Babcock International Group PLC (BAB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning everyone and welcome to the half year results for the period to 30th September 2025. My name is David Lockwood, CEO of Babcock. We've got a very exciting 29 and a half minutes coming and then a super exciting minute after that because apparently there is a fire alarm test which may or may not be cancelled because obviously health and safety comes first in our company and if it does happen it will go on for a minute so you need to pay attention for 29 and a half minutes and then you can do your emails for a minute okay so and if you're online and the fire alarm test happens I hope they're going to mute it for you but if they don't I'm sorry so What to say about this half? It's been a really good half. It's been a good half to be part of actually because all of the groundwork we've put in place over the last few years we're really seeing come to bear. good momentum across all of the business in the defense area, driving some really strong financial results with year-on-year increases across all of our metrics that David has decided he wants to explain to you, but they are really good. Constantly delivering to customers. When I come back up, I think it's this, we always said that the market was there for us, what we needed to do was deliver well, that would expand margin, that would then expand the market and that would drive growth. And I've got a couple of examples later, but we're seeing that happen across the business. We have some very interesting market dynamics commitments to budget growth but also fiscal pressures sort of counteracting that and seeing interesting behaviors in governments but net positive in all of our markets actually and that's left us with a confident outlook for 26 and also an ability to recommit to our medium-term guidance. S...