategic positioning combines capabilities in Submarine Systems, Subsea Communications & Data, and Subsea Power into an integrated technology portfolio

Lübeck (Germany), 21 July 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, is observing a profound structural transformation in the global subsea market toward integrated system solutions. Rising investment in maritime security and defense capabilities, increasing industry consolidation, and new requirements for modern subsea operations are fundamentally reshaping the competitive landscape. As a result, competitiveness is increasingly determined by the ability to combine multiple key technologies into integrated subsea systems. In the Company’s view, these developments validate the strategic direction it has pursued for several years.

The protection of critical subsea infrastructure such as energy and data cables, the growing deployment of autonomous and unmanned underwater vehicles (AUVs/UUVs), as well as the modernization of existing submarine fleets and the development of new ones are driving investment in maritime security and defense capabilities worldwide. At the same time, numerous companies are strengthening their technological capabilities through targeted acquisitions and strategic partnerships. Recent examples include Thales’ announced acquisition of Exail and several subsea acquisitions by Fincantieri.

In Gabler Group’s view, these developments reflect a fundamental shift in market requirements. Modern subsea operations increasingly require the seamless integration of a broad range of technologies—from platforms, communications, and sensors to power supply and data processing. The ability to combine these key technologies into high-performance integrated systems is becoming an increasingly important competitive differentiator.

The contracts announced by the Company in recent weeks underscore the consistent execution of this strategic direction. In addition, the strategy presented in connection with the Company’s IPO provides for both organic expansion and acquisitions of complementary technologies. Through this approach, Gabler Group is addressing the increasing integration of key technologies across the subsea market.

David Schirm, CEO of Gabler Group AG: “The requirements of the subsea market are changing fundamentally. Customers are no longer looking solely for best-in-class individual technologies—they increasingly require their intelligent integration into high-performance system solutions. That is why we have systematically expanded our technology portfolio in recent years to include Subsea Communications & Data and Subsea Power. Today, our capabilities across Submarine Systems, Subsea Communications & Data, and Subsea Power provide us with a broad, cross-disciplinary technology portfolio that enables us to support our customers in meeting the growing demands of modern subsea operations. The current developments in the international subsea market validate the strategic path we have been pursuing for several years.”

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler Group is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

Gabler Group Receives Order from Asian Navy for New Generation of Mission-Critical Buoyancy Control System Components
 

• Order volume of approximately EUR 4.4 million
• Project duration through 2031 with revenue recognition beginning in 2027
• New product generation opens up additional market potential in international submarine programs

Lübeck (Germany), 9 July 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, has received an order worth approximately EUR 4.4 million for the supply of the new generation of its mission-critical buoyancy control system components as part of an Asian submarine program. The order covers the delivery of components for two submarines. The project is scheduled to run from 2026 through 2031. Initial revenues are expected to be recognized beginning in the 2027 financial year.

Ole Johannsen, CSO of Gabler Group: “This second order for our new product generation not only confirms its technological competitiveness but also highlights its international market potential. Each successfully completed project expands our reference base and lays the foundation for further growth in our Submarine Systems business.”

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler Group is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

Gabler Group Wins EUR 11 Million Contract in the Submarine Systems Business

Lübeck (Germany), 7 July 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, has received an order with a volume of approximately EUR 11 million in its Submarine Systems business. The order underscores Gabler Group’s long-standing expertise in mission-critical systems for underwater applications.

Execution of the order will begin in the coming years. Initial advance payments are expected from 2028 onward, with revenue expected to be recognized between 2029 and 2039. Due to contractual confidentiality obligations, no further information regarding the customer, the product or the project details can be disclosed.

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler Group is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

Gabler Group Strengthens Its Role as a Technology Partner to European Navies with Order Worth Approximately EUR 17 Million
 

• Order comprises product deliveries and modernization measures
• Project duration of approximately two years

Lübeck (Germany), 1 July 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, is further strengthening its role as a technology partner to European navies. The Company has been awarded an order with a volume of approximately EUR 17 million. The order comprises product deliveries and modernization measures for existing naval systems, with a project duration of approximately two years. Initial revenues from the order are expected to be recognized in the current financial year.

