- Operating profit (EBITDA) increased by 19.6% compared to 2024, reaching €46.3 million. More than half of EBITDA comes from the Defence and National Security business
- The Group’s EBITDA margin stands at 16.4%, improving by more than 7 percentage points compared to the previous year
- The order backlog continues to grow and now exceeds €695 million, 28.7% higher than at the end of 2024
- Revenues reached €282 million, 32.8% lower than in 2024 due to the divestment of the Industrial Services business, but growing 1.4% on a comparable perimeter and with a significant increase in Defence and National Security
- The company’s financial and capital structure has been strengthened while banking relationships have been normalized
- The company’s leverage ratio decreased to 1.8x Net Financial Debt to annualized EBITDA
Madrid, February 27, 2026. — Amper Group closed the 2025 financial year exceeding the targets set in its 2023-2026 Strategic and Transformation Plan across all key metrics (Order Backlog, Revenues, EBITDA, EBITDA Margin % and leverage ratio).
The 2025 results are above the annual profitability targets communicated by the company, reaching €46.3 million in EBITDA (target was €41 million) and an EBITDA margin of 16.4% (target 11.1%).
These improvements are the result of the focus on high value-added projects and services supported by proprietary technology, operational efficiency and cost-adjustment measures, as well as the divestment of the Industrial Services business, which had high volume (more than €180 million annually) but low percentage profitability.
The executable backlog amounts to €695 million, maintaining an upward trend and exceeding the 2024 closing figure (€540 million) by 28.7%, providing confidence and visibility regarding the company’s future revenues.
EBIT grew by 7% compared to 2024, and net income reached a positive €1.2 million.
The year 2025 was a key year for strengthening the company’s financial and capital structure. As part of the long-term debt consolidation process, the issuance of the €75 million Sustainability-Linked Bond Program was completed, complemented by the evolution of the Commercial Paper Program in MARF towards longer maturities with institutional investors, resulting in working capital exceeding €100 million. A capital increase of €77.2 million was carried out to support inorganic growth in the Defence and National Security sector, closed with 4.5x oversubscription, and COFIDES acquired a 25% stake in Elinsa through a €41.2 million capital increase. Positive operating cash flow generation also continued. All of this allowed the leverage ratio (Net Financial Debt / EBITDA) to reach 1.8x, 1.1x lower than in 2024.
During 2025, the Group continued strengthening the development of its two Business Units:
- The blackout experienced in Spain in April 2025 triggered the consideration of dual-use Energy Management and Storage as strategic capabilities for National Security, giving Amper a unique positioning as a listed Spanish technology company focused on Defence and National Security with Energy Management and Storage capabilities. Relevant contracts were signed in Spain, Latin America, the Middle East and Africa based on proprietary technology, increasing revenues by 43% compared to 2024, meaning that more than half of the company’s EBITDA already comes from this Business Unit.
- In the Energy and Sustainability Business Unit, significant contracts were signed in the electrical distribution sector in Brazil, and the planned organic and inorganic investments were carried out to consolidate a strong market position with sufficient industrial capacity.
According to Enrique López, CEO of Amper Group:
“In 2025 all the action pillars of our 2023-2026 Strategic and Transformation Plan were consolidated, improving the targets set in the key management parameters (Backlog, EBITDA, EBITDA % and Leverage Ratio). The company has also achieved a unique positioning as a listed Spanish technology company focused on Defence and National Security with dual-use management and storage capabilities. All the work carried out will allow us in 2026 to take the final major step of our plan, with the closing of the planned inorganic growth operations in Defence and National Security.”