Business
Results for the six months ended 30 September 2025
Babcock International Group PLC reported a strong first half with revenue increasing by 7% to £2,538.6 million and underlying operating profit up 19% to £201.1 million, leading to an improved underlying operating margin of 7.9%. Basic earnings per share rose to 33.7p from 25.7p, and the interim dividend per share increased by 25% to 2.5p. The company maintained its full-year expectations, with a contract backlog of £9.9 billion, and saw a significant increase in underlying free cash flow to £140.6 million, while net debt excluding leases reduced to £55.8 million. Disclaimer*
About this update from Babcock International Group Plc
[{"type":"text","content":"\n\nBabcock International Group PLC Half year results for the six months ended 30 September 2025\nThis announcement contains inside information\n21 November 2025\nConsistent delivery underpins growth and margin expansion\n\n\n\n\nStatutory results\n\n\n30 September\n2025\n\n\n30 September\n2024\n\n\n\n\nRevenue\n\n\n£2,538.6m\n\n\n£2,408.9m\n\n\n\n\nOperating profit\n\n\n£234.3m\n\n\n£183.8m\n\n\n\n\nBasic earnings per share\n\n\n33.7p\n\n\n25.7p\n\n\n\n\nInterim dividend per share\n\n\n2.5p\n\n\n2.0p\n\n\n\n\nCash generated from operations\n\n\n£226.9m\n\n\n£181.3m\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nUnderlying results1\n\n\n30 September\n2025\n\n\n30 September\n2024\n\n\n\n\nContract backlog\n\n\n£9.9bn\n\n\n£9.5bn\n\n\n\n\nUnderlying operating profit\n\n\n£201.1m\n\n\n£168.8m\n\n\n\n\nUnderlying operating margin\n\n\n7.9%\n\n\n7.0%\n\n\n\n\nUnderlying basic earnings per share\n\n\n28.5p\n\n\n23.5p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nUnderlying free cash flow\n\n\n£140.6m\n\n\n£94.7m\n\n\n\n\nNet debt\n\n\n£(351.1)m\n\n\n£(385.6)m\n\n\n\n\nNet debt excluding leases\n\n\n£(55.8)m\n\n\n£(145.8)m\n\n\n\n\nNet debt/EBITDA (covenant basis)\n\n\n0.2x\n\n\n0.6x\n\n\n\n\nDavid Lockwood, Chief Executive Officer, said:\n\"Thanks to the skills and dedication of our people, Babcock continued its track record of profitable growth with a strong performance in the first half. Good momentum was underpinned by consistent delivery for our customers against a background of supportive market dynamics.\n\"We are on track to achieve our expectations for the full year and are pursuing exciting opportunities for sustainable growth and margin expansion, both in the UK and internationally.\"\nGood performance in first half, full year expectations unchanged\n• Contract backlog: £9.9 billion, reflecting significant Land and Aviation orders in 2H25 (FY25: £10.4 billion)\n• Revenue: 7% organic growth driven by Nuclear, with lower volumes in Land Civil businesses\n• Statutory operating profit: up 27%, including derivative revaluation and recovery of loan granted on disposal\n• Underlying operating profit: up 19%, driven by strong performance in Nuclear and Marine\n• Underlying operating margin: up 90 basis points ...