The order underscores Gabler Group’s position as a technology partner throughout the entire life cycle of modern naval platforms. In this capacity, the Company works closely with its customers on the further development and modernization of existing systems. This includes, for example, the further development of mast systems, the optimization of existing technologies, and modernization measures for marine platforms. Due to contractual confidentiality obligations, no further details regarding the customer or the specific project scope can be disclosed.

David Schirm, CEO of Gabler Group AG: “Our customers involve us in their projects at an early stage, thereby laying a strong foundation for long-term partnerships and future projects. It is precisely this close collaboration throughout the entire lifecycle of a platform that is an essential part of our business model.”

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler Group is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

Gabler Group Strengthens Position in Subsea Communication and Data with Contract Award from a European Navy

• Contract valued at approximately EUR 6 million for secure underwater communications and data transmission
• Further strengthens the Group’s position in the Subsea Communication & Data business area
• Project implementation to commence immediately following contract award
• Initial revenues expected to be recognized in fiscal year 2026

Lübeck (Germany), 23 June 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”) an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data, and Subsea Power, has secured a contract valued at approximately EUR 6 million through its subsidiary Develogic. The contract underscores Gabler’s strong market position in safety-critical communication and data systems for maritime applications, further strengthens the Subsea Communication & Data business area, and reflects the continued strong demand across the markets served by the Company. Project implementation will commence immediately following contract award, with initial revenues expected to be recognized in fiscal year 2026.

The contract comprises the delivery of an innovative solution for secure underwater communications as well as the collection, transmission, and processing of data in maritime operating environments. The objective is to expand the capabilities of existing platforms through the flexible integration of external systems and to unlock new applications for maritime and subsea operations.

David Schirm, CEO of Gabler Group AG, commented: “This contract highlights the growing importance of advanced communication and data systems for modern maritime and subsea operations. At the same time, it confirms our technological expertise in safety-critical applications. The renewed business from an existing customer strengthens our position in the Subsea Communication & Data business area and demonstrates the differentiation of our solutions.”

To address these requirements, Gabler’s subsidiary Develogic develops technologies for secure communications, connectivity, and data transmission for maritime and subsea applications. For example, additional sensors or external systems can be integrated into maritime operations, while the resulting data can be transmitted and processed reliably. The technology’s high resilience, modular architecture, and adaptability were key factors in the customer’s decision to award the contract to develogic once again.

The contract reflects the continued positive development of the markets addressed by Gabler Group. As of 31 March 2026, the Company reported an order backlog of approximately EUR 376.8 million and operates in markets driven by long-term investment programs in maritime security, critical infrastructure, and defense technologies.

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

Gabler Group AG publishes guidance for 2026 – Revenue expected between EUR 69 million and EUR 71 million and adjusted EBIT between EUR 17 million and EUR 19 million
 

• Q1 2026 in line with business plan expectations and provides high degree of confidence and visibility on guidance for financial year 2026
• Continued contract wins increase total order backlog to approximately EUR 376.8 million; additionally, the Company has high visibility on the near-term securing three further contracts, each with a combined double-digit EUR million volume
• Strong net liquidity position of EUR 37.9 million to support further growth
• Highest level of submarine mast replacements in recent years driving profitability in FY2026

Lübeck (Germany), 19 May 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, recorded an expected project-driven business performance in the first quarter of 2026, as is common in parts of the defense sector. Revenue recognition gains significant momentum over the course of the year, supported by a high visibility to generate revenue of more than EUR 24 million in the first six months FY2026. At the same time, the Company continues to see the market environment supported by long-term investments in maritime security and defense capabilities, the protection of critical underwater infrastructure, and the increasing demand for autonomous and networked underwater systems. Based on its project pipeline, high order backlog, and already planned revenue realizations, Gabler expects for the financial year 2026 revenue between EUR 69 million and EUR 71 million and adjusted EBIT between EUR 17 million and EUR 19 million, adjusted for IPO-related expenses and goodwill amortization.

