Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleIndra's Q1 net profit fell by 3.2% due to higher financial costs and taxes, but the company remains on track for its 2026 targets.
(Reuters) -Spanish defence and technology firm Indra said on Tuesday its first-quarter net profit fell 3.2% on higher financial costs and heavier taxes.
The company booked a net profit of 59 million euros ($66.77 million) down from 61 million euros in the same period last year.
The company said it is on track to meet its targets for 2026 and will meet its long-term goal of 10 billion euros in revenues earlier than 2030.
($1 = 0.8836 euros)
(Reporting by Mireia Merino and Javi West Larrañaga and Inti Landauro)
The article discusses Indra's Q1 net profit decline due to higher costs and taxes.
Indra aims to achieve 10 billion euros in revenue before 2030 and meet its 2026 targets.
Higher financial costs contributed to a 3.2% decline in Indra's Q1 net profit.
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