Leonardo SpA Az nom Post raggruppamento

LDO: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Leonardo Earnings: Strong Quarter Highlights Defense Upswing and Expanding Multidomain Momentum

Loredana Muharremi

Nov 6, 2025

Leonardo delivered another strong quarter, with orders up 24%, revenue up 12%, and EBITA rising 23%, lifting the EBIT margin to 7% from 6.4%. Free operating cash flow and net debt improved, supported by broad momentum across helicopters, electronics, aeronautics, and cybersecurity.

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Leonardo SpA Az nom Post raggruppamento

Leonardo Earnings: Strong Quarter Highlights Defense Upswing and Expanding Multidomain Momentum

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