BAE Systems plc Financials

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Assets
Current Assets	£12.1B	£11.8B	£11.8B	£10.6B	£8.8B	£9.4B	+3.4%
Inventories	£1.4B	£1.3B	£1.2B	£976.0M	£811.0M	£858.0M	+4.5%
Trade Receivables	£3.1B	—	—	—	—	—	—
Non-Current Assets	£25.5B	£26.4B	£20.3B	£20.8B	£18.3B	£18.1B	-3.2%
Cash & Equivalents	£3.4B	£3.4B	£4.1B	£3.1B	£2.9B	£2.8B	+1.8%
Investment Property	£37.0M	£38.0M	£57.0M	£63.0M	£67.0M	£128.0M	-2.6%
Property, Plant & Equipment	£5.2B	£4.8B	£3.6B	£3.2B	£2.9B	£2.7B	+6.5%
Goodwill	£12.7B	£13.3B	—	—	—	—	-4.2%
Intangible Assets	£2.5B	£3.0B	—	—	—	—	-15.2%
Deferred Tax Assets	£172.0M	£315.0M	£609.0M	£338.0M	£622.0M	£972.0M	-45.4%
Current Tax Assets	—	£176.0M	£160.0M	£133.0M	£71.0M	£6.0M	—
Total Assets	£37.7B	£38.1B	£32.1B	£31.5B	£27.1B	£27.5B	-1.2%
Liabilities
Current Liabilities	£12.3B	£12.3B	£10.9B	£9.8B	£8.7B	£9.4B	-0.3%
Trade Payables	£6.7B	£6.4B	£5.4B	£5.0B	£4.6B	£4.9B	+4.7%
Non-Current Liabilities	£13.4B	£14.0B	£10.4B	£10.2B	£10.8B	£13.2B	-4.2%
Deferred Tax Liabilities	£26.0M	£14.0M	£10.0M	£5.0M	£77.0M	—	+85.7%
Current Tax Liabilities	—	£55.0M	£285.0M	£103.0M	£27.0M	£72.0M	—
Total Liabilities	£25.7B	£26.4B	£21.3B	£20.1B	£19.5B	£22.6B	-2.4%
Equity
Share Capital	£79.0M	£80.0M	£81.0M	£82.0M	£85.0M	£87.0M	-1.3%
Share Premium	£1.3B	£1.3B	£1.3B	£1.3B	£1.3B	£1.2B	+0.0%
Retained Earnings	£4.6B	£3.8B	£2.8B	£2.9B	£212.0M	-£2.6B	+19.2%
Other Reserves	£5.9B	£6.4B	£6.4B	£7.0B	£5.9B	£5.9B	-8.8%
Minority Interests	£153.0M	£161.0M	£164.0M	£185.0M	£232.0M	£278.0M	-5.0%
Total Equity	£11.9B	£11.8B	£10.7B	£11.4B	£7.7B	£4.9B	+1.4%

