Indra's profit jumps on defence growth, mobility contracts and space consolidation

Indra Sistemas SA

30/04/2026 08:13

April 30 (Reuters) - Indra's IDR.MC quarterly profit surged 28% on the strength of its defence business, new mobility contracts and acquisition-led growth in the space unit, the Spanish defence and technology firm said on Thursday.

Indra, which is partly owned by the Spanish state, has taken on a bigger role in the defence sector after NATO member Spain pledged to lift defence spending to 2% of gross domestic product.

Net profit grew 28.4% from a year ago to 76 million euros ($89 million) in the first quarter

Revenue rose 14.6%, while order backlog grew 154% on a reported basis to 20.33 million euros

That was mainly driven by the defence business and the consolidation of Hispasat and Hisdesat into the space unit

Net order intake soared 55.8%, buoyed by contracts to manage the London transport network and the railway systems in Saudi Arabia

In the defence arm, orders grew 42.8% to 493 million euros, led by simulation systems, special modernisation programmes and major defence projects including FCAS and Eurofighter

"The first-quarter results reaffirm our commitment to the full-year guidance" - CEO José Vicente de los Mozos

($1 = 0.8571 euros)

(Reporting by Gemma Guasch and Mireia Merino, editing by Milla Nissi-Prussak)

((Gemma.Guasch@thomsonreuters.com , Mireia.Merino@thomsonreuters.com))