Overview

• The group’s underlying pre-tax profit rose to £1.68 bn in the first half of 2025 from £1.03 bn a year earlier, while operating profit climbed 50% to £1.73 bn.
• Civil aerospace revenues increased by 17% and power systems turnover grew 20%, reflecting progress in diversifying beyond jet engines.
• Its SMR division was chosen in June to build three UK small modular reactors and is targeting positive free cash flow by 2030.
• Rolls-Royce raised its full-year outlook to an operating profit of £3.1 bn–£3.2 bn and free cash flow of £3.0 bn–£3.1 bn for 2025.
• Shares jumped 9% to a record 1,077 pence in early trading, underscoring investor confidence in the multi-year turnaround.