Leonardo S.p.a. Q3 2025 Earnings Recap

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.