Overview

• Indra reported a €215 million net profit for the first half of 2025, up 87.7% year-on-year thanks to operational improvements and the revaluation of its 51% stake in Tess Defence.
• First-half revenues climbed 6% to €2.45 billion as all divisions grew, led by a 25% jump in air traffic management and a 16% gain in defence.
• The order backlog expanded 32.5% to €9.474 billion, including €1.449 billion from the Tess Defence consolidation and a 12% rise on an excl-Tess basis.
• Net debt reached €4 million at June 30, reversing last year’s cash position, as Indra reshuffled its board after Ángeles Santamaría’s departure and works to appoint an independent committee for the Escribano merger.
• CEO José Vicente de los Mozos said Indra will unveil next week’s deal to acquire a company with a new technology, complete the €3.6 million purchase of Duro Felguera’s Gijón plant to boost armoured vehicle production and pursue its 5,000-hire target.