Rolls Royce Holding PLC (PK) (RYCEF)

Rolls-Royce (LSE: RR., ADR: RYCEY) is celebrating a major milestone for its Trent XWB-84 Enhanced Performance (EP) engine, which has delivered almost double the baseline of anticipated fuel savings during its first year in service.

Enabled by the ongoing transformation of Rolls-Royce, the first Trent XWB-84 EP entered service in May 2025 as part of a £1 billion investment in its modern Trent fleet. Certified with a two-decibel noise reduction and an initial one percent fuel burn saving compared to the standard Trent XWB-84, data from the first 34 engines in service across three major operators shows the engine is delivering a 1.8% reduction in fuel consumption.

This improvement translates to around $450,000 in annual fuel savings per aircraft, or around $9 million per year for a typical fleet of 20 Airbus A350-900s. The Trent XWB-84 EP is on track to reach 100,000 flying hours in its first year, demonstrating its reliability and positive impact on customers’ operational efficiency and sustainability.

For the last 10 years, longstanding Rolls-Royce partner, Singapore Airlines, has relied on the Trent XWB-84 to power its A350-900 medium-haul, long-haul, and ultra-long-range operations.

Mr Lau Hwa Peng, Senior Vice President, Engineering, Singapore Airlines, said:
Since 2016, the Rolls-Royce Trent XWB-84 engine has played an important role in Singapore Airlines’ Airbus A350-900 operations. It has enabled us to successfully grow our network and operate on some of the most challenging routes, including the world’s longest non-stop services to the United States with our A350-900 ULR aircraft. We also appreciate the continued collaboration and support from Rolls-Royce, including ongoing improvements?for the Trent XWB-84 EP, which contribute to better fuel efficiency and help strengthen network resilience.”

Adam Davies, Director Commercial Aviation, Trent XWB for Rolls-Royce, said:
This milestone is proof that the investments we have made in our Trent family are delivering real-world results, supporting our customers’ operational efficiency and sustainability goals. We are delighted our target of at least one percent improvement in fuel burn has been comfortably surpassed. I would like to thank our partners, including Singapore Airlines, for their ongoing trust in the Trent XWB family.”

Rolls-Royce continues to produce both the standard and EP variants of the Trent XWB-84 to meet diverse customer needs, with the EP engine now setting a new benchmark for fuel efficiency in the industry.

WEDNESDAY 29 APRIL 2026 18:00 PM

Rolls-Royce wins back LATAM Airlines with order for Trent 1000 XE engines


Rolls-Royce (LSE: RR., ADR: RYCEY)?has been selected by?LATAM Airlines?to power three Boeing 787 Dreamliners with Trent 1000 XE engines.

The Trent 1000 XE engines feature several upgrades following Rolls-Royce's certified two-phase durability enhancement program. This includes a re-engineered high-pressure turbine (HPT) blade that increases cooling air flow by 40%, offering more than double the time-on-wing of its predecessor.

The combination of dramatically increased durability, significant investment in expanding maintenance, repair and overhaul (MRO) capacity; as well as the engine’s reliability in operation, is already creating fleets among our customers that are free of aircraft on the ground (AOG), something which is industry-leading performance.

Tufan Erginbilgic – Chief Executive Officer, Rolls-Royce, said:
We’re proud that LATAM Airlines has returned to Rolls-Royce as its Boeing 787 engine partner.

This order demonstrates growing market confidence in the Trent 1000 XE and reflects the benefits that our ongoing transformation is delivering. Our significant investments to improve Time on Wing and expand our MRO network mean we are giving customers like LATAM Airlines a truly competitive engine choice that can help them achieve their growth ambitions.

I am confident the decision to select Trent 1000 XE engines for their latest Boeing 787 aircraft, coupled with a strong long-term relationship with Rolls-Royce, will help LATAM achieve their market ambitions.”

Roberto Alvo, CEO LATAM Airlines Group, said:
This agreement reflects the long-standing relationship we have built with Rolls-Royce over time, alongside the evolution of the Trent 1000 engine since 2012. The incorporation of the Trent 1000 XE on our Boeing 787 aircraft supports our efforts to enhance operational efficiency, while providing optionality to capture growth opportunities as we continue developing our long-haul network.”

Confidence in the Trent 1000 XE is based on the real operational experience of the re-engineered HPT blade on the Trent 7000, which has already accumulated more than 2 million flying hours based on the same improvements.

Rolls-Royce has also made a significant investment in its MRO network, delivering an increase in annual shop-visit capacity and reduction in turnaround times, with new dedicated Trent 1000 XE facilities in the UK, Singapore and Germany. This is further supported by a significant expansion of its global spare engine pool, ensuring fleet availability and protecting airlines against unplanned operational disruption.

This investment sits on top of a broader £1 billion commitment to the development and enhancement of the Trent engine family.

Monday 13 April 2026 06:10 AM
Rolls-Royce welcomes landmark contract with UK Government for delivery of Small Modular Reactors

Rolls-Royce (LSE: RR., ADR: RYCEY) today welcomes the announcement that Rolls-Royce SMR has signed a landmark contract with Great British Energy – Nuclear (GBE-N) that paves the way for the design and delivery of the first small modular reactors (SMRs) in the UK. This marks another important step on the journey of Rolls-Royce SMR towards creating high-skilled jobs, improving the UK’s energy security, boosting the supply chain and generating economic growth for the nation.

In November last year, the UK Prime Minister, Sir Keir Starmer, announced that three SMRs will be sited at Wylfa, on the coast of Ynys Môn (Anglesey) in North Wales. That followed the news in July that Czech utility CEZ Group had signed an early works agreement enabling the launch of site work in Czechia for Rolls-Royce SMR to provide up to 3GW of low-carbon energy.

Today’s two-stage contract with GBE-N will enable site-specific design activity and preparations for the site build at Wylfa, as well as allowing Rolls-Royce SMR to order long lead-time equipment from the supply chain. The contract brings certainty to the UK SMR programme and differentiates Rolls-Royce SMR as the only company with multiple commitments in Europe.

Tufan Erginbilgic, CEO, Rolls-Royce, said:
This is a critical milestone for Rolls-Royce SMR, for Rolls-Royce and for the UK as the Government looks to realise its ambition of a ‘golden age’ of new nuclear. It is a vote of confidence in our unique nuclear capabilities and further evidence that the strategic choices we have made in the transformation of Rolls-Royce are delivering. It also provides crucial contractual certainty in our domestic market that will unlock the opportunity to deploy a global fleet of Rolls-Royce SMRs.

“Rolls-Royce SMR now has multiple commitments in Europe and is well placed to become a market leader globally. As activity ramps up in the UK and in the Czech Republic, these projects are already generating returns.”

“The team in Rolls-Royce SMR have an unrivalled track record in nuclear design, regulatory engagement, manufacturing and assembly and I would like to thank them for their hard work and dedication in getting to this important stage.”

This contract with GBE-N will help Rolls-Royce SMR retain its crucial first mover advantage in a market that is growing and attracting significant international interest. The business is currently the furthest through any European regulatory process.

Monday 16 March 2026 16:30 PM
Rolls-Royce welcomes the first A350F customer in the Americas, as Atlas Air Worldwide orders 40 Trent XWB-97 engines to power 20 A350F

Rr Welcomes The First A350f Customer In The Americas As Atlas Air Worldwide Content Img
Royce (LSE: RR., ADR: RYCEY) today announces Atlas Air Worldwide has agreed to place an order for 40 Trent XWB-97 engines that will power 20 Airbus A350F freighter aircraft. The fleet will be covered by Rolls-Royce’s comprehensive TotalCare service that will cover the health and maintenance of the engines.

Rob Watson, President – Civil Aerospace, Rolls-Royce, said:
This announcement is another endorsement of the Trent XWB-97’s proven reliability. It’s the largest order of the Trent XWB-97 powered Airbus A350F to date and the biggest aircraft order in Atlas’ history.

“We thank Atlas for its trust in Rolls-Royce and look forward to supporting these new aircraft when they enter service.”

Michael Steen, Chief Executive Officer, Atlas Air Worldwide, said:
We are proud to become the first customer of the Trent XWB-97 powered Airbus A350F in the Americas.

“This order reflects our commitment to maintaining the industry’s most modern and efficient widebody fleet to best serve our customers worldwide. We are confident in the Trent XWB-97 and A350F combination and are pleased to add Airbus and Rolls-Royce to our supplier base.”

The Trent XWB-97 has proven its reliability and durability over eight years of service and more than four million engine flying hours. It has received the first two of its three durability enhancement packages. The third phase, which will enter service in 2028, doubles time on wing in challenging environments and provides 50% improvement in benign conditions.

TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to Rolls-Royce. This industry-leading, premium service offering is supported by Rolls-Royce’s advanced engine health monitoring system, which helps provide customers with increased operational availability, reliability and efficiency.

I think Rolls is getting unfairly whacked due to the idiot Starmer turning the UK into an islamic country - in fact ensuring UKs eventual demise.

New share buyback for 2026 - It just keeps getting better and better

Rolls-Royce Holdings plc

SHARE BUYBACKS OF UP TO £2.5 BILLION IN 2026

Rolls-Royce Holdings plc (the Company) announces that it expects to return a total of up to £2.5 billion to shareholders through share buybacks in 2026. The Company will today commence a share buyback programme to return up to £2.3 billion to shareholders (the Programme) which, together with the Company's completed £200 million interim share buyback programme launched on 2 January 2026 (the Interim Programme), will deliver total returns of up to £2.5 billion through share buybacks in 2026.

The Programme, which will be executed in tranches, will commence today and is expected to complete no later than 23 December 2026. The Company has entered into non-discretionary agreements (the Agreements) with Morgan Stanley & Co. International plc (Morgan Stanley) and UBS AG London Branch (UBS) to undertake the Programme on its behalf by making market purchases, as riskless principal, of the Company's ordinary shares of 20p each (the Shares) on the London Stock Exchange or another recognised investment exchange. Morgan Stanley and UBS (together, the Purchasing Banks) will make trading decisions under the Programme independently of the Company, subject to certain parameters agreed between the Purchasing Banks and the Company prior to the commencement of the Programme and to the Company's right to terminate each Agreement in certain limited circumstances.

Shares acquired by the Purchasing Banks under the Agreements will be sold on to the Company and will be cancelled. The purpose of the Programme is therefore to reduce the Company's share capital.

Taking into account the total of 15,971,931 Shares acquired under the Interim Programme, the maximum number of Shares that may be acquired under the Programme pursuant to the authority granted by shareholders at the Company's 2025 Annual General Meeting on 1 May 2025 is 834,517,767.

Any purchase of Shares under the Programme will be executed in accordance with the Company's general authority to repurchase Shares granted at its 2025 Annual General Meeting and (if applicable) any subsequent authority, the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority's UK Listing Rules.

Repurchases of Shares under the Programme will be announced no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred (or otherwise as required under the UK Listing Rules).

Strong 2025 results; Upgraded mid-term guidance; Multi-year share buyback announced
Significant progress in 2025 driven by our transformation programme, which has also allowed us to capture profitable end market growth
Underlying operating profit of £3.5bn with a margin of 17.3%, reflecting the impact of our strategic initiatives and commercial optimisation
Free cash flow of £3.3bn driven by strong operating profit and continued LTSA balance growth, supporting a net cash balance of £1.9bn at 31 December 2025
2026 guidance of £4.0bn-£4.2bn underlying operating profit and £3.6bn-£3.8bn free cash flow
Upgraded mid-term targets of £4.9bn-£5.2bn underlying operating profit, 18%-20% operating margin, £5.0bn-£5.3bn free cash flow, and 23%-26% return on capital based on a 2028 timeframe
Final dividend of 5.0p per share, taking the total dividend for 2025 to 9.5p; a 32% payout ratio of underlying profit after tax
£7bn - £9bn multi-year share buyback across 2026-2028 following completion of the £1bn share buyback in 2025
Tufan Erginbilgic, CEO said: “Our transformation continues with pace and intensity. We are consistently achieving outcomes that were not possible before our transformation. With our new capabilities and mindset, we have navigated challenges from supply chain to tariffs, and delivered a strong performance in 2025, all while we built the foundations for significant growth for years to come.

Based on our 2026 guidance, we expect to deliver underlying operating profit within the prior mid-term guidance range two years earlier than planned. Our upgraded mid-term targets include underlying operating profit of £4.9bn-£5.2bn and free cash flow of £5.0bn-£5.3bn. Beyond the mid-term we continue to see significant growth from existing businesses as well as from new business opportunities.

