BAE SYSTEMS PLC financials
BAE SYSTEMS PLC
Country: GB Reporting currency: GBP Latest annual report: 2025-12-31
LEI:
8SVCSVKSGDWMW2QHOH83 Financial statements
(GBP, as reported — unscaled; 120 line items across 2 annual periods)
| Line item | 2025 | 2024 |
|---|---|---|
| Income statement | ||
| Revenue | £28.34B | £26.31B |
| Other income | £233.0M | £266.0M |
| Operating expenses | £25.84B | £24.11B |
| Operating profit (EBIT) | £2.92B | £2.69B |
| Net finance income / (cost) | -£353.0M | -£353.0M |
| Finance costs | £488.0M | £488.0M |
| Profit before tax | £2.57B | £2.33B |
| Income tax expense | £421.0M | £291.0M |
| Profit for the year | £2.15B | £2.04B |
| — attributable to owners | £2.06B | £1.96B |
| — attributable to NCI | £89.0M | £85.0M |
| Total comprehensive income | £1.58B | £2.48B |
| Per share | ||
| Basic EPS | £0.69 | £0.65 |
| Diluted EPS | £0.68 | £0.64 |
| Cash flow statement | ||
| Net cash from operating activities | £3.43B | £3.92B |
| Net cash from investing activities | -£541.0M | -£5.27B |
| Purchase of intangibles | £183.0M | £173.0M |
| Net cash from financing activities | -£2.77B | £695.0M |
| Dividends paid | £1.11B | £1.03B |
| Proceeds from borrowings | £0 | £3.18B |
| Repayments of borrowings | £0 | £3.17B |
| Lease liability payments | £187.0M | £190.0M |
| Net change in cash | £117.0M | -£649.0M |
| Balance sheet | ||
| Total assets | £37.68B | £38.14B |
| Non-current assets | £25.53B | £26.39B |
| Property, plant & equipment | £5.16B | £4.84B |
| Right-of-use assets | £1.64B | £1.75B |
| Intangible assets & goodwill | £12.73B | £13.30B |
| Current assets | £12.15B | £11.75B |
| Inventories | £1.38B | £1.32B |
| Trade & other receivables | £3.13B | £2.91B |
| Cash & equivalents | £3.44B | £3.38B |
| Total equity | £11.94B | £11.78B |
| — attributable to owners | £11.78B | £11.62B |
| Non-controlling interests | £153.0M | £161.0M |
| Non-current liabilities | £13.44B | £14.02B |
| Long-term borrowings | £7.19B | £7.71B |
| Lease liabilities (non-current) | £1.51B | £1.66B |
| Current liabilities | £12.30B | £12.34B |
| Short-term borrowings | £95.0M | £699.0M |
| Lease liabilities (current) | £253.0M | £183.0M |
| Trade & other payables | £6.69B | £6.38B |
| Deferred tax liabilities | £26.0M | £14.0M |
| Derived metrics | ||
| Operating margin | 10.3% | 10.2% |
| Net margin | 7.6% | 7.8% |
| Return on equity | 18.0% | 17.3% |
| Cash conversion ratio | 1.60× | 1.92× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | -£110.0M | -£144.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -£723.0M | -£121.0M |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | £1.17B | £1.10B |
| Adjustments For Finance Income Cost | -£353.0M | -£353.0M |
| Adjustments For Gain Loss On Disposal of Investments In Subsidiaries Joint Ventures and Associates | £12.0M | £94.0M |
| Adjustments For Income Tax Expense | £421.0M | £291.0M |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | -£50.0M | -£249.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | £488.0M | £1.01B |
| Adjustments For Provisions | £16.0M | £24.0M |
| Adjustments For Sharebased Payments | £174.0M | £144.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | £194.0M | £213.0M |
| Amount Removed From Reserve of Cash Flow Hedges and Included In Initial Cost Or Other Carrying Amount of Nonfinancial Asset Liability Or Firm Commitment For Which Fair Value Hedge Accounting Is Applied | £31.0M | -£5.0M |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | £42.0M | £194.0M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | £8.0M | £4.78B |
| Comprehensive Income Attributable To Noncontrolling Interests | £79.0M | £87.0M |
| Comprehensive Income Attributable To Owners of Parent | £1.50B | £2.40B |
| Current Contract Liabilities | £4.82B | £4.50B |
