NRD Cyber Security, which is also owned by NRD Bangladesh, had consolidated sales of 7.411 million euros in 2023, an increase of 21.9% compared to 2022. Last year's operating profit increased by 77.1% to 990,000 euros, and EBITDA increased by 74.3% to 1,140,000 euros.
According to NRD Cybersecurity Director Bilius Benesis, the company's growth is driven by its strong capabilities in automating work and developing specialized tools, as well as establishing and modernizing its cybersecurity team with a focus on international collaboration. That's what it means. With activities in more than 50 countries and active participation in the Lithuanian and international cybersecurity community, the company's experts are able to offer high competencies based on international standards and best practices.
NRD Cybersecurity's sales revenue from overseas markets in 2023 amounted to 2.37 million euros, an increase of 78% compared to the previous year's sales revenue of 1.33 million euros from international customers. This is due to a significant increase in the number of projects aimed at strengthening national cyber resilience. The organization's experts say he has assembled national cybersecurity teams in more than 30 countries, helped develop national cybersecurity strategies, and implemented other cyber resilience-building activities. Clients include the Central Bank of Egypt, the Ministry of Economy of Kosovo, the European Investment Bank, and the European Union Cybersecurity Agency (ENISA).
In addition to building and modernizing its cybersecurity team, the company operates as an MSSP and offers such services under the CyberSOC name. NRD Cyber Security will further strengthen Lithuania's leading position in the market for these services in 2023 by launching his 24/7 Cyber SOC service option. Our services are provided by real analysts 24 hours a day, allowing us to differentiate ourselves in the market. Last year, CyberSOC services were also launched overseas, providing centralized monitoring and prevention of cybersecurity incidents at the Central Bank of Botswana.
The organization's unique cybersecurity tools, Natrix, a centralized threat monitoring platform, and CyberSet, a toolkit that automates services provided by cybersecurity teams, are gaining recognition in the global market. Masu. In 2023, both tools were introduced to Malta's national cybersecurity team CSIRTMalta. Natrix has also been deployed to the CSIRT of Egypt's financial sector EG-FinCIRT, and CyberSet is now available to cybersecurity teams in the Bahamas, Trinidad and Tobago, Barbados, and other countries to begin offering the service.
About NRD Cyber Security
NRD Cyber Security provides cybersecurity solutions, consulting, and other services. The company aims to create secure digital environments for countries, governments and businesses and is working on a wide range of projects around the world. The company is managed by INVL Technology, an IT investment company listed on Nasdaq Vilnius.
Persons authorized to provide additional information:
INVL Technology Managing Partner
Casimieras Tonkunas
Email k. Tonkunas@invltechnology.lt
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NRD CS_FY2023 annual results
