TRIESTE – Fincantieri closed the first nine months of 2025 with revenues up 20% to 6.7 billion euros and EBITDA up 40% to 461 million. The EBITDA margin rose to 6.9%, compared to 5.9% in the same period of 2024. The net financial position also improved, with debt at 1.65 billion.
The Board of Directors, meeting under the chairmanship of Biagio Mazzotta, approved the interim financial information as of 30 September 2025. On the commercial front, the group recorded new orders worth 16 billion euros, almost double compared to the same period of the previous year, and a backlog up 32%, to 41 billion. The total workload reached 61.1 billion euros, equal to about 7.5 times 2024 revenues, with 100 ships in the orderbook and deliveries scheduled through 2036.
During the period, 19 ships were delivered from nine shipyards. Fincantieri confirmed its full-year 2025 guidance, with expected revenues around 9 billion, an EBITDA margin above 7% and a leverage ratio between 2.7x and 3.0x. The new 2026–2030 industrial plan will be approved by year-end, while a Capital Markets Day is scheduled for the first quarter of 2026.
«We can only be very satisfied and grateful to the people of Fincantieri for the great work carried out. We continue to pursue robust growth in revenues, margins and order backlog with three concurrent positive effects: the consolidation of the economic and financial performance of the last three years; the company’s virtuous positioning within the positive industrial cycle characterising the sector’s future; 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 represents an all-time record, Fincantieri’s contribution to the national and local economy is increasing, generating—thanks to purchases of goods and services in Italy for about 80%—economic visibility throughout the supply chain and job stability. Also continuing to grow» – commented Pierroberto Folgiero, Chief Executive Officer and General Manager of Fincantieri – «is the Group’s contribution to the country’s strategic innovation path with the launch of the first autonomous underwater drones for the protection of critical subsea and port infrastructure, entry into unmanned military surface drones for coastal patrol, the start of production in Italy of fuel-cell propulsion systems and battery packs for military and civilian naval use, as well as the launch of Fincantieri Ingenium, dedicated to creating a data and application platform for the introduction of artificial intelligence in ship operations and in port environments».