Revenue amounted to EUR 5.5 million in the first quarter of 2026, which given the project-driven nature of the Company’s business model and the seasonal nature of the business, is fully in line with the Company’s expectations.

A key driver in fiscal year 2026 will be the global replacement cycle for conventional submarine mast systems. The current level of submarine mast replacements is at the highest level in recent years. The margin profile of this business provides strong confidence on delivering the stated adjusted EBIT guidance for 2026.

Total order backlog amounted to approximately EUR 376.8 million^[1] as of the end of the first quarter of 2026, representing further growth compared with the previous year (31 December 2025: EUR 358.7 million). It corresponds to more than five times the revenue expected for financial year 2026 and underlines the high visibility of the business model. The order backlog includes recent orders totaling EUR 20 million and EUR 17 million from naval forces, and EUR 10 million directly from a shipyard.

Gabler created additional operational capacity in the first quarter of 2026 to support the implementation of its expected growth. In its fastest-growing business segment, Subsea Power, the subsidiary SubCtech successfully completed the consolidation of its previously three locations into a new site specifically designed to meet future requirements, thereby tripling its floor space capacity. In its Submarine Systems business area, a new production site has been signed and will be brought into operation in the coming two years. In addition, Gabler selectively expanded its sales teams, with approximately 33% of the planned expansion already implemented; the Company has also hired approximately 40% of its planned R&D developer headcount. Gabler continues to expand its international market presence, with on-the-ground sales coverage now established in the United States and Canada expected to follow by the end of May 2026. With regard to acquisitions, Gabler is currently evaluating various opportunities, with a possible closing expected in financial year 2027.

A key Q1 2026 milestone was the successful first sea trial of the Ranger and Raider torpedo tube-launched unmanned surface vehicles. The Company successfully field tested the Ranger and Raider torpedo launched USVs, these subsea solutions are designed to deliver battlespace advantage, including abilities to launch, loiter, surface, observe and strike. The Ranger is designed primarily for ISR missions with the Raider for single use strike missions. The field tests were successful and the Company is currently close to securing an additional two contracts for these USVs.

The repayment of the long-term financial liabilities planned in connection with the IPO was fully completed by the end of March 2026. As a result, the Company now has a debt-free balance sheet and a strong net liquidity position of EUR 37.9 million to support its further growth.

Against this backdrop, the Company today announces its forecast for financial year 2026 for the first time and expects revenue between EUR 69 million and EUR 71 million and adjusted EBIT between EUR 17 million and EUR 19 million, adjusted for IPO-related expenses and goodwill amortization.

David Schirm, CEO of Gabler Group AG: “The IPO has been a catalyst for our business, crystallizing new opportunities and with higher global visibility driving a big uptick in the conversations we are having with existing as well as new customers. We are focused on creating additional operational capacities and further expanding our international sales structures to sustainably support this upsurge in growth in our core markets. These are exciting times for our business, and we are confident we will achieve our targets for financial year 2026 and beyond”.

Earnings Call:

Today at 16:30 (CEST), Gabler Group AG will host an earnings call for analysts and institutional investors. The corresponding investor presentation will be published in the Investor Relations section of the Company’s website prior to the event.

Registration for the earnings call is available via the following link:
Earnings Call – Q1 2026.

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

^[1] Total order backlog consists of a hard order backlog (contractually agreed and scheduled projects) of approximately EUR 89.7 million (31 December 2025: EUR 89.8 million) and a soft order backlog (framework agreements and project-related call-off volumes) of approximately EUR 287.0 million (31 December 2025: EUR 268.9 million)

Gabler Group AG Invites to Earnings Call on Unaudited Q1 2026 Results

Lübeck (Germany), 13 May 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, invites investors and analysts to an earnings call with the Management Board on 19 May 2026, at 16:30 CEST. During the call, CEO David Schirm and CSO Ole Johannsen will discuss the unaudited Q1 2026 results and provide an update on the current business development.

The publication of the unaudited Q1 2026 results will take place on 19 May 2026, before market open.

Registration for the earnings call is available via the following link:
Earnings Call – Q1 2026.