| Current Derivative Financial Assets | £183.0M | £212.0M |
| Current Derivative Financial Liabilities | £173.0M | £264.0M |
| Current Provisions | £232.0M | £254.0M |
| Current Receivables From Contracts With Customers | £3.83B | £3.75B |
| Current Tax Assets Current | £183.0M | £176.0M |
| Current Tax Liabilities Current | £44.0M | £55.0M |
| Deferred Tax Assets | £172.0M | £315.0M |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | £1.03B | £937.0M |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | £86.0M | £89.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | £684.0M | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | £0.23 | — |
| Dividends Received From Investments Accounted For Using Equity Method Classified As Investing Activities | £299.0M | £158.0M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -£57.0M | -£40.0M |
| Finance Income | £135.0M | £135.0M |
| Gains Losses On Cash Flow Hedges Before Tax | £44.0M | -£36.0M |
| Gains Losses On Exchange Differences On Translation Before Tax | -£608.0M | £4.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | £6.0M | £7.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | £28.0M | £25.0M |
| Income Taxes Paid Refund Classified As Operating Activities | £196.0M | £175.0M |
| Increase Decrease Through Sharebased Payment Transactions | £226.0M | £145.0M |
| Increase Decrease Through Treasury Share Transactions | -£502.0M | -£551.0M |
| Intangible Assets Other Than Goodwill | £2.51B | £2.96B |
| Interest Paid Classified As Financing Activities | £512.0M | £543.0M |
| Interest Received Classified As Investing Activities | £79.0M | £130.0M |
| Investment Accounted For Using Equity Method | £698.0M | £823.0M |
| Investment Property | £37.0M | £38.0M |
| Issued Capital | £79.0M | £80.0M |
| Liabilities | £25.74B | £26.36B |
| Net Assets Liabilities | £11.94B | £11.78B |
| Noncurrent Contract Liabilities | £1.75B | £1.72B |
| Noncurrent Derivative Financial Assets | £232.0M | £265.0M |
| Noncurrent Derivative Financial Liabilities | £248.0M | £193.0M |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | £124.0M | £83.0M |
| Noncurrent Provisions | £389.0M | £363.0M |
| Noncurrent Receivables From Contracts With Customers | £117.0M | £108.0M |
| Noncurrent Recognised Assets Defined Benefit Plan | £1.25B | £1.27B |
| Noncurrent Recognised Liabilities Defined Benefit Plan | £406.0M | £503.0M |
| Other Comprehensive Income | -£570.0M | £441.0M |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | £12.0M | £0 |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | -£7.0M | £414.0M |
| Other Noncurrent Payables | £1.92B | £1.86B |
| Other Noncurrent Receivables | £859.0M | £626.0M |
| Other Reserves | £5.88B | £6.45B |
| Payments To Acquire Or Redeem Entitys Shares | £502.0M | £555.0M |
| Proceeds From Government Grants Classified As Investing Activities | £122.0M | £153.0M |
| Proceeds From Issue of Bonds Notes and Debentures | £0 | £3.75B |
| Purchase of Interests In Investments Accounted For Using Equity Method | £1.0M | £0 |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | £2.0M | £0 |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | -£11.0M | -£69.0M |
| Reclassification Adjustments On Exchange Differences On Translation Before Tax | -£21.0M | -£3.0M |
| Repayments of Bonds Notes and Debentures | £562.0M | £626.0M |
| Retained Earnings | £4.57B | £3.84B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | -£6.0M | £4.0M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net of Tax | -£3.0M | £15.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | £194.0M | £213.0M |
| Share Premium | £1.25B | £1.25B |
Methodology
Every line item above is a fact tagged in BAE SYSTEMS PLC's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (GBP), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.