Business
Preliminary results for the year ended 31.03.2025
Preliminary results for the year ended 31.03.2025.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\n\n\n\n\n\nBabcock International Group PLC\nPreliminary results for the year ended 31 March 2025\n \nThis announcement contains inside information\n25 June 2025\nStrong results, well-positioned for a new era of defence\n\n\n\n\nStatutory results (unaudited1)\n\n\n31 March 2025\n\n\n31 March 2024\n\n\n\n\nRevenue3\n\n\n£4,831.3m\n\n\n£4,390.1m\n\n\n\n\nOperating profit\n\n\n£363.9m\n\n\n£241.6m\n\n\n\n\nBasic earnings per share\n\n\n49.1p\n\n\n32.9p\n\n\n\n\nFull year dividend per share\n\n\n6.5p\n\n\n5.0p\n\n\n\n\nCash generated from operations\n\n\n£357.4m\n\n\n£374.3m\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nUnderlying results2\n\n\n31 March 2025\n\n\n31 March 2024\n\n\n\n\nContract backlog\n\n\n£10.4bn\n\n\n£10.3bn\n\n\n\n\nUnderlying operating profit3\n\n\n£362.9m\n\n\n£237.8m\n\n\n\n\nUnderlying operating margin3\n\n\n7.5%\n\n\n5.4%\n\n\n\n\nUnderlying basic earnings per share\n\n\n50.3p\n\n\n30.8p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nUnderlying free cash flow\n\n\n£153.4m\n\n\n£160.4m\n\n\n\n\nNet debt4\n\n\n£(373.3)m\n\n\n£(435.4)m\n\n\n\n\nNet debt excluding leases\n\n\n£(101.2)m\n\n\n£(210.9)m\n\n\n\n\nNet debt/EBITDA (covenant basis)\n\n\n0.3x\n\n\n0.8x\n\n\n\n\nDavid Lockwood, Chief Executive Officer, said:\n\"This is a new era for defence. There is increasing recognition of the need to invest in defence capability and energy security, both to safeguard populations and to drive economic growth. Our specialist capabilities are increasingly relevant and, with a growing set of opportunities before us, Babcock is committed to play its part in driving prosperity alongside its customers.\n\"Our strong financial performance in FY25, with operational momentum across the business, has enabled us to upgrade our medium-term guidance, increase our dividend and launch a £200 million share buyback programme for the first time in the company's history. We look forward to continuing our track record of profitable growth, and to investing in the people and capabilities that will create value for all our stakeholders.\"\n \nFinancial highlights\n• Contract backlog: £10.4 billion, large Land and Aviation awards offset execution on long-term contracts\n• Revenue: grew 11% on an organic basis, driven by strong growth in Nuclear and Marine\n• Statutory operating profit: up 51% to £364 million. FY2...