We’re pleased to publish our 2025 Annual Report, which is now available to read and download.
FY25 has been a significant year for us. We saw growth in revenue and underlying operating profit above expectations, and overall cash generation better than forecast at the beginning of the year.
We rejoined the FTSE 100 index in March and celebrated many operational highlights, including:
Awarded sole-source five-year British Army strategic support partner contract extension ‘Reframe’ worth £1 billion
The opening of Devonport’s 9 Dock after a significant regeneration, and HMS Victorious docked
Awarded £114million contract to support the first nuclear submarine defueling operations in over 20 years
Launched H&B Defence joint venture with HII in Australia to support AUKUS
David Lockwood, Chief Executive, said: “FY25 was a pivotal year for Babcock, demonstrating the strength of the business we have built over recent years. Financial performance was particularly strong with full year results ahead of our upgraded guidance, while a complex and rapidly changing global context for defence has highlighted the increasing relevance of our specialist capabilities.”
With operational momentum across the business, we’re well-positioned for a new era of defence as we continue to create a safe and secure world, together.