R-R chief praised for defying the odds to lead revival at 'previously unloved company'

COMPANY TO GIVE TRADING SNAPSHOT AMID YEAR OF DRAMATIC SHARE GAINS

- By HOLLY WILLIAMS

ROLLS-ROYCE will report back on the latest steps in its impressive turnaround on Thursday as a boom in defence spending has helped propel the stock to record highs in 2025.

The group hiked its earnings outlook in July after seeing strong demand for engines offset supply chain challenges and tariff woes.

Half-year underlying operating profits jumped by 50% to £1.7 billion for the first half of 2025, helping it raise its full-year forecast to between £3.1 billion and £3.2 billion.

It marked a significant upgrade after previously pointing towards profits between £2.7 billion and £2.9 billion.

Rolls-Royce, which makes engines used in large Boeing and Airbus planes, said it was supported by a strong performance in its large engines business, as well as margin improvements on contracts.