The operating margin increased to 12.2% from 7.2%, with every business area reporting higher sales and profit. Operating profit was €48.2 million in the corresponding period of 2025.
New orders fell slightly to €871.9 million from €882.1 million, with the earlier period including a substantial Danish vehicle order. The backlog remained broadly stable at €3.523 billion, compared with €3.526 billion at the end of 2025.
Patria said orders received during the first nine months broadly matched deliveries. Defence and Weapon Systems recorded strong order intake in the third quarter.
The company has directed a significant share of its operational work towards increasing armoured vehicle and weapons production capacity. It is continuing investment and internal development programmes intended to improve delivery capability, profitability and competitiveness.
Finland and Sweden made their first procurements of Patria’s TRACKX tracked vehicles on 30 September, with deliveries intended to begin in 2027. A separate agreement between Finland, Norway and Latvia covers sharing development information and trial results, alongside exploring joint procurement and development.
Patria also expanded cooperation with KNDS Deutschland on the CAVS 6×6 programme, including assembly and final integration in Germany for the German Armed Forces. In August, it signed a letter of intent with Ukrainian manufacturer General Cherry to cooperate and establish drone production in Finland.
Nammo contributed more to third-quarter operating profit than a year earlier. Millog’s nine-month result declined because of a second-quarter change in revenue recognition, although its third-quarter result improved.
Patria said higher defence spending among European NATO countries and EU procurement and development initiatives were supporting demand. It maintained a positive outlook but cautioned that geopolitical conditions and economic uncertainty could have significant longer-term effects on demand and operations.
