New Delhi: Israel Aerospace Industries Ltd. (IAI), a leader in the Israeli military and commercial homeland defence and aerospace markets, issued its consolidated financial statements for the periods of nine and three months ended September 30, 2025.
The company reported most profitable first nine months of the year in its history with net income of USD 484 million; record high in EBITDA, operating margin, gross margin and sales.
- 16% increase in net income in the period of nine months ended September 30, 2025 (“the Reporting Period”) to about USD 484 million compared with about USD 416 million in the corresponding period of 2024. Increase in net income to about USD 164 million in Q3 2025 compared with about USD 122 million in Q3 2024.
- 12% growth in EBITDA in the Reporting Period to about USD 724 million (about 14.1% of sales) compared with about USD 646 million (about 14.7% of sales) in the corresponding period of last year. EBITDA in Q3 2025 amounted to about USD 256 million (about 13.4% of sales) compared with about USD 195 million (about 12.7% of sales) in Q3 2024.
- Operating income grew in the Reporting Period to about USD 489 million (about 9.5% of sales) compared with operating income of about USD 431 million (about 9.8% of sales) in the corresponding period of last year. Operating income in Q3 2025 was about USD 174 million (about 9.1% of sales) compared with operating income of about USD 121 million (about 7.9% of sales) in Q3 2024.
- Gross profit growth in the Reporting Period to about USD 954 million (about 19% of sales) compared with about USD 836 million (about 19% of sales) in the corresponding period of last year. Increase of about 26% in gross profit in Q3 2025, amounting to about USD 356 million (about 19% of sales) compared with about USD 282 million (about 18% of sales) in Q3 2024.
- 17% growth in sales to about USD 5,137 million in the Reporting Period, compared with about USD 4,393 million in the nine months ended September 30, 2024. Increase of about 24% in sales in Q3 2025 to about USD 1,909 million compared with about USD 1,541 million in Q3 2024.
- Inhouse R&D expenses in the Reporting Period amounted to about USD 208 million, compared with about USD 212 million in the corresponding period of 2024. Inhouse R&D expenses in Q3 2025 amounted to about USD 90 million compared with about USD 81 million in Q3 2024.
- The Company has liquid assets of some USD 3.9 billion.
Boaz Levy, IAI’s President and CEO, commented, “We are proud to conclude a strong third quarter that continues IAI’s growth and trajectory throughout 2025, reflecting our support for Israeli national defence and range our customers around the globe. IAI’s strength builds on an extensive and diversified technological portfolio and a broad global presence, which together give us stability and flexibility in the face of evolving demands. These foundations allow us to maintain high levels of order backlog and provide the balance between addressing our customers’ immediate demands and investing in the long-term development of tomorrow’s capabilities.”
“This quarter’s achievements reflect the dedication and professionalism of IAI’s employees, who continue to drive the Company forward during a period of intensive operational requirements and increased demand for our cutting-edge defence systems. We will continue to invest in groundbreaking technologies, strengthen international partnerships and enhance our contribution to the State of Israel’s homeland security,” he added.
