ROME, Feb 25 (Reuters) - Italian defence group Leonardo said on Wednesday it had delivered financial results for 2025 above its targets, with a significant increase in all its key indicators and a cut
Leonardo Surpasses 2025 Targets, Reduces Debt Significantly
ROME, Feb 25 (Reuters) - Italian defence group Leonardo posted on Wednesday 2025 results above its financial targets, with a significant increase in all its key indicators and a substantial reduction in its debt.
New orders were up 14.5% year-on-year to 23.8 billion euros ($28.09 billion), lifted by a sizeable contract in the aeronautics sector and above a forecasted range of 22.25-22.75 billion euros.
Financial Performance and Profit Growth
Core profit rose just over 18% compared to 2024 to 1.75 billion euros, surpassing the expected 1.66 billion euros, on both higher volumes and increased profitability.
Debt Reduction Achievements
The group's net debt at the end of 2025 was down 44% to 1 billion euros from 1.8 billion euros the previous year, mainly thanks to the sale of the UAS underwater business to Italian shipbuilder Fincantieri in early 2025.
Executive Commentary on Results
"We exceeded the challenging guidance, which had been already upgraded during the year. Such a performance represents the completion of the value-accretion path launched three years ago," Chief Executive Roberto Cingolani said in a statement.
($1 = 0.8472 euros)
(Reporting by Giulia Segreti in Rome, editing by Alvise Armellini)
