Patria reports significant revenue and profit growth for first nine months of 2026
Defense group Patria saw its revenue rise to €933.5 million and operating profit more than double to €113.9 million during the first three quarters of 2026.
Patria continued to see strong growth throughout the third quarter of 2026. For the period from January to September, the group's revenue grew by 40% year-on-year to reach €933.5 million. The company's profitability saw a notable improvement, with operating profit rising to €113.9 million from €48.2 million, resulting in an operating margin of 12.2%.
New orders for the nine-month period totaled €871.9 million, slightly lower than the same period in 2025, which included a major vehicle contract from Denmark. Despite this, the order backlog remains substantial at €3.5 billion. The company has directed significant investment into expanding production capacity to meet rising demand for armored vehicles and weapon systems.
In September, Patria launched a new strategy program to guide long-term operations and management culture. Recent operational highlights include a development partnership for the TRACKX tracked vehicle program with Finland, Norway, and Latvia, and a letter of intent for drone production with General Cherry. Furthermore, Patria successfully showcased remote-operation capabilities for its armored vehicles using 5G technology.