Business Segments Thales

Equities

Real-time Euronext Paris Other stock markets 06:12:56 2026-05-20 am EDT			5-day change	1st Jan Change
229.20 ^EUR	+1.28%		+2.46%	-0.26%

May. 19	European markets pause ahead of Nvidia showdown
May. 19	Sweden to buy navy frigates from France for over $4 billion to boost Baltic defence	RE

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Defense Electronics
Defence (Excluding of Digital I&S)	8.96B	9.52B	10.18B	11.32B	12.59B
CAPEX	-164M	-175M	-231M	-242M	-331M
D&A	171M	152M	154M	168M	174M
Operating Income	1.11B	1.18B	1.25B	1.43B	1.62B
Defence & Security	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Aircraft Systems, Components and Equipment
Aerospace	4.55B	4.81B	5.34B	5.64B	6.09B
CAPEX	-89.7M	-135M	-163M	-134M	-153M
D&A	128M	108M	102M	102M	103M
Operating Income	202M	235M	371M	391M	560M
Security Software
Cyber & Digital	3.03B	3.68B	3.42B	4.15B	3.98B
CAPEX	-97.4M	-90.7M	-80.7M	-101M	-98.7M
D&A	121M	92.4M	81.7M	94.2M	86.5M
Operating Income	358M	494M	508M	585M	526M
Other	-358M	-440M	-514M	-528M	-524M
CAPEX	-99.8M	-134M	-151M	-146M	-174M
D&A	280M	118M	112M	115M	122M
Operating Income	-22.2M	26.9M	2M	10.3M	34.5M
Aerospace Transportation Support Systems
Transport	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Rest of Europe	3.72B	4.1B	4.58B	5.16B	6.21B
France	4.54B	4.83B	5.44B	5.93B	6.12B
Total Assets	-	-	-	-	13.2B
North America	1.95B	2.42B	2.58B	2.92B	2.75B
Asia	2.06B	2.07B	1.73B	1.98B	2.19B
United Kingdom	940M	1.02B	1.21B	1.36B	1.43B
Total Assets	-	-	-	-	794M
Near and Middle East	1.08B	1.19B	1.11B	1.21B	1.31B
Rest of The World	901M	991M	974M	1.09B	1.2B
Total Assets	-	-	-	-	2.14B
Australia and New Zealand	994M	958M	812M	940M	911M
Total Assets	-	-	-	-	1.7B