Melrose posted FY 2025 adjusted revenue of GBP 3.6 billion, up 8%, and adjusted operating profit of GBP 647 million, up 23%, with adjusted operating margin at 18.0% (up 240 bps). Diluted EPS was 32.1p, up 25%. Free cash flow (after interest and tax) was GBP 125 million, improving by GBP 199 million. By division, Engines delivered FY 2025 revenue of GBP 1.6 billion (+15%) and adjusted operating profit of GBP 520 million (+27%), with margin at 31.9% (up 300 bps). Airframes reported FY 2025 revenue of GBP 2.0 billion (+3%) and adjusted operating profit of GBP 156 million (+10%), with margin at 8.0% (up 80 bps). Melrose proposed a final dividend of 4.8p per share, taking the FY dividend to 7.2p (+20%). Net debt was GBP 1.4 billion, with leverage of 1.8x, and the company said it spent GBP 173 million on share buybacks in 2025, with around GBP 60 million expected to be spent in Q1 2026. Operational and commercial updates included multi-year fan blade repair contracts with Pratt & Whitney and Rolls-Royce, successful repricing of the defence portfolio with more than 90% now “sustainably priced,” and an agreement with Sweden’s FMV to develop a clean-sheet uncrewed air vehicle, alongside a collaboration agreement with Anduril on next-generation UAV solutions for UK defence. Melrose also cited completion of its multi-year transformation programme, including site consolidation and exit of non-core businesses, and reported a 32% reduction in total incident rate and a 19% improvement in quality. For 2026, Melrose guided to revenue of GBP 3.8 billion to GBP 4.0 billion, adjusted operating profit of GBP 700 million to GBP 750 million, and free cash flow of GBP 150 million to GBP 200 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Melrose Industries plc published the original content used to generate this news brief on February 27, 2026, and is solely responsible for the information contained therein.