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BAE Systems Accounts Summary
| Date of Accounts | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Standard | IFRS | IFRS | IFRS | IFRS | IFRS |
| Millions | Millions | Millions | Millions | Millions | |
| Income Statement | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
| Revenue | 28,336.00 | 26,312.00 | 23,078.00 | 21,258.00 | 19,521.00 |
| Operating Profit / Loss | 2,925.00 | 2,685.00 | 2,573.00 | 2,204.00 | 2,250.00 |
| Net Interest | -353.00 | -353.00 | -247.00 | -395.00 | -279.00 |
| Pre Tax Profit | 2,572.00 | 2,332.00 | 2,326.00 | 1,989.00 | 2,110.00 |
| Post Tax Profit | 2,151.00 | 2,041.00 | 1,940.00 | 1,674.00 | 1,912.00 |
| Profit for the Period | 2,151.00 | 2,041.00 | 1,940.00 | 1,674.00 | 1,912.00 |
| Equity Holders of Parent Company | 2,062.00 | 1,956.00 | 1,857.00 | 1,591.00 | 1,758.00 |
| Minority Interests | 89.00 | 85.00 | 83.00 | 83.00 | 154.00 |
| Continuing EPS | |||||
| Earnings per Share (Basic) | 68.80p | 64.90p | 61.30p | 51.10p | 55.20p |
| Earnings per Share (Diluted) | 68.00p | 64.10p | 60.40p | 50.50p | 54.70p |
| Earnings per Share (Adjusted) | 75.20p | 68.50p | 63.20p | 55.50p | 47.80p |
| Continuing and Discontinued EPS | |||||
| Earnings per Share (Basic) | 68.80p | 64.90p | 61.30p | 51.10p | 55.20p |
| Earnings per Share (Diluted) | 68.00p | 64.10p | 60.40p | 50.50p | 54.70p |
| Earnings per Share (Adjusted) | 75.20p | 68.50p | 63.20p | 55.50p | 47.80p |
| Dividend per Share | 36.30p | 33.00p | 30.00p | 27.00p | 25.10p |
| Millions | Millions | Millions | Millions | Millions | |
| Balance Sheet | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
| Non-Current Assets | |||||
| Intangible Assets | 15,245.00 | 16,262.00 | 12,099.00 | 12,644.00 | 11,716.00 |
| Property, Plant and Equipment | 6,798.00 | 6,598.00 | 4,946.00 | 4,660.00 | 3,943.00 |
| Investments | 822.00 | 906.00 | 916.00 | 886.00 | 630.00 |
| Investment Properties | 37.00 | 38.00 | 57.00 | 63.00 | 67.00 |
| Other Financial Assets | 232.00 | 265.00 | 227.00 | 322.00 | 305.00 |
| Other Non-Current Assets | 2,398.00 | 2,320.00 | 2,046.00 | 2,253.00 | 1,656.00 |
| Total Non-Current Assets | 25,532.00 | 26,389.00 | 20,291.00 | 20,828.00 | 18,317.00 |
| Current Assets | |||||
| Inventories | 1,384.00 | 1,324.00 | 1,156.00 | 976.00 | 811.00 |
| Trade and Other Receivables | 3,125.00 | 2,914.00 | 6,185.00 | 6,166.00 | 4,825.00 |
| Cash at Bank and in Hand | 3,438.00 | 3,378.00 | 4,067.00 | 3,107.00 | 2,917.00 |
| Current Asset Investments | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | 4,200.00 | 4,137.00 | 365.00 | 385.00 | 265.00 |
| Total Current Assets | 12,147.00 | 11,753.00 | 11,773.00 | 10,634.00 | 8,818.00 |
| Other Assets | n/a | n/a | n/a | n/a | n/a |
| Total Assets | 37,679.00 | 38,142.00 | 32,064.00 | 31,462.00 | 27,135.00 |
| Current Liabilities | |||||
| Borrowings | 348.00 | 882.00 | 826.00 | 294.00 | 669.00 |
| Other Current Liabilities | 11,955.00 | 11,460.00 | 10,117.00 | 9,552.00 | 8,027.00 |
| Total Current Liabilities | 12,303.00 | 12,342.00 | 10,943.00 | 9,846.00 | 8,696.00 |
| Net Current Assets | n/a | n/a | n/a | n/a | n/a |
| Non-Current Liabilities | |||||
| Borrowings | 8,703.00 | 9,371.00 | 5,705.00 | 6,564.00 | 5,687.00 |
| Provisions | 415.00 | 377.00 | 342.00 | 343.00 | 408.00 |
| Other Non-Current Liabilities | 4,321.00 | 4,275.00 | 4,351.00 | 3,309.00 | 4,676.00 |
| Total Non-Current Liabilities | 13,439.00 | 14,023.00 | 10,398.00 | 10,216.00 | 10,771.00 |
| Net Assets | 11,937.00 | 11,777.00 | 10,723.00 | 11,400.00 | 7,668.00 |
| Capital and Reserves | |||||
| Share Capital | 79.00 | 80.00 | 81.00 | 82.00 | 85.00 |
| Share Premium Account | 1,253.00 | 1,253.00 | 1,253.00 | 1,252.00 | 1,252.00 |
| Other Reserves | 5,881.00 | 6,447.00 | 6,403.00 | 6,951.00 | 5,887.00 |
| Retained Earnings | 4,571.00 | 3,836.00 | 2,822.00 | 2,930.00 | 212.00 |
| Shareholders Funds | 11,784.00 | 11,616.00 | 10,559.00 | 11,215.00 | 7,436.00 |
| Minority Interests / Other Equity | 153.00 | 161.00 | 164.00 | 185.00 | 232.00 |
| Total Equity | 11,937.00 | 11,777.00 | 10,723.00 | 11,400.00 | 7,668.00 |
| 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 | |
| Operating Margin | 10.32% | 10.20% | 11.15% | 10.37% | 11.53% |
| Return on Capital Employed | 47.50% | 43.69% | 46.81% | 40.02% | 87.96% |
| Dividend Cover | 2.07 | 2.08 | 2.11 | 2.06 | 1.90 |
| Dividend Yield | 2.10 | 2.90 | 2.70 | 3.20 | 4.60 |
| PE Ratio | 22.80 | 16.80 | 17.60 | 15.40 | 11.50 |
| PEG | n/a | n/a | n/a | n/a | n/a |
| Dividend per Share Growth | n/a% | -9.09% | -9.09% | -10.00% | -7.04% |
| Net Asset Value per Share | -110.31p | -149.56p | -45.88p | -41.48p | -134.99p |