The board of directors approved the interim financial information as of September 30
Recording a 20% increase in revenues compared to the first nine months of 2024, to 6,725 million euros, the board of directors of Fincantieri S.p.A., meeting under the chairmanship of Biagio Mazzotta, approved the interim financial information as of September 30, 2025. EBITDA is strongly growing (+40%) to 461 million euros (328 million euros in 9M 2024), with a significant increase in profitability across all business segments. The EBITDA margin at 6.9%, constantly increasing compared to 6.3% in FY 2024 and 5.9% in 9M 2024. The net financial position is in debt for 1,648 million euros, slightly improved compared to the end of 2024 figure of 1,668 million euros, with a leverage ratio (/LTM EBITDA) of 2.6x, further reduced from the 3.3x ratio recorded at December 31, 2024.
Regarding commercial performance, new orders acquired amounted to 16 billion euros, an 88% increase compared to 9M 2024 (8.5 billion euros), exceeding the record value recorded in the whole of 2024, with a book-to-bill of 2.4x. Backlog at 41 billion euros, up 32% compared to the end of 2024 figure, with an overall workload of 61.1 billion euros, approximately 7.5 times the 2024 revenues. And also 19 ships delivered from 9 shipyards and 100 ships in the portfolio with deliveries scheduled until 2036
Pierroberto Folgiero, chief executive officer and general manager of Fincantieri, underlines that “we can only be very satisfied and grateful to the people of Fincantieri for the great work done. We continue to pursue robust growth in revenues, margins, and order portfolio with three concurrent positive effects: the consolidation of the economic and financial performance of the last three years; the virtuous positioning of the company in the positive industrial cycle that characterizes the future of the sector; the creation of shared and sustainable value for all social and financial stakeholders. With over 60 billion in workload for the next ten years – which constitutes the new all-time record – Fincantieri’s contribution to the national and local economy increases, generating, thanks to purchases of goods and services in Italy for approximately 80%, economic visibility in the supply chain and stabilization of work. The Group’s contribution to the country’s strategic innovation path also continues to grow with the launch of the first autonomous underwater drones for the protection of critical underwater infrastructure and ports, the entry into military unmanned surface drones for coastal patrol, the start of production in Italy of fuel cell propulsion systems and the production of battery packs for military and civil naval use, in addition to the launch of Fincantieri Ingenium – concludes Folgiero – dedicated to the creation of a data and applications platform for the introduction of artificial intelligence in ship operations and in the world of ports”.
