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)

- - - 7.76B 8.35B

Other Activities

377M 579M 760M 1.01B 639M

Defence Electronics & Security (Including Defence Systems)

6.94B 7.21B 7.48B - -

Helicopters

4.16B 4.55B 4.72B 5.25B 5.83B

Aeronautics Business

- - - - 4.24B

Aerostructures

3.62B 475M 636M 746M -

Space

- - - 906M 1.01B

Cyber & Security Solutions

- - - 648M 798M

Eliminations

-965M -1.18B -1.25B -1.41B -1.36B

Aircrafts

- 3.08B 2.94B 2.86B -

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

3.76B 3.84B 3.27B 3.53B 4.6B

Italy

2.4B 2.06B 2.69B 3.24B 4.55B

United States of America

3.59B 3.95B 3.95B 4.13B 4.52B

Rest of Europe

3.06B 3.18B 3.73B 4.68B 3.28B

United Kingdom

1.32B 1.68B 1.65B 2.18B 2.56B

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 - 07/05/2026
Director/Board Member 52 07/05/2026
Director/Board Member 63 07/05/2026
Director/Board Member - 07/05/2026

Shareholders: Leonardo S.p.A.

NameStocks%Valuation
Government of Italy
30.2 %
174,626,554 30.2 % 11 090 M €
Orbis Investment Management Ltd.
1.712 %
9,895,151 1.712 % 628 M €
0.2963 %
1,712,950 0.2963 % 109 M €
Mediolanum Gestione Fondi SGRpA
0.2653 %
1,533,785 0.2653 % 97 M €
Financière de l'Échiquier SA
0.2119 %
1,224,847 0.2119 % 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
0.000267 %
3,093 0.000267 % 98 212 €
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
189,745,07371.13% 9 252 M $
26,334,00022.8% 2 717 M $
6,418,89813.72% 323 M $
1,712,9500.3% 109 M $
13,333,33324.43% 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
Information Technology Services
Finance/Rental/Leasing
Aerospace & Defense
Aerospace & Defense

Other Aerospace & Defense

Change 5-day change 1-year change 3-year change Capi.($)
-0.71%-1.35%+9.58%+366.85% 34.18B
+0.06%-4.83%+40.66%+223.03% 375B
+0.37%-1.67%+33.40%+99.87% 264B
+0.14%-4.37%+45.59%+887.57% 159B
+0.96%-4.16%+11.92%+12.21% 121B
+0.12%+0.41%+24.11%+72.70% 101B
+1.39%-1.71%+4.86%+17.12% 76.65B
+0.65%-6.59%-2.55%+105.35% 70.47B
-1.06%-10.68% - - 69.96B
+0.31%-3.74%+12.03%+47.31% 54.17B
Average +0.22%-4.11%+19.95%+203.56% 132.51B
Weighted average by Cap. +0.26%-3.94%+28.97%+226.09%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
51.82EUR
Average target price
68.33EUR
Spread / Average Target
+31.87%

Quarterly revenue - Rate of surprise

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