Leonardo

LDO · Borsa Italiana · EUR

€47.33−0.13%−€0.06

Close · October 5, 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.

Income statement · 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 revenue	5,555	4,448	6,059	4,525	4,760	4,159	—	4,091	4,321	3,664	5,022	3,375
Cost of revenue	1,954	4,012	-325	4,029	1,553	3,792	—	3,670	3,874	3,319	111	5,147
Gross profit	3,601	436	6,384	496	3,207	367	—	421	447	345	4,911	-1,772
Selling, general and administrative	2,960	—	5,423	—	2,727	—	—	—	—	—	4,251	-2,156
Operating income	434	251	1,053	322	543	193	—	233	284	174	517	177
EBIT	434	251	1,053	322	543	193	—	233	284	174	517	177
EBITDA	508	422	1,168	606	611	351	—	533	334	341	615	438
Interest expense	17.0	23.0	55.0	32.0	15.0	35.0	—	54.0	—	17.0	58.0	32.0
Pre-tax income	376	240	749	258	488	154	—	192	176	490	446	96.0
Income tax	104	56.0	150	65.0	61.0	39.0	—	17.0	80.0	31.0	52.0	3.0
Net income	241	162	560	193	124	377	—	175	57.0	447	380	82.0
Net income to common shareholders	241	162	560	193	124	377	—	175	57.0	447	380	82.0
Basic EPS	0.42	0.28	0.97	—	0.22	0.65	—	0.30	0.10	0.78	0.66	0.14
Diluted EPS	0.42	0.28	0.97	—	0.22	0.65	—	0.30	0.10	0.78	0.66	0.14
Average shares (basic)	578	577	577	—	576	576	—	575	575	575	575	577
Average shares (diluted)	578	577	577	—	576	576	—	575	575	575	575	577
Dividend per share	—	—	0.63	—	—	—	—	—	—	—	0.28	—