With a strong balance sheet, significant investment to support our long-term growth, and confidence in the future, we are announcing a £7bn-£9bn share buyback for 2026-2028 with £2.5bn to be completed this year.”

Full Year 2025 Group Results
£ million Underlying 20251 Underlying 20241 Statutory 2025 Statutory 2024
Revenue 20,059 17,848 21,207 18,909
Operating profit 3,462 2,464 4,468 2,906
Operating margin % 17.3% 13.8% 21.1% 15.4%
Profit before taxation 3,352 2,293 6,935 2,234
Basic earnings per share (pence) 2 29.55 20.29 69.41 30.05

Free cash flow 3,270 2,425
Return on Capital (%) 2,3 18.9% 13.8%
Net cash flow from operating activities 4,565 3,782
Net cash 1,895 475
1All underlying income statement commentary is provided on an organic basis unless otherwise stated. A reconciliation of alternative performance measures to their statutory equivalent is provided on pages 52 to 55
2In 2025, the Group recognised a £277m credit to underlying profit after tax (PAT) in respect of deferred tax assets on UK tax losses. This £277m credit has been adjusted in the calculation of earnings per share, the proposed dividend payout ratio, and return on capital. For further details, see note 5, page 33
3Adjusted return on capital is defined on page 55 and is abbreviated to return on capital

Full Year 2025 performance summary
Strategic delivery: 2025 has been another year of strong strategic and financial delivery with a significant improvement across all financial metrics. Over the past three years, our transformation programme has delivered a step-change in performance, with higher operating profit and free cash flow delivered alongside a doubling of capital expenditure, as we continue to transform Rolls-Royce into a high-performing, competitive, resilient, and growing business. Our actions have driven stronger financial performance despite an external environment that remains challenging, including supply chain constraints which we are actively managing.
Significant operating profit and margin growth: Underlying operating profit increased to £3.5bn in 2025 compared with £2.5bn in 2024, with an operating margin of 17.3% (2024: 13.8%). Civil Aerospace delivered an underlying operating margin of 20.5% (2024: 16.6%), driven by stronger large engine aftermarket performance, contractual margin improvements and higher spare engine profitability. Defence reported an underlying operating margin of 14.4% (2024: 14.2%), which reflects stronger performance across transport and combat, and the absence of a one-off benefit in submarines in the prior year. Power Systems delivered an operating margin of 17.4% (2024: 13.1%), driven by power generation, where we continue to capture profitable growth in data centres, and governmental. Across the Group, improved profitability was supported by our ongoing efficiency and simplification programme.
Sustainable free cash flow growth: Free cash flow of £3.3bn (2024: £2.4bn) was driven by strong operating profit, continued long-term service agreement (LTSA) balance growth, and a strong working capital performance offset by net investments. Civil Aerospace LTSA balance growth net of risk and revenue sharing arrangements (RRSAs) was £0.6bn (2024: £0.7bn), this was supported by 8% growth in large engine flying hours (EFH) and an improved EFH rate, partly offset by a higher number of shop visits and supply chain costs. Working capital was an inflow of £421m (2024: £280m), reflecting the continued benefits of our working capital initiatives. Net investments of £257m (2024: £282m) supported maintenance repair and overhaul (MRO) capacity growth in Civil Aerospace and additional capacity in Power Systems.
Building resilience: Net cash stood at £1.9bn at 31 December 2025 compared with £475m at the end of 2024, supported by continued strong cash flow delivery. Gross debt reduced to £2.8bn (2024: £3.6bn), as we repaid a $1bn bond in October from available cash, and lease liabilities stood at £1.5bn (2024: £1.6bn). Liquidity remained robust at £8.7bn (2024: £8.1bn), which included cash and cash equivalents of £6.2bn (2024: £5.6bn). Total underlying cash costs as a proportion of underlying gross margin (TCC/GM) further improved to 0.36x (2024: 0.47x), reflecting further cost discipline and operational efficiency. We are building a more resilient company with a less volatile free cash flow.
Growing shareholder returns: Reflecting strong strategic and financial progress and in line with our capital framework, we reinstated regular shareholder dividends in 2025 and completed a £1.0bn share buyback programme. This represented the first time that Rolls-Royce has paid a dividend in more than five years and the first buyback for 10 years. The final dividend for 2025 is 5.0p per share, taking the total dividend for 2025 to 9.5p, which represents a 32% payout ratio of underlying profit after tax. The final dividend will be paid subject to shareholder approval at our Annual General Meeting on 30 April 20261. Our strong balance sheet position, alongside our upgraded mid-term targets for operating profit and free cash flow, gives us confidence to announce our first multi-year buyback programme, totalling £7bn-£9bn across 2026 to 2028, of which £2.5bn will be completed in 2026, which includes the £200m that was completed between 2 January and 20 February 2026.
1The dividend will be paid on 3 June 2026 to ordinary shareholders on the register on 24 April 2026. In addition to the cash dividend, shareholders will be offered a dividend reinvestment plan. For further details, see note 7, page 34

Transformation programme and strategic initiatives
Our strategic framework is founded on four strategic pillars. We have made significant progress against each of these pillars over the past three years, including in 2025.

– Portfolio choices & partnerships:

CEZ Group completed strategic investments in Rolls-Royce SMR, alongside a commitment for up to six units in the Czech Republic.
We are continuing to expand our MRO capacity, which has supported a more than 50% increase in large engine shop visits over the past three years. In 2025, we added capacity in Derby, Dahlewitz, and Singapore. By the mid-term, we will increase our capacity by an additional 20% across the network to support long-term fleet growth. The Beijing Aero Engine Services Limited (BAESL) joint venture with Air China opened in December and will support up to 250 Trent XWB-84, Trent 1000, and Trent 700 overhauls per annum by the mid 2030s. In partnership with Turkish Technic, we announced the establishment of a state-of-the-art independent maintenance centre in Istanbul, targeted to be operational by the end of 2027, supporting up to 200 shop visits annually for Trent XWB-84, Trent XWB-97, and Trent 7000 engines.
The Pearl 700-powered Gulfstream G800 entered service in August. Certification for the Pearl 10X engine, which powers the Dassault Falcon 10X, is underway, with all engine certification tests successfully completed in 2025 and the on-going finalisation of the certification reports for the European Union Aviation Safety Agency (EASA) is progressing to plan.
In Power Systems, testing of our next-generation engines for power generation and governmental applications is progressing to plan. This includes our next generation Series 4000 engine, to be released in 2028, which targets the data centre market with a significantly improved power density, alongside the development of an upgraded military engine.
We continue to invest in power generation, significantly increasing capacity in Germany and at our US sites in Aiken and Mankato to support growing demand, driven by data centres.
In Defence, testing of the AE 1107 and F130 engines, which will power the MV-75 (Future Long-Range Assault Aircraft) and B-52 aircraft, is progressing to plan. We are supporting the ramp-up of these programmes with significant investments in the US, which totalled around $1bn in Indianapolis alone over the past decade.
Rolls-Royce submarines, alongside Assystem, AtkinsRéalis, and Frazer-Nash, formed the Capability Assured Strategic Partnership, which brings together nuclear capability in the UK to support the Royal Navy’s submarines programme and the wider Defence Nuclear Enterprise.
In July, we completed the sale of our naval propulsors business to Fairbanks Morse Defense.
– Advantaged businesses & strategic initiatives:

In Civil Aerospace, we continued to increase the LTSA margins across our in-production widebody engines through improved commercial terms alongside operational improvements. As a result of our actions, the value of our LTSA contracts has increased significantly since 2022.
Our time on wing programme now targets more than a 100% increase in durability across our in-production Trent engines by the end of 2027, with more than half of this improvement now delivered. The increase compared to our previous target of more than 80% is primarily driven by further life extensions for the Trent XWB-84, where we have refined and accelerated our programme to extend critical part lives. The life extension programme for the Trent XWB-84 will be completed in 2026. Building on this, the recently introduced Trent XWB-84EP improves fuel efficiency by over 1% and improves time on wing for new engines. In June, the Trent 1000 XE phase one HPT blade improvement was certified and is being fitted to new and in-service engines. In December, the phase two HPT blade was certified for the Trent 1000 XE and Trent 7000 engines and will begin to be incorporated into new and in-service engines in 2026. Durability upgrades for the Trent XWB-97 made significant progress through material, component, and cyclic engine testing in 2025, with time on wing improvements remaining on track for completion by the end of 2027. We are continually seeking to improve the time on wing of all our engines. For example, we also delivered durability enhancements for the Trent 900 engine which will yield up to a 30% time on wing improvement.
In Power Systems, we are capturing profitable growth opportunities in power generation and governmental. In power generation, we announced a new fast-start gas generator product in October that will offer prime power for data centre customers who are awaiting grid connection, and which can later be switched to backup power generation once the data centre is connected to the grid. In governmental, we received a major order in December to supply more than 300 Leopard 2 engines.
In Defence, demand for our products remains robust and we secured major orders in 2025. In the first half of the year, we secured key aftermarket contracts worth more than £1.5bn with the UK MoD and US DoW covering EJ200 and AE 2100 engines. In the second half of the year, the Republic of Türkiye and the UK signed an agreement to export 20 British-built Eurofighter Typhoon aircraft, with an option for more in the future. In September, on the Global Combat Air Programme (GCAP), the international consortium announced a major expansion of their partnership to accelerate development of the power and propulsion system for the next-generation fighter aircraft.
– Efficiency & simplification:

Our efficiency and simplification programme has delivered £0.6bn of savings since the start of 2022, above our target of £0.5bn by the end of 2025.
We delivered £1.2bn of gross third-party procurement savings since the start of 2022, also above our target of £1.0bn by the end of 2025.
We are driving further efficiencies to support disciplined growth across the Group, including scaling up our Group Business Services (GBS) capabilities in India and Poland, alongside growing our digital capabilities and the continued implementation of zero-based budgeting.
We further improved our best-in-class TCC/GM ratio to 0.36x (2024: 0.47x), evidence of the continued strengthening of our competitive advantage and resilience.
– Lower carbon & digitally enabled businesses:

In June, Rolls-Royce SMR was chosen as the sole provider in the Great British Energy - Nuclear (GBE-N) small modular reactors (SMR) competition to build three SMR units in the UK. In November, it was confirmed that the Wylfa site on the coast of Ynys Môn (Anglesey) will host three Rolls-Royce SMRs, with this site capable of taking eight units. In the Czech Republic, work began at the Temelin site. In August, Rolls-Royce SMR advanced to the final stage of the Swedish competition to select a nuclear technology partner, with Vattenfall moving ahead with small nuclear options only.
We reached a key milestone with the launch of our AI platform, AiRR, with capabilities in generative and agentic AI. This sits at the core of our efforts to develop and deploy high-value AI capabilities across engineering, MRO, and the supply chain which are expected to reduce turnaround times and product and shop visit costs.
In Power Systems, demand for battery energy storage systems (BESS) remains high, with major orders across Europe, including a large order in Lithuania that will provide approximately 600MWh of capacity to the grid. We continue to advance lower carbon propulsion. In October, we conducted the world’s first successful test of a highspeed marine engine running on pure methanol, futureproofing our solutions for the marine sector.
Rolls-Royce, together with Xanadu and Riverlane, demonstrated state-of-the-art quantum computing algorithms which can reduce airflow simulation times from weeks to less than an hour. As quantum computing matures, this technology has the potential to reduce prototyping runtimes by up to 1,000-fold in certain applications.
These strategic initiatives are continuing to expand the earnings and cash potential of the business.

Outlook and 2026 guidance
We expect significant further progress in 2026.

2026 financial guidance

Underlying operating profit £4.0bn-£4.2bn
Free cash flow £3.6bn-£3.8bn
Our free cash flow guidance for full year 2026 includes a £150m-£200m cash impact related to the supply chain, similar to 2025, with parts availability improving but still constrained. We are actively managing these challenges and are working to mitigate the impacts.

In Civil Aerospace, we expect 2026 large EFH will grow to 115%-120% of 2019 levels, alongside 550-600 total OE deliveries and 1,480-1,550 total shop visits. Our 2026 free cash flow guidance is based on Civil Aerospace net LTSA balance growth broadly similar to the prior year (2025: £0.6bn). Additional details are included in the results presentation and supplementary data slides.

