British engine maker Rolls-Royce announced a 1.5 billion pound interim share repurchase within its existing multi-year programme. The purchase is planned to finish by the annual results announcement on 25 February. Management maintained its profit and cash flow guidance, while reporting growth in large-engine flying hours and orders for its Power Systems business.
Engine manufacturer Rolls-Royce announced an interim share buyback of 1.5 billion pounds. It forms part of the existing 7–9 billion pound programme covering 2026–2028. The interim purchase is planned to conclude by the annual results announcement on 25 February. The company said its 2.5 billion pound repurchase for the current year was substantially complete.[1], [2]
Management maintained annual guidance for underlying operating profit of 4.7–4.9 billion pounds and free cash flow of 3.8–4.0 billion pounds. Large-engine flying hours increased 4 per cent during the first ten months, reaching 114 per cent of their 2019 level. The full-year forecast remains at the lower end of the 115–120 per cent range. The large-engine order backlog reached 2,500 units.[1]
Power Systems, the group’s power generation business, increased orders by 62 per cent in the first nine months. Its backlog rose from 8 billion pounds at the half-year to 8.6 billion pounds. Gas-engine orders nearly tripled, supported by demand from data centres. Services accounted for 40 per cent of the division’s operating profit. Discussions continued over a multi-year contract to supply data centre backup power.[1]
