Israel's Elbit Systems 2025 profit jumps on Gaza war demand

Elbit Systems

17/03/2026 10:03

TEL AVIV, March 17 (Reuters) - Elbit Systems ESLT.TA, Israel's largest defence firm, reported a sharp rise in 2025 profit, boosted by strong demand from the military during the Gaza war, and hinted at further gains from the U.S.-Israeli war on Iran.

Elbit ESLT.O said on Tuesday it earned $12.75 per diluted share, excluding one-time items, last year, up from $8.76 in 2024. Revenue rose 16% to $7.9 billion.

In the fourth quarter alone, it earned an adjusted $3.56 per diluted share, versus $2.66 a year earlier. Revenue rose 11% to $2.1 billion, the first time quarterly revenue has crossed the $2 billion mark.

Elbit's order backlog rose to $28.1 billion at the end of 2025 from $22.6 billion in 2024, with 72% attributable to orders outside Israel and more than half slated to be performed in 2026 and 2027.

Since the start of the Gaza war in October 2023, Elbit has experienced a "continued material increase in the demand for its products and solutions" from the Israeli military, it said.

"Elbit Systems and its employees are playing a key role in providing the Israel Defence Ministry and the IDF capabilities during the Operation Roaring Lion and will continue to serve as a strategic partner to its global customers," Elbit said, referring to Israel's air strikes against Iran that began on February 28.

     The company said it will pay a quarterly dividend of $1.00 per share.

(Reporting by Steven Scheer, editing by Andrei Khalip)

((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: X: @StevenMScheer))