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
E-Mail: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area. Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Notification of the exercise of the greenshoe option and stabilisation measures pursuant to Article 5(4)(b), (5) and (6) of Regulation (EU) No. 596/2014 (“MAR”) of 16 April 2014 and pursuant to Article 8(f) and Article 6(3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016

Full Exercise of the Greenshoe Option

In connection with the public offering of shares of Gabler Group AG, Lübeck, Germany (ISIN: DE000A421RZ9; WKN: A421RZ; ticker symbol: XK4), the option granted by Possehl Mittelstandsbeteiligungen GmbH to Cantor Fitzgerald Ireland Limited to acquire up to 393,750 additional shares of Gabler Group AG at the offer price, to the extent that over-allotment shares were allocated to investors as part of the offering (so-called greenshoe option), was fully exercised by Cantor Fitzgerald Ireland Limited on 23 March 2026. Following the exercise of the greenshoe option, the stabilisation period has ended.

End of the Stabilisation Period

In connection with the public offering of shares of Gabler Group AG, Lübeck, Germany (ISIN: DE000A421RZ9; WKN: A421RZ; ticker symbol: XK4), Cantor Fitzgerald Ireland Limited acted as stabilisation manager. During the stabilisation period, which began on the first day of trading of the shares on the Open Market (Scale segment) of the Frankfurt Stock Exchange on 9 March 2026 and ended on 23 March 2026, Cantor Fitzgerald Ireland Limited did not carry out any stabilisation measures.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS RELEASE.

Gabler Group successfully lists on the Frankfurt Stock Exchange – Shares open 7.3% above the offer price and continue to rise

• First price: EUR 47.20 (offer price: EUR 44.00 per share)
• Current market capitalization of more than approx. EUR 290 million
• Free float of 49.9% (assuming full exercise of the greenshoe option)
• Placement of 3,018,750 shares, total placement volume of EUR 132.8 million (assuming full exercise of the greenshoe option)
• Trading commenced in the Scale segment of the Frankfurt Stock Exchange under ticker symbol “XK4”, ISIN DE000A421RZ9

Lubeck (Germany), March 9, 2026 – Gabler Group AG (ISIN: DE000A421RZ9 / Ticker: XK4, the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, has celebrated its debut today in the Scale segment (Open Market) of the Frankfurt Stock Exchange, setting course for a new chapter in the Company’s development.

Gabler’s shares started trading at a first price of EUR 47.20, representing an increase of 7.3% over the offer price of EUR 44.00 per share. With 6,050,000 shares outstanding, the current market capitalization is more than approx. EUR 290 million.

A total of 3,018,750 shares were placed in the course of the initial public offering. The offering comprised 1,050,000 newly issued shares from a capital increase, 1,575,000 existing shares from the holdings of Possehl Mittelstandsbeteiligungen GmbH (the “Selling Shareholder”), and 393,750 shares in connection with an over-allotment option (greenshoe). Assuming full exercise of this option, the total placement volume amounts to approximately EUR 132.8 million.

The net proceeds from the capital increase are intended in particular to strengthen the Company’s balance sheet, accelerate organic growth and support selected smaller acquisitions. In addition, the Company plans to invest in the expansion of its sales structures, additional production capacity as well as research and development in order to further strengthen its technological position in the growing market for underwater technologies, maritime security and autonomous underwater systems.

David Schirm, CEO of Gabler Group AG: “The IPO marks an important milestone for the Gabler Group. For decades, our technologies have been used in demanding maritime applications and must operate reliably under extreme conditions beneath the surface of the world’s oceans. Access to the capital markets enables us to further expand our technological capabilities in the underwater domain, strengthen our international sales structures and invest in research, development and production capacity. At the same time, we aim to further expand our position in the fast-growing areas of Subsea Communications & Data and Subsea Power and unlock new applications in autonomous subsea systems and maritime infrastructure.”

