Amentum Holdings, Inc. · NYSE:AMTM
Amentum — Q4 2025 Earnings Presentation
22 slides from Amentum's earnings presentation, Nov 25, 2025
Slide 1: Earnings Conference Call Presentation
Earnings Conference Call Presentation Fourth Quarter & Full Fiscal Year 2025 November 25, 2025 Advancing the future together The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 2: Forward Looking Statements and Disclaimers
Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be “forward-looking statements” as that term is defin
Slide 3: Key Highlights and Takeaways
Key Highlights and Takeaways 1 Strong finish to FY25 underscores our strategic momentum through a transformational year Revenues FY25 Performance $14.4B (+4% YoY) 2 Robust Q4 book-to-bill of 1.6x, including key strategic awards, highlights strength of growth engine Adjusted EBITDA2 $1,104M (+5% YoY)
Slide 4: Achieving Results and Driving Strategic Outcomes in Transformational Year
Achieving Results and Driving Strategic Outcomes in Transformational Year OPERATIONAL EXCELLENCE PEOPLE Delivering superior program performance and completing key integration milestones on time Continuing to outperform industry retention and within budget, including full TSA exit benchmarks and be r
Slide 5: Positioning for Success and Growth with Key Strategic Awards
Positioning for Success and Growth with Key Strategic Awards BACKLOG AND QUARTERLY Notable Q4 FY25 Highlights BOOK-TO-BILL ($’s in billions) Space Force Range Contract1 A new $4 billion single-award IDIQ with a ten-year ordering period to advance the national capability for Assured Access to Space f
Slide 6: Successfully Navigating a Dynamic Market Environment
Successfully Navigating a Dynamic Market Environment ✓ Focused | ✓ Resilient | ✓ Innovative AMENT U M P R OP R IET AR Y. AL L R IGHT S R ES ER VED . 6
Slide 7: Core Growth Areas Provide Solid Foundation For Growth
Core Growth Areas Provide Solid Foundation For Growth A CC NOTABLE CORE GROWTH AREAS EL Longstanding leadership positions across large, stable growth markets C ER OR AT I EG NG ROW T H A R GROW T [Picture] Research, Defense Intelligence Operations Homeland Security / Environmental Development, Test,
Slide 8: Accelerating Growth Markets Leverage the New Amentum for the Future
Accelerating Growth Markets Leverage the New Amentum for the Future A CC ACCELERATING GROWTH MARKETS EL Well positioned for growth in rapidly expanding market areas C ER OR AT I EG Global Nuclear Energy NG ROW T H A R Space Systems & Technologies Critical Digital Infrastructure Global Nuclear Energy
Slide 9: Global Nuclear Resurgence: Amentum's Role Fueling a New Era
Global Nuclear Resurgence: Amentum’s Role Fueling a New Era Global leader in project engineering with proven Driving success across key end markets capabilities across the entire lifecycle with significant growth potential Select Markets Design ~250 new Gigawatt Power Plants by 20501 Gigawatt Power
Slide 10: Strong Q4 and Full Year FY25 Financial Performance
Strong Q4 and Full Year FY25 Financial Performance REVENUES 1 ADJUSTED EBITDA 1,2 ADJUSTED DILUTED EPS 2 Margin 2 +10% +8% +31% $3,925 $0.63 $3,565 $300 $277 $0.48 7.8% 7.6% 3 3 3 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 +4% +5% +11% $13,858 14,393 $1,104 $2.22 $1,049 $2.00 7.6% 7.7% FY24 3 F
Slide 11: Segment Performance – Digital Solutions
Segment Performance – Digital Solutions Q4 FY25 FY25 Full Year REVENUES1 ADJUSTED EBITDA1,2 REVENUES1 ADJUSTED EBITDA1,2 Margin2 Margin2 +11% +7% $1,496 $5,543 +8% $1,345 +5% $5,197 $116 $437 $111 $404 8.3% 7.8% 7.8% 7.9% 3 3 Q4 FY24 3 Q4 FY25 Q4 FY24 3 Q4 FY25 FY 24 FY 25 FY24 FY25 New contract awa
Slide 12: Segment Performance – Global Engineering Solutions
Segment Performance – Global Engineering Solutions Q4 FY25 FY25 Full Year REVENUES1 ADJUSTED EBITDA1,2 REVENUES1 ADJUSTED EBITDA1,2 Margin2 Margin2 +2% +9% +11% $8,850 +3% $8,661 $2,429 $2,220 $184 $166 $645 $667 7.5% 7.6% 7.4% 7.5% 3 3 Q4 FY24 3 Q4 FY25 Q4 FY24 3 Q4 FY25 FY24 FY25 FY24 FY25 New con
Slide 13: Robust Cash Generation With A Disciplined Capital Deployment Strategy
Robust Cash Generation With A Disciplined Capital Deployment Strategy FY25 Highlights $516 million FY25 Free Cash Flow2 • $261 million Q4 FY25 Free Cash Flow2 Invest for • Disciplined working capital management Continued debt reduction sustained and profitable (Target Net Leverage <3x) Strong Liquid
Slide 14: Initiating Fiscal Year 2026 Guidance
Initiating Fiscal Year 2026 Guidance Key Assumptions ($ in millions, FY26 Implied Underlying Income Statement Assumptions except per share data) Guidance Growth1 • Revenue contribution of ~91% from existing / recompete work and ~9% from new business Revenues $13,950 – $14,300 ~3% • Non-GAAP effectiv
Slide 15: Well-Positioned to Drive Long-Term Value for Stakeholders
Well-Positioned to Drive Long-Term Value for Stakeholders Longstanding, Trusted An Industry Leader With Strong Partner of Choice Differentiated Scale Financial Profile Solving our global customers’ Providing robust customer Well-positioned to deliver long- largest, most critical and access, capabili
Slide 16: Appendix
Appendix Advancing the future together
Slide 17: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures The presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin, Non-GAAP Effective Tax Rate, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, and Net Leverage are not measures of financial performance under Generally Accepted Accounting Principl
Slide 18: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Three Months Ended October 3, 2025 ($ in millions, except per share data and margin percentages) Acquisition, Loss on Utilization of fair transaction and Amortization of extinguishment market value Stock-based Non-GAAP As Reported integra
Slide 19: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Year Ended October 3, 2025 ($ in millions, except per share data and margin percentages) Acquisition, Loss on Utilization of fair transaction and Amortization of extinguishment market value Stock-based Non-GAAP As Reported integration cos
Slide 20: Definitions of Pro Forma Non-GAAP Measures
Definitions of Pro Forma Non-GAAP Measures The presentation and discussion of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income, Pro Forma Adjusted Diluted EPS, and Net Leverage are not measures of financial performance under Generally Accepted Accounting Pri
Slide 21: Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation
Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation For the Three Months Ended September 27, 2024 ($ in millions, except per share data and margin Acquisition, percentages) transaction and Amortization Loss on Utilization of fair As integration of Non-cash GAAP extinguishment market valu
Slide 22: Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation
Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation For the Year Ended September 27, 2024 ($ in millions, except per share data and margin Acquisition, percentages) transaction and Amortization Loss on Utilization of fair As integration of Non-cash GAAP extinguishment market value Stock-