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	854.82	889.49	729.32	653.87	564.13
Other Revenue	18.96	19.18	21.65	21.19	19.63
Revenue	873.78	908.67	750.97	675.06	583.77
Revenue Growth (YoY)	-3.84%	21.00%	11.24%	15.64%	99.36%
Cost of Revenue	647.16	689.99	507.69	463.31	416.64
Gross Profit	226.62	218.68	243.28	211.75	167.13
Other Operating Expenses	7.03	3.11	33.88	19.32	12.38
Operating Expenses	146.64	136.71	139.4	107.16	92.62
Operating Income	79.98	81.96	103.88	104.58	74.51
Interest Expense	-16.7	-21.84	-16.09	-11.27	-12.43
Interest & Investment Income	12.63	13.8	8.22	0.15	0.08
Earnings From Equity Investments	16.67	13.28	6.36	0.82	5.72
Other Non Operating Income (Expenses)	6.2	-4.18	-0.88	8.23	2.03
EBT Excluding Unusual Items	98.78	83.02	101.49	102.51	69.91
Merger & Restructuring Charges	-	-	-	-	-1.81
Impairment of Goodwill	-10.21	-	-	-2.71	-0.91
Gain (Loss) on Sale of Investments	7.6	9.77	0.44	0.04	0.2
Gain (Loss) on Sale of Assets	0.32	0.02	-0.05	0.59	0.35
Asset Writedown	-5.27	-4.28	-1.27	-3.24	-
Other Unusual Items	-0.74	-8.95	3.82	-0.36	-7.95
Pretax Income	95.72	83	105.52	97.82	60.28
Income Tax Expense	19.31	23.4	23.52	28.27	17.14
Earnings From Continuing Operations	76.41	59.6	82	69.55	43.14
Minority Interest in Earnings	-2.8	-0.28	-1.14	-1.08	-2.26
Net Income	73.61	59.33	80.86	68.48	40.88
Net Income to Common	73.61	59.33	80.86	68.48	40.88
Net Income Growth	24.07%	-26.63%	18.08%	67.53%	69.01%
Shares Outstanding (Basic)	435	435	435	435	435
Shares Outstanding (Diluted)	435	435	435	435	435
EPS (Basic)	0.17	0.14	0.19	0.16	0.09
EPS (Diluted)	0.17	0.14	0.19	0.16	0.09
EPS Growth	24.08%	-26.63%	18.08%	74.95%	61.84%
Free Cash Flow	44.35	109.31	139.76	60.74	104.32
Free Cash Flow Per Share	0.10	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	25.94%	24.07%	32.40%	31.37%	28.63%
Operating Margin	9.15%	9.02%	13.83%	15.49%	12.76%
Profit Margin	8.42%	6.53%	10.77%	10.14%	7.00%
Free Cash Flow Margin	5.08%	12.03%	18.61%	9.00%	17.87%
EBITDA	210.53	205.52	201.79	183.04	144.08
EBITDA Margin	24.09%	22.62%	26.87%	27.11%	24.68%
D&A For EBITDA	130.56	123.55	97.91	78.45	69.57
EBIT	79.98	81.96	103.88	104.58	74.51
EBIT Margin	9.15%	9.02%	13.83%	15.49%	12.76%
Effective Tax Rate	20.17%	28.19%	22.29%	28.90%	28.44%
Revenue as Reported	922.26	949.87	776.01	707.95	615.38

Source: S&P Global Market Intelligence. Standard template. Financial Sources.