André Neumann, Chairman of the Supervisory Board of Gabler Group AG: “The Gabler Group operates in a market environment in which the strategic importance of the subsea domain is increasing worldwide. Issues such as maritime security, the protection of critical underwater infrastructure and the deployment of autonomous systems underwater are increasingly moving into focus for governments, navies and industry. With its technological expertise, long-standing experience in the demanding subsea environment and an established international customer base, the Gabler Group is well positioned to benefit from these developments. The IPO provides a solid foundation to consistently advance the Group’s strategic development and further expand its technological presence in the global underwater technology market.”

In connection with the offering, Cantor Fitzgerald Ireland Limited acted as Sole Global Coordinator and Joint Bookrunner. B. Metzler seel. Sohn & Co. Aktiengesellschaft acted as Joint Bookrunner.

Further information is available at www.gablergroup.com.

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
Email: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler is the leading European and one of the world’s largest suppliers of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area (source: Company information). Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

DISCLAIMER

This announcement is an advertisement for the purposes of regulation EU 2017/1129, as amended (the “Prospectus Regulation”). This announcement may not be, directly or indirectly, published, distributed or transmitted in or into the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This publication does not constitute an offer to purchase or subscribe for securities (the “Securities”) of Gabler Group AG (the “Company” or “Gabler”), nor does it constitute a solicitation to make such an offer. The Securities have already been sold. In particular, these materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States, Australia, Canada, Japan or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). There was and will be no public offering of the securities in the United States. The Securities of the Company have not been, and will not be, registered under the Securities Act. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

The offer was made solely by the means of, and on the basis of, a securities prospectus which was published already. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of the securities prospectus. The securities prospectus was published promptly upon approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) and is available free of charge on the Company’s website (www.gablergroup.com under the “IPO” category). The approval of the Prospectus by the BaFin should not be understood as an endorsement of the investment in any Securities in the Company. Investors should subscribe for or purchase shares solely on the basis of the Prospectus (including any supplements thereto) and should read the Prospectus (including any supplements thereto) before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. Investment in shares entails numerous risks, including a total loss of the initial investment, which will be described in the first chapter “Risk Factors” of the Prospectus.

In member states of the European Economic Area other than Germany, this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. In the United Kingdom, this announcement is only being distributed to and is only directed at persons who are “qualified investors” within the meaning of the Public Offers and Admissions to Trading Regulations 2024 who are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.), or (iii) persons to whom an invitation or inducement to engage in an investment activity (within the meaning of section 21 of the United Kingdom Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This announcement contains forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “plans,” “targets,” “aims,” “continues,” “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding Gabler’s intentions, beliefs or current expectations concerning, among other things, its prospects, growth, strategies and the industry in which Gabler operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. You are cautioned that forward-looking statements are not guarantees of future performance and events and that the development of Gabler’s prospects, growth, strategies and the industry in which Gabler operates as well as actual events may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if the development of Gabler’s prospects, growth, strategies and the industry in which it operates and future events are consistent with the forward-looking statements contained in this announcement, those developments may not be indicative of Gabler’s results, liquidity or financial position or of results or developments in subsequent periods not covered by this announcement. Each of the Company, the selling shareholder and the joint bookrunners expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

Each of Cantor Fitzgerald Ireland Limited and B. Metzler seel. Sohn & Co. Aktiengesellschaft (together, the “Banks”) is acting exclusively for the Company and the selling shareholder and no one else in connection with the planned offering of the Securities (the “Offering”) and will not be responsible to anyone other than the Company for providing the protections afforded to their respective customers or for providing advice in relation to any offering or any transaction or arrangement referred to herein. Each of the Banks and their respective affiliates expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

In connection with the planned Offering, the Banks and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of the Company and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references in the prospectus to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Banks and any of their affiliates acting as investors for their own accounts. In addition, certain of the Banks or their respective affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which such Banks (or their affiliates) may from time to time acquire, hold or dispose of the Company’s shares. The Banks do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

The Banks, and/or their respective affiliates or persons acting on their behalf have in the past engaged, and may in the future, from time to time, engage in commercial banking, investment banking, financial advisory and other activities and partnerships in the ordinary course of their business with Gabler and/or the selling shareholder or any parties related to or competing with any of them, in respect of which they have and may in the future, receive customary fees and commissions.

