MTU Aero Engines closed the first half of the year with substantial increases in both revenue and profits. Adjusted revenue climbed to €4.1 billion, a 21% rise compared to €3.4 billion in the first half of 2024. Adjusted EBIT grew by 40% to €657 million, up from €470 million, and the adjusted EBIT margin improved from 13.7% to 15.9%. Adjusted net income also increased by 40%, reaching €479 million, up from €342 million.
Revenue growth in the commercial engine business and commercial maintenance
In the first half of the year, the commercial engine segment generated the highest revenue, growing by 27% from €903 million to €1.15 billion. A major contributor to this growth was the PW1100G-JM engine. Katja Garcia Vila, chief financial officer at MTU Aero Engines, noted that key contributors to revenue included the PW1100-JM engines for the A320neo, the V2500 for the classic A320 family, and wide-body engines such as the CF6-80, GEnx, and GE90 — along with the leasing business. In the commercial MRO segment, the main revenue drivers were the PW1100G-JM and the V2500. Geared Turbofan MRO made up 35% of the commercial maintenance revenue, which rose by 22% to €2.8 billion. The company anticipates this share will grow to 40% by year-end.
In the military segment, revenue totaled €260 million during the first half of the year, primarily driven by the EJ200 engine used in the Eurofighter. Garcia Vila noted that a strong earnings performance was supported by a favorable revenue mix in series production, featuring a high share of spare and lease engines, along with strong spare parts sales. As a result, the adjusted EBIT margin in the OEM business increased from 24.5% to 29.4%.
Research and development expenses
The company invested €190 million in research and development during the first half of 2025, up from €179 million a year earlier. The majority of these R&D efforts were directed toward improving the performance of the Geared Turbofan programs and exploring technologies for both next-generation and breakthrough engine designs. Lars Wagner, CEO of MTU Aero Engines, said the company is advancing research and development in hydrogen fuel cell propulsion and is actively involved in developing next-generation propulsion systems for European military rotorcraft. This is in collaboration with Safran Helicopter Engines and Avio Aero.
In mid-June, MTU Aero revised its forecast for fiscal year 2025 upward. The company now aims to achieve revenue between €8.6 billion and €8.8 billion, expecting growth across all business segments. They anticipate the most significant increase will come from the commercial maintenance sector.
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