Leonardo S.p.a. (ETR:FMNB)

Leonardo S.p.a. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	19,131	17,763	15,291	14,713	14,135	13,410
Revenue Growth (YoY)	11.89%	16.17%	3.93%	4.09%	5.41%	-2.71%
Cost of Revenue	11,876	10,661	9,334	9,038	8,877	8,524
Gross Profit	7,255	7,102	5,957	5,675	5,258	4,886
Selling, General & Admin	5,050	5,050	4,251	3,993	3,751	3,416
Other Operating Expenses	-15	-15	78	109	41	56
Operating Expenses	5,687	5,694	4,875	4,645	4,230	3,951
Operating Income	1,568	1,408	1,082	1,030	1,028	935
Interest Expense	-123	-138	-147	-120	-140	-172
Interest & Investment Income	53	53	33	5	1	3
Earnings From Equity Investments	113	121	148	142	-	26
Currency Exchange Gain (Loss)	-22	-27	8	6	-7	-24
Other Non Operating Income (Expenses)	-93	-123	-141	122	-38	-91
EBT Excluding Unusual Items	1,496	1,294	983	1,185	844	677
Merger & Restructuring Charges	-17	-25	-59	-118	-88	-59
Gain (Loss) on Sale of Investments	366	366	-	-	138	-
Gain (Loss) on Sale of Assets	2	2	-1	-	-	2
Asset Writedown	-61	-61	-45	-20	-42	-268
Other Unusual Items	-298	-130	-54	-64	-99	-97
Pretax Income	1,488	1,446	824	983	753	255
Income Tax Expense	326	289	129	51	166	12
Earnings From Continuing Operations	1,162	1,157	695	932	587	243
Earnings From Discontinued Operations	2	2	-	-	-	-
Net Income to Company	1,164	1,159	695	932	587	243
Minority Interest in Earnings	-105	-85	-37	-5	-1	-2
Net Income	1,059	1,074	658	927	586	241
Net Income to Common	1,059	1,074	658	927	586	241
Net Income Growth	-	63.22%	-29.02%	58.19%	143.15%	-70.65%
Shares Outstanding (Basic)	-	576	575	575	575	575
Shares Outstanding (Diluted)	-	576	575	575	575	575
Shares Change (YoY)	-	0.08%	-	0.01%	0.03%	0.03%
EPS (Basic)	-	1.87	1.14	1.61	1.02	0.42
EPS (Diluted)	-	1.87	1.14	1.61	1.02	0.42
EPS Growth	-	63.09%	-29.02%	58.17%	143.09%	-70.65%
Free Cash Flow	747	646	404	390	127	-36
Free Cash Flow Per Share	-	1.12	0.70	0.68	0.22	-0.06
Dividend Per Share	0.520	0.520	0.280	0.140	0.140	-
Dividend Growth	85.71%	85.71%	100.00%	-	-	-
Gross Margin	37.92%	39.98%	38.96%	38.57%	37.20%	36.44%
Operating Margin	8.20%	7.93%	7.08%	7.00%	7.27%	6.97%
Profit Margin	5.54%	6.05%	4.30%	6.30%	4.15%	1.80%
Free Cash Flow Margin	3.91%	3.64%	2.64%	2.65%	0.90%	-0.27%
EBITDA	2,015	1,862	1,473	1,386	1,347	1,294
EBITDA Margin	10.53%	10.48%	9.63%	9.42%	9.53%	9.65%
D&A For EBITDA	447	454	391	356	319	359
EBIT	1,568	1,408	1,082	1,030	1,028	935
EBIT Margin	8.20%	7.93%	7.08%	7.00%	7.27%	6.97%
Effective Tax Rate	21.91%	19.99%	15.65%	5.19%	22.05%	4.71%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.