QinetiQ Group PLC

QQ.

Equity

ISIN GB00B0WMWD03 / Valor 2416324

LSE London Stock Exchange, SETS (2025-11-18)

GBP 4.36-1.18%

QinetiQ Group PLC
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About company

QinetiQ Group PLC is a company that manages and operates testing and evaluation capabilities for air, land, sea, and target systems, providing defense departments, industry customers, and academia with a competitive edge through operational and tactical training exercises. Formed in July 2001 from the split of the Ministry of Defence's Defence Evaluation and Research Agency, QinetiQ is a team of scientists and engineers dedicated to understanding and responding to customers' needs, offering powerful solutions to their most pressing challenges.

Summarized from source with an LLMView SourceSector: Industrials

Revenue and Margin Outlook

For FY25, QinetiQ expects organic revenue growth of approximately 2% with an underlying margin of around 10%, factoring in £25-30 million in one-off charges. Looking ahead, the company projects revenue growth of 3-5% for FY26, with margins improving to between 11-12%.

Order Intake and Cash Conversion

The company forecasts a book-to-bill ratio exceeding 1 for the year, indicating strong order intake. QinetiQ also maintains a healthy cash conversion rate, with net debt expected to remain in line with the previous year.

Goodwill Impairment and Exceptional Charges

QinetiQ anticipates a goodwill impairment charge of approximately £140 million related to its US operations due to market conditions and operational performance. Additionally, the company expects £35-40 million in one-off exceptional, largely non-cash charges from legacy US operations.

Share Buyback Programme Extension

The company has announced an extension to its share buyback programme, increasing it to £200 million over the next two years. This move aligns with QinetiQ's strong cash generation and commitment to delivering value to shareholders.

Summarized from source with an LLMView Source

Key figures

2.49%1Y

28.0%3Y

41.9%5Y

Performance

44.2%1Y

33.0%3Y

30.6%5Y

Volatility