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Patria Group’s Interim Report for 1 January – 30 June 2026

Patria’s net sales and operating profit (EBIT) improved at an accelerating pace during the first half of the year+---------------------------------+----------+----------+--------+--------+|Key figures  |1-6/2026  |1-6/2025  |Change  |2025   |+---------------------------------+----------+----------+--------+--------+|New orders, EUR million   |553.4  |453.5  |22.0%  |2,190.5 |+---------------------------------+----------+----------+--------+--------+|Order stock, EUR million   |3,491.0  |2,424.4  |44.0%  |3,526.1 |+----------------------

Finland, Norway and Latvia sign Statement of Intent on development and cooperation related to Patria TRACKX vehicles

Finland, Norway and Latvia have signed a Statement of Intent concerning development and cooperation related to Patria TRACKX armoured tracked vehicles at the 2026 NATO Summit in Ankara today, on 7 July. The purpose of the Statement of Intent is to share information on the further development of the Patria TRACKX vehicle and the results of field trials, and it enables the participating countries to explore potential joint procurements of the vehicle as well as joint development.Co-funded by the European Defence Fund (EDF), Patria TRACKX is a new-generation armoured tracked vehicle developed

Patria and KOVO Armor sign a Memorandum of Understanding following Lithuania’s announced procurement of Patria 6x6 vehicles

Lithuania’s State Defence Council announced in May 2026 its intention to procure 936 Patria 6x6 armoured vehicles. Following the announcement, Patria has signed a Memorandum of Understanding (MoU) with Lithuania-based defence company KOVO Armor, the first company of the planned long-term partner network for technology transfer in Lithuania. The MoU will initiate detailed discussions on industrial cooperation with Patria, including local production, technology transfer and labour skills development.Patria has held extensive discussions with various potential partners across development,

Patria-led eALLIANCE receives Business Finland funding to expand the programme

The Patria-led eALLIANCE programme has received additional funding from Business Finland, enabling significant expansion of collaborative ecosystem research and development (R&D) activities in the coming years. With the additional funding, eALLIANCE is geared to generate an increase of nearly 300 M€ in combined R&D funding within the programme.Within the eALLIANCE programme, Patria leads collaborative research, development and innovation activities with more than 60 leading technology companies, research institutes and universities. The objective is to integrate disruptive technologies from

Patria and Slovakia update agreement on Patria AMV XP 8x8 vehicles to further strengthen cooperation

Patria and Slovakia have updated their earlier agreement on Patria AMV XP 8x8 vehicles to further strengthen their cooperation. The revised agreement includes, among other things, a new delivery timeline to boost the deliveries for the Slovak BOV 8x8 armoured vehicle programme. Local production of the vehicles is well underway, strengthening Slovakia’s industrial capability and securing sustained manufacturing capacity.“We are pleased to have updated our agreement with the Slovak Ministry of Defence through close and constructive cooperation. While the details remain confidential, the

Patria launches a new passive counter-battery radar Patria WISPR at Eurosatory in Paris

Patria introduced Patria WISPR (Weapon Indication and Sensing Passive Radar) at the Eurosatory exhibition in Paris on 16 June 2026, expanding the company’s passive sensor offering with a new radar solution for counter-battery operations. This first-of-its-kind system for projectile detection and weapon locating has been designed to operate without being detected in the radio spectrum. Patria WISPR supports survivability and availability through continuous, silent surveillance based on Passive Coherent Location technology.Ongoing military operations have led armed forces to reassess how to

Valmet Automotive and Patria to significantly expand their cooperation in the production of armoured vehicles

Patria and Valmet Automotive have signed a new, multi-year agreement covering the manufacturing of armoured vehicles at Valmet Automotive’s Uusikaupunki plant in Finland. The production capacity will increase to hundreds of vehicles per year.The previous cooperation agreement, signed in December 2025, covered the technology transfer of Patria’s armoured 6x6 vehicles and manufacturing of the first vehicles. The agreement signed today is a multi-year agreement and continues the earlier cooperation on Patria 6x6 vehicles with annual capacity of hundreds of vehicles. The commercial value of the

Finland and Sweden prepare for the procurement of Patria TRACKX vehicles designed for Arctic conditions

