- The order book stands at €572.1 million, up 43.2% on the first half of 2024
- Sales amounted to €167.6 million, up 17.1% on a comparable basis, excluding the effect of divestments made in 2024 in businesses considered non-strategic
- Operating profit (EBITDA) grew by 32.8% to €16.2 million
- The Group’s EBITDA margin stood at 9.7%, improving by 3.7 percentage points compared to the same period last year
- The company’s leverage ratio fell to 2.4 times annualised EBITDA
- The company maintains its targets for the end of 2025, with sales of €370 million and EBITDA of €41 million
Madrid, 31 th July 2025- The Amper Group closed the first half of 2025 with sales of 167.6 million euros, in line with its target of 370 million euros in organic sales for 2025, as set out in its 2023-2026 Strategic Plan.
The order book stands at €572.1 million, maintaining an upward trend and exceeding by 43.2% the figure for the first half of 2024 (€399.6 million). The volume and maturity of commercial opportunities under management point to an order book of over €600 million by the end of the year, in line with the target set, which also provides confidence and visibility regarding the company’s future revenues.
The Group’s gross operating profit (EBITDA) was also in line with projections, recording growth of 32.8% compared to the previous year and reaching 16.2 million euros, which will enable it to reach the 41 million euros forecast for the end of the year.
The EBITDA margin stood at 9.7%, 3.7 percentage points higher than in the same period last year, and is already very close to exceeding double digits in order to reach the target of 11% by the end of 2025 for the organic business.
These improvements are the result of operational efficiency measures, cost management, and a commercial focus on higher-margin and value-added projects, as well as the contribution to improved profitability made by divestments, which were high-volume but low-margin businesses.
EBIT grew by 16.7% compared to the first half of 2024, and profit after tax reached 4.3 million euros, more than 8 million higher than the previous year.
In terms of debt, the net financial debt to annualised EBITDA ratio continues to decline following the recent capital increase, to 2.4x currently, which is 0.7x less than the ratio at the end of 2024.
These indicators reflect the solid financial discipline established by the Strategic Plan, to which the success of the aforementioned capital increase of €77.2 million has contributed. This capital increase was intended to acquire companies with critical technological capabilities in the defence sector and was oversubscribed by 4.46 times by shareholders and investors, reaching €340 million, supporting the company’s management and strategy.
During the first half of the year, the Group continued to strengthen the development of its two business units, Defence, Security and Communications, and Energy and Sustainability, which now have an equal weight (50%) in the company’s EBITDA.
The Defence, Security and Communications Business Unit achieved an order book of £146.4 million (26% of the total order book), sales of £45.8 million and EBITDA of £8.1 million. This year, the company has consolidated its position as a defence technology company with a clear and credible strategy, achieving significant milestones such as the agreements signed with Thales and Airbus at the FEINDEF trade fair, where Amper played a leading role. Contracts continue to be signed for Amper’s proprietary technology, such as IMSI Catchers embedded in drones for the UME (Spanish Military Unit), aeronautical communications for the Army’s Air Mobile Forces, and other international contracts with great potential, such as the recent agreement with the Peruvian Ministry of the Interior to improve the operational capacity of its National Police through an artificial intelligence-based video surveillance platform. Talks are also continuing with all the parties involved with a view to implementing the inorganic growth operations set out in the Strategic Plan.
For its part, the Energy and Sustainability Business Unit closed June with a portfolio of €425.7 million (74% of the total portfolio), sales of €121.8 million and EBITDA of €8.1 million. The blackout in Spain last April has accelerated the perception and positioning of Amper’s capabilities in electricity management and storage as relevant for national security and dual use (civil and military). In addition, the contract signed with Guinea Conakry for the electrification of rural areas opens up a new business line with great potential in deployable energy systems for civil and military use.
These half-year results therefore demonstrate sustained financial improvement, operational efficiency and growing profitability in the business, a return to positive net profits and the achievement of the objectives set, reaffirming Amper’s position as one of only two companies listed on the Spanish stock market with a focus on Defence.