Results meeting and webcast
Our results presentation will be held at UBS, 5 Broadgate, London EC2M 2QS and webcast live at 09:00 (GMT) today. Attendance is by pre-registration only. Downloadable materials will also be available on the Investor Relations section of the Rolls-Royce website: https://www.rolls-royce.com/investors/results-reports-and-presentations/financial-results.aspx

To register for the webcast, including Q&A participation, please visit the following link:
https://app.webinar.net/jQRlpWE3moJ

Please use this same link to access the webcast replay which will be made available shortly after the event concludes. Photographs and broadcast-standard video are available at www.rolls-royce.com.

Enquiries:

Investors:


Media:
Jeremy Bragg +44 7795 840875 Richard Wray +44 7810 850055
Ruchi Malaiya +44 7900 189184
For retail shareholder queries, please contact governanceteam@rolls-royce.com.

Individual holders of ordinary shares can contact our Registrar, Equiniti for support with their shareholding. Contact details and FAQs are available on our website, www.rolls-royce.com/investors/investor-contacts.

The person responsible for arranging the release of this announcement on behalf of Rolls-Royce Holdings plc is
Claire-Marie O'Grady, Chief Governance Officer.

This results announcement contains forward-looking statements. Any statements that express forecasts, expectations and projections are not guarantees of future performance and will not be updated. By their nature, these statements involve risk and uncertainty, and a number of factors could cause material differences to the actual results or developments. This report is intended to provide information to shareholders, is not designed to be relied upon by any other party, or for any other purpose and Rolls-Royce Holdings plc and its directors accept no liability to any other person other than under English law.

Thursday 8 January 2026 12:47 PM

Rolls-Royce and Turkish Technic break ground on world-leading aero engine maintenance facility

Rr And Turkish Technic Break Ground On World Leading Aero Engine Maintenance Facility Sm
Rolls-Royce (LSE: RR., ADR: RYCEY) and Turkish Technic, a leading maintenance, repair and overhaul (MRO) provider, have today announced that ground has been broken on Turkish Technic’s state-of-the-art centre at Istanbul Airport.

Announced in May 2025 as the newest member of the Rolls-Royce MRO network, it will reinforce Turkish Technic’s standing at the forefront of the maintenance industry, while complementing Rolls-Royce’s existing MRO footprint and address growing long-term demand for new civil large engines.

The new facility, targeted to be operational by the end of 2027, will enable Turkish Technic to deliver comprehensive maintenance services for Trent XWB-97, Trent XWB-84, and Trent 7000 engines which power the Airbus A350 and Airbus A330neo aircraft respectively.

With a planned capacity of 200 shop visits per year, the facility is expected to be one of the largest in the region. It will provide services to Rolls-Royce TotalCare customers, as well as the Turkish Airlines fleet.

Rob Watson, President – Civil Aerospace, Rolls-Royce, said:
Breaking ground on Turkish Technic’s new state-of-the-art facility is a significant milestone for our global MRO network, which supports our TotalCare customers around the world.

“We’re significantly increasing our global MRO capacity by 2030, and today’s announcement marks another step on that journey. It reinforces our strong partnership with Turkish Airlines – whose fleet of Airbus A350s will be supported by this facility – and underlines Turkish Technic’s commitment to become a leading provider of civil large aero engine MRO.”

Ahmet Bolat, Chairman of the Board and the Executive Committee, Turkish Technic, said:
We are pleased to further strengthen our long-standing partnership with one of the world’s leading engine manufacturers through the groundbreaking of our new engine maintenance facility. Set to become one of Europe’s largest maintenance centers for Trent engine models, this investment represents a major expansion of our technical capabilities and service capacity to continue providing the highest quality services for our customers all around the world. Through this facility, we will deliver comprehensive maintenance and support services across a broad range of Trent engines, ensuring that Rolls-Royce TotalCare customers receive best-in-class service. Aligned with our centennial 2033 objectives, this milestone partnership continues to reinforce Türkiye’s growing role as a global hub for aviation.”

Rr And Turkish Technic Break Ground On World Leading Aero Engine Maintenance Facility Sm Img
L: Paul Keenan, Director of Aftermarket Operations, Rolls-Royce; Levent Konukcu, Chief Strategy Officer, Turkish Airlines
In late 2023, Turkish Airlines placed an historic order for Airbus A350 aircraft, making the airline the world’s largest operator of the Trent XWB engine. It included an order for 120 Trent XWB-84 engines and 40 Trent XWB-97 engines, excluding options and spares.

BOOM: Rolls-Royce is now reportedly considering moving a $1.6 TRILLION jet engine project and 40,000 jobs from Britain to America!!!!

Rolls-Royce Submarines has signed an innovative contract with industry experts Assystem, AtkinsRéalis and Frazer-Nash to boost collaboration and gain benefit from the unique nuclear capabilities of each company.

The new Capability Assured Strategic Partnership (CASP) backs UK based businesses and represents a step forward in bringing together nuclear capability to better support the UK Royal Navy’s submarines programme and the wider Defence Nuclear Enterprise.

With a value of up to £400m, this strategic alliance represents one of the largest single supply chain contracts in the history of Rolls-Royce Submarines. Having worked with all three partners for over 20 years, they are uniquely placed to support its future growth ambitions in advanced nuclear technologies.

It represents a long-term commitment from the partners to deliver the collective engineering capabilities, nuclear expertise, and other professional services that Rolls-Royce can utilise to meet growing demand from the Ministry of Defence, and beyond.

In March 2023, it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power new attack submarines as part of the tri-lateral agreement between Australia, the UK and US.

This increase in demand from the Ministry of Defence and the AUKUS agreement means Rolls-Royce plans to double the footprint of its Raynesway site in Derby to support both UK and Australian defence programs. Delivering the Defence Industrial Strategy, the build of new manufacturing and office facilities will create more than 1,000 skilled roles across a range of disciplines, including manufacturing and engineering, plus hundreds more across the supply chain.

Rolls-Royce has powered the UK Royal Navy’s nuclear submarines for over 65 years and is the only private company in the world with the nuclear capability to manage reactor design, manufacture and decommissioning within one single entity.

Chris Walker, Supply Chain Director at Rolls-Royce Submarines said:
We are in a nuclear renaissance across the UK and demand for this expert capability is growing all the time. The intent behind this strategic alliance is to harness the collective capabilities of each party to successfully deliver complex nuclear programmes and explore advanced nuclear technologies.

“We recognise that if we want to grow our business and maintain our critical commitments to the Ministry of Defence, then we cannot do it alone. Our decades-long relationships with Assystem, AtkinsRéalis and Frazer-Nash see the partners ideally placed to support us, bringing unique insight across the capability landscape.”

Keith Beckett, Deputy CEO and AUKUS Director for the Submarine Delivery Agency, the Defence Nuclear Enterprise’s delivery agent for submarines, said:
This partnership exemplifies the Defence Industrial Strategy in action. By uniting leading UK nuclear expertise through CASP, we're strengthening our industrial base to deliver the submarine capabilities our nation requires.

“The Submarine Delivery Agency welcomes this investment in nuclear skills and collaboration with UK businesses that will enable us to deliver available and capable submarines to the Royal Navy and meet our commitment to our AUKUS partners."

Chris Conboy, AtkinsRéalis Managing Director - Nuclear EMEA, said:
The UK is investing significantly in its defence capabilities, and nuclear remains at the heart of national security. Through the Capability Assured Strategic Partnership, Rolls-Royce Submarines can draw on deep, multi-disciplinary expertise, including AtkinsRéalis’ end-to-end experience in complex nuclear programmes.

“This partnership builds on our longstanding relationship with Rolls-Royce Submarines, enabling the successful delivery and safe operation of future submarine propulsion capability to the UK and our allies.”

Simon Barber, Assystem UK Managing Director said:
Assystem is proud to strengthen our trusted partnership with Rolls-Royce Submarines through the CASP framework. As a partner to Rolls-Royce for several decades, Assystem, alongside its strategic partners, is providing real value for the successful delivery of their industry commitments and ambitious growth plans.

“The CASP framework will play a key role in the delivery of the UK’s Defence Industrial Strategy for which Assystem is fully supportive.

“As a global nuclear player with 60 years’ experience, Assystem will bring its full life-cycle expertise and capability in engineering, project management, and innovative digital solutions to support the long-term success of the CASP framework.”

Sarah Wilkes, Frazer-Nash Managing Director said:
At Frazer-Nash we talk about solving challenges that matter and there aren’t many more important than national security.

"CASP is an exciting development which will see us working closer and better with RRSL and our partners at AtkinsRealis and Assystem, combining our expertise and specialisms in new ways to help keep the UK safe”.

Rolls-Royce Submarines currently employs more than 5,000 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.

Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components.

It also provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane. In addition, there are technical specialists working in offices in Glasgow, Cardiff, and Thurso, Scotland.

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TUESDAY 18 NOVEMBER 2025
Rolls-Royce welcomes Air Europa MoU for up to 40 aircraft powered by Trent engines

Rolls-Royce (LSE: RR., ADR: RYCEY) welcomes the announcement by Air Europa that it intends to expand its widebody fleet with 40 Airbus A350-900 aircraft powered by Trent XWB-84 engines.

The announcement was made at this week’s Dubai Air Show.

Ewen McDonald, Chief Customer Officer, Civil Aerospace at Rolls-Royce, said:
Air Europa is already a valued customer, so it’s extremely exciting to deepen that relationship as we welcome them into the Trent XWB family.

“The continued popularity of the Airbus A350-900 powered by the Trent XWB-84 is important to us and we look forward to working with Air Europa as they embark on their fleet renewal.”

The Trent XWB-84 is the best widebody engine in the world. It’s designed, engineered, and optimised specifically for the Airbus A350 - delivering the lowest fuel consumption of any widebody engine and chosen by the world’s most profitable airlines.

Rolls-Royce is investing £1 billion across our modern Trent engines to increase their durability by an average of 80%, with a significant portion being delivered in 2025.

Rolls-Royce to power Etihad fleet expansion

Rolls-Royce (LSE: RR., ADR: RYCEY) welcomes announcement by Etihad Airways that it will expand its widebody fleet with aircraft powered by Trent 7000 and Trent XWB-97 engines.

At this week’s Dubai Airshow, the Middle Eastern carrier announced its intention to select 15 Airbus A330 Neo powered by the Trent 7000; seven Airbus A350-1000 powered by the Trent XWB-97; and 10 Airbus A350F freighter variants also powered by the Trent XWB-97.

Rob Watson, President, Civil Aerospace at Rolls-Royce, said:
Our Middle Eastern customers continue to perform strongly on the global stage, and we are investing in our engines and services to match that ambition.

“We’re excited to continue our long-term partnership with Etihad, driven by confidence in the Trent XWB-97, where our investment will double time on wing in Middle East environments from 2028.”

The Trent 7000 is the latest addition to the Rolls-Royce Trent family of engines and exclusively powers the Airbus A330neo. After entering service at the end of 2018, the Trent 7000 has flown more than three million hours, delivering exceptional reliability, sustainable performance and proven versatility.

Rolls-Royce is investing £1 billion across our modern Trent engines to increase their durability by an average of 80%, with a significant portion being delivered in 2025. For the Trent 7000 the time on wing enhancement package has tripled time on wing in some cases, with a further up to 30% to come in 2026.

The Trent XWB-97 has proven its reliability and durability over seven years of service and more than three million engine flying hours. It has received the first two of its three phases of durability enhancements, which are already delivering a 60% increase in time on wing. The third phase, which will enter service in 2028, will total a doubling of time on wing in challenging environments; and provide 50% improvement in benign conditions.

Rolls-Royce adds AviLease to newly launched LessorCare+

Rolls-Royce (LSE: RR., ADR: RYCEY) today announces the signing of LessorCare+, with AviLease, it’s second customer since the innovative programme was launched in October 2025.

Rob Watson, President, Civil Aerospace, said: "It’s testament to the quality of our offering and the strength of our partnerships that we are seeing AviLease come on board with LessorCare+ at Dubai. There’s clearly demand among lessors for even greater insights into their asset holdings and we’re in the best position to offer that through LessorCare+.”

