Safran’s board of directors has published its financial statements for the six-month period ended 30th June, 2025, with positive results in revenue and income.
Safran reports H1 2025 revenues of €14,769 million, which is an increase of 13.2% compared to H1 2024.
The revenue was generated by activities in its Propulsion, Equipment & Defense, and Aircraft Interiors division.
The Aircraft Interiors division saw revenue growth of 15.5% over the six-month period, with its aftermarket interiors activities growing by 17.3%, mostly driven by cabin spare parts.
The division also saw OE sales grow by 14.4% in H1 2025, mainly driven by its seating activities, with a significant increase in business-class seat deliveries (1,238 units in H1 2025 vs 750 in H1 2024). Cabin deliveries (galleys, inserts, etc.) also increased, though to a lesser extent.
Recurring operating income
In H1 2025, Safran’s recurring operating income reached €2,510 million, representing a 27.2% year-on-year increase, driven by revenue growth and ‘robust’ aftermarket activity. The operating margin stood at 17.0% of revenue – up 1.9pt (15.1% in H1 2024).
The Aircraft Interiors division achieved a positive recurring operating income of €27 million (compared to €10 million in H1 2024). Profitability was driven by what Safran says is a strong level of activity in services, benefiting from increased long-range aircraft traffic, notably for cabin activities. OE volume also made a positive contribution to recurring operating income, particularly the increased deliveries of business-class seats and, to a lesser extent, from cabin and in-flight entertainment (IFE) product deliveries.
Safran CEO Olivier Andriès said of the results: “The Paris Air Show confirmed the sector’s underlying trends and underscored the promising growth outlook for both civil aerospace and defence. Reflecting this positive environment, Safran delivered excellent results in the first half of 2025, achieving a record operating margin of 17% as well as unprecedented cash generation, driven by robust civil engine aftermarket activities.
“In the light of this strong performance, we are raising our full-year guidance on all metrics and reiterate our confidence in our mid-term outlook. On the trade front, we welcome the progress made on transatlantic tariff exemption for most aerospace products, and remain vigilant and proactive in managing any residual exposure,” added Andriès.
