Marshall Aerospace posts £19.7m profit and £333m order intake in 2025, anticipates strong expansion under new ownership

Marshall Aerospace recorded a post-tax profit of £19.7 million for the year ended 31 December 2025, reversing a post-tax loss of £10.4 million in 2024, according to a directors' report issued by the company. Net assets stood at £53.6 million at year-end, down from £55.8 million in 2024. Gross margin rose to 40.6 per cent from 24.8 per cent, and operating profit margin improved to 10 per cent from -1.9 per cent, even as revenue fell 9.5 per cent to £131 million from £144 million, a decline attributed to procurement and approval delays affecting the sale of the majority of the UK Ministry of Defence's C-130 fleet to Türkiye, which meant related work only began in late Q4 and left hangar space under-utilised.

The C-130 sale crystallised final revenues under a 'Gain Share' contract with the MoD to upgrade eight retired aircraft with new centre wings, and it also enabled Marshall to sign a contract worth over £200 million with Türkiye's Ministry of National Defence in early 2025 for entry-into-service works. This drove total order intake to £333 million for the year, up from £71 million in 2024, with the order book extending through to 2029. Marshall also won a 14-year contract from Thales to produce sonar modules for the Royal Navy, which the company said diversifies it into the Marine Defence sector and places it within the UK's domestic network supporting continuous at-sea deterrents.

The directors' report states the company is in a strong position looking forward. A sale of Marshall Aerospace is subject to regulatory approvals, with strong expansion anticipated under the new ownership. The division is also seeking to relocate from its current Newmarket Road site in Cambridge, where business, residential and retail development is planned, to an as-yet-unannounced location.