Leonardo posts 2025 revenue 11% up at €19.5bn
Leonardo's AW169 on display at European Rotors last year.
Leonardo posted revenues up 11% to €19.5bn in preliminary results for the full-year 2025. Revenue growth was accompanied by a noticeable improvement in both operating profitability and in cash generation, according to the manufacturer.
EBITA reached €1.75bn, up 18% on a like-for-like basis on 2024, which exceeded the company’s expectations, it said.
New orders were15% up on 2024 at €23.8bn – delivering a book-to-bill ratio of 1.2x. Leonardo’s full order book confirmed the continuing strengthening of the core businesses and reflected a key order in the Aeronautics sector in “a market environment where demand for security remains high”.
Roberto Cingolani, the company’s CEO and general manager said: “Leonardo’s preliminary 2025 results highlight a significant increase across all key economic and financial indicators and a substantial reduction of the group’s net debt. We exceeded the challenging guidance, which had been already upgraded during the year.”
The results represent the completion of the value-accretion path launched three years ago, he added. This aims to combine “a clear strategic vision with efficient execution of processes, fully enabling the Leonardo’s ‘One Company’ model”.
The results also show Leonardo’s ability to decouple environmental impacts from the group’s growth, which strengths business competitiveness and resilience, he claimed.
Leonardo has boosted investment in research and development to accelerate advanced technologies. “Leonardo’s strong 2025 performance reflects the commitment and alignment of our people and provides a solid background for the forthcoming years,” he concluded.
Last year the manufacturer’s workforce increased by 2,294 compared with the previous year. The work force in Italy rose by about 1,600 people and in the UK by about 400. More than 6,600 people were hired. In 2025, employees under 30 represented about 16% of total workforce compared with 1.1% the previous year.
Leonardo will update the market on its Industrial Plan on March 12th.
Meanwhile, read our interview with Giacomo Zampetti, vice president, Marketing, Leonardo Helicopters here.
Leonardo preliminary results 2025 – at a glance
- New Orders: €23.8bn, up 15% on 2024. A book-to-bill ratio of 1.2x
- Revenues: €19.5bn, up 11% on 2024
- EBITA: €1.75bn, up 18%
- Free Operating Cash Flow: €1bn, up 21%
- Group net debt: €1n, down 44% compared with €1.8bn in 2024.
