Leonardo: leap in revenue and EBIT in 2025. Debt down to 1 billion

Leonardo arrives at the test of the preliminary accounts 2025 with all indicators on the rise and above the guidance already communicated to the market as a result of the change of pace desired by CEO Roberto Cingolani, who arrived at the helm of the group three years ago. Thus, the results approved by the board go into the archive with an increase in EBITDA of 18%, to EUR 1.75 billion, and 11% for revenues, to EUR 19.5 billion, while orders mark a progress of 15%, to EUR 23.8 billion, sustained above all by a maxi order in the Aeronautics sector.

Debt performance also improved, with the group closing 2025 by reducing its financial exposure by 44%, from €1.8 billion in 2024 to €1 billion at the end of last year, thanks to the strengthening of cash generation and the €446 million proceeds from the sale of the Underwater Armaments & Systems (Uas) business to Fincantieri.

In the accounts released before the opening of the stock market - where, at the moment, the share is losing 1.22 per cent - the free operating cash flow figure also stands out, which grew by 21 per cent over the previous year, to 1 billion, confirming, as the group states, 'the effectiveness of the actions taken'. Which are then at the heart of the Cingolani-designed 'cure' that has sought to accelerate the efficiency of the entire 'machine'.

It is no coincidence that, in commenting on the results just dismissed by the board of directors of the former Finmeccanica, number one Cingolani emphasised the path taken by the group in recent years. "The preliminary results for 2025 show a significant increase in all economic-financial indicators as well as a significant reduction in the group's net debt. Thanks to the targets achieved, we have exceeded the challenging guidance already increased during the year'.

This is, added the CEO, who will illustrate the performance to the financial community this afternoon together with cfo Giuseppe Aurilio, 'the completion of a virtuous path begun three years ago, during which we have combined a clear strategic vision with efficient process execution for the full realisation of the Leonardo 'one company''.