- Safran
- 13 February 2026 08:35:05
Source: Sharecast
Safran reported revenues of €31.32bn for 2025, up 14.7% on 2024, driven by continued strength in civil aftermarket services, higher LEAP engine deliveries and solid momentum across its equipment and defence activities.
Spare parts revenue for civil engines rose 17.6%, while LEAP spare parts activity also contributed, in line with an increased number of shops visits performed by third-party MROs. Services revenue for civil engines increased by 30%, largely driven by the expansion of LEAP aftermarket activities under rate per flight hour contracts.
Safran's recurring operating income climbed 26.2% to €5.19bn and operating margins improved to 16.6%, up 150 basis points points, with the group stating that margin expansion reflected strong operating leverage, productivity gains and disciplined cost control.
However, Safran said one-off items came to €479m in FY25, resulting from a €244m pre-tax capital loss related to its divestment of Safran Passenger Innovations divestment, as well as €178 impairment charges for certain programs, and other costs such as M&A transactions and restructuring expenses.
Net income was up by 3.5% at €3.17bn in 2025, with basic and diluted earnings per share of €7.60 each, compared with basic EPS of €7.37 and diluted EPS of €7.29 in FY24.
Looking ahead, Safran said the strong performance gave it confidence to raise its 2028 financial ambitions, now targeting €7bn to €7.5bn in recurring operating income and €21bn cumulated free cash flow generation in 2024-2028, up from €6bn-6.5bn and €15bn-17bn, respectively.
As of 0835 GMT, Safran shares were up 6.38% at €326.90 each.
Reporting by Iain Gilbert at Sharecast.com