Thales reported sales of €22.1 billion for 2025, reflecting a 7.6% increase compared to 2024 and an 8.8% increase on an organic basis, exceeding its initial organic growth guidance of 5-6%. The company also increased its adjusted EBIT to €2.74 billion, with an operating margin rising to 12.4% from 11.8% year over year, indicating improved profitability. Additionally, Thales grew its net profit in 2025 to €2,005 million from €1,900 million in 2024, representing a 6% increase supported by strong defense and aerospace sales. The company’s free operating cash flow rose 27% to a record €2,577 million, aided by strong advances on orders and a €724 million working capital benefit from inventory optimization. Furthermore, Thales reported first-quarter 2026 sales of €5.32 billion, reflecting a 7.2% year-over-year increase in reported terms and a 9.7% organic increase, slightly exceeding analyst expectations.