Business · Companies · 3 hrs ago
Telespazio Ibérica revenue rose 34% to €19.5 million in 2025
Telespazio Ibérica’s revenue rose 34% to €19.5 million in 2025.
The Spanish satellite-services company is a joint venture owned by Italy’s Leonardo and France’s Thales.
Its net profit increased 9.6% to €1.82 million, compared with €1.66 million in 2024.
However, its operating margin fell to 2.8% from 4.1%.
The company paid €2.59 million for engineering services in Spain that had belonged to Telespazio’s UK subsidiary.
Its chief executive said the transfer is expected to increase the Spanish unit’s business by 20%.
The impact is expected to begin in the current financial year, with most of it coming next year.
Telespazio Ibérica reported revenue of €19.5 million in 2025, up 34% from the previous year.
Its net profit rose 9.6% to €1.82 million.
Operating profit was about €550,000, and its operating margin fell to 2.8% from 4.1%.
The Spanish subsidiary bought engineering services from Telespazio’s UK subsidiary for €2.59 million.
Chief executive Carlos Fernández de la Peña said the deal would increase the subsidiary’s revenue by 20%.
- Who
- Telespazio Ibérica, the Spanish subsidiary of Telespazio.
- What
- It reported 2025 revenue of €19.5 million, up 34%.
- When
- The revenue was recorded in 2025. The accounts were published in the Mercantile Register.
- Where
- Spain.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Telespazio Ibérica reported net profit of €1.66 million.
The company recorded revenue of €19.5 million and net profit of €1.82 million.
Carlos Fernández de la Peña told Expansión that the engineering-services deal would increase the Spanish subsidiary’s revenue by 20%.
The deal’s impact was expected to be felt during the current financial year, with most of it expected the following year.
- 2025 revenue
- €19.5 million
- Revenue growth
- 34%
- 2025 net profit
- €1.82 million
- Engineering-services purchase
- €2.59 million
- Operating margin
- 2.8%, down from 4.1% in 2024
What people are saying
with this intra-group operation, the Spanish subsidiary will increase its turnover by 20%