ENAV S.p.A. Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,173	1,055	990.92	921.03	504.31
Other Revenue	-190.4	-43.93	-17.73	-13.67	295.92
Revenue	982.71	1,011	973.18	907.36	800.22
Revenue Growth (YoY)	-2.84%	3.94%	7.25%	13.39%	8.62%
Cost of Revenue	-34.72	11.33	5.92	3.3	4.79
Gross Profit	1,017	1,000	967.26	904.06	795.43
Selling, General & Admin	632.58	709.71	688.4	666.57	606.03
Other Operating Expenses	132.18	-18.38	-12.58	-30.42	-27.93
Operating Expenses	764.76	825.63	806.59	768.24	711.28
Operating Income	252.67	174.52	160.67	135.82	84.16
Interest Expense	-8.08	-24.28	-21.59	-9.35	-6.55
Interest & Investment Income	-	8.77	6.37	1.63	5.86
Currency Exchange Gain (Loss)	-	0.37	-0.74	0.07	0.42
Other Non Operating Income (Expenses)	-109.27	19.53	16.73	19.61	18.9
EBT Excluding Unusual Items	135.32	178.92	161.43	147.78	102.79
Asset Writedown	-2.75	-	-	-	-
Pretax Income	132.58	178.92	161.43	147.78	102.79
Income Tax Expense	39.45	53.2	48.72	43.29	24.76
Earnings From Continuing Operations	93.13	125.71	112.71	104.5	78.03
Minority Interest in Earnings	-0.07	0.11	0.21	0.51	0.34
Net Income	93.06	125.83	112.92	105	78.37
Net Income to Common	93.06	125.83	112.92	105	78.37
Net Income Growth	-26.05%	11.43%	7.54%	33.98%	44.38%
Shares Outstanding (Basic)	-	542	542	541	541
Shares Outstanding (Diluted)	-	542	542	541	541
Shares Change (YoY)	-	0.04%	0.07%	0.01%	0.07%
EPS (Basic)	-	0.23	0.21	0.19	0.14
EPS (Diluted)	-	0.23	0.21	0.19	0.14
EPS Growth	-	10.30%	9.75%	35.72%	40.00%
Free Cash Flow	-	173.92	126.79	157.14	-228.65
Free Cash Flow Per Share	-	0.32	0.23	0.29	-0.42
Dividend Per Share	0.290	0.270	0.230	0.197	0.108
Dividend Growth	7.41%	17.39%	16.93%	81.96%	-
Gross Margin	103.53%	98.88%	99.39%	99.64%	99.40%
Operating Margin	25.71%	17.25%	16.51%	14.97%	10.52%
Profit Margin	9.47%	12.44%	11.60%	11.57%	9.79%
Free Cash Flow Margin	-	17.19%	13.03%	17.32%	-28.57%
EBITDA	384.52	306.37	289.14	262.18	213.41
EBITDA Margin	39.13%	30.29%	29.71%	28.89%	26.67%
D&A For EBITDA	131.85	131.85	128.47	126.36	129.26
EBIT	252.67	174.52	160.67	135.82	84.16
EBIT Margin	25.71%	17.25%	16.51%	14.97%	10.52%
Effective Tax Rate	29.76%	29.74%	30.18%	29.29%	24.08%
Revenue as Reported	1,025	1,049	1,011	952.78	845.11

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.