Leonardo S.p.a.

Leonardo S.p.a. Earnings Recaps

FINMY Industrials 1 recap
Q3 2025 Nov 7, 2025

Leonardo reported strong third-quarter results for 2025, with new orders up 24.3% and revenues increasing by 12.4%, reflecting robust performance across all divisions.

Key takeaways
  • New orders reached EUR 18 billion year-over-year, driven by solid performances in electronics, naval, and defense sectors.
  • Revenue rose to EUR 13.4 billion, with EBITDA growing 22.7% to EUR 945 million.
  • Net debt decreased by 25.9%, indicating improved financial health and operational efficiency.
  • Prominent contracts, including a EUR 2 billion deal with the Kuwait Air Force, significantly contributed to strong sales.
  • The company is adapting well to market dynamics with a favorable outlook on future orders and strategic partnerships.
Full recap