Babcock International Group has reported a year of strong underlying financial performance for FY26, with revenue up 10% to £5.27 billion and underlying operating profit – excluding a significant one-off charge – rising 19% to £433 million. The headline figures, however, are dominated by a £140 million charge on the troubled Type 31 frigate programme, which has overshadowed what would otherwise have been a landmark year for the company. The results, based on unaudited management accounts, confirm that Babcock’s nuclear and aviation divisions delivered exceptional growth, while the Marine sector – home to the Type 31 programme – bore the…