LessorCare+ delivers expanded insight and support for lessors across transactions, fleet management, transitions, and technical expertise. It allows Rolls-Royce to respond faster and in a more agile way to our customers’ needs in a way that boosts their competitiveness in a fast moving market.

https://www.rolls-royce.com/media/press-releases/2025/04-11-2025-rr-leads-uk-project-to-demonstrate-smarter-use-of-sustainable-aviation-fuel.aspx?utm_source=invd-cas&utm_medium=email&utm_campaign=subscribers&utm_term=&utm_content=

Rolls-Royce has just unveiled something big—really big—for the future of clean shipping: the world’s first high-speed marine engine that runs entirely on methanol. No diesel. No blend. Just pure wood alcohol.
Why is this a big deal? Because maritime shipping makes up 90% of global trade—and nearly all of it runs on diesel. That adds up to 3% of global greenhouse gases, 13% of sulfur oxides, and up to 30% of nitrogen oxides. Tackling those emissions is no easy task, given diesel’s dominance in power, cost-efficiency, and global availability.
But Rolls-Royce is pushing the boundaries with its meOHmare project, re-engineering the marine engine from the inside out. Methanol doesn’t burn like diesel and lacks natural lubrication, so the engine’s combustion system, turbochargers, and injectors all had to be rethought from scratch.
Teaming up with Woodward L’Orange and WTZ Roßlau, the company is working toward a clean, practical alternative that could lead to CO2-neutral shipping—especially if the methanol is sourced sustainably.
What makes methanol promising?
✅ Biodegradable
✅ Easier to store
✅ Lower emissions of sulfur and nitrogen oxides
✅ Potential for a greener production cycle
No word yet on all the specs, but it’s likely based on the mtu Series 4000 platform, adapted for the green revolution at sea.
⚙️ “This is a genuine world first,” says Rolls-Royce Power Systems CEO Dr. Jörg Stratmann. And if all goes well, it might just steer the shipping industry toward a cleaner horizon.

Sunday 2 November 2025 22:00 PM

Rolls-Royce signs skills, technology and supply chain agreement with the Victorian Government in support of AUKUS

Colin Brooks, Minister for Industry and Advanced Manufacturing, Victoria meets Rolls-Royce Submarines apprentices at their Nuclear Skills Academy in Derby, UK

Rolls-Royce has signed a memorandum of understanding (MOU) with the State of Victoria, Australia that outlines a commitment to collaborate on developing Victoria’s defence industry skills, supply chain, and innovation eco-system, to support the AUKUS submarine program.

Developing nuclear skills will be a particular focus, with plans to establish Rolls-Royce-affiliated skills and training academies being explored. This would build on the success of the award-winning Rolls-Royce Nuclear Skills Academy which opened in Derby, UK, in 2022. It has seen up to 200 apprentices enrolled on apprenticeships each year, creating a pipeline of nuclear talent at the start of their careers to support the UK Royal Navy.

The agreement will also look to support launching specific research and development initiatives, including the establishment of Rolls-Royce University Technology Centres and affiliated research clusters, in collaboration with Victorian universities.

Following similar agreements signed with Western and South Australian Governments in September 2025, this marks a significant step forward in Australia’s preparations for operating its first conventionally armed nuclear-powered submarines. It also highlights the unique nuclear expertise Rolls-Royce brings to the AUKUS agreement.

Victoria is at the forefront of research and innovation in Australia. The State hosts eight world-leading universities with advanced research and development capabilities. In December 2024, Victoria released its Economic Growth Statement, which backs its defence-oriented supply chain to win work, grow and support AUKUS. This includes increases in investment and trade facilitation, uplifts in small and medium-sized enterprises, workforce development initiatives, and bolstering innovation adoption.

To this aim, the collaboration agreement will also look to facilitate opportunities with Victorian small and medium enterprises, to strengthen the State’s defence supply chain and broader industrial capabilities.

Rolls-Royce has powered the UK Royal Navy’s nuclear submarines for over 65 years and is expanding its Derby site to support both UK and Australian defence programs. Rolls-Royce is the only private company in the world with the nuclear capability to manage reactor design, manufacture and decommissioning within one single entity.

In March 2023, it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power new attack submarines as part of the tri-lateral agreement between Australia, the UK and US.

Steve Carlier, Rolls-Royce Submarines President, said:
This collaboration agreement will bring together the world-leading research and innovation capabilities of Victoria with our own established nuclear expertise to support Australia in their mission to introduce nuclear powered submarines to their fleet.

“Nuclear submarines bring unsurpassed endurance, range, stealth, power and reliability that still provide the absolute pinnacle of military advantage.

“This agreement allows us to support Australia in establishing a sustainable supply chain in-country, while developing home-grown nuclear talent and well-paid careers for Australian people.”

Colin Brooks, Minister for Industry and Advanced Manufacturing, Victoria said:
Our defence sector contributes billions to our economy every year and supports more than 29,000 jobs - this agreement will help ensure we continue to have a skilled pipeline of workers in this critical sector.”

An artist impression of the future AUKUS attack submarines

Rolls-Royce Submarines currently employs more than 5,000 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.

Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components.

It also provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane. In addition, there are technical specialists working in offices in Glasgow and Cardiff, with a unique test facility operating in Thurso, Scotland.

Rolls-Royce Submarines today celebrated the opening of a new office in Cardiff, creating more than 100 new jobs in the Welsh capital.

Opened by First Minister Eluned Morgan and Rt Hon Jo Stevens, MP for Cardiff East, the new office based in St Mellon’s Cardiff has been selected to access the highly skilled talent pools across the region.

With a renewed interest and enthusiasm for nuclear across the UK and government, alongside Rolls-Royce Submarines’ growth in demand from the Ministry of Defence, the business intends to attract experts across a range of specialisms. These include mechanical design, materials engineering, structural integrity analysis, thermal analysis and fluid dynamics.

Funded by the UK Ministry of Defence, the office will support Rolls-Royce Submarines’ and the Submarine Delivery Agency's work on the Dreadnought and AUKUS programmes. The investment demonstrates the government's commitment to delivering the UK's nuclear deterrent as a national endeavour, led by the Defence Nuclear Enterprise.

In March 2023, it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power new attack submarines as part of the tri-lateral agreement between Australia, the UK and US.

Rolls-Royce Submarines currently employs more than 5,000 people to design, manufacture and provide in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.

Steve Carlier, President – Rolls-Royce Submarines, said:
The Cardiff Satellite Office opening shows Rolls-Royce Submarines’ intent on attracting the brightest and best from across the UK. It also highlights the UK-wide economic benefit that investing in defence can bring.

“We are in a time of unprecedented growth for our business, and Rolls-Royce is dedicated to developing the current and future generations of nuclear talent to help power our ambitions.

“With the work secured from our AUKUS contracts, alongside the Dreadnought programme, and our future Novel Nuclear ambitions, there has never been a better and more exciting time to join our industry.”

Rt Hon Jo Stevens. MP for Cardiff East, said:
I’m incredibly proud to open the new Rolls-Royce Office in Cardiff. This development will bring highly skilled job opportunities and economic growth to the people of Cardiff.

“The partnership with industry shows Wales, and Cardiff, has an important role to play in UK Defence and the long-term work available from this industry will provide security and prosperity for years to come.”

First Minister Eluned Morgan said:
Having major companies like Rolls-Royce bringing new jobs to Wales is a boost to skilled manufacturing industries. We want to attract more global companies like Rolls-Royce to Wales, which is why we are holding our International Investment Summit on 1st December.

“I’m particularly pleased that the company was attracted here by the engineering talent that we have in Wales.”

Rt Hon Luke Pollard MP, Minister for Defence Readiness and Industry said:
The opening of the new Rolls-Royce office in Cardiff supports the national endeavour, the UK’s nuclear deterrent, and demonstrates how defence investment is an engine for growth in Wales.

“This investment will create more than 100 highly skilled jobs in Wales, supporting our prosperity and security for decades to come.”

In 2022, to ensure a steady pipeline of future talent into the industry, Rolls-Royce opened its Nuclear Skills Academy in Derby. It will provide 200 apprenticeships each year for at least the next decade.

Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components. Additionally, it provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane.

If you are interested in applying for one of the roles in Cardiff please visit https://careers.rolls-royce.com/Submarines.

Rolls-Royce Submarines signs strategic agreement with Siemens to boost digital engineering

An artist impression of the future Dreadnought submarine at sea

Rolls-Royce Submarines and global technology company, Siemens, have signed a memorandum of understanding (MOU) to collaborate on digital optimisation and boost efficiency across engineering.

Signed by both parties at the Defence & Security Equipment International event in London in September, the MOU encourages shared and mutual collaboration, with the ultimate aim to minimise time to production for new Rolls-Royce technology, while reducing cost and risk within an increasingly complex engineering, manufacturing and operational environment.

Rolls-Royce Submarines currently employs more than 5,000 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.


(l-r) Brian Holliday, Managing Director, Digital Industries at Siemens UK and Ireland; Adam Raine, IT & Digital Director, Rolls-Royce Submarines; and Lee Warren, Engineering & Technology Director, Rolls-Royce Submarines.

Siemens’ trusted software and hardware from the Siemens Xcelerator open business innovation platform helps companies transform processes – accelerating innovation, improving productivity and enhancing efficiency.

This collaboration with Siemens will support Rolls-Royce Submarines in delivering UK sovereign defence requirements more effectively, enabling a more knowledgeable, productive, secure and agile operation.

The collaboration will benefit from the sharing of best practice across the digital landscape, with the ultimate aim being to enhance skills across engineering, manufacturing, research & development, training and reactor operation and maintenance, using digital technology as an enabler.

Lee Warren, Rolls-Royce Submarines Engineering & Technology Director said:
Harnessing the power of digital, and collaborating with global experts such as Siemens, will make us more efficient and ultimately provide an enhanced service to the Royal Navy by getting submarines in the sea quicker and accelerating the maintenance of those already in service.”

Adam Raine, Rolls-Royce Submarines IT and Digital Director, said:
This collaboration will further enhance our capabilities in the digital space and unlock key improvements in how we deliver on our commitments. We can, in essence, create a ‘digital backbone’ that supports the full lifecycle of nuclear naval reactors.”

Brian Holliday, Managing Director, Digital Industries at Siemens UK and Ireland, said:
The agreement strengthens and formalises a 25-year long Siemens and Rolls-Royce relationship. We recognise the potential of industrial technology to unlock productivity in design, manufacturing, operations and supply chain.

“As technology and the external environment develops at pace, the imperative for closer collaboration and best practice sharing is clear. Siemens commits to deeply understanding the digital transformation and operational challenges faced by Rolls-Royce Submarines, and bringing to bear the full weight of our industry-leading technology stack, sector expertise and wider partner ecosystem.”

Nicole Sturm, Global Head of Aerospace & Defense at Siemens, said:
The industry is in need of strong, trusted technology to solve complex manufacturing challenges. By sharing best practice and working together to enhance skills, Rolls-Royce Submarines and Siemens are accelerating productivity and laying the foundations for factories of the future that are underpinned by cutting-edge digital technologies.”

Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components. It also provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane. In addition, there are technical specialists working in offices in Glasgow and Cardiff, with a unique test facility operating in Thurso, Scotland.

Monday 15 September 2025 01:00 AM

4 Minutes
Rolls-Royce welcomes action from UK and US Governments to usher in new ‘Golden Age’ of nuclear energy


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The agreement between the UK and US Governments to deepen cooperation in advanced nuclear technologies and make it quicker for companies to build new nuclear power stations sets the stage for a significant step forward in the energy security and resilience of the two nations. The Atlantic Partnership for Advanced Nuclear Energy will help ensure the accelerated development and deployment of advanced nuclear reactor technologies in the US and UK. Building a bridge between the world’s first and world’s largest civil nuclear power markets.

The global market for advanced nuclear technologies is estimated to be worth many trillions up to 2050. Secure, scalable and reliable power across civil, defence, industrial and maritime sectors is needed to meet growing demands in digital and AI. In the US alone, demand for nuclear power is forecast to grow from 100GWe to 400GWe by 2050.

Rolls-Royce stands ready to seize the opportunity to further innovate and partner in the development of advanced nuclear technologies which will deliver thousands of skilled jobs, attract investment and support the economic growth of both the US and the UK.

Tufan Erginbilgic, CEO Rolls-Royce, said:
We welcome the commitment of the US and UK Governments to accelerate the deployment of advanced nuclear technologies and secure an independent supply of advanced nuclear fuel. Nuclear will play a critical role in the energy resilience and security of both nations. Rolls-Royce has unique capabilities in nuclear as the only company globally with full lifecycle experience, end-to-end capability and an established supply-chain.”

