Caltagirone (CALT) H1 2025 earnings summary

Executive summary

• Net profit attributable to the Group reached €78.5 million, up 3% year-over-year, despite a decrease in operating profitability mainly due to the cement sector and hyperinflation impacts in Turkey.

• Consolidated operating revenues rose 8.8% to €1.095 billion, driven by growth in large works.

• Net financial position improved to €245.4 million, mainly due to strong cash flow from Cementir and Vianini Lavori.

Financial highlights

• Operating revenues: €1,094.9 million (+8.8% YoY).

• EBITDA: €185.4 million (-8.0% YoY).

• Operating income: €108.4 million (-16.1% YoY).

• Net profit: €130.8 million (-8.6% YoY); Group net profit: €78.5 million (+3.0% YoY).

• Net financial position: €245.4 million, up €150.4 million YoY.

• Equity: €3.40 billion, of which €1.99 billion attributable to the Group.

Outlook and guidance

• Cementir Holding expects to confirm 2025 economic and financial targets, excluding non-recurring items.

• Vianini Lavori anticipates further significant revenue growth over the next three years, focusing on portfolio expansion and margin preservation.

• Caltagirone Editore continues digital and cost containment initiatives.

• Domus Italia pursues real estate portfolio rationalization and client base consolidation.