Babcock International Group has declared a final dividend of 4.5 pence per ordinary share (FY24: 3.3 pence), payable on Tuesday 30 September 2025 to shareholders whose names appear on the register at the close of business on Friday 22 August 2025. If approved by the Shareholders at the AGM on 25 September 2025 this will give a total dividend for the year of 6.5 pence (FY24: 5.0 pence). Shareholders may participate in the dividend reinvestment plan, and elections must be made by Tuesday, 9 September 2025. Details of the dividend re-investment plan can be found, and shareholders can make elections, at www.babcock-shares.com.
Other financial highlights:
• Contract backlog: £10.4 billion, large Land and Aviation awards offset execution on long-term contracts
• Revenue: grew 11% on an organic basis, driven by strong growth in Nuclear and Marine
• Statutory operating profit: up 51% to £364 million. FY24 included two non-recurring items, a £90 million contract loss and a one-off £17 million profit on disposal of property
• Underlying operating profit: up 53% to £363 million, or up 17% excluding the FY24 non-recurring items noted above, driven by strong performance in Nuclear and Land
• Underlying operating margin: up 50-basis points to 7.5% excluding the FY24 non-recurring items, with increased margin in Nuclear, Land and Aviation
• Underlying EPS: 50.3 pence, up 23% excluding the FY24 non-recurring items, due to higher operating profit and a lower interest charge
• Underlying free cash flow: £153 million, underlying operating cash conversion of 82%
• Net debt excluding leases reduced by £110 million to £101 million delivering a gearing ratio of 0.3x (FY24: 0.8x)