“As the preferred bidder to develop the UK’s first Small Modular Reactors (SMR) we particularly welcome the commitment of the UK Government and Great British Energy – Nuclear to speed up deployment, through an accelerated licencing process alongside vital planning reforms, to get nuclear project sites in the UK approved more quickly. Delivering our three SMRs will enable us to support an average of almost 8,000 highly skilled UK jobs per year and accelerate the delivery of power to the grid, reducing energy bills, to the mid-2030s.

“We are also pleased to announce we have entered the US regulatory process for our SMR, a critical step to paving the way for additional jobs and investment potential in the US.”

UK Secretary of State for Energy and Climate Change, Ed Miliband, said:
The nuclear opportunities Rolls-Royce is exploring in the US represent the potential for exceptional job creation and economic growth in the UK, after Rolls-Royce was selected by Great British Energy – Nuclear earlier this year as a preferred bidder to build the UK's first small modular nuclear reactors.

“By working with the US, we will reap the benefits of this golden age of nuclear, powering British homes with clean, homegrown energy, delivering well-paid skilled jobs and getting energy bills down for good.”

Rolls-Royce has a long history of collaboration with the US, in particular with BWXT. We are exploring ways to deepen this relationship across advanced nuclear technologies, building on our existing nuclear Teaming Agreement and the work on Project Pele, where we have an established collaboration on developing an Advanced Modular Reactor in the US.

In June this year, Rolls-Royce SMR Ltd was selected as the preferred bidder to develop the UK’s first commercial Small Modular Reactor (SMR). Rolls-Royce SMR Ltd. is committed to working with UK Government and the regulator to deliver power-to-grid by the mid-2030s. Building a fleet of SMRs will contribute £54bn for the British economy and unlock new export opportunities for the UK.

In October 2024, Rolls-Royce SMR was selected by energy firm CEZ to deploy up to 3GW of electricity in the Czech Republic. We continue to see significant international interest in Rolls-Royce SMRs, including in Sweden where we have been shortlisted as one of two potential SMR providers by Vattenfall.

Rolls-Royce has signed memorandums of understanding (MOUs) with both Western and South Australian Governments that outline a commitment to collaborate on workforce development, skills training, and critical technologies to support the growing defence sectors in each state.

This marks a significant step forward in Australian preparations for the AUKUS submarine programme, which will provide the nation with their first conventionally armed nuclear navy. It also highlights the unique nuclear expertise Rolls-Royce brings to the AUKUS agreement.

Under the agreements, both Western and South Australian Governments, in collaboration with Rolls-Royce, will co-design and implement initiatives to build a highly-skilled workforce. There will be a particular focus on strengthening the STEM pipelines and addressing critical skills gaps for current and future defence projects.

Rolls-Royce has powered the Royal Navy’s nuclear submarines for over 65 years and is expanding its Derby site to support both UK and Australian defence programs. Rolls-Royce is the only private company in the world with the nuclear capability to manage reactor design, manufacture and decommissioning within one single entity.

In March 2023, it was confirmed that Rolls-Royce Submarines would provide all the nuclear reactor plants that will power new attack submarines as part of the tri-lateral agreement between Australia, the UK and US.

The MOUs build on previous engagements, including Rolls-Royce Submarines’ visit to Australia in 2024, and the company’s announcement to double the size of its Derby site to support the AUKUS program.

In 2022, Rolls-Royce launched their award-winning Nuclear Skills Academy, in partnership with the University of Derby. The academy takes on up to 200 apprentices each year, enabling a pipeline of talent at the start of their careers in support of the Royal Navy Submarines programme. This demonstrates the innovative approach that Rolls-Royce has taken to develop essential skills and capability - learnings from which will inform both MOUs.

These partnerships with Rolls-Royce will further strengthen both Western and South Australia’s position as critical contributors to the AUKUS alliance.

Steve Carlier, Rolls-Royce Submarines President, said:
We are incredibly proud to play our part in the development of the next generation of attack submarines for the Royal Navy, and equally proud to be supporting Australia in their mission to introduce nuclear powered submarines to their fleet.

“Nuclear submarines bring unsurpassed endurance, range, stealth, power and reliability that still provide the absolute pinnacle of military advantage.

“These MOUs allow us to leverage our decades of experience to help Australia develop a talented workforce and inspire the next generation of Australian nuclear engineers.”

South Australian Premier Peter Malinauskas MP said:
South Australia is at the forefront of the nation’s defence industry, but we need to keep growing the skills and capabilities required to meet future defence needs.

“AUKUS presents a once-in-a-generation opportunity for our state. This MOU will help us build the workforce and industry capability needed to deliver on that opportunity.

“A skilled workforce will be crucial to continuing our state’s leading role in defence project delivery to meet the nation’s growing security challenges, and work must begin on this now.”

Western Australian Defence Industries Minster Paul Papalia CSC MLA: said:
Western Australia is proud to partner with Rolls Royce, a world leader in nuclear reactor maintenance and construction.

“As the home of our nation’s submarine fleet, Western Australia is focused on the rapidly approaching task of sustaining nuclear-powered submarines from 2027.

“Collaboration with Rolls Royce will boost efforts to support our allies as part of Submarine Rotational Force – West.”

Rolls-Royce Submarines currently employs more than 5,000 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.

Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components.

It also provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane. In addition, there are technical specialists working in offices in Glasgow and Cardiff, with a unique test facility operating in Thurso, Scotland.

London, UK – 9 September 2025 – The international consortium comprised of Rolls-Royce (UK), Avio Aero (Italy) and IHI (Japan) today announced a major expansion of their partnership to accelerate development of the power and propulsion system for the next-generation fighter aircraft being developed through the Global Combat Air Programme (GCAP).

This step represents the transition from national contracting to fully integrated international collaboration, laying the foundation for the detailed design and development of GCAP’s all-new fighter engine. This development builds on the successful progress of the all-new centreline GCAP engine demonstrator. The three companies signed an evolved collaboration agreement that allows them to engage directly with Edgewing – the newly formed joint venture between BAE Systems, Leonardo and JAIEC of Japan.

As a consortium, Rolls-Royce, Avio Aero and IHI are transforming how they work to enable continued innovation and advance combat air propulsion technology to meet the timeline for GCAP’s first flight.

Pierfederico Scarpa, Senior Vice President Marketing & Sales, Avio Aero:
At Avio Aero we are proud to contribute our well-established expertise and knowledge in the design, development and production of advanced engine technologies to this key international partnership. By working in lockstep with Rolls-Royce and IHI, we are not just developing the power and propulsion system for GCAP, we are shaping the future of the three nations aerospace collaboration.”

Phil Townley, Director Defence Aerospace – Future Programmes, Rolls-Royce:
This new agreement is a pivotal step — it allows us to move from national programmes to a truly international, one-team approach. By combining our complementary expertise, we’re accelerating technology breakthroughs in materials, manufacturing and design that will power GCAP and strengthen the defence industrial base across the UK, Italy and Japan.”

Atsushi Sato, President Aero Engine, Space & Defense Business Area, IHI Corporation:
This collaboration represents a new era for combat air propulsion. By combining Japanese innovation in advanced technologies with the strengths of our UK and Italian partners, we are creating an engine that will deliver unmatched performance for GCAP while also reinforcing the shared industrial foundations of our three nations.”

The partners are delivering progress on the engine demonstrator, advancing technologies in additive manufacturing, cooling systems and high-pressure compressor design, and more. The engineering teams of the three consortium partners have already conducted several trilateral reviews to approve the engine demonstrator design, following the completion of joint design iterations and have initiated the hardware procurement.

Among the recent milestones was a successful test of a revolutionary combustor developed with enhanced Additive Layer Manufacturing techniques to create unique geometric cooling pathways. The next-generation advanced cooling and material technologies enable higher operating temperatures for the turbine while allowing components to run cooler for extended range to enhance durability and sustainability across the engine’s service life.

Together, the three companies form the propulsion consortium at the heart of GCAP, driving innovation and industrial collaboration across three nations to deliver the fighter engine of the future.

The partners collectively bring a wealth of global experience to enable continued innovation and advance combat air propulsion technology.

Rolls-Royce today announced leading international infrastructure group Balfour Beatty as its new fissile construction partner – a key milestone in the expansion of its Raynesway site.

In June 2023, it was announced that Rolls-Royce is planning to double the size of its Submarines site in Derby to meet the growth in demand from the Royal Navy. This is also a key enabler in the company’s commitment to provide all the reactors that will power the future attack submarines as part of the Australia, UK, US trilateral agreement, known as AUKUS.

This increase in demand will see new manufacturing and office facilities being built and will create 1,170 skilled roles across a range of disciplines, including manufacturing and engineering.

As the work will take place within the nuclear licensed site at Raynesway, the construction of fissile facilities adds a level of complexity and rigour above and beyond that of traditional builds. Balfour Beatty were announced as non-fissile construction partners last year so are able to bring consistency across the construction of the whole Raynesway expansion work.

Having previously announced the fissile design partners as PROPEL, a joint venture between AtkinsRéalis and Mott MacDonald, this next milestone will see Balfour Beatty work with the partners to bring the design of these new nuclear manufacturing facilities to life.

This also marks an important milestone for the expansion programme, with the full collective of partners selected across both our fissile and non-fissile programmes. Leading multi-disciplinary professional services consultancy WSP was announced as the non-fissile design partner in March last year.

Rolls-Royce Submarines Infrastructure Director Terry Meighan said:
The expansion work we have planned is of critical national importance as it enables us to safely increase our speed of manufacture, helping to deliver Dreadnought and the new SSN-AUKUS attack submarines at a much faster rate.

“The experience, pedigree and strong commitment to safety displayed by Balfour Beatty during the tender process means we now have a full complement of design and construction partners across the fissile and non-fissile expansion work. Working together they will deliver this extensive and critically important programme. This is an important milestone for us and we are confident we have selected partners with safety, collaboration and delivery excellence at their core.”

Nick Crossfield, Balfour Beatty Group Sector Lead, UK Defence, said:
Our appointment to this critical programme is a powerful endorsement of Balfour Beatty’s specialist expertise and proven ability to deliver complex infrastructure within one of the UK’s most secure and regulated environments.

“It further cements our leading role in supporting the UK’s long-term defence capability and is a clear testament to the momentum we’re building across our growth markets.”

Rolls-Royce Submarines currently employs more than 5,000 people and designs, manufactures and provides in-service support to the pressurised water reactors that power every boat in the Royal Navy’s submarine fleet.

Rolls-Royce is currently supporting the existing Astute and Dreadnought boat build programmes through the delivery of reactor plant and associated components.

It also provides frontline support across the world for reactor plant equipment from its Operations Centre in Derby and supports the submarines when in the Barrow-in-Furness shipyard and the naval bases at Devonport and Faslane. In addition, there are technical specialists working in Glasgow, Cardiff, and Thurso.

Voting Rights and Capital



In accordance with DTR 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules (DTR), Rolls-Royce Holdings plc (the Company) notifies the market that as at 31 August 2025, the issued share capital of the Company consisted of:



· 8,443,808,552 Ordinary Shares of 20p each; with 8,433,299,103 of these having voting rights.

· 1 Special Rights non-voting share of £1 with no voting rights.

· 21,306,466,168 non-cumulative redeemable preference shares of 0.1p each (C Shares) with no voting rights except at any general meeting at which a resolution to wind up the Company is to be considered in which case the holders of C Shares shall have the right to attend the general meeting and shall be entitled to speak and vote only on such resolution.



10,509,449 Ordinary Shares are held in Treasury. No C Shares are held in Treasury.



Therefore, the total number of voting rights in the Company is 8,433,299,103 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The following Shares vested on 26 August 2025 in relation to awards made on 25 August 2023 following a percentage of base salary being deferred into Shares for two years under the Rolls-Royce Incentive Plan.

PDMR
--------------------------Shares vested Shares sold to cover statutory withholding liabilities Shares retained
Tufan Erginbilgic--------16,337-----------------------------------7,694--------------------------------------------8,643
Helen McCabe-----------6,065------------------------------------2,857--------------------------------------------3,208

Price was rising too fast - this correction was needed before it can march higher on any positive news. We already know the divi is coming in September.

