Chemring Group PLC Q4 2025 Earnings Recap

Chemring’s FY 2025 results reflect solid performance amidst U.K. government spending challenges, with a record order book supporting a strategic path to double revenues by 2030.

Key Takeaways

• Group revenue rose 2% to GBP 498 million, with operating margin improving from 14.3% to 14.8%.
• Record order intake of GBP 781 million, up 20% year-on-year, contributing to a total order book of GBP 1.3 billion, a 32% increase.
• Strong cash conversion at 114% and EPS growth of 3% against a backdrop of higher tax and finance costs.
• Significant growth in the Countermeasures & Energetics segment, with operating profit up 37% and margins reaching 19.1%.
• Continued investment in operational excellence underscores Chemring’s commitment to sustainable, long-term value creation amidst rising global defense spending.