Fincantieri SpA (MIL:FCT)

Q4 2025 Fincantieri SpA Earnings Call Transcript

Mar 25, 2026 / 03:00 PM GMT

Release Date Price: €13.11 (+5.98%)

Transcript

Key Points

Positve

Fincantieri SpA (FNCNF) achieved a record net profit of €117 million in 2025, more than four times higher than in 2024.
The company recorded a new all-time high in both order intake and total backlog, with an order intake of €20.3 billion and a backlog of €63.2 billion.
Revenues increased by 13% year-on-year, reaching approximately €9.2 billion, supported by strong market tailwinds in the shipbuilding segment.
The EBITDA margin grew significantly to 7.4% from 6.3% in 2024, driven by efficiency initiatives and a profitable business mix.
Fincantieri SpA (FNCNF) successfully completed a €500 million capital increase, enhancing financial flexibility and supporting its selective inorganic growth strategy.

Negative

The geopolitical environment poses potential risks, although the company has managed to mitigate some impacts through fixed energy and steel procurement costs.
There is a concern about the potential impact of rising geopolitical conflicts on tourism volumes, which could affect the cruise business.
The company's reliance on a high backlog for future revenue visibility may limit flexibility in responding to sudden market changes.
Despite strong financial performance, the company faces challenges in maintaining growth momentum in a competitive shipbuilding industry.
The infrastructure business, while showing improvement, is not considered a core component of Fincantieri SpA (FNCNF)'s business model, raising questions about its long-term strategic fit.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FCT.MI - Fincantieri SpA
Q4 2025 Fincantieri SpA Earnings Call
Mar 25, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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And Good afternoon. This is the Cosco conference operator. Welcome and thank you for joining the Fincan Terri full year 2025 results conference call.

As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions.

Should anyone need assistance during the conference call, they may signal an operator by pressing and 0 on their telephone.

At this time, I would like to turn the conference over to Mr. Fero, Chief Executive Officer and Managing Director.

Please go ahead, sir.

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Unidentified_2 [2]
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