07 August 2025

London Stock Exchange CBOE BXE CBOE CXE Aquis
-------267,070------------------304,656-----------0-------------0

Following the above transaction, Rolls-Royce will hold 3,233,720 Ordinary Shares in treasury and has a total of 8,443,808,552 Ordinary Shares in issue

For more than a century, the Port of Duisburg has served as a cornerstone of Europe’s coal industry, handling more than 20 million tonnes of coal per year.

Today, it is not only the world's largest inland container port, but one that has embraced innovation to power itself using low carbon alternatives.

Our mtu hydrogen cogeneration plants and a fully integrated microgrid designed, developed and delivered in partnership with Rolls-Royce are at the heart of this transition.

A blueprint for low carbon infrastructure
The innovative energy system used to power the new container terminal was designed not only for the Port of Duisburg, but also as a blueprint for other ports and infrastructure projects.

Funded by the German Federal Ministry for Economic Affairs and Climate Protection, the project named enerPort II aims to demonstrate that a project of this size can be operated more sustainably with local generation of heat and electricity.


Most of the power supplied to the container port comes from solar panels, with surplus energy stored in an mtu EnergyPack battery container. When the sun isn’t shining, our mtu fuel cell systems and hydrogen cogeneration plants leap into action with control systems always ensuring the optimum combination of power sources.

The future is being tested here,” explains Alexander Garbar, Head of Corporate Development at Duisburger Hafen AG. “Our microgrid runs reliably and shows that it is possible to supply such a large port terminal completely self-sufficiently with green energy. That makes me proud.”


WATCH
Delivering even more power through hydrogen
The combined heat and power units and fuel cells are already powered by hydrogen. In the future, an electrolyser will be used to produce green hydrogen making the microgrid operation completely CO2-neutral.

The design of both mtu hydrogen engines now running in Duisburg is based on the proven stationary mtu gas engines, modified to accommodate the different physical and chemical properties of hydrogen.

Each one has an output of one megawatt. But with further development currently underway to make it even more powerful, our engineers hope to deliver an engine with at least two megawatts of power in the future.




Supporting our customers through the energy transition
At Rolls-Royce, we are committed to ensuring our products are fully compatible with sustainable fuels. With demand for hydrogen engines increasing, Andrea Prospero, a hydrogen engine developer at Rolls-Royce and his colleagues are developing a conversion kit for existing mtu gas engines.

“With this conversion kit, customers can turn their gas engine into a hydrogen engine, for example as part of a major overhaul, and thus generate CO2-neutral energy,” Andrea explains.

As part of a consortium with five companies and research institutes, Rolls-Royce engineers are developing the necessary technologies for new, more efficient hydrogen combustion engines. The publicly funded Phoenix (Performance Hydrogen Engine for Industrial and X) project aims to deliver a hydrogen engine with the same electrical and thermal energy as currently available natural gas CHP units in the larger output range for the first time.

“We are convinced that hydrogen combustion engines will become a central pillar of the energy transition,” says Tobias Ostermaier, who heads the decentralised energy systems business at Rolls-Royce. “As soon as the availability of green hydrogen is ensured on a large scale, the technology of highly efficient hydrogen block-type thermal power stations promoted in the Phoenix project will be ready for use.”

Looking for $15 short term

Another divi coming in September .05943 at current exchange rate.

ROLLS-ROYCE HOLDINGS PLC - 2025 Half Year Results







31 July 2025





Strong first half performance, demonstrating our transformation in action; FY25 guidance raised





-

Strong first half performance driven by continued progress in our multi-year transformation, despite challenges from the supply chain and tariffs



-

Underlying operating profit rose by 50% to £1.7bn with a margin of 19.1%, reflecting the impact of our strategic initiatives, operational effectiveness, and performance management



-

Free cash flow of £1.6bn driven by higher operating profit and continued LTSA balance growth



-

Full year 2025 guidance raised: we now expect £3.1bn-£3.2bn underlying operating profit and £3.0bn-£3.1bn free cash flow



-

Growing resilience: Net cash balance stood at £1.1bn and TCC/GM ratio improved to 0.35x



-

Shareholder returns: An interim dividend of 4.5p per share to be paid in September; and, in addition, we completed £0.4bn of our planned £1bn share buyback programme for 2025 during the period



Tufan Erginbilgic, CEO said: "Our multi-year transformation continues to deliver. Our actions led to strong first half year results, despite the challenges of the supply chain and tariffs. We are continuing to expand the earnings and cash potential of Rolls-Royce.

We delivered continued strong operational and strategic progress in the first half of 2025. In Civil Aerospace, we achieved significant time on wing milestones and delivered improved aftermarket profitability. In Power Systems, where we now see further growth potential, we continued to capture profitable growth across data centres and governmental. In addition, Rolls-Royce SMR was selected as the sole provider of the UK's first small modular reactor programme. We expect Rolls-Royce SMR to be profitable and free cash flow positive by 2030.

A strong start to the year gives us confidence to raise our guidance for 2025. We now expect to deliver underlying operating profit of £3.1bn-£3.2bn and free cash flow of £3.0bn-£3.1bn. This builds further conviction in our mid-term targets, which include underlying operating profit of £3.6bn-£3.9bn and free cash flow of £4.2bn-£4.5bn. We see these targets as a milestone, not a destination, with substantial growth prospects beyond the mid-term."

Half Year 2025 Group Results



Underlying

H1 2025 1

Underlying

H1 2024 1

Statutory
H1 2025

Statutory
H1 2024

£ million

Revenue

9,057

8,182

9,490

8,861

Operating profit

1,733

1,149

2,074

1,646

Operating margin %

19.1%

14.0%

21.9%

18.6%

Profit before taxation

1,689

1,035

4,841

1,416

Basic earnings per share (pence) 2

15.74

8.95

52.38

13.71











Free cash flow

1,582

1,158





Return on capital (%) 2, 3

16.9%

13.8%





Net cash flow from operating activities





2,018

1,669

















30 Jun 2025

31 Dec 2024

Net cash





1,084

475





1

All underlying income statement commentary is provided on an organic basis unless otherwise stated. A reconciliation of alternative performance measures to their statutory equivalent is provided on pages 43 to 46

2

In H1 2025, the Group recognised a £277m credit to underlying profit after tax (PAT) in respect of deferred tax assets on UK tax losses. This £277m credit has been adjusted in the calculation of the dividend per share, earnings per share and return on capital. For further details, see note 5, page 29

3

Adjusted Return on Capital is defined on page 46 and is abbreviated to return on capital



Half Year 2025 performance summary

· Strategic delivery: The first half of 2025 has been another period of strong strategic delivery, with significant year on year improvement across all key financial metrics. Driving this improvement were our strategic initiatives, including commercial optimisation and cost efficiency benefits. Strong financial performance was achieved despite an uncertain external environment, including continued supply chain challenges and tariffs. We expect to fully offset the impact of the announced tariffs through the mitigating actions we are taking. We are closely monitoring the potential indirect impact on economic growth, foreign exchange rates, and inflation and we will continue to take the necessary actions. We have seen some improvement in the supply chain, notably the availability of finished parts, helped by our actions, although we continue to see inflationary pressure in product costs.

· Significant operating profit and margin growth: Underlying operating profit was £1.7bn (H1 2024: £1.1bn) with an operating margin of 19.1% (H1 2024: 14.0%). The largest margin improvement was in Civil Aerospace, which delivered an operating margin of 24.9% (H1 2024: 18.0%). This was driven by strong large engine aftermarket performance, contractual margin improvements, and higher spare engine profit. Defence delivered an underlying operating margin of 15.4% (H1 2024: 15.5%), driven by improved performance in transport offset by the continued impact of supply chain challenges. Power Systems reported an operating margin of 15.3% (H1 2024: 10.3%), primarily driven by continued profitable growth in power generation, notably in data centres, and governmental. Across all divisions, our cost efficiency actions have helped to mitigate the impact of inflation.

· Sustainable free cash flow growth: Free cash flow was £1.6bn (H1 2024: £1.2bn), driven by strong operating profit and continued long-term service agreement (LTSA) balance growth. Civil net LTSA balance growth net of risk and revenue sharing agreements (RRSAs) of £472m (H1 2024: £544m) in the period was supported by higher large engine flying hours (EFH) at 109% of 2019 levels (H1 2024: 101%) and an improved EFH rate, partly offset by higher shop visit volumes. The actions we are taking to improve LTSA contracts are driving both higher margins and stronger cash flows.

· Building further resilience: As well as strengthening the balance sheet, we are delivering a more robust and less volatile free cash flow that is more resilient to the external environment. Net cash increased by £609m to £1.1bn (2024 FY: £475m). Gross debt stood at £3.5bn, of which $1.0bn matures in October 2025 and will be repaid from free cash flow, and lease liabilities were £1.4bn. Together with cash and cash equivalents of £6.0bn, we have a robust liquidity position of £8.5bn at 30 June 2025 (2024 FY: £8.1bn). In addition, total underlying cash costs as a proportion of underlying gross margin (TCC/GM) continued to improve to 0.35x (H1 2024: 0.49x).

· Growing shareholder returns: In line with our capital framework, we will pay an interim dividend per share of 4.5p in September1. We are making good progress with our £1bn share buyback programme for 2025, having completed £0.4bn by the end of June. Taken together, the 6p dividend per share in respect of the full year 2024, the interim dividend, and the share buyback will see us return £1.9bn to shareholders through 2025.



1

Further information on the dividend and the Company's Dividend Reinvestment Programme can be found in Note 7 to the condensed consolidated interim financial statements, page 30



Transformation programme and strategic initiatives

Our strategic framework is founded on four strategic pillars. We continue to make strong progress against each of these pillars.

· Portfolio choices & partnerships:

o CEZ Group became a shareholder in Rolls-Royce SMR in March. Alongside a commitment to buy up to six Small Modular Reactors (SMRs), CEZ Group brings significant experience as a nuclear power plant operator with an established nuclear supply chain.

o Rolls-Royce and Turkish Technic announced plans to establish a state-of-the-art maintenance, repair, and overhaul (MRO) facility at Istanbul Airport which will help address growing long-term aftermarket demand. This facility will be operational by the end of 2027, providing maintenance services for Trent XWB-84, Trent XWB-97, and Trent 7000 engines.

o In Power Systems, we are continuing to invest in our next generation engine that will offer higher power density, lower emissions, and improved fuel consumption compared to its peers, and will enter into service in 2028. We are also significantly upgrading our military engines, with higher power density, to capture growing demand.

o In July, we completed the sale of our naval propulsors business to Fairbanks Morse Defence (FMD) and we expect to close the sale of the naval handling business, also to FMD, at a later date.



· Advantaged businesses & strategic initiatives:

o In Civil Aerospace, we continue to drive for improved commercial terms and lower costs across our widebody and business aviation contracts, which will deliver a significant benefit to underlying operating profit and cash flow to the mid-term and beyond. All our original equipment (OE) contracts have now been successfully renegotiated. We have also now renegotiated the most significant onerous aftermarket contracts and expect to largely conclude the remainder through 2025 and 2026.

o Our time on wing programme, which will deliver more than an 80% improvement on average across modern Trent engines by 2027, is progressing well. We have now either delivered or secured more than half of the targeted improvement. A significant milestone achieved in the period, supporting this target, was on the Trent XWB-84 where the analysis of millions of hours of operating data will allow us to systematically raise the cycle limit of critical parts, and combined with a compressor blade modification, further increases the time on wing of this engine. The achievement of this milestone, combined with the renegotiations of onerous contracts, supported total gross contractual margin improvements of £402m in the period.

o In June, the improved high-pressure turbine (HPT) blade for the Trent 1000 TEN, that will more than double the time on wing of the engine, was certified. We remain on track to deliver improvements for the Trent 1000 and Trent 7000 that will deliver a further 30% time on wing benefit by the end of this year. In addition, the Airbus A350-900 powered by the new Trent XWB-84EP variant, which will improve fuel consumption by more than 1% relative to the baseline engine and deliver a further time on wing benefit, entered into service in May.

o In business aviation, the Pearl 700-powered Gulfstream G800 was certified by the FAA and EASA in April, ahead of the aircraft's entry into service later this year. On the Pearl 10X engine, for the Dassault Falcon 10X, we have successfully completed all major engine certification tests and will submit the certification reports to the regulators for approval.

o In Defence, we were awarded a £0.5bn five-year support contract with the UK Ministry of Defence for maintenance and service of the EJ200 engine that powers the UK Royal Air Force's Typhoon aircraft. We also secured orders for Trent 7000 engines for the new upgraded Airbus MRTT+ (multi role tanker transport plus) aircraft. In addition, we signed a sustainment contract worth £1.0bn with the US Air Force for the AE 2100 engines.

o In Power Systems, we have made focused investments in our production capacity in the US that will support continued data centre growth. Demand for our backup power generators for data centres remains very strong, and we now expect higher revenue growth, at around 20% per year to the mid-term in the power generation segment (previously 15%-17%). Our governmental business is also well positioned to capture the benefits from increased European defence spending. As a result, we now expect higher governmental revenue growth of 12%-14% per year to the mid-term, mainly driven by growth in land defence.