Currency: GBPPeriods: 6

Source: Annual Reports

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Assets
Current Assets	£12.1B	£11.8B	£11.8B	£10.6B	£8.8B	£9.4B	+3.4%
Inventories	£1.4B	£1.3B	£1.2B	£976.0M	£811.0M	£858.0M	+4.5%
Trade Receivables	£3.1B	—	—	—	—	—	—
Non-Current Assets	£25.5B	£26.4B	£20.3B	£20.8B	£18.3B	£18.1B	-3.2%
Cash & Equivalents	£3.4B	£3.4B	£4.1B	£3.1B	£2.9B	£2.8B	+1.8%
Investment Property	£37.0M	£38.0M	£57.0M	£63.0M	£67.0M	£128.0M	-2.6%
Property, Plant & Equipment	£5.2B	£4.8B	£3.6B	£3.2B	£2.9B	£2.7B	+6.5%
Goodwill	£12.7B	£13.3B	—	—	—	—	-4.2%
Intangible Assets	£2.5B	£3.0B	—	—	—	—	-15.2%
Deferred Tax Assets	£172.0M	£315.0M	£609.0M	£338.0M	£622.0M	£972.0M	-45.4%
Current Tax Assets	—	£176.0M	£160.0M	£133.0M	£71.0M	£6.0M	—
Total Assets	£37.7B	£38.1B	£32.1B	£31.5B	£27.1B	£27.5B	-1.2%
Liabilities
Current Liabilities	£12.3B	£12.3B	£10.9B	£9.8B	£8.7B	£9.4B	-0.3%
Trade Payables	£6.7B	£6.4B	£5.4B	£5.0B	£4.6B	£4.9B	+4.7%
Non-Current Liabilities	£13.4B	£14.0B	£10.4B	£10.2B	£10.8B	£13.2B	-4.2%
Deferred Tax Liabilities	£26.0M	£14.0M	£10.0M	£5.0M	£77.0M	—	+85.7%
Current Tax Liabilities	—	£55.0M	£285.0M	£103.0M	£27.0M	£72.0M	—
Total Liabilities	£25.7B	£26.4B	£21.3B	£20.1B	£19.5B	£22.6B	-2.4%
Equity
Share Capital	£79.0M	£80.0M	£81.0M	£82.0M	£85.0M	£87.0M	-1.3%
Share Premium	£1.3B	£1.3B	£1.3B	£1.3B	£1.3B	£1.2B	+0.0%
Retained Earnings	£4.6B	£3.8B	£2.8B	£2.9B	£212.0M	-£2.6B	+19.2%
Other Reserves	£5.9B	£6.4B	£6.4B	£7.0B	£5.9B	£5.9B	-8.8%
Minority Interests	£153.0M	£161.0M	£164.0M	£185.0M	£232.0M	£278.0M	-5.0%
Total Equity	£11.9B	£11.8B	£10.7B	£11.4B	£7.7B	£4.9B	+1.4%

Currency: GBPPeriods: 6

Source: Annual Reports

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Assets
Current Assets	£12.1B	£11.8B	£11.8B	£10.6B	£8.8B	£9.4B	+3.4%
Inventories	£1.4B	£1.3B	£1.2B	£976.0M	£811.0M	£858.0M	+4.5%
Trade Receivables	£3.1B	—	—	—	—	—	—
Non-Current Assets	£25.5B	£26.4B	£20.3B	£20.8B	£18.3B	£18.1B	-3.2%
Cash & Equivalents	£3.4B	£3.4B	£4.1B	£3.1B	£2.9B	£2.8B	+1.8%
Investment Property	£37.0M	£38.0M	£57.0M	£63.0M	£67.0M	£128.0M	-2.6%
Property, Plant & Equipment	£5.2B	£4.8B	£3.6B	£3.2B	£2.9B	£2.7B	+6.5%
Goodwill	£12.7B	£13.3B	—	—	—	—	-4.2%
Intangible Assets	£2.5B	£3.0B	—	—	—	—	-15.2%
Deferred Tax Assets	£172.0M	£315.0M	£609.0M	£338.0M	£622.0M	£972.0M	-45.4%
Current Tax Assets	—	£176.0M	£160.0M	£133.0M	£71.0M	£6.0M	—
Total Assets	£37.7B	£38.1B	£32.1B	£31.5B	£27.1B	£27.5B	-1.2%
Liabilities
Current Liabilities	£12.3B	£12.3B	£10.9B	£9.8B	£8.7B	£9.4B	-0.3%
Trade Payables	£6.7B	£6.4B	£5.4B	£5.0B	£4.6B	£4.9B	+4.7%
Non-Current Liabilities	£13.4B	£14.0B	£10.4B	£10.2B	£10.8B	£13.2B	-4.2%
Deferred Tax Liabilities	£26.0M	£14.0M	£10.0M	£5.0M	£77.0M	—	+85.7%
Current Tax Liabilities	—	£55.0M	£285.0M	£103.0M	£27.0M	£72.0M	—
Total Liabilities	£25.7B	£26.4B	£21.3B	£20.1B	£19.5B	£22.6B	-2.4%
Equity
Share Capital	£79.0M	£80.0M	£81.0M	£82.0M	£85.0M	£87.0M	-1.3%
Share Premium	£1.3B	£1.3B	£1.3B	£1.3B	£1.3B	£1.2B	+0.0%
Retained Earnings	£4.6B	£3.8B	£2.8B	£2.9B	£212.0M	-£2.6B	+19.2%
Other Reserves	£5.9B	£6.4B	£6.4B	£7.0B	£5.9B	£5.9B	-8.8%
Minority Interests	£153.0M	£161.0M	£164.0M	£185.0M	£232.0M	£278.0M	-5.0%
Total Equity	£11.9B	£11.8B	£10.7B	£11.4B	£7.7B	£4.9B	+1.4%

