Qinetiq Group PLC

Activities of head offices · Farnborough

ActiveUnited KingdomIncorporated 2002Public Limited Company

Financial position

Accounts to 2026-03-31 · GBP · Group accounts

Net assets

£553,000,000

Cash

£259,200,000

Turnover

£1,922,600,000

Profit / loss

£107,500,000

Current assets

£731,500,000

Creditors < 1 year

£646,600,000

Equity

£553,000,000

Average employees

7,722

GBP · consolidated

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2026-03-31Group · AI-read	2025-03-31Group · AI-read
Balance sheet
Net assets	£553,000,000	£626,500,000
Equity	£553,000,000	£626,500,000
Share capital	£5,200,000	£5,500,000
Retained earnings	£388,000,000	£456,800,000
Assets
Fixed assets	£1,006,900,000	£1,072,200,000
Property, plant & equipment	£444,600,000	£473,300,000
Current assets	£731,500,000	£756,200,000
Cash at bank	£259,200,000	£290,600,000
Debtors	£394,900,000	£388,400,000
Stock	£73,700,000	£70,700,000
Liabilities
Creditors	£1,185,400,000	£1,201,900,000
Creditors within one year	£646,600,000	£672,400,000
Creditors after one year	£538,800,000	£529,500,000
Pension scheme surplus / deficit	−£17,900,000	—
Profit & loss
Turnover	£1,922,600,000	£1,931,600,000
Other operating income	£30,100,000	£39,200,000
Operating profit	£169,800,000	−£90,500,000
Interest receivable	£7,600,000	£7,600,000
Interest payable	£22,800,000	£23,400,000
Profit before tax	£155,100,000	−£106,300,000
Tax	£47,600,000	£79,400,000
Profit / loss	£107,500,000	−£185,700,000
People & pay
Average employees	7,722	8,530
Staff costs	£676,200,000	£707,100,000
Wages & salaries	£533,900,000	£569,400,000
Social security costs	£60,100,000	£54,500,000
Pension costs	£70,700,000	£73,400,000
Source evidence	View filing	View filing

What the accounts for 2026-03-31 say about themselves, read by AI from the scanned filing.

What it does: defence · security · engineering · test and evaluation · mission support (AI keywords)
The year: QinetiQ is well positioned to deliver sustainable growth and attractive shareholder returns, supported by exposure to structural defence investment growth and increasing readiness requirements.
Outlook: Revenue growth 3–5% and operating margin 11.0–11.5%; EPS growth 8–10% with cash conversion >90%; >£550m of free cash flow targeted over FY27-29.
Auditor: PricewaterhouseCoopers LLP · senior statutory auditor John Ellis
Accounts: IFRS
Approved: 2026-05-21, signed by Steve Wadey, Martin Cooper

Turnover by segment (16)