Safran 1H25 Revenue Up 13% on Strong Engine, Parts Demand

Safran reported €14.7 billion (US$15.9 billion) in revenue for the first half of 2025, a 13% increase compared to €13.047 billion in the same period of 2024. Net income reached €1.654 billion, up 12% from €1.481 billion a year earlier. The company attributed this growth to rising sales and strong operating performance—particularly in its civil engines division—driven by increased demand for spare parts and maintenance services.

“The increase in sales and operating profit was mainly due to revenue growth and robust aftermarket activity, especially in the civil engine division,” Safran stated. Revenue from civil engine spare parts grew by 21.63% year over year. Maintenance program revenues also contributed to the strong performance.

LEAP engine deliveries rose 10%, reaching 729 units in the first half of 2025, up from 664 in the same period of 2024. The LEAP engine family powers the Airbus A320neo, Boeing 737 MAX, and COMAC C919 aircraft. Military engine revenue also increased, supported by higher demand for parts, services, and a favorable customer portfolio. Helicopter engine revenue grew as well, reflecting stronger service activity. In total, the propulsion division recorded €1.758 billion in revenue—a 37% increase year-over-year.

The Equipment and Defense division posted €5.609 billion in revenue, up 8.5%. Growth was driven by landing systems and defense activities. Aftermarket services rose 11.9%, particularly in landing gear systems, nacelles, avionics, and electrical systems. Original equipment sales increased 5.5%.

Safran’s aircraft interiors business generated €1.616 billion in revenue, up 14.5%. Aftermarket revenue in this segment rose 17.3%, primarily due to spare parts sales. Original equipment revenue increased 14.4%, driven largely by business class seat deliveries, which rose to 1,238 units in 1H25, compared to 750 a year earlier. Deliveries of galleys, cabin furnishings, and related components also grew.

On July 21, Safran completed its acquisition of the flight control and actuation activities of Collins Aerospace. The company stated, “With this transaction, Safran becomes the global leader in flight control and actuation systems and is strategically positioned for next-generation platforms.” The acquired business will be integrated into Safran Electronics & Defense starting Aug. 1, 2025. 

These results reflect broader momentum across the aerospace sector. GE Aerospace reported US$11.0 billion in GAAP revenue for 2Q25, a 21% increase year-over-year. Adjusted EPS rose 38% to US$1.66, and free cash flow nearly doubled to US$2.1 billion. The company raised its full-year and 2028 financial outlooks, projecting US$11.5 billion in operating profit and US$8.5 billion in free cash flow by 2028. CEO H. Lawrence Culp Jr. noted the gains were “driven by robust commercial services and disciplined execution.”

Similarly, RTX reported US$20.3 billion in 1Q25 revenue, up 5% year-over-year and 8% organically. Adjusted EPS increased 10% to US$1.47, and free cash flow totaled U$800 million. The company maintained its 2025 guidance, projecting up to US$84 billion in adjusted sales. President and CEO Chris Calio highlighted a 21% rise in commercial aftermarket sales, citing strong global demand.