FNM S.p.A. Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	904.06	884.05	729.32	653.87	564.13	281.77
Other Revenue	28.99	22.09	21.65	21.19	19.63	11.05
Revenue	933.05	906.14	750.97	675.06	583.77	292.82
Revenue Growth (YoY)	10.27%	20.66%	11.24%	15.64%	99.36%	4.36%
Cost of Revenue	710.86	689.99	507.69	463.31	416.64	194.36
Gross Profit	222.2	216.15	243.28	211.75	167.13	98.46
Other Operating Expenses	3.98	9.05	33.88	19.32	12.38	31.35
Operating Expenses	143.25	142.65	139.4	107.16	92.62	70.77
Operating Income	78.95	73.49	103.88	104.58	74.51	27.69
Interest Expense	-19.84	-21.84	-16.09	-11.27	-12.43	-2.13
Interest & Investment Income	14.4	13.8	8.22	0.15	0.08	0.92
Earnings From Equity Investments	16.34	13.28	6.36	0.82	5.72	2.04
Other Non Operating Income (Expenses)	-4.18	-4.18	-0.88	8.23	2.03	0.69
EBT Excluding Unusual Items	85.67	74.55	101.49	102.51	69.91	29.21
Merger & Restructuring Charges	-	-	-	-	-1.81	-
Impairment of Goodwill	-	-	-	-2.71	-0.91	-2
Gain (Loss) on Sale of Investments	9.77	9.77	0.44	0.04	0.2	1.01
Gain (Loss) on Sale of Assets	0.02	0.02	-0.05	0.59	0.35	0.2
Asset Writedown	-4.28	-4.28	-1.27	-3.24	-	-0.45
Other Unusual Items	0.41	-0.48	3.82	-0.36	-7.95	-1.15
Pretax Income	95.01	83	105.52	97.82	60.28	28.36
Income Tax Expense	24.42	23.4	23.52	28.27	17.14	3.67
Earnings From Continuing Operations	70.6	59.6	82	69.55	43.14	24.69
Minority Interest in Earnings	-3.22	-0.28	-1.14	-1.08	-2.26	-0.5
Net Income	67.37	59.33	80.86	68.48	40.88	24.19
Net Income to Common	67.37	59.33	80.86	68.48	40.88	24.19
Net Income Growth	-15.86%	-26.63%	18.08%	67.53%	69.01%	-20.13%
Shares Outstanding (Basic)	430	435	435	435	435	435
Shares Outstanding (Diluted)	430	435	435	435	435	435
EPS (Basic)	0.16	0.14	0.19	0.16	0.09	0.06
EPS (Diluted)	0.16	0.14	0.19	0.16	0.09	0.06
EPS Growth	-15.90%	-26.63%	18.08%	74.95%	61.84%	-20.13%
Free Cash Flow	35.3	109.31	139.76	60.74	104.32	-58.82
Free Cash Flow Per Share	0.08	0.25	0.32	0.14	0.24	-0.14
Dividend Per Share	0.018	0.018	0.023	0.023	0.023	-
Dividend Growth	-20.00%	-20.00%	-	-	-	-
Gross Margin	23.81%	23.85%	32.40%	31.37%	28.63%	33.63%
Operating Margin	8.46%	8.11%	13.83%	15.49%	12.76%	9.46%
Profit Margin	7.22%	6.55%	10.77%	10.14%	7.00%	8.26%
Free Cash Flow Margin	3.78%	12.06%	18.61%	9.00%	17.87%	-20.09%
EBITDA	207.51	197.05	201.79	183.04	144.08	63.18
EBITDA Margin	22.24%	21.75%	26.87%	27.11%	24.68%	21.58%
D&A For EBITDA	128.56	123.55	97.91	78.45	69.57	35.49
EBIT	78.95	73.49	103.88	104.58	74.51	27.69
EBIT Margin	8.46%	8.11%	13.83%	15.49%	12.76%	9.46%
Effective Tax Rate	25.70%	28.19%	22.29%	28.90%	28.44%	12.95%
Revenue as Reported	982.5	949.87	776.01	707.95	615.38	314.87

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.