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	-55.66	-17.73	-13.67	295.92
Revenue	982.71	999.75	973.18	907.36	800.22
Revenue Growth (YoY)	-1.70%	2.73%	7.25%	13.39%	8.62%
Cost of Revenue	6.82	11.33	5.92	3.3	4.79
Gross Profit	975.89	988.42	967.26	904.06	795.43
Selling, General & Admin	762.04	712.14	691.87	666.57	606.03
Other Operating Expenses	-36.33	-31.91	-12.58	-30.42	-27.93
Operating Expenses	853.92	814.53	810.06	768.24	711.28
Operating Income	121.97	173.89	157.2	135.82	84.16
Interest Expense	-21.1	-24.28	-21.59	-9.35	-6.55
Interest & Investment Income	9.32	8.77	6.37	1.63	5.86
Currency Exchange Gain (Loss)	-1.23	0.37	-0.74	0.07	0.42
Other Non Operating Income (Expenses)	23.61	20.16	20.2	19.61	18.9
EBT Excluding Unusual Items	132.58	178.92	161.43	147.78	102.79
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)	541	542	542	541	541
Shares Outstanding (Diluted)	541	542	542	541	541
Shares Change (YoY)	-0.06%	0.04%	0.07%	0.01%	0.07%
EPS (Basic)	0.17	0.23	0.21	0.19	0.14
EPS (Diluted)	0.17	0.23	0.21	0.19	0.14
EPS Growth	-26.09%	10.30%	9.75%	35.72%	40.00%
Free Cash Flow	255.64	173.92	126.79	157.14	-228.65
Free Cash Flow Per Share	0.47	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	99.31%	98.87%	99.39%	99.64%	99.40%
Operating Margin	12.41%	17.39%	16.15%	14.97%	10.52%
Profit Margin	9.47%	12.59%	11.60%	11.57%	9.79%
Free Cash Flow Margin	26.01%	17.40%	13.03%	17.32%	-28.57%
EBITDA	247.63	305.74	285.67	262.18	213.41
EBITDA Margin	25.20%	30.58%	29.35%	28.89%	26.67%
D&A For EBITDA	125.66	131.85	128.47	126.36	129.26
EBIT	121.97	173.89	157.2	135.82	84.16
EBIT Margin	12.41%	17.39%	16.15%	14.97%	10.52%
Effective Tax Rate	29.76%	29.74%	30.18%	29.29%	24.08%
Revenue as Reported	1,041	1,049	1,011	952.78	845.11

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