The Finnish Defence Forces and the Swedish Defence Materiel Administration (FMV) have signed an Implementation Arrangement on cooperation in preparing the procurement of tracked armoured personnel carriers. The arrangement enables technology cooperation in the pre-series procurement of the Patria TRACKX tracked vehicle developed by Patria, as well as in potential follow-on procurements.The Patria TRACKX tracked armoured personnel carrier has been developed as part of the multinational FAMOUS programme co-funded by the European Defence Fund (EDF). The development aims to deliver a vehicle

Patria and RENK present next-generation unmanned ground vehicle (UGV) concept at Eurosatory 2026

Patria and RENK Group AG (RENK) have today presented a next-generation heavy unmanned ground vehicle (UGV) concept mock-up at Eurosatory 2026 in Paris, France. Together, the companies demonstrate how advanced drivetrain solutions and modular vehicle platforms can accelerate the transition towards remotely operated and future autonomous land systems. The showcase model combines Patria’s modular TRACKX vehicle platform with RENK’s HSWL 076 transmission and drive-by-wire mobility architecture.“Patria TRACKX is an exceptional all-terrain armoured tracked vehicle, offering an optimal solution

Patria and Etteplan deepen partnership with a competence centre for vehicle engineering

The long-standing engineering collaboration between Patria and Etteplan is deepening significantly. Etteplan is establishing a new competence centre focused on the defence industry (Defence Competence Centre), where vehicle and variant engineering as well as documentation will be carried out for Patria’s Protected Mobility business area. The competence centre brings together and grows Etteplan's specialist expertise in vehicle engineering and provides Patria with an engineering partner able to meet growing demand quickly and reliably. Etteplan’s AI solutions are used in the engineering and

Senop to launch a new multi-weapon smart sight – compatible with the NAMMO M72 shoulder fired systems

Senop and Nammo Raufoss AS (Norway) combined their forces to improve the accuracy, effective shooting distance and the night fighting performance of the widely popular M72 weapon system. As a result of the collaboration, Senop is launching a compact and accurate multi-weapon thermal smart sight, Senop OSKAR TWS, which is compatible with the NAMMO M72 shoulder fired systems.Senop delivers high-quality thermal imaging for rapid target detection and engagement in versatile and challenging environments. The Senop OSKAR Thermal Weapon Sight includes an attachable Laser Range Finder with a

Patria establishes new CEO Office headed by Petri Vihervuori joining Group Management Team

To strengthen Patria’s strategic ambition to grow significantly in the upcoming years, the company has established a new unit, CEO Office, which will be headed by Chief Corporate Affairs Officer Petri Vihervuori as of 1 September, 2026. Vihervuori has been nominated also as a member of the Patria Group Management Team. He will be reporting to Patria’s President and CEO Panu Routila.Petri Vihervuori is a senior ownership steering professional with more than 20 years of experience in a wide range of corporate functions, including over a decade in the defence sector. Vihervuori holds a Master

Patria completes deliveries of Patria AMV XP 8x8 ambulance vehicles to Slovakia

Patria has completed the deliveries of Patria AMV XP 8x8 armoured ambulance vehicles to Slovakia. The final batch was handed over last week in Lieskovec, Slovakia. The ten ambulance vehicles are part of the comprehensive government-to-government (G2G) agreement signed in 2022 by the Government of the Slovak Republic, the Government of Finland and Patria for Slovakia’s acquisition of 76 armoured combat vehicles (ACVs), comprising 60 infantry fighting vehicles, 10 ambulance vehicles and 6 command post vehicles.“Patria is thankful of excellent cooperation with Slovakia, their BOV 8x8 armoured

Patria set for technology transfer to Lithuania in the CAVS programme

Patria is prepared to support Lithuania’s plans to acquire modern 6x6 armoured personnel carriers as part of its potential participation in the Common Armoured Vehicle System (CAVS) programme. Through the multinational programme, Patria can provide a solution that combines proven vehicle performance with long-term industrial and operational benefits for Lithuania, enabling joint innovation and continuous development together with partners.Technology transfer is a central part of Patria’s business model, in which armoured vehicle manufacturing expertise is transferred to local partners. This

Norway joins CAVS Framework Agreement to enable serial procurement of Patria 6x6 armoured vehicles

Norway has proceeded in the Patria-led Common Armoured Vehicle System (CAVS) programme by signing the Framework Agreement as the next stage of preparation for the serial procurement phase. This agreement enables Norway to next conduct the serial procurement of Patria’s CAVS 6x6 armoured vehicles.Norway joined the CAVS programme in 2025, alongside the United Kingdom. Launched in 2020 through cooperation between Finland and Latvia, the CAVS programme aims to deliver a modern 6x6 armoured vehicle system based on Patria 6x6 vehicle that meets the operational needs of European and NATO nations.

