Leonardo

LDO · Borsa Italiana · EUR

€47.39−0.86%−€0.41

Close · October 2, 2026

At a glance

Revenue growth: +9.80%; 2025 vs 2024
Net income growth: +13.97%; 2025 vs 2024
Net margin: 6.3%; 2024: 6.0%

Financial data

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

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	37,061	24,132	34,509	22,548	32,696	22,686	33,673	21,674	31,569	21,902	30,693	20,193
Current assets	19,885	7,081	19,091	7,541	17,758	7,333	18,204	6,583	16,532	6,898	16,398	6,186
Cash and equivalents	986	1,493	3,238	1,593	1,808	1,869	2,556	885	1,067	1,818	2,407	895
Receivables	9,813	4,424	8,170	4,023	8,192	3,867	8,402	3,936	8,526	3,982	7,813	3,756
Inventory	8,488	1,152	7,028	1,925	7,045	1,590	6,520	1,673	6,214	1,053	5,693	1,534
Net property, plant and equipment	3,873	14,716	3,617	12,744	3,395	—	3,412	12,732	3,257	—	3,108	11,814
Goodwill	5,654	—	4,312	—	4,305	—	4,537	—	4,485	—	3,899	—
Other intangible assets	1,122	—	1,086	—	1,039	—	1,117	—	1,104	—	742	—
Long-term investments	1,776	—	1,864	—	1,678	—	1,899	—	1,786	—	2,101	—
Current liabilities	22,102	8,500	19,580	8,140	18,248	8,175	18,804	7,387	17,413	7,799	16,999	7,049
Accounts payable	3,922	3,682	3,504	3,827	3,511	3,746	3,763	3,522	3,299	3,137	3,268	3,057
Long-term debt	1,203	1,819	1,385	1,423	1,439	1,215	1,817	1,840	1,847	1,868	2,354	2,420
Total debt	4,513	4,569	4,489	4,212	4,248	4,206	4,700	4,358	4,374	4,966	—	—
Total liabilities	26,195	13,170	23,769	12,339	22,575	12,186	23,473	12,125	22,172	12,494	22,132	12,191
Total equity (incl. minority)	10,866	10,962	10,740	10,209	10,121	10,500	10,200	9,549	9,397	9,408	8,561	8,002
Retained earnings	7,424	—	7,430	—	6,754	—	6,555	—	6,030	—	5,660	—
Minority interest	1,196	1,191	1,180	1,145	1,122	1,172	1,210	1,099	1,091	1,081	761	544