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Indra Sistemas
Indra Sistemas (IDR) investor relations material
Indra Sistemas Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary15 Dec, 2025
Strategic vision and market environment
Aims to be a leading Spanish multinational in Defence, Aerospace, and Advanced Digital Technologies, with a focus on global expansion and technological leadership.
Seven strategic lines include focus on Defence & Aerospace, creation of a Space NewCo, Minsait autonomy, international expansion, portfolio rotation, increased R&D, and talent acquisition.
Defence market expected to grow 4-5% CAGR globally and 11-12% CAGR in Spain through 2030; digital tech market to grow 15-20% CAGR.
Significant investments in R&D (€3.1B until 2030) and industrial footprint expansion, including new facilities and increased hiring.
ESG leadership recognized by top global indexes, with strong climate and talent commitments.
Financial performance and projections
2024 revenues reached €4.8B, EBITDA €545M (11.3% margin), and EBIT €438M (9.0% margin).
9M25 results: revenues €4,449M (+20.2%), EBITDA margin 11.2%, net income €291M (+57.9%), and net debt €114M (0.2x EBITDA).
2026 targets: revenues >€6B, EBITDA >€750M (>12% margin), EBIT >€600M (10% margin), and cumulative FCF €0.9B for 2024-2026.
2030 ambition: €10B revenues, >14% EBITDA margin, and >€3B cumulative FCF for 2024-2030.
Capital allocation prioritizes Defence & Aerospace M&A, technology investment, and maintaining low leverage (net debt/EBITDA ~1.0x).
Business segment highlights
Defence: 2024 revenues €1,031M (+26.2%), 9M25 backlog €4,745M (+59.5%), and EBIT margin 17.0%.
Air Traffic Management: 2024 revenues €468M (+29.6%), 9M25 order intake €1,137M (+35.4%), and EBIT margin 12.4%.
Minsait: 2024 revenues €2,982M (+6.6%), 9M25 backlog €2,654M (+14.7%), and EBIT margin 6.0%.
Mobility: 2024 revenues €362M, 9M25 backlog €976M (+5.9%), and EBIT margin 3.7%.
Space: Creation of Indra Space NewCo, integrating Hispasat and Hisdesat, targeting €1B+ revenue by 2030.
Impact of PEM programs on 2026 A&D EBITDA mix?
How will IndraMind's civil-military mix evolve by 2030?
What is the dividend policy given early 2026 targets?
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Next Indra Sistemas earnings date
Q4 202526 Feb, 2026
Indra Sistemas
Next Indra Sistemas earnings date
Q4 202526 Feb, 2026
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Frequently asked questions
Indra Sistemas S.A. provides technology and consulting services in defense, transportation, air traffic management, energy, and financial services. The company develops systems integration, IT solutions, and digital transformation services for public and private sector clients. It is headquartered in Madrid, Spain, and its shares are listed on the BME.
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