Rafael posts record results as demand for Israeli defence systems surges
The missile defence firm generated £4.6bn in revenues, with profit topping one billion shekels for the first time
Israeli defence company Rafael Advanced Defense Systems has reported a record financial year, as global demand for its missile defence technology continues to grow.
The company announced this week that revenues reached 21.7 billion shekels (£4.6bn) in 2025, up 21.5 percent on the previous year, while net profit rose to 1.35 billion shekels – the first time it has passed the one-billion mark.
Rafael also highlighted the results in a video posted on its LinkedIn page, describing a year of strong performance and continued expansion.
Rafael said its growth outpaced other major Israeli defence firms, with sales rising significantly faster than competitors including Israel Aerospace Industries and Elbit Systems.
The Israel Defence Forces (IDF) remained Rafael’s largest customer, accounting for 54 percent of sales, while international markets made up 46 percent, underlining the company’s expanding global reach.
Its order backlog reached a record 74.4 billion shekels (£15.8bn), representing more than three years of work, while new orders totalled over 33 billion shekels, even as Israel faces boycott pressures abroad.
Rafael, which is owned by the Israeli government, is best known for developing key elements of Israel’s air defence network, including Iron Dome and David’s Sling, both of which underwent further testing against advanced threats during the year. The company also confirmed it delivered its new Iron Beam laser system to the Israeli military, with operational use expected following further integration and training.
The final quarter of 2025 was particularly strong, with revenues of 7.13 billion shekels, up more than 30 percent year-on-year. Quarterly profit reached 427 million shekels.
Rafael also expanded its workforce, hiring around 2,000 employees, and awarded staff bonuses totalling 500 million shekels.
Chief executive Yoav Tourgeman said: “Rafael is the largest and most central supplier to the defence establishment, and we are working around the clock to deliver the solutions needed for combat and to protect the country’s citizens.
“This year, we expanded development and production, and deepened investment in research and development of technologies and combat systems that will ensure battlefield superiority in the future.”
Rafael’s performance reflects a wider trend across Israel’s defence industry, as countries, particularly in Europe, increase their military spending and seek advanced, battle-tested systems.
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