Operating profit also rose during the period, reaching EUR 48.2 million. Patria’s order stock hit a record high of EUR 2.6 billion by the end of the third quarter.
Key developments included Denmark’s order of 129 Patria 6×6 vehicles under the CAVS programme and the addition of the United Kingdom and Norway as new members, raising the total number of participating countries to seven. The comparison period in 2024 had included a major order from Sweden for 321 CAVS vehicles.
In September, Patria delivered the first AMV XP 8×8 armoured vehicle to the Japan Ground Self-Defense Force under the WAPC programme, with Japan Steel Works as supplier. The company also signed a cooperation agreement with Babcock International Group for manufacturing 6×6 vehicles in the UK.
The company unveiled the Patria TRACKX tracked vehicle at the DSEI UK event in London, designed to perform in demanding conditions and scheduled for serial production in 2027. Patria completed the acquisition of ILIAS Solutions on 1 September 2025 and signed a deal in August to supply composite assemblies for the new Airbus A350F aircraft.
Patria has increased investments to boost production capacity and launched an internal development programme to support future growth. A new operating model, structured around three business areas – Protected Mobility, Defence and Weapon Systems, and Sustainment Solutions – took effect on 1 June 2025 and continued smooth implementation in Q3.
Millog contributed positively to net sales and operating profit, while Nammo positively impacted operating profit in the first half of the year. Interest in Patria’s solutions has grown amid rising defence budgets and geopolitical developments.
Net sales are expected to continue growing strongly in 2025, driven largely by the armoured vehicle business. Patria stated that, “The operations will have full focus on securing customer deliveries and speeding-up capacity increase to meet the accelerating growth in demand.”
While demand remains high, Patria noted that the geopolitical situation and wider economic uncertainty could impact long-term development. The company emphasised that these factors may have “significant direct and indirect impacts on the demand and Patria’s operations.”
