BAE Systems’ full-year sales rose 10% to £30.7bn, at the top end of company guidance. All divisions contributed positively, with Platforms & Services growing at the fastest pace, up 17%.
Underlying operating profits grew by 12% to £3.3bn, slightly ahead of market forecasts. The order book grew by £5.8bn to a record £83.6bn.
Free cash flow fell from £2.5bn to £2.2bn (£1.4bn expected). Net debt, including lease liabilities, improved from £6.9bn to £5.6bn.
In 2026, sales and underlying operating profits are expected to grow between 7-9% and 9-11% respectively.
A final dividend of 22.8p per share was announced, taking the full-year total to 36.3p, up 10%.
The shares rose 2.5% in early trading.
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BAE Systems key facts
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