None of the Banks or any of their respective representatives accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this release or its accuracy, fairness or completeness. The expected date of the inclusion in trading of shares of the Company in the Open Market (Freiverkehr) of the Frankfurt Stock Exchange (Scale segment) (the “Inclusion”) may be influenced by things such as market conditions. There is no guarantee that Inclusion will occur and no financial decision should be based on the intentions of the Company in relation to Inclusion at this stage. Acquiring investments to which this release relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorised person specializing in advising on such investments. This release does not constitute a recommendation concerning the Offering. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS RELEASE.

Gabler Group AG announces price range and offer structure for planned initial public offering
 

• Price range for the planned initial public offering set between EUR 37.00 and EUR 47.00 per share
• Offering of up to 1,050,000 new shares from a capital increase, up to 1,575,000 existing shares from the holdings of the selling shareholder and up to 393,750 existing shares from the holdings of the selling shareholder in connection with an over-allotment option
• Free float of 49.9% following the IPO, assuming full exercise of the greenshoe option
• Offer period expected to commence on February 25, 2026 and to end on or about March 4, 2026
• First day of trading on the Scale of the Frankfurt Stock Exchange – an EU registered SME Growth Market – expected on or about March 9, 2026
• Targeted net proceeds of approximately EUR 41 million from newly issued shares to strengthen the balance sheet, accelerate organic growth and pursue selected smaller acquisitions

Lubeck (Germany), February 24, 2026 – Gabler Group AG (the “Company” or “Gabler”), an established developer and manufacturer of mission-critical subsea technologies in the business areas of Submarine Systems, Subsea Communications & Data and Subsea Power, has set the price range for its planned initial public offering (“IPO” or the “Offering”) at EUR 37.00 to EUR 47.00 per share. The final offer price will be determined through a bookbuilding process and is expected to be set on or about March 4, 2026.

The Offering comprises up to 1,050,000 new shares from a cash capital increase (the “New Shares”), up to 1,575,000 existing shares (the “Sale Shares”) from the holdings of Possehl Mittelstandsbeteiligungen GmbH (the “Selling Shareholder”), as well as up to 393,750 existing shares from the holdings of the Selling Shareholder in connection with an over-allotment option (the “Over-Allotment Shares”, and together with the New Shares and the Sale Shares, the “Offer Shares”). In total, up to 3,018,750 shares of the Company are expected to be placed as part of the Offering. Assuming placement of all Offer Shares (including exercise of the greenshoe option), this would correspond to an offer volume of between approximately EUR 112 million and EUR 142 million. The targeted post-money market capitalisation (at midpoint of price range) would be approximately EUR 254 million, with a free float of approximately 49.9%, enabling liquid trading in the Company’s shares.

David Schirm, CEO of Gabler: “We see an exceptionally attractive market environment for mission-critical underwater technologies. Rising defence spending, the protection of critical maritime infrastructure and the increasing relevance of autonomous underwater systems are driving sustained structural demand. With our leading position in Submarine Systems, dynamic growth in Subsea Communications & Data and Subsea Power, and our substantial order backlog, we have a strong operational foundation and clear visibility. As a listed company, we intend to further strengthen our innovation capabilities, expand our international footprint and consistently capitalise on the growth opportunities ahead.”

The targeted net proceeds of approximately EUR 41 million (at midpoint of price range) are intended to be used to strengthen the balance sheet, accelerate organic growth in particular by expanding sales capacities through investment in the sales network, sales structures and additional sales personnel as well as through investments in the expansion and ramp-up of production capacities and targeted investment in research and development, including related personnel, and for selected smaller acquisitions.

Further Details of the Offering

Full details of the Offering will be set out in the securities prospectus, which is expected to be approved today by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “BaFin”) and subsequently published on the Company’s website at www.gablergroup.com under the section “IPO”.

Subject to the approval of the prospectus, the offer period is expected to commence on February 25, 2026, and to end on or about March 4, 2026, at 12:00 noon (CET) for retail investors and 16:00 (CET) for institutional investors. Retail investors are expected to be able to submit purchase orders for the public offering in Germany via the DirectPlace® subscription functionality of the Frankfurt Stock Exchange from February 27, 2026. The final offer price and the final number of shares to be sold in the IPO will be determined through a bookbuilding process and are expected to be set on or about March 4, 2026, and announced in a separate publication. The first trading day of the shares is scheduled for March 9, 2026. Delivery of the allocated shares is expected on or about March 10, 2026.

