Orders totalled €8.085 billion in January–September, with third-quarter intake rising 139% year-on-year, mainly because of IRIS² contracts in the Space division. Group revenues increased 29% over the nine months, with every division reporting growth and Air Traffic revenues rising 23%.
In August, the SpaceRISE consortium concluded negotiations with the European Commission and European Space Agency for the development of IRIS². The consortium comprises Eutelsat, SES and Hispasat, in which Indra holds a majority stake.
Hispasat will act as prime contractor for the ground infrastructure and help develop the system’s very-low-Earth-orbit layer. IRIS² is due to enter service in 2030, giving Indra a role in a programme intended to strengthen Europe’s secure communications and technological sovereignty.
Nine-month EBITDA rose 62% and EBIT increased 42% from a year earlier. The EBIT margin widened to 9.8% from 8.8%, while net profit grew 22% to €355 million.
Free cash flow reached €1.692 billion, compared with €57 million in the first nine months of 2025. Indra maintained its full-year targets of revenue above €7 billion in local currency, EBIT exceeding €700 million and free cash flow of more than €375 million.
During the quarter, Indra announced an agreement to acquire 30% of cybersecurity company TRC to complement its IndraMind offering. It also announced the acquisition of Dares Technology within Defence and the purchase of an industrial plant in As Pontes, Galicia.
The board approved a management restructuring on 29 September, appointing Juan Ramón Hernández as general manager of Defence and Space and Frank Torres as general manager of Operations. The changes also bring international activities into the business units, merge Air Traffic with Mobility, and establish a Strategy, Technology and Product management function.