Patria and NestAI partner on AI-enabled unmanned aerial systems for European defence

Patria and NestAI have entered a technology partnership to bring adaptive artificial intelligence (AI) capabilities to unmanned systems for European defence forces. The partnership pairs Patria's unmanned aerial systems with NestOS and NestAI's adaptive operating system, combining state of the art AI and a world-class defence platform in one system.European armed forces are boosting their investments in unmanned systems. In today’s warfare, equipping those systems with the intelligence to operate in contested, fast-changing environments requires AI, built for real-world conditions. The

Patria signs Memoranda of Understanding with Czech state enterprises for new 8x8 armoured vehicle programme

Patria has signed Memoranda of Understanding (MoUs) on future cooperation with key state enterprises under the Ministry of Defence – Vojenský technický ústav, VOP CZ and Vojenský výzkumný ústav. The MoUs mark an important step towards involving the Czech defence industry in the project to re-equip the Czech Armed Forces with a new 8x8 wheeled armoured vehicle platform. Patria also has a long-term partnership in the Czech Republic with STV GROUP, a leading Czech manufacturer and supplier of military equipment.The cooperation aims to build a long-term partnership that, if the project is

Patria Group’s Interim Report for 1 January – 31 March 2026

Patria’s net sales and EBIT continued to grow strongly in the first quarter+---------------------------------+----------+----------+--------+---------+|Key figures  |1-3/2026  |1-3/2025  |Change  |2025   |+---------------------------------+----------+----------+--------+---------+|New orders, EUR million   |173.9  |303.5  |-43%  |2,190.5  |+---------------------------------+----------+----------+--------+---------+|Order stock, EUR million   |3,439.0  |2,502.6  |37%  |3,526.1  |+---------------------------------+----------+---------

Patria-led eALLIANCE programme to collaborate with Ukrainian IRON Cluster and Double Tap Investments

Patria, Double Tap Investments Ltd (DTI) and IRON have signed a Memorandum of Understanding (MoU) at Drone Autonomy conference in Lviv, Ukraine on Wednesday 22 April 2026. The agreement formalises the collaboration between the Patria-led eALLIANCE programme, DTI and the IRON Cluster, including information exchange, joint testing, and the planning of shared projects.ON, based in Lviv, Ukraine, is a non-governmental defence technology cluster that brings together over 200 companies and start-ups into an innovative ecosystem. Members of IRON develop cutting-edge technological solutions in

Patria-led FAMOUS consortium enters third phase with further €79 million EU grant to speed up combat capability development

The defence industry consortium led by Patria, FAMOUS 3 (European Future Highly Mobile Augmented Armoured Systems), is making progress within the budget framework of the European Union’s European Defence Fund (EDF). The European Commission (EC) approved the consortium’s proposal on 15 April 2026 for the third phase of the project. The EU funding for the project is EUR 79 million with a total budget of EUR 115 million. Finland will continue to act as the lead state and Patria as the industrial coordinator.The FAMOUS project is implemented in multiple phases, with the first completed and

Patria appoints new President and CEO – Panu Routila appointed as new President and CEO

Panu Routila, 61, M.Sc. (Econ.), DBA, has been appointed as the new President and CEO of Patria Oyj. Routila served as the Chairman of Patria’s Board of Directors from 2020 to 2026.Patria’s long-serving CEO Esa Rautalinko and the company’s Board of Directors have jointly agreed that Rautalinko will conclude his term as President and CEO. The decision is based on a shared view of the company’s next phase of development as well as Rautalinko’s personal plans for the future. Routila will assume the role of Patria’s President and CEO immediately. “Patria is a growth company at an exciting

The Annual General Meeting of Patria Oyj on 14th of April 2026

Patria Oyj’s Annual General Meeting held on 14[th] of April 2026 adopted the Consolidated Financial Statements for the financial period that ended on 31[st] December 2025.Patria Group’s net sales for 2025 totalled EUR 1,086.7 million (EUR 825.7 million in 2024). 51% (37%) of net sales accrued from outside Finland. The Group’s operating profit for the Financial Period was EUR 115.9 million (EUR 81.8 million). The consolidated income before taxes amounted to EUR 103.1 (EUR 70.8 million). The Group’s return on equity was 25.1% (19.7%). It was decided to discharge the members of the Board of

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