QinetiQ Group (QQ) Q1 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 TU earnings summary
9 Feb, 2026Executive summary
First quarter operational performance was strong, supporting high single digit organic revenue growth and stable margins, in line with FY25 guidance.
Revenue under contract for the full year increased to 73%, up from 64% in April 2024.
Share buyback programme of £100m is progressing, with £32m of shares purchased by the end of Q1.
Financial highlights
High single digit organic revenue growth achieved in the first quarter, with good cash conversion.
Revenue under contract for the year rose to 73%, indicating strong order intake.
Outlook and guidance
On track to deliver FY25 expectations for revenue growth and margin.
Confident in achieving FY27 target of approximately £2.4bn organic revenue at around 12% margin.
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