FNM S.p.A. (BIT:FNM)

FNM S.p.A. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	631.2	884.05	729.32	653.87	564.13
Other Revenue	41.8	22.09	21.65	21.19	19.63
Revenue	673	906.14	750.97	675.06	583.77
Revenue Growth (YoY)	-25.73%	20.66%	11.24%	15.64%	99.36%
Cost of Revenue	446.5	689.99	507.69	463.31	416.64
Gross Profit	226.5	216.15	243.28	211.75	167.13
Other Operating Expenses	-	9.05	33.88	19.32	12.38
Operating Expenses	152.5	142.65	139.4	107.16	92.62
Operating Income	74	73.49	103.88	104.58	74.51
Interest Expense	-24.5	-21.84	-16.09	-11.27	-12.43
Interest & Investment Income	14.7	13.8	8.22	0.15	0.08
Earnings From Equity Investments	24.3	13.28	6.36	0.82	5.72
Other Non Operating Income (Expenses)	-	-4.18	-0.88	8.23	2.03
EBT Excluding Unusual Items	88.5	74.55	101.49	102.51	69.91
Merger & Restructuring Charges	-	-	-	-	-1.81
Impairment of Goodwill	-	-	-	-2.71	-0.91
Gain (Loss) on Sale of Investments	-	9.77	0.44	0.04	0.2
Gain (Loss) on Sale of Assets	-	0.02	-0.05	0.59	0.35
Asset Writedown	-	-4.28	-1.27	-3.24	-
Other Unusual Items	7.2	-0.48	3.82	-0.36	-7.95
Pretax Income	95.7	83	105.52	97.82	60.28
Income Tax Expense	19.3	23.4	23.52	28.27	17.14
Earnings From Continuing Operations	76.4	59.6	82	69.55	43.14
Minority Interest in Earnings	-2.8	-0.28	-1.14	-1.08	-2.26
Net Income	73.6	59.33	80.86	68.48	40.88
Net Income to Common	73.6	59.33	80.86	68.48	40.88
Net Income Growth	24.06%	-26.63%	18.08%	67.53%	69.01%
Shares Outstanding (Basic)	-	435	435	435	435
Shares Outstanding (Diluted)	-	435	435	435	435
EPS (Basic)	-	0.14	0.19	0.16	0.09
EPS (Diluted)	-	0.14	0.19	0.16	0.09
EPS Growth	-	-26.63%	18.08%	74.95%	61.84%
Free Cash Flow	110.6	109.31	139.76	60.74	104.32
Free Cash Flow Per Share	-	0.25	0.32	0.14	0.24
Dividend Per Share	0.023	0.018	0.023	0.023	0.023
Dividend Growth	25.00%	-20.00%	-	-	-
Gross Margin	33.66%	23.85%	32.40%	31.37%	28.63%
Operating Margin	11.00%	8.11%	13.83%	15.49%	12.76%
Profit Margin	10.94%	6.55%	10.77%	10.14%	7.00%
Free Cash Flow Margin	16.43%	12.06%	18.61%	9.00%	17.87%
EBITDA	226.5	197.05	201.79	183.04	144.08
EBITDA Margin	33.66%	21.75%	26.87%	27.11%	24.68%
D&A For EBITDA	152.5	123.55	97.91	78.45	69.57
EBIT	74	73.49	103.88	104.58	74.51
EBIT Margin	11.00%	8.11%	13.83%	15.49%	12.76%
Effective Tax Rate	20.17%	28.19%	22.29%	28.90%	28.44%
Revenue as Reported	673	949.87	776.01	707.95	615.38

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