Rolls-Royce has announced a new interim share buyback programme worth up to £200 million, following the completion of its £1 billion buyback for 2025 in November.

The programme will run from 2nd January 2026 and is expected to finish no later than 24th February 2026, ahead of the company’s full-year 2025 results on 26th February 2026.

The FTSE 100 giant has entered a non-discretionary agreement with UBS, which will make trading decisions independently within agreed parameters, with any shares repurchased to be cancelled to reduce the company’s share capital.

The company said the total level of buybacks for 2026 remains subject to board review and is expected to be confirmed alongside the FY25 results.