Our preliminary results for the year ended 31 March 2026 have been released today. Our continued strong financial performance means we reaffirm our medium-term guidance, increase our dividend and launch a further £200 million buyback programme.
David Lockwood, Chief Executive Officer, said: “Against an increasingly uncertain geopolitical backdrop, Babcock has delivered continued strategic and operational progress. We achieved strong underlying growth, improved margins and robust cash generation, while securing important contract wins that further strengthen our position in defence and nuclear markets, where long-term demand is increasingly structural.”
“We remain on track to deliver our medium-term guidance. With our core capabilities aligned to our customers’ evolving priorities, we are building a high-quality pipeline of long-term growth opportunities. Babcock is a more resilient business today, with clear momentum and strong visibility. Our people remain our most important asset, and we continue to build a talent-led culture with the right skills, capability and leadership. I leave with confidence that the Group is well positioned for its next phase of delivery, growth and value creation.”