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Italian defence group Leonardo beats 2025 guidance, cuts debt

Published by Global Banking & Finance Review®

Posted on February 25, 2026

1 min read

Last updated: February 25, 2026

Italian defence group Leonardo beats 2025 guidance, cuts debt - Finance news and analysis from Global Banking & Finance Review

Quick Summary

Italy’s Leonardo said it beat 2025 guidance and cut net debt on stronger results. CEO Roberto Cingolani called it the culmination of a three‑year value‑accretion plan, per Reuters.

ROME, Feb 25 (Reuters) - Italian defence group Leonardo posted on Wednesday 2025 results above its financial targets, with a significant increase in all its key indicators and a substantial reduction in its debt.

New orders were up 14.5% year-on-year to 23.8 billion euros ($28.09 billion), lifted by a sizeable contract in the aeronautics sector and above a forecasted range of 22.25-22.75 billion euros.

Core profit rose just over 18% compared to 2024 to 1.75 billion euros, surpassing the expected 1.66 billion euros, on both higher volumes and increased profitability.

The group's net debt at the end of 2025 was down 44% to 1 billion euros from 1.8 billion euros the previous year, mainly thanks to the sale of the UAS underwater business to Italian shipbuilder Fincantieri in early 2025.

"We exceeded the challenging guidance, which had been already upgraded during the year. Such a performance represents the completion of the value-accretion path launched three years ago," Chief Executive Roberto Cingolani said in a statement.

($1 = 0.8472 euros)

(Reporting by Giulia Segreti in Rome, editing by Alvise Armellini)

Key Takeaways

•Italy’s Leonardo reported full-year 2025 results above its guidance.
•The group reduced net debt alongside improvements across key metrics.
•Management cited strong execution and a three‑year value‑accretion plan.
•CEO Roberto Cingolani highlighted upgraded targets met and exceeded.
•Report attributed to Reuters with a Rome dateline.

Frequently Asked Questions about Italian defence group Leonardo beats 2025 guidance, cuts debt

1What is the main topic?

Leonardo, Italy’s aerospace and defense group, reported 2025 financial results that exceeded its guidance and reduced net debt, indicating broad-based strength across key performance indicators.

2How did Leonardo perform versus guidance?

The company said its 2025 results came in above upgraded targets, reflecting higher orders, revenues and profitability, alongside improved cash generation that helped lower debt.

3Who commented on the results and what was said?

CEO Roberto Cingolani said Leonardo exceeded challenging, upgraded guidance and framed the outcome as the completion of a three‑year value‑accretion path.

Key Takeaways

•Italy’s Leonardo reported full-year 2025 results above its guidance.

•The group reduced net debt alongside improvements across key metrics.

•Management cited strong execution and a three‑year value‑accretion plan.

•CEO Roberto Cingolani highlighted upgraded targets met and exceeded.

•Report attributed to Reuters with a Rome dateline.

Frequently Asked Questions

1What is the main topic?

Leonardo, Italy’s aerospace and defense group, reported 2025 financial results that exceeded its guidance and reduced net debt, indicating broad-based strength across key performance indicators.

2How did Leonardo perform versus guidance?

The company said its 2025 results came in above upgraded targets, reflecting higher orders, revenues and profitability, alongside improved cash generation that helped lower debt.

3Who commented on the results and what was said?

CEO Roberto Cingolani said Leonardo exceeded challenging, upgraded guidance and framed the outcome as the completion of a three‑year value‑accretion path.