· Efficiency & Simplification:

o Our TCC/GM ratio further improved to 0.35x. This represents a best-in-class ratio and a competitive advantage as we transform Rolls-Royce into a more resilient business.

o We have delivered more than £450m of Efficiency & Simplification benefits since the start of 2022 and remain on track to deliver more than £500m by the end of this year. Our Efficiency & Simplification targets are supported by zero-based budgeting and our Group Business Services (GBS) strategy. GBS efficiencies are scaling up: we have opened a new GBS centre in Poland and are expanding our centre in India.

o We have delivered more than £850m of gross third-party cost savings since the start of 2022 which has helped to partially offset inflationary pressures, and we remain on track to deliver more than £1bn by the end of this year.



· Lower carbon & digitally enabled businesses:

o In June, Rolls-Royce SMR was chosen as the sole provider in the Great British Energy - Nuclear (GBEN) SMR competition to build three SMR units in the UK. Contractual terms are expected to be finalised in the fourth quarter of 2025, resulting in a two-stage contract that will see the first SMR connected to the grid by the mid-2030s. This project will start to generate revenues and profit from late 2025 onwards, with positive cash flows throughout. We expect Rolls-Royce SMR to be profitable and free cash flow positive by 2030. We continue to see significant international interest in Rolls-Royce SMRs, including in Sweden where we have been shortlisted as one of two potential SMR providers by Vattenfall.

o In Power Systems, our battery energy storage systems (BESS) business has won major orders, including for the Ignitis Group in Lithuania, which are supporting strong revenue growth and our ambition to achieve breakeven performance in the near-term.

o We are increasingly adopting Artificial Intelligence (AI) across the Group as part of our digital strategy. We are testing our own Generative AI platform for a variety of use cases including accelerating new product introductions and more efficient MRO processes. We are also working to provide greater transparency across our supply chain through digital, data and AI.

o Our Engine Health Monitoring (EHM) has moved to the cloud for key widebody and business aviation engines. This offers improved performance, scalability, and resilience as well as advanced AI capabilities that can be used for improvements in engine performance.



These strategic initiatives are continuing to expand the earnings and cash potential of the business.

Outlook and 2025 guidance

A strong first half delivery gives us confidence to raise our full year 2025 guidance, despite a challenging and uncertain external environment. This reflects the continued execution of our strategic initiatives, notably commercial optimisation and cost efficiencies.

2025 financial guidance

Updated

Previous

Underlying operating profit

£3.1bn-£3.2bn

£2.7bn-£2.9bn

Free cash flow

£3.0bn-£3.1bn

£2.7bn-£2.9bn

Operating profit guidance for the full year 2025 now stands at £3.1bn-£3.2bn. Compared to an operating profit of £1.7bn in the first half, we expect a slightly lower delivery in the second half of 2025 due to a lower contribution from net contractual margin improvements (H1 2025: £288m), an increased number of OE deliveries and higher MRO investment related costs in Civil Aerospace.

Free cash flow guidance for the full year 2025 now stands at £3.0bn-£3.1bn. We expect a slightly lower free cash flow in the second half compared to the first half of 2025. This reflects a slightly lower operating profit in the second half of the year, alongside an increased number of large engine major shop visits with a significant increase in Trent 1000 major shop visits. Investments across the Group will also be higher in the second half as we continue to support growth to the mid-term and beyond.

As guided in February, our free cash flow guidance for full year 2025 still includes a £150-200m cash impact related to the aerospace supply chain. Our actions have resulted in some improvements in parts availability across the supply chain. However, we anticipate challenges to persist through 2025 and 2026.

Our guidance assumes Civil net LTSA creditor growth at the low end of the range of £0.8bn-£1.2bn. In Civil Aerospace, we continue to expect large EFH in the range of 110-115% of 2019 levels and 1,400-1,500 total shop visits. We now expect total OE deliveries at the low end of the 540-570 range.



Mid-term targets

We are making good progress towards our mid-term targets, which were set in February 2025 and are based on a 2028 timeframe. These mid-term targets remain significantly underpinned by our actions, investments, and strategic initiatives, including the benefits of efficiency and simplification across the Group. The performance improvements that underpin these targets and the actions required to deliver them are owned across the Group and supported by rigorous performance management.





Mid-term targets (2028)

Group targets:



Underlying operating profit

£3.6bn-£3.9bn

Underlying operating margin

15%-17%

Free cash flow

£4.2bn-£4.5bn

Return on capital

18%-21%





Divisional margin targets:



Civil Aerospace

18%-20%

Defence

14%-16%

Power Systems

14%-16%

We continue to see our mid-term targets as a milestone, not a destination, and we see strong growth prospects beyond the mid-term across the Group.



Financial performance by business

£ million

Underlying revenue

Organic change 1

Underlying operating profit/(loss)

Organic change 1

Underlying operating margin

Organic margin change 1

Civil Aerospace

4,786

17%

1,193

63%

24.9%

7.1pt

Defence

2,223

1%

342

0%

15.4%

(0.2)pt

Power Systems

2,042

20%

313

89%

15.3%

5.6pt

All Other Businesses 2

6

nm 3

(78)

nm 3

nm 3

nm 3

Corporate/eliminations

-

nm 3

(37)

6%

nm 3

nm 3

Total

9,057

13%

1,733

50%

19.1%

4.9pt



Trading cash flow

£ million

H1 2025

H1 2024

Civil Aerospace

1,111

1,038

Defence

327

234

Power Systems

425

121

All Other Businesses 2

17

(71)

Corporate/eliminations

(33)

(33)

Total trading cash flow

1,847

1,289

Underlying operating profit charge exceeded by contributions to defined benefit schemes

(6)

(18)

Taxation

(259)

(113)

Total free cash flow

1,582

1,158



1

Organic change is the measure of change at constant translational currency applying full year 2024 average rates to 2024 and 2025 and excludes M&A and business closures. All underlying income statement commentary is provided on an organic basis unless otherwise stated

2

All Other Businesses include the financial results of Rolls-Royce SMR (also referred to as Rolls-Royce SMR Limited), electrical power solutions and the UK Civil Nuclear business (see note 2 for further details)

3

nm is defined as not meaningful



Civil Aerospace

H1 2025 key Civil Aerospace operational metrics:

Large engine

Business aviation/ regional

Total

Change

OE deliveries

122

115

237

1

LTSA engine flying hours (millions)

8.1

1.5

9.6

0.6

Total LTSA shop visits

494

202

696

72

…of which major shop visits

217

189

406

12



Significantly improved Civil Aerospace operating profit reflects strong large engine aftermarket performance, across both LTSA and time and materials, net contractual margin improvements, and higher spare engine profit.

In the first half of 2025, a total of 349 large engines were ordered (H1 2024: 273) with a gross book-to-bill of 2.9x (H1 2024: 2.3x). The Trent XWB-97 and Trent 7000 were our bestselling engines in the period, with 163 and 148 orders, respectively. Significant new orders included Riyadh Air, Vietjet Air, STARLUX and AviLease. As a result of strong order inflow, our large engine order book increased by 12% and now stands at 2,056 engines at the end of June 2025.

Total OE deliveries of 237 engines were broadly similar to the prior period (H1 2024: 236), with 115 business aviation deliveries (H1 2024: 116) and 122 total large engine deliveries (H1 2024: 120). In the first half of 2025 we delivered 23 large spare engines (H1 2024: 21), which represented 19% of total large engine deliveries (H1 2024: 18%). Total shop visits increased by 12% versus the prior period to 696 (H1 2024: 624); of these 217 were large engine major shop visits (H1 2024: 195).

Underlying revenue of £4.8bn increased 17%, driven by higher shop visit volumes and commercial optimisation. Underlying OE revenue grew by 12% in the period to £1.5bn and services revenue grew by 19% to £3.3bn. LTSA revenue catch-ups were £126m (H1 2024: £258m).

Underlying operating profit was £1.2bn (24.9% margin) versus £740m in H1 2024 (18.0% margin). The significant increase in operating profit was driven by stronger large engine aftermarket performance, with higher LTSA volumes and margins alongside increased time and materials profit, a larger contribution from contractual margin improvements, and improved spare engine profits.

Our efforts to improve the commercial terms and reduce costs across our large engine and business aviation contracts supported gross contractual margin improvements of £402m. These were primarily driven by the continued successful renegotiation of onerous contracts in the period, alongside the achievement of key time on wing milestones on the Trent XWB-84.

These benefits were partially offset by £114m of additional charges associated with the impact of prolonged supply chain challenges, which were booked across onerous provisions and contract catch-ups. As a result, net contractual margin improvements were £288m (H1 2024: £223m), comprising contract catch-ups of £107m (H1 2024: £216m) and onerous provision releases of £181m (H1 2024: £7m).

Trading cash flow of £1.1bn was slightly higher than the prior period (H1 2024: £1.0bn). Cash flow in the period was largely driven by operating profit alongside continued net LTSA balance growth. LTSA balance growth net of RRSAs of £472m (H1 2024: £544m) was supported by continued EFH growth, a higher normalised EFH rate due to our commercial actions, with LTSA invoiced flying hour receipts of £3.0bn (H1 2024: £2.9bn). This was offset by an increased number of shop visits. Large EFH rose by 8% versus the prior period to 109% of 2019 levels, driven primarily by new aircraft deliveries. Business aviation and regional EFH were broadly unchanged in the period.



Defence

Operating profit was similar to the prior period, with improved performance in transport offset by the absence of a one-off benefit in submarines and the impact of continued supply chain challenges.

Demand remains high, with an order intake of £4.0bn and a book-to-bill ratio of 1.8x. Combat and transport order intake was particularly strong, and with improved profitability. Order backlog now stands at £18.8bn, equivalent to around four years of revenue, with order cover approaching 100% for the remainder of 2025.

Revenues of £2.2bn were flat compared to the prior period1. Transport revenues grew by 29%, with strong growth across both OE and aftermarket. This was offset by lower submarines revenues1, which fell by 19% due to the absence of a one-off benefit in the prior period of £180m. Key milestones in the period included the first engine delivery for the MQ-25 programme and the first MV-75 FLRAA engine entering development testing.

Operating profit was £342m (15.4% margin) compared to £345m (15.5% margin) in the prior period. This reflects improved performance in transport, across both OE and aftermarket, offset by the absence of the submarines one-off benefit in the prior period and the continued impact of supply chain constraints, notably in naval.

Trading cash flow was £327m compared to £234m in the prior period, with a similar operating profit alongside an improved working capital performance.

Power Systems

In Power Systems, significantly improved operating profit and margins primarily reflects profitable growth in both power generation, driven by data centres, and governmental.

Order intake was £2.9bn with a book-to-bill ratio of 1.4x. This represents a 32% increase compared to the prior period, driven by strong power generation demand where order intake rose by 68%, which included an 85% year on year increase in data centre orders. As a result of strong order intake, the order backlog now stands at a record level, with OE order coverage of 100% for the remainder of 2025 and 43% for 2026. Order coverage ratios are high relative to history, with increased coverage in both power generation and governmental.

Underlying revenue was £2.0bn, an increase of 20% versus the prior period. Power generation revenue growth was 26%, including data centre revenue growth of 45%. Governmental revenue growth was 19%, driven by higher demand in land defence and services. Underlying OE revenues grew by 21% to £1.4bn. Underlying services revenue grew by 17% to £661m.

Underlying operating profit grew by 89% to £313m. Underlying operating margin rose by 5.6pts to 15.3% (H1 2024: 10.3%). The increase in underlying operating profit reflects profitable growth in power generation, driven by data centres, governmental growth, and improved BESS profitability.

Trading cash flow was £425m with a conversion ratio of 136% versus £121m and 64% last year. The increase in trading cash flow was mainly due to higher operating profit alongside an improved working capital performance, reflecting the benefits or our working capital initiatives alongside some timing benefits associated with customer advances in H1 2025.

