- EBITDA reached €24.8 million, up 52.8% compared to the first half of 2025, representing an EBITDA margin of 19.7%, ten percentage points higher than in the same period of the previous year.
- Order backlog increased to €676.2 million, up 18.2% compared to the first half of 2025, providing strong visibility over future business performance.
- Revenue amounted to €126 million, in line with the Company’s plan following the divestment of the Industrial Services businesses and the planned reduction in Offshore activities. Excluding these effects, organic growth exceeded 25%.
- The first-half results confirm the success of the Group’s transformation towards higher value-added proprietary technology businesses, maintaining the objectives established for 2026.
- Both Business Units — Defense and National Security, and Energy and Sustainability — continued to deliver solid performance in both order intake and activity, further strengthening the Group’s strategic positioning.
Madrid, July 31, 2026 – Amper Group closed the first half of 2026 with results that reflect the successful consolidation of its transformation strategy and the expected progress under its 2026–2028 Strategic Plan, presented during the Capital Markets Day held at the end of April. The Company continues to deliver solid operational performance, significantly improve profitability and strengthen the quality of its business portfolio, remaining fully aligned with its budgetary objectives for the year.
The Group generated revenue of €126 million, compared to €167.6 million in the same period of the previous year. This evolution reflects the disposal of the Industrial Services businesses during 2025, as part of the strategy to focus on higher-margin technology businesses in its target markets, together with the planned reduction of Offshore activity. Excluding both effects, the business achieved organic growth of more than 25%, confirming the strong commercial and operational performance of the Group’s strategic activities.
EBITDA reached €24.8 million, representing an increase of 52.8% compared to the first half of 2025, while the EBITDA margin improved to 19.7%, an increase of 10 percentage points versus the same period of the previous year. This performance reflects the structural shift in the Group’s business mix, with a greater contribution from the Defence and National Security activities, as well as the impact of operational efficiency measures, cost optimization and a stronger commercial focus on higher-margin, value-added projects.
EBIT increased by 120% compared to the first half of 2025, while profit after tax amounted to €1 million, which is €3.3 million lower than in the same period of 2025 due to the €7.1 million capital gain generated by the disposal of the Industrial Services businesses during that period. Excluding this one-off effect, profit after tax would have been €3.8 million higher than in the first half of 2025.
The order backlog reached €676.2 million, an increase of 18.2% compared to the first half of 2025. The quality, volume and maturity of the commercial opportunities currently under management support the objective of closing the year with an order backlog exceeding €800 million, reinforcing revenue visibility for the coming years.
Regarding the Group’s financial position, the Net Financial Debt to annualised EBITDA ratio stood at 2.5x, as expected, reflecting the start of the investments associated with the capital increase completed in July 2025, those linked to COFIDES’ investment in Elinsa, and the seasonal working capital requirements typically seen during the first half of the year. Nevertheless, operating cash flow improved by nearly €13 million compared to the first half of the previous year, confirming the Group’s operational strength.
Within the Defense and National Security Business Unit, the planned inorganic growth transactions (Teltronic, Zeleros and Freqcon) have been agreed. Regarding the remaining acquisition in the Protection Systems segment, the non-binding offer submitted by Amper has been accepted, the due diligence process is currently underway, and the transaction is expected to be completed during October. Furthermore, the Group secured several significant contracts related to the Spanish Ministry of Defence’s Special Modernisation Programmes launched in 2025 and expects to participate in additional programmes scheduled to be launched this year. Strategically, Amper has further strengthened its position as a leading company in Dual-Use Communications and Energy Resilience Solutions for Critical Civil and Military Infrastructure.
Within the Energy and Sustainability Business Unit, COFIDES’ investment in WindWaves will enable the completion of the planned investment programme required to address the expected demand in the offshore wind sector. The relationship with Equatorial in Brazil has been strengthened through a new contract for the expansion of the country’s power grid, while the Group’s engineering business continues to deliver projects supporting the development of critical infrastructure.
According to Enrique López, CEO of Amper Group: “The first-half results demonstrate that the transformation we have undertaken is delivering the expected outcomes. Built upon a platform of dual-use technological and industrial capabilities, we have created a Group with higher-quality revenues, significantly greater profitability, and a business fully aligned with the two sectors offering the strongest strategic growth potential. The performance achieved during the first half gives us confidence that we will successfully meet the objectives set out in our 2026–2028 Strategic Plan during the remainder of the year.”