Business description: Leonardo S.p.A.

Leonardo S.p.A. is one of the European leaders in the design, manufacturing and marketing of aerospace defense systems. Net sales break down by family of products as follows:

- defence systems (38.9%): weapons, radars, etc.;

- helicopters (59.8%): civilian and military;

- aeronautical equipment (21.7%): aircraft, etc.;

- space systems (5,1%);

- cybersecurity solutions (3.5%);

- other (1%).

At the end of 2025, the group had 131 production sites located in Italy (61), the United Kingdom (9), the United States (27) and in other countries (34).

Net sales are distributed geographically as follows: Italy (23.3%), the United Kingdom (13.1%), Europe (16.8%), the United States (23.2%) and other (23.6%).

Number of employees: 65,455

Sales by Activity: Leonardo S.p.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Defence Electronics & Security (Excluding Cyber & Security Solutions)

- - - 775.8Cr 835Cr

Other Activities

38Cr 58Cr 76Cr 100.7Cr 64Cr

Defence Electronics & Security (Including Defence Systems)

694.4Cr 721.2Cr 748.3Cr - -

Helicopters

415.7Cr 454.7Cr 472.5Cr 524.9Cr 583.3Cr

Aeronautics Business

- - - - 423.8Cr

Aerostructures

362.2Cr 48Cr 64Cr 75Cr -

Space

- - - 91Cr 100.7Cr

Cyber & Security Solutions

- - - 65Cr 80Cr

Eliminations

-96Cr -118.5Cr -125.1Cr -141.2Cr -136.2Cr

Aircrafts

- 308.5Cr 293.8Cr 286.1Cr -

Geographical breakdown of sales: Leonardo S.p.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Rest of the World

376.1Cr 384.5Cr 326.7Cr 352.8Cr 459.6Cr

Italy

240Cr 206.1Cr 268.7Cr 324.2Cr 454.6Cr

United States of America

358.9Cr 395.2Cr 395.4Cr 413.2Cr 452.2Cr

Rest of Europe

306Cr 317.6Cr 373.2Cr 468.2Cr 328.4Cr

United Kingdom

132.5Cr 167.9Cr 165.1Cr 217.9Cr 255.5Cr

Executive Committee: Leonardo S.p.A.

Manager TitleAgeSince
Chief Executive Officer - 07/05/2026
Director of Finance/CFO - 01/11/2025
Compliance Officer - 01/06/2023
Investor Relations Contact - 01/10/2025
Corporate Secretary 52 -

Composition of the Board of Directors: Leonardo S.p.A.

Director TitleAgeSince
Director/Board Member 50 09/05/2023
Director/Board Member 69 09/05/2023
Director/Board Member 57 09/05/2023
Chairman 52 07/05/2026
Director/Board Member 47 09/05/2023
Director/Board Member 61 09/05/2023
Director/Board Member 52 07/05/2026
Director/Board Member 63 07/05/2026
Director/Board Member - 07/05/2026
Director/Board Member 67 07/05/2026

Shareholders: Leonardo S.p.A.

NameStocks%Valuation
Government of Italy
30.2 %
17,46,26,554 30.2 % 11 090 M €
Orbis Investment Management Ltd.
1.712 %
98,95,151 1.712 % 628 M €
0.2963 %
17,12,950 0.2963 % 109 M €
Mediolanum Gestione Fondi SGRpA
0.2653 %
15,33,785 0.2653 % 97 M €
Financière de l'Échiquier SA
0.2131 %
12,31,889 0.2131 % 78 M €
NameStocks%Valuation
RhumbLine Advisers LP
0.000617 %
7,136 0.000617 % 226 589 €
Pinnacle Wealth Management Advisory Group LLC
0.000573 %
6,625 0.000573 % 210 364 €
GAMMA Investing LLC
0.00033 %
3,819 0.00033 % 121 265 €
Salomon & Ludwin LLC
0.000068 %
783 0.000068 % 24 863 €
First Command Advisory Services, Inc.
0.00003 %
343 0.00003 % 10 891 €

Holdings: Leonardo S.p.A.

NameStocks%Valuation
18,97,45,07371.13% 9 252 M $
2,63,34,00022.8% 2 717 M $
64,18,89813.72% 323 M $
17,12,9500.3% 109 M $
1,33,33,33324.43% 36 M $

Company details: Leonardo S.p.A.

Leonardo SpA

Piazza Monte Grappa, 4

00195, Rome

+39 06 324731

http://www.leonardo.com
address Leonardo S.p.A.(LDO)

Group companies: Leonardo S.p.A.

NameCategory and Sector
Wholesale Distributors
Wholesale Distributors
Information Technology Services
Finance/Rental/Leasing
Finance/Rental/Leasing

Other Aerospace & Defense

Change 5-day change 1-year change 3-year change Capi.($)
0.00%-0.63%+5.25%+392.38% 3.48TCr
+2.77%+6.44%+48.70%+230.92% 36TCr
+1.70%+2.87%+27.52%+91.09% 25TCr
+2.55%+13.70%+57.33%+821.30% 15TCr
+1.27%+5.33%+30.37%+67.53% 9.71TCr
+1.19%+0.46%+10.79%+20.26% 7.74TCr
+2.20%-3.78%-3.50%+92.12% 6.94TCr
-4.23%-3.33%+294.09%+1,768.39% 6.32TCr
-0.40%-5.10%-34.91%+340.78% 6.21TCr
+2.06%+0.74%+25.30%+58.74% 5.67TCr
Average +0.91%+1.88%+46.09%+388.35% 12.16TCr
Weighted average by Cap. +1.63%+4.06%+44.76%+323.45%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
51.70EUR
Average target price
68.67EUR
Spread / Average Target
+32.82%

Quarterly revenue - Rate of surprise

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