The lock-up period for the Company and the selling shareholder is 12 months, subject to customary exceptions. During the final six months of the lock-up period, this may be waived early by the Sole Global Coordinator.

The shares of Gabler Group AG are intended to be listed under the ticker symbol “XK4” and ISIN DE000A421RZ9 in the Scale segment of the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.

In connection with the Offering, Cantor Fitzgerald Ireland Limited is acting as Sole Global Coordinator and Joint Bookrunner. B. Metzler seel. Sohn & Co. Aktiengesellschaft is acting as Joint Bookrunner.

Further information is available at www.gablergroup.com.

INVESTOR RELATIONS CONTACT:

Patrick Jacobs
VP Investor Relations
Email: IR@gablergroup.com

ABOUT GABLER GROUP

Founded in 1962, the Gabler Group, headquartered in Lubeck, Germany, is an established developer and manufacturer of mission-critical subsea solutions generating the vast majority of its net sales from defense and defense-related solutions. Gabler is the leading European and top two global supplier of mission-critical hoistable masts and associated control systems in terms of volume to conventional submarines in the Submarine Systems business area (source: Company information). Gabler Group is a trusted partner to over 250 worldwide customers including 25 Navies and employs approximately 240 people.

DISCLAIMER

This announcement is an advertisement for the purposes of regulation EU 2017/1129, as amended (the “Prospectus Regulation”). This announcement may not be, directly or indirectly, published, distributed or transmitted in or into the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities”) of Gabler Group AG (the “Company” or “Gabler”) in the United States, Australia, Canada, Japan or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). There will be no public offering of the securities in the United States. The Securities of the Company have not been, and will not be, registered under the Securities Act. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

This announcement constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by the means of, and on the basis of, a securities prospectus which is yet to be published. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of the securities prospectus. The securities prospectus will be published promptly upon approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) and will be available free of charge on the Company’s website (www.gablergroup.com under the “IPO” category). The approval of the Prospectus by the BaFin should not be understood as an endorsement of the investment in any Securities in the Company. Investors should subscribe for or purchase shares solely on the basis of the Prospectus (including any supplements thereto) and should read the Prospectus (including any supplements thereto) before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. Investment in shares entails numerous risks, including a total loss of the initial investment, which will be described in the first chapter “Risk Factors” of the Prospectus.

In member states of the European Economic Area other than Germany, this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. In the United Kingdom, this announcement is only being distributed to and is only directed at persons who are “qualified investors” within the meaning of the Public Offers and Admissions to Trading Regulations 2024 who are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.), or (iii) persons to whom an invitation or inducement to engage in an investment activity (within the meaning of section 21 of the United Kingdom Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This announcement contains forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “plans,” “targets,” “aims,” “continues,” “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding Gabler’s intentions, beliefs or current expectations concerning, among other things, its prospects, growth, strategies and the industry in which Gabler operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. You are cautioned that forward-looking statements are not guarantees of future performance and events and that the development of Gabler’s prospects, growth, strategies and the industry in which Gabler operates as well as actual events may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if the development of Gabler’s prospects, growth, strategies and the industry in which it operates and future events are consistent with the forward-looking statements contained in this announcement, those developments may not be indicative of Gabler’s results, liquidity or financial position or of results or developments in subsequent periods not covered by this announcement. Growth rates shown in this announcement are not necessarily indicative of future performance. Each of the Company, the selling shareholder and the joint bookrunners expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

