Caltagirone (CALT) H1 2026 earnings summary

Executive summary

• Operating revenues rose 8.3% year-over-year to €1.186 billion, driven mainly by large-scale construction.

• EBITDA increased 8.4% to €201 million, reflecting strong construction sector performance.

