Patria posts significant revenue and profit growth for first nine months of 2026
Defense contractor Patria reported a 40% surge in net sales to 933.5 million euros as operating profit more than doubled year-on-year.
Patria recorded strong growth across all business units during the first nine months of 2026. Net sales reached 933.5 million euros, up from 669.2 million in the same period of 2025. Operating profit saw a significant increase, rising to 113.9 million euros compared to 48.2 million in the previous year, with the operating margin expanding to 12.2%.
New order intake for the period totaled 871.9 million euros. While this represents a slight decline compared to the previous year—which included a major vehicle contract from Denmark—the total order backlog remains robust at 3.52 billion euros. The company is currently directing significant investment into expanding production capacity for armored vehicles and weapon systems to meet growing global demand.
Strategic developments in the third quarter included the signing of a Statement of Intent with Finland, Norway, and Latvia to collaborate on the Patria TRACKX armored vehicle. Furthermore, the company announced a partnership with Ukrainian drone manufacturer General Cherry to initiate domestic drone production in Finland.
As of September 30, 2026, Patria employed 4,378 full-time equivalent staff. The group's financial position strengthened, with the equity ratio reaching 38.9%.