Record Operating Profit
Operating profit increased by 50% year-on-year to GBP 1.7 billion, with a group operating margin of 19.1%, a 4.9 percentage point increase over last year.
Strong Free Cash Flow
Free cash flow was GBP 1.6 billion, 37% higher than last year, driven by strong operating profit and LTSA balance growth.
Civil Aerospace Success
Civil Aerospace operating profit grew by 63% to GBP 1.2 billion, with an operating margin increase of 7.1 percentage points to 24.9%.
Power Systems Performance
Power Systems achieved an 89% increase in operating profit to GBP 313 million, with an operating margin increase of 5.6 percentage points to 15.3%.
Defence Order Backlog
Defence division secured a record order backlog of GBP 18.8 billion, equivalent to approximately four years of revenue.
Raised Guidance for 2025
Guidance for 2025 was raised, expecting underlying operating profit of GBP 3.1 billion to GBP 3.2 billion and free cash flow of GBP 3 billion to GBP 3.1 billion.
Shareholder Returns
Announced an interim dividend of 4.5p per share and a GBP 1 billion share buyback program, with GBP 500 million already completed.