Seco 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	197.58	183.51	209.82	200.91	112.29
Other Revenue	1.22	0.89	0.22	1.55	1.37
Revenue	198.8	184.4	210.04	202.46	113.66
Revenue Growth (YoY)	7.81%	-12.21%	3.75%	78.13%	48.33%
Cost of Revenue	154.81	156.27	154.67	156.43	93.41
Gross Profit	44	28.13	55.38	46.03	20.25
Selling, General & Admin	4.81	5.28	4.37	3.18	1.84
Other Operating Expenses	4.99	8.81	6.42	3.96	-0.32
Operating Expenses	34.15	44.11	31.23	25.85	10.73
Operating Income	9.85	-15.98	24.15	20.18	9.53
Interest Expense	-5.07	-7.27	-8.58	-1.47	-0.81
Interest & Investment Income	3.38	6.31	4.43	0.32	0.05
Currency Exchange Gain (Loss)	-1.53	1.19	0.01	0.4	-0.61
Other Non Operating Income (Expenses)	-0.69	-0.82	-0.78	-2.36	-0.59
EBT Excluding Unusual Items	5.93	-16.56	19.23	17.06	7.57
Gain (Loss) on Sale of Investments	-4	-	-	-	-
Pretax Income	1.92	-16.56	19.23	17.06	7.57
Income Tax Expense	1.43	1.1	4.6	2.49	1.07
Earnings From Continuing Operations	0.5	-17.66	14.63	14.57	6.5
Net Income to Company	0.5	-17.66	14.63	14.57	6.5
Minority Interest in Earnings	-3.19	-3.37	-2.77	-3.53	-2.35
Net Income	-2.69	-21.03	11.86	11.04	4.15
Net Income to Common	-2.69	-21.03	11.86	11.04	4.15
Net Income Growth	-	-	7.47%	166.06%	2.75%
Shares Outstanding (Basic)	133	133	128	113	73
Shares Outstanding (Diluted)	149	146	133	119	75
Shares Change (YoY)	1.89%	9.42%	12.32%	57.36%	9742.30%
EPS (Basic)	-0.02	-0.16	0.09	0.10	0.06
EPS (Diluted)	-0.02	-0.16	0.09	0.09	0.06
EPS Growth	-	-	-	58.54%	-98.92%
Free Cash Flow	25.73	29.78	22.73	2.79	11.57
Free Cash Flow Per Share	0.17	0.20	0.17	0.02	0.15
Gross Margin	22.13%	15.26%	26.36%	22.74%	17.82%
Operating Margin	4.95%	-8.66%	11.50%	9.97%	8.38%
Profit Margin	-1.35%	-11.41%	5.65%	5.45%	3.65%
Free Cash Flow Margin	12.94%	16.15%	10.82%	1.38%	10.18%
EBITDA	15.69	14.04	44.59	38.84	18.68
EBITDA Margin	7.89%	7.61%	21.23%	19.18%	16.43%
D&A For EBITDA	5.85	30.02	20.44	18.65	9.15
EBIT	9.85	-15.98	24.15	20.18	9.53
EBIT Margin	4.95%	-8.66%	11.50%	9.97%	8.38%
Effective Tax Rate	74.19%	-	23.93%	14.62%	14.11%

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