Leonardo S.p.a. Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,940	20,576	18,542	15,941	15,488	14,708
Revenue Growth (YoY)	8.66%	10.97%	16.32%	2.93%	5.30%	4.57%
Cost of Revenue	17,433	17,240	15,747	13,641	13,154	12,770
Gross Profit	2,507	3,336	2,795	2,300	2,334	1,938
Depreciation & Amortization Expenses	762	773	777	645	627	525
Other Operating Expenses	230	975	838	724	878	626
Total Operating Expenses	992	1,748	1,615	1,369	1,505	1,151
Operating Income	1,521	1,588	1,180	931	829	787
Interest Income	169	397	655	314	534	275
Interest Expense	-	-336	-389	-421	-380	-309
Other Non-Operating Income (Expense)	-125	-	-	-	-	-
Total Non-Operating Income (Expense)	44	61	266	-107	154	-34
Pretax Income	1,565	1,649	1,446	824	983	753
Provision for Income Taxes	332	315	289	129	51	166
Net Income	1,009	1,224	1,074	658	927	586
Minority Interest in Earnings	113	110	85	37	5	1
Earnings From Discontinued Operations	-211	-	2	-	-	-
Net Income to Common	1,009	1,224	1,074	658	927	586
Net Income Growth	0.50%	13.97%	63.22%	-29.02%	58.19%	143.15%
Shares Outstanding (Basic)	577	577	576	575	575	575
Shares Outstanding (Diluted)	577	577	576	575	575	575
Shares Change (YoY)	0.18%	0.17%	0.08%	-	0.01%	0.03%
EPS (Basic)	1.75	2.12	1.86	1.14	1.61	1.02
EPS (Diluted)	1.75	2.12	1.86	1.14	1.61	1.02
EPS Growth	0.29%	13.78%	63.02%	-28.99%	58.10%	143.20%
Shares Outstanding	576.94	576.94	576.44	575.31	575.31	575.31
Free Cash Flow	1,101	734	646	404	390	127
Free Cash Flow Growth	50.00%	13.62%	59.90%	3.59%	207.09%	-
Free Cash Flow Per Share	1.91	1.27	1.12	0.70	0.68	0.22
Dividends Per Share	0.630	0.630	0.520	0.280	0.140	0.140
Dividend Growth	-	21.15%	85.71%	100.00%	-	-
Gross Margin	12.57%	16.21%	15.07%	14.43%	15.07%	13.18%
Operating Margin	7.63%	7.72%	6.36%	5.84%	5.35%	5.35%
Profit Margin	6.18%	6.48%	6.24%	4.36%	6.02%	3.99%
FCF Margin	5.52%	3.57%	3.48%	2.53%	2.52%	0.86%
EBITDA	2,129	2,361	1,957	1,576	1,456	1,312
EBITDA Margin	10.68%	11.47%	10.55%	9.89%	9.40%	8.92%
EBIT	1,521	1,588	1,180	931	829	787
EBIT Margin	7.63%	7.72%	6.36%	5.84%	5.35%	5.35%
Effective Tax Rate	21.21%	19.10%	19.99%	15.66%	5.19%	22.05%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.