1

Defence revenues in H1 2024 included a £180m benefit of a one-off capital and lease transaction. Excluding this, Defence revenues in H1 2025 grew 10%, submarine revenues grew 6%


Statutory and underlying Group financial performance



H1 2025

H1 2024

£ million

Statutory

Impact of hedge book1

Impact of acquisition accounting

Impact of other non-underlying items

Underlying

Underlying

Revenue

9,490

(433)

-

-

9,057

8,182

Gross profit

2,927

(102)

7

(260)

2,572

1,977

Operating profit

2,074

(102)

8

(247)

1,733

1,149

Gain arising on disposal of businesses

679

-

-

(679)

-

-

Profit before financing and taxation

2,753

(102)

8

(926)

1,733

1,149

Net financing income/(costs)

2,088

(2,163)

-

31

(44)

(114)

Profit before taxation

4,841

(2,265)

8

(895)

1,689

1,035

Taxation

(433)

572

(2)

(230)

(93)

(298)

Profit for the period

4,408

(1,693)

6

(1,125)

1,596

737

Basic earnings per share (pence) 2

52.38







15.74

8.95

Revenue: Underlying revenue of £9.1bn was up 13%, with strong growth in Civil Aerospace and Power Systems. Statutory revenue of £9.5bn was 7% higher compared with the prior period. The difference between statutory and underlying revenue is driven by statutory revenue being measured at average prevailing exchange rates (H1 2025: GBP:USD 1.30; H1 2024: GBP:USD 1.27) and underlying revenue being measured at the hedge book achieved rate during the period (H1 2025 GBP:USD 1.44; H1 2024:GBP:USD 1.48).

Operating profit: Underlying operating profit of £1.7bn (19.1% margin) versus £1.1bn (14.0% margin) in the prior period. The largest increase in underlying operating profit was in Civil Aerospace, driven by strong large engine aftermarket performance, contractual margin improvements and higher spare engine profit. Power Systems delivered significantly higher profit as a result of continued profitable growth in power generation, notably in data centres, and governmental. Statutory operating profit was £2.1bn, higher than the £1.7bn underlying operating profit due to a £102m negative impact from currency hedges in the underlying results, and items excluded from the underlying results, being: £8m relating to the amortisation of intangible assets arising on previous acquisitions; £247m of other non-underlying items comprising a £185m impairment reversal related to a Civil Aerospace programme asset impairment previously recorded, £83m onerous provision release, and charges relating to transformation and restructuring costs of £21m.

Gain arising on disposal of businesses: During the period, CEZ Group made a strategic investment into Rolls-Royce SMR. As a result, Rolls-Royce SMR was deconsolidated as it transitioned from a subsidiary to an equity-accounted investment, resulting in a profit on disposal of the subsidiary of £679m.

Profit before taxation: Underlying profit before taxation of £1.7bn included £(44)m net financing costs comprising £147m interest receivable, £(125)m interest payable and £(66)m of other financing charges and costs of undrawn facilities. Statutory profit before tax of £4.8bn included £1.6bn net fair value gains on derivative contracts, net foreign exchange gains of £529m, £(64)m other financing charges, costs of undrawn facilities and pension scheme financing and £(11)m net interest payable.

Taxation: Underlying tax charge of £(93)m (H1 2024: £(298)m) reflects an overall tax charge on profits of Group companies, offset by a tax credit of £31m relating to utilisation of a previously unrecognised deferred tax asset on UK tax losses against profits in the period, and a further £277m relating to recognition of a previously unrecognised deferred tax asset on UK tax losses. These are reflected in the statutory tax charge of £(433)m (H1 2024: £(280)m) which also includes a further tax credit of £286m on recognition of a previously unrecognised deferred tax asset on UK tax losses, a £170m tax credit relating to the deconsolidation of Rolls-Royce SMR from the Group, and a £13m tax credit relating to other non-underlying items.





1

Reflecting the impact of measuring revenue and costs at the average exchange rate during the period and the valuation of assets and liabilities using the period end exchange rate rather than the rate achieved on settled foreign exchange contracts in the period or the rate expected to be achieved by the use of the hedge book

2

In H1 2025, the underlying profit attributable to ordinary shareholders has been adjusted for the one-off non-cash impact of £277m related to the recognition of deferred tax assets on UK tax losses, see note 5, page 29 for further details



Free cash flow



H1 2025

H1 2024

£ million

Cash flow

Impact of hedge book

Impact of acquisition accounting

Impact of other non-underlying items

Funds flow

Funds flow

Operating profit

2,074

(102)

8

(247)

1,733

1,149

Depreciation, amortisation and impairment

256

-

(8)

185

433

427

Movement in provisions

(395)

(8)

-

109

(294)

(106)

Movement in Civil Aerospace LTSA balance

440

1

-

-

441

715

Movement in RRSA prepayments for LTSA parts

46

(15)

-

-

31

(171)

Movement in cost to obtain contracts

(48)

-

-

-

(48)

7

Settlement of excess derivatives

(116)

-

-

-

(116)

(75)

Interest received

150

-

-

-

150

124

Other operating cash flows

64

-

-



64

(10)

Operating cash flow before working capital and income tax

2,471

(124)

-

47

2,394

2,060

Working capital 1

226

(247)

-

(1)

(22)

(228)

Cash flows on other financial assets and liabilities held for operating purposes

(389)

358

-

-

(31)

(5)

Income tax

(290)

-

-

31

(259)

(113)

Cash from operating activities

2,018

(13)

-

77

2,082

1,714

Capital element of lease payments

(91)

13

-

-

(78)

(112)

Capital expenditure

(349)

-

-

-

(349)

(291)

Cash received on maturity of share based payment schemes

38

-

-

-

38

-

Investments

31

-

-

-

31

17

Interest paid

(136)

-

-

-

(136)

(157)

Other

71

-

-

(77)

(6)

(13)

Free cash flow

1,582

-

-

-

1,582

1,158

Free cash flow in the period was £1.6bn, an improvement of £0.4bn compared with the prior period driven by:

Underlying operating profit of £1.7bn, £0.6bn higher than the prior period. This reflects higher underlying operating profit in Civil Aerospace and Power Systems, driven by our strategic initiatives, including commercial optimisation and cost efficiency benefits.

Movement in provisions of £(294)m driven by utilisation across several provisions held, including onerous contracts, warranty and guarantees, transformation and restructuring.

Movement in Civil LTSA balance was £441m, driven by continued EFH growth and a higher normalised EFH rate due to our commercial actions, offset by an increased number of shop visits.

Movements in prepayments to RRSAs for LTSA parts of £31m (H1 2024: £(171)m) arises as amounts recognised in the income statement (as parts supplied by RRSA partners are used) have been in excess of payments to RRSA partners in the period, where the RRSA partner receives a share of the cashflows the Group has received from its customers.

Interest received of £150m, £26m higher than the prior period. This reflects a higher average cash balance through the period.

Other operating cash flows of £64m include share of results and dividends received from joint ventures and associates, flows relating to our defined benefit post-retirement schemes, and share based payments.

Working capital outflows of £(22)m, compared to £(228)m in the prior period. A net inflow of £586m from receivables, payables and contract liabilities reflecting the benefits from our working capital initiatives was offset by a £(608)m increase in inventories to meet demand across the Group.



1

Working capital includes inventory, trade and other receivables and payables, and contract assets and liabilities (excluding Civil Aerospace LTSA balances, prepayment to RRSAs and costs to obtain contracts)



Income tax of £(259)m, net cash tax payments for the first half of 2025 were higher than the prior period of £(113)m due to higher profit and some timing impacts, including final payments made in respect of the prior year.

Capital expenditure of £(349)m, includes £(202)m of property, plant and equipment additions and £(167)m of intangibles additions. The combined additions were higher than the prior period as a result of investment in R&D, technology and site improvements across the Group.

Interest paid of £(136)m, including lease interest payments, is £21m lower than the prior period. The reduction in interest charges is across interest paid, interest element of lease payments and fees paid on undrawn facilities.

Balance Sheet

£ million

30 June 2025

31 December 2024

Change

Intangible assets

4,488

4,402

86

Property, plant and equipment

3,732

3,724

8

Right-of-use assets

785

761

24

Joint ventures and associates

1,244

592

652

Civil Aerospace LTSA 1

(10,693)

(10,184)

(509)

RRSA prepayments for parts 1

1,836

1,668

168

Costs to obtain contracts 1

183

135

48

Working capital 1

(1,816)

(1,731)

(85)

Provisions

(1,617)

(1,994)

377

Net cash 2

1,084

475

609

Net financial assets and liabilities 2

75

(1,980)

2,055

Net post-retirement scheme deficits

(192)

(191)

(1)

Taxation

3,249

3,383

(134)

Assets and liabilities held for sale 3

69

53

16

Other net assets and liabilities

7

6

1

Net assets/(liabilities)

2,434

(881)

3,315

Other items







US$ hedge book (US$bn)

21

19



Key drivers of balance sheet movements were:

Joint ventures and associates: The £0.7bn increase was largely a result of Rolls-Royce SMR being recognised at its fair value as an equity-accounted investment following the strategic investment by CEZ Group (CEZ) in Rolls-Royce SMR during the period.

Civil LTSA: The £(509)m movement in the net liability balance was mainly driven by an increase in invoiced LTSA receipts exceeding revenue recognised in the period.

Working capital: The £(1.8)bn net working capital position increased by £(85)m compared to the prior period. The movement comprised an increase in contract liabilities of £(495)m and £(109)m increase in net payables due to changes in operational volumes and timing of supplier payments. This was partly offset by a £519m increase in inventory reflecting higher sales volumes.

Provisions: The £377m net reduction in provisions was due to onerous contract loss reversals and utilisation being greater than onerous contract loss charges in the period, supported by continued efforts to renegotiate our most significant onerous contracts.

Net cash: Increased from £475m to £1.1bn driven by a free cash inflow of £1.6bn. Our liquidity position is strong with £8.5bn of liquidity including cash and cash equivalents of £6.0bn and undrawn facilities of £2.5bn. Net cash included £(1.4)bn of lease liabilities (2024 FY: £(1.6)bn).

1

The total of these lines represent inventory, trade receivables and payables, contract assets and liabilities and other assets and liabilities in the statutory balance sheet

2

Net cash includes £(50)m (2024: £33m) of the fair value of derivatives included in fair value hedges and the element of fair value relating to exchange differences on the underlying principal of derivatives in cash flow hedges

3

Assets and liabilities held for sale relate to the sale of the naval propulsors & handling business

Net financial assets and liabilities: A £2.1bn increase in the net financial assets primarily driven by fair value gains on foreign exchange and commodity contracts due to the impact of the movement in GBP:USD exchange rates.

Taxation: The net tax asset reduced by £(134)m to £3.2bn. The decrease primarily relates to a £(502)m reduction in deferred tax related to foreign exchange derivatives, which moved from a net financial liability to a net financial asset position, and a £(200)m reduction in deferred tax assets driven by a reactivation of previously disallowed interest and asset impairment reversals. These are partly offset by the recognition of a £563m deferred tax asset relating to UK tax losses that was previously not recognised. Deferred tax liabilities have decreased by £7m.

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$RYCEF

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Thanks for info!

LOOKING AT SHARES, COULD REVERSE SPLIT

I WISH I FOLLOW SOONER $RYCEF

rycef /\ 52 wk pps /\ 52WK RANGE 1.26 - 4.12

https://www.otcmarkets.com/stock/RYCEF/overview

surprising only trades otcpinks /\ 02-12-2024

RYCEF
Rolls Royce Holding PLC (PK)
6.93
0.375 (5.72%)
Volume: 126,631
Day Range: 6.859 - 6.9624
Last Trade Time: 4:00:26 PM EDT

RYCEF
Rolls Royce Holding PLC (PK)
5.03
0.09 (1.82%)
Volume: 32,623
Day Range: 4.9225 - 5.04
Last Trade Time: 3:55:04 PM EDT

That would be great.

thank you, may rally soon.

I WISH I FOLLOW SOONER $RYCEF

Hi Mick, yes looking good.

I have actually, moved most everything in Mag 7 stocks, quite some time ago.

Best to you on RYCEF.

hi there looking much better /\ $RYCEF

rycef /\ 52 wk pps /\ 52WK RANGE 1.26 - 4.12