Düsseldorf-based Rheinmetall AG reported a significant increase in sales and profits for 2025, driven by escalating military spending across Europe. Consolidated sales reached €9.9 billion, a 29% rise year-on-year, with operating profit hitting a record €1.84 billion, up 33%.
The company announced a proposed dividend of €11.50 per share, an increase from €8.10. Rheinmetall cited the tense global security situation, including conflicts in Ukraine and the Middle East, as key drivers for demand in missiles and drones.
Its order backlog surged to a record €63.8 billion, a substantial jump from €46.9 billion the previous year. Rheinmetall anticipates this figure could more than double to approximately €135 billion by the end of 2026. The company forecasts 40-45% sales growth for 2026, projecting revenue between €14-14.5 billion.
Despite strong demand and a robust order book, some analysts question Rheinmetall's capacity to scale production rapidly enough to meet delivery requirements. Chief Executive Armin Papperger stated the company is well-positioned for a rapidly changing world.