Currency: GBPPeriods: 6

Source: Annual Reports

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Assets
Current Assets	£12.1B	£11.8B	£11.8B	£10.6B	£8.8B	£9.4B	+3.4%
Inventories	£1.4B	£1.3B	£1.2B	£976.0M	£811.0M	£858.0M	+4.5%
Trade Receivables	£3.1B	—	—	—	—	—	—
Non-Current Assets	£25.5B	£26.4B	£20.3B	£20.8B	£18.3B	£18.1B	-3.2%
Cash & Equivalents	£3.4B	£3.4B	£4.1B	£3.1B	£2.9B	£2.8B	+1.8%
Investment Property	£37.0M	£38.0M	£57.0M	£63.0M	£67.0M	£128.0M	-2.6%
Property, Plant & Equipment	£5.2B	£4.8B	£3.6B	£3.2B	£2.9B	£2.7B	+6.5%
Goodwill	£12.7B	£13.3B	—	—	—	—	-4.2%
Intangible Assets	£2.5B	£3.0B	—	—	—	—	-15.2%
Deferred Tax Assets	£172.0M	£315.0M	£609.0M	£338.0M	£622.0M	£972.0M	-45.4%
Current Tax Assets	—	£176.0M	£160.0M	£133.0M	£71.0M	£6.0M	—
Total Assets	£37.7B	£38.1B	£32.1B	£31.5B	£27.1B	£27.5B	-1.2%
Liabilities
Current Liabilities	£12.3B	£12.3B	£10.9B	£9.8B	£8.7B	£9.4B	-0.3%
Trade Payables	£6.7B	£6.4B	£5.4B	£5.0B	£4.6B	£4.9B	+4.7%
Non-Current Liabilities	£13.4B	£14.0B	£10.4B	£10.2B	£10.8B	£13.2B	-4.2%
Deferred Tax Liabilities	£26.0M	£14.0M	£10.0M	£5.0M	£77.0M	—	+85.7%
Current Tax Liabilities	—	£55.0M	£285.0M	£103.0M	£27.0M	£72.0M	—
Total Liabilities	£25.7B	£26.4B	£21.3B	£20.1B	£19.5B	£22.6B	-2.4%
Equity
Share Capital	£79.0M	£80.0M	£81.0M	£82.0M	£85.0M	£87.0M	-1.3%
Share Premium	£1.3B	£1.3B	£1.3B	£1.3B	£1.3B	£1.2B	+0.0%
Retained Earnings	£4.6B	£3.8B	£2.8B	£2.9B	£212.0M	-£2.6B	+19.2%
Other Reserves	£5.9B	£6.4B	£6.4B	£7.0B	£5.9B	£5.9B	-8.8%
Minority Interests	£153.0M	£161.0M	£164.0M	£185.0M	£232.0M	£278.0M	-5.0%
Total Equity	£11.9B	£11.8B	£10.7B	£11.4B	£7.7B	£4.9B	+1.4%

Currency: GBPPeriods: 6

Source: Annual Reports