BAE Systems

BA · LSE · GBp

1,921.00 GBp−1.13%−22.00 GBp

Close · October 2, 2026

At a glance

Revenue growth: +7.69%; 2025 vs 2024
Net income growth: +5.42%; 2025 vs 2024
Net margin: 7.3%; 2024: 7.4%

Financial data

Amounts in millions of GBP; per-share values in GBP; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total assets	39,893	37,679	36,001	38,142	37,218	32,064	30,963	31,462	29,935	27,135
Current assets	13,957	12,147	11,158	11,753	11,530	11,773	10,945	10,634	9,339	8,818
Cash and equivalents	4,200	3,438	2,153	3,378	2,831	4,067	3,204	3,107	1,956	2,917
Short-term investments	155	183	291	—	—	—	—	—	—	—
Receivables	8,066	6,167	7,343	5,784	7,185	5,370	6,491	5,751	6,022	4,452
Inventory	1,536	1,384	1,371	1,324	1,355	1,156	1,047	976	951	811
Net property, plant and equipment	6,936	6,798	6,437	6,598	6,276	4,946	4,642	4,660	4,530	3,943
Goodwill	12,893	12,732	12,568	13,297	—	11,386	—	11,819	—	10,910
Other intangible assets	2,458	2,438	2,629	2,906	16,045	660	12,132	775	12,616	769
Long-term investments	804	902	718	1,016	789	1,016	805	1,033	730	744
Current liabilities	13,673	12,303	11,634	12,342	11,193	10,943	10,246	9,846	8,776	8,696
Accounts payable	6,812	3,348	6,103	3,081	5,586	2,400	4,955	1,900	4,867	1,620
Long-term debt	6,686	7,268	7,053	7,737	8,234	4,489	5,070	5,224	5,136	4,734
Total debt	9,153	9,051	9,428	—	—	—	—	—	—	—
Total liabilities	27,346	25,742	24,989	26,365	25,757	21,341	20,142	20,062	18,385	19,467
Total equity (incl. minority)	12,547	11,937	11,012	11,777	11,461	10,723	10,821	11,400	11,550	7,668
Retained earnings	5,050	4,773	3,861	4,038	3,430	3,024	2,894	3,132	3,161	414
Minority interest	172	153	174	161	202	164	203	185	223	232