Naval and Defense Industry
The state-owned naval and technology group Navantia quadrupled its orders in 2025, driven by national defense contracts. Its order book now stands at €12.826 billion, laying the groundwork for strong business growth and a return to profitability in 2027.
Record hiring and a strong order book ensure the future of industry
The public naval and technological group Navantia has closed the 2025 financial year with a record contracting figure of 6.627 billion eurosThis represents a fourfold increase in orders signed in 2024. This boost, primarily driven by the domestic defense market, consolidates the workload across all its centers in the medium term and projects the company towards profitability in 2027.
This volume of new contracts has raised the consolidated order book to 12.826 millones de eurosThis represents 88% of the total order book, compared to €8.163 billion at the close of the previous fiscal year. The defense sector accounts for 88% of this order book, guaranteeing crucial stability and continuity for the group's industrial activity. According to company sources, this significant increase in orders is the first step towards a substantial increase in revenue, which is estimated to reach €3 billion by 2027.
Operational momentum and financial results in transition
In 2025, the consolidated turnover of Navantia It grew by 30% compared to 2024, reaching 1.978 billion euros. This increase is based on the simultaneous execution of major industrial programs, most notably the frigates of the [series name missing] F-110With three of the five ships already under construction, the submarines S-80, the second batch of corvettes for Arabia Saudí and the start of new programs for the Armada Spanish.
These projects are in addition to the maintenance contracts with the Armada and US Navyas well as the Repairs activity and the development of offshore wind energy programs through its subsidiary Navantia SeanergiesDespite operational growth, the net result of the individual company improved by 9,6%, registering a loss of €119 million, a figure that does not yet reflect the benefits of the increased portfolio. The consolidated result stood at a loss of €149 million, impacted by international subsidiaries, primarily in the Reino Unido, following the integration of new industrial assets.
Investment in capabilities and engine of the national economy
The group has made a significant investment effort to modernize its capabilities, allocating 120,2 million euros to tangible fixed assetsKey initiatives include advancements in the Digital Block Factory of Ferrol and the Flat Panel Line of Puerto RealThe group's workforce at the end of 2025 amounted to 6.761 people.
Impact Navantia It is very significant in the Spanish productive sector. In 2025, its activity generated a total of 29.435 jobs (direct, indirect and induced) and a contribution of 1.850 billion euros to the national GDPThis represents 1,03% of the industrial GDP of España and 1,29% of the sector's employment. By region, the company's activity generated €744 million of GDP in A Coruña648 million in Cádiz and 459 million in Cartagena.
| Indicator | 2025 digit | Evolution / Context |
|---|---|---|
| Contracts | 6.627 M€ | Multiply the 2024 figure by four |
| Order Book | 12.826 M€ | Growth from €8.163 million in 2024 |
| Revenue (Consolidated) | 1.978 M€ | 30% increase compared to 2024 |
| Net Result (Consolidated) | -€149m | Affected by international subsidiaries |
| Contribution to National GDP | 1.850 M€ | It generates a total of 29.435 jobs |
Key points and frequently asked questions about Navantia's results
What real impact do these figures have on Spanish industry?
The impact is structural. The activity of Navantia It not only sustains 29.435 jobs, but also contributes 1.850 billion to the national GDP, consolidating a high value-added industrial fabric in key regions such as Galicia, Andalucía y MurciaIt functions as a driving force for hundreds of supplier companies and the auxiliary industry.
Despite a record number of contracts, the company is still operating at a loss. What is the strategy to achieve profitability?
The strategy is based on the premise that the large contracts signed now will translate into a progressive increase in revenue over the next few years, with a target of €3.000 billion by 2027. This increase in business, coupled with improved operational efficiency and international consolidation, paves the way to achieving financial equilibrium and profitability in that same year.
What does the predominance of defense contracts mean for companies that supply the foreign sector?
For exporting companies and suppliers in the defense supply chain, 88% of the portfolio Navantia In this sector, it represents a stable, long-term business opportunity. Programs such as the F-110 frigates or the S-80 submarines demand advanced technology and specialized components, opening the door to contracts for Spanish companies with internationalization capabilities and high quality standards.
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