Edil San Felice (ESF) investor relations material

Executive summary

• Achieved record production value of €54.1M, up 4.8% year-over-year, with net income rising 13% to €7.4M, driven by execution of backlog and new contracts in both ordinary and extraordinary maintenance across Italy.

• Backlog reached an all-time high of €251M (+84% vs FY24), ensuring strong revenue visibility and providing 4.6x annual revenue coverage.

• Workforce expanded by 38 to 353 employees, supporting national project growth and operational expansion.

• Strategic focus on sector diversification, technological innovation, and national expansion, including entry into rail and aerospace.

Financial highlights

• EBITDA increased 17.5% to €11.1M (20.5% margin), with EBIT up 17.6% to €9.5M and net income up 13% to €7.4M.

• Shareholder equity grew 16.4% to €42.9M; net financial position cash positive at €6.7M, up from €2.8M.

• Trade receivables surged 92% to €27.4M, reflecting increased business volume and heightened working capital requirements.

• Dividend of €0.07 per share confirmed, with €1.5M allocated for dividends and €5.9M to reserves.

Outlook and guidance

• Backlog ensures strong revenue visibility for 2026+, with a target EBITDA margin above 20% and backlog over €300M.

• Expansion into rail, aerospace, and hydrogen segments, and new metal carpentry plant in Nola to open in 2026, supporting vertical integration.

• Growth to be supported by increased production/logistics capacity, workforce expansion, and integration of innovative solutions like the HERO humanoid.