AIRBUS DEFENCE AND SPACE LIMITED

1. AIRBUS DEFENCE AND SPACE LIMITED 2014-07-01 → present
2. ASTRIUM LIMITED 2006-06-30 → 2014-07-01
3. EADS ASTRIUM LIMITED 2003-06-20 → 2006-06-30
4. ASTRIUM LIMITED 1999-07-01 → 2003-06-20
5. MATRA MARCONI SPACE UK (HOLDINGS) LIMITED 1991-06-10 → 1999-07-01
6. MARCONI SPACE SYSTEMS (HOLDINGS) LIMITED 1990-09-03 → 1991-06-10
7. GIFTQUICK LIMITED 1989-12-05 → 1990-09-03

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have concluded that the going concern period runs to 30 June 2027. The business has established Budgets for the period to 30 June 2027 that demonstrate that net debt is not expected to exceed the overall credit limits with Airbus SE of €480,000,000. These Budgets assume that the Telecom satellite business achieves the significantly updated Onesat business case assumptions included in the 2025 financial results. The Earth observation business is expected to continue at higher levels of revenues and profitability compared to 2025. The Secure Connectivity business revenues are budgeted to remain at a similar level during 2026. The Directors have then run reverse stress tests on the budget to determine the point at which the treasury limit would be breached. These indicate that, for net debt to breach the agreed limit, both; profitability would need to be 4% lower than budgeted for the period to the 30 June 2027, plus there would need to be an adverse working capital movement of more than €61.88m. The Directors deem this scenario remote and note that this is also before controllable mitigating actions that could be taken in such a scenario such as the deferral of capital expenditure or reorganization efforts. As a result, the Directors' expect that the Company will be able to continue in operational existence for the foreseeable future, and the financial statements have been prepared on the going concern basis.”

Group structure

1. AIRBUS DEFENCE AND SPACE LIMITED · parent
   1. Paradigm Services Limited 100% · England · Non-trading
   2. Airbus Defence and Space AS 100% · Norway · Satellite Communications
   3. GPT Special Project Management Limited 100% · England · Project management
   4. Surrey Satellite Technology Limited 100% · England · Satellite Communications
   5. Airbus DS (Satcom Australia) Pty Ltd 100% · Australia · Satellite Communications
   6. Airbus Military UK Limited 100% · England · Maintenance of aircraft and related services
   7. Aalto HAPS Limited 84.6% · England · Satellite Communications

Significant events

• “On 23 January 2026, subsequent to the reporting date of 31 December 2025 the Company made an investment of £13,523,381 ($18,150,000) in Aalto HAPS Limited for the allotment of 3,065,212 ordinary shares. This is a non-adjusting event for the year ended 31 December 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.7%

  £532,501,000 → £589,366,000

• Cash

  0%

  £1,000 → £1,000

• Net assets

  -7.5%

  £818,212,000 → £756,823,000

• Employees

  -4.2%

  2,692 → 2,579

• Operating profit

  +78.7%

  -£243,568,000 → -£51,993,000

• Profit before tax

  +76.2%

  -£268,716,000 → -£63,912,000

• Wages

  -4.7%

  £163,511,000 → £155,787,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers