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Devonport Royal Dockyard Ltd (DRDL) reported profits of £73.224m for 2024/25, up from £49.57m the previous year. Revenue increased to £1.749bn, driven by submarine maintenance and infrastructure contracts.

The company is engaged in discussions for a long-term agreement with the MoD to replace expiring contracts. DRDL maintains Royal Navy warships and submarines, including the Astute and Vanguard classes, and is involved in future submarine programs.