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Indra Lifts 2026 Targets After Beating 2025, Announces €0.30 Dividend

A defence-heavy backlog plus the Hispasat purchase underpins Indra’s larger 2026 targets.

Overview

  • 2025 revenue rose 13% to €5.457 billion, with BAII margin improving to 9.5% and reaching 10.8% in Q4.
  • Total backlog hit €16.083 billion, including €11.336 billion in defence, surpassing the company’s 2026 goal for that segment.
  • For 2026, the company guided to more than €7 billion of revenue in local currency, BAII above €700 million, and free cash flow above €375 million.
  • Indra closed the purchase of 89.68% of Hispasat and announced the sale of its BPO unit, with net debt at €583 million at year-end due largely to the space transaction.
  • The board proposed a €0.30 per share dividend payable on 9 July 2026, more than 20% higher than last year’s payout.