QinetiQ Group plc (QQ.L), a defence technology company, on Thursday reported a return to profit for the year ended March 31, 2026, largely due to the absence of the goodwill impairment charge recorded in the previous year.
Profit before tax was £155.1 million for the year, compared with a loss before tax of £106.3 million a year ago, which included a £143.9 million goodwill impairment charge.
Excluding one-time items, underlying profit before tax rose to £229.6 million from £198.6 million in the previous year.
Operating profit totaled £169.8 million, versus an operating loss of £90.5 million last year.
Underlying operating profit increased to £247.2 million from £215.4 million a year ago.
EBITDA (earnings before interest, tax, depreciation and amortisation) grew to £289.9 million from £164.9 million a year earlier, and underlying EBITDA climbed to £343.7 million from £301.7 million.
Profit for the year came in at £107.5 million or 19.8p per share, compared with a loss of £185.7 million or 33p per share last year.
Underlying profit for the year rose to £168.5 million or 31p per share, compared with £147.0 million or 25.8p per share in the prior year.
Revenue edged down to £1.923 billion from £1.932 billion in the prior year.
The board has proposed a final dividend of 8p per share, up from 6.05p per share last year, to be paid on August 20, to shareholders of record on July 24.
For fiscal 2027, the company expects revenue growth of 3%-5% and EPS growth of 8%-10%.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.