The information contained in this announcement does not purport to be comprehensive and has not been subject to any independent audit or review. This announcement includes financial information based on the financial statements from Gabler Group which are prepared in accordance with generally accepted accounting principles of the German Commercial Code (“German GAAP”). This announcement also contains certain unaudited pro-forma financial information for the fiscal year ended December 31, 2025. Such pro-forma financial information is for illustrative purposes only and, by its nature, addresses a hypothetical situation and does not represent the actual financial position or results that would have occurred had the events or transactions described therein actually occurred at the dates indicated. You should not place undue reliance on such pro-forma financial information. Financial statements prepared under German GAAP may differ in certain material aspects, including the methodologies used to interpret underlying financial reporting as they relate to revenue recognition, from those financial reporting standards used under International Financial Reporting Standards. Certain measures of operating and financial data included in this announcement have not been calculated in accordance with German GAAP or any other generally accepted accounting principles and are therefore considered “non-GAAP financial measures”. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with German GAAP. You are cautioned not to place undue reliance on any non-GAAP financial measures and ratios included herein. Certain financial information in this announcement (including percentages) has been rounded according to established commercial standards.

Each of Cantor Fitzgerald Ireland Limited and B. Metzler seel. Sohn & Co. Aktiengesellschaft (together, the “Banks”) is acting exclusively for the Company and the selling shareholder and no one else in connection with the planned offering of the Securities (the “Offering”) and will not be responsible to anyone other than the Company for providing the protections afforded to their respective customers or for providing advice in relation to any offering or any transaction or arrangement referred to herein. Each of the Banks and their respective affiliates expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

In connection with the planned Offering, the Banks and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of the Company and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities and other securities of the Company or related investments in connection with the planned Offering or otherwise. Accordingly, references in the prospectus, once published, to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Banks and any of their affiliates acting as investors for their own accounts. In addition, certain of the Banks or their respective affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which such Banks (or their affiliates) may from time to time acquire, hold or dispose of the Company’s shares. The Banks do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

The Banks, and/or their respective affiliates or persons acting on their behalf have in the past engaged, and may in the future, from time to time, engage in commercial banking, investment banking, financial advisory and other activities and partnerships in the ordinary course of their business with Gabler and/or the selling shareholder or any parties related to or competing with any of them, in respect of which they have and may in the future, receive customary fees and commissions.

None of the Banks or any of their respective representatives accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The information contained in this release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this release or its accuracy, fairness or completeness. The expected date of the inclusion in trading of shares of the Company in the Open Market (Freiverkehr) of the Frankfurt Stock Exchange (Scale segment) (the “Inclusion”) may be influenced by things such as market conditions. There is no guarantee that Inclusion will occur and no financial decision should be based on the intentions of the Company in relation to Inclusion at this stage. Acquiring investments to which this release relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorised person specializing in advising on such investments. This release does not constitute a recommendation concerning the Offering. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned.

In connection with the offering of the shares in the Company, Cantor Fitzgerald Ireland Limited will act as stabilization manager (the “Stabilization Manager”) and may, as Stabilization Manager, make overallotments and take stabilization measures in accordance with Article 5(4) and (5) of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse in conjunction with Articles 5 through 8 of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016. Stabilization measures aim at supporting the market price of the shares of the Company during the stabilization period, such period starting on the date the Company’s shares commence trading on the open market (Scale) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), expected to be March 9, 2026, and ending no later than 30 calendar days thereafter (the “Stabilization Period”). Stabilization transactions may result in a market price that is higher than would otherwise prevail. However, the Stabilization Manager is under no obligation to take any stabilization measures. Therefore, stabilization may not necessarily occur and it may cease at any time. Stabilization measures may be effected on any stock market, over-the-counter market, stock exchange or otherwise.

In connection with such stabilization measures, investors may be allocated additional shares of the Company of up to 15% of the New Shares and the Sale Shares to be offered in the IPO (the “Over-Allotment Shares”). The selling shareholder has granted the Stabilization Manager an option to acquire a number of shares in the Company equal to the number of Over-Allotment Shares at the offer price, less agreed commissions (so-called Greenshoe option). To the extent Over-Allotment Shares were allocated to investors in the IPO, the Stabilization Manager, is entitled to exercise this option during the Stabilization Period, even if such exercise follows any sale of shares by the Stabilization Manager which the Stabilization Manager had previously acquired as part of any stabilization measures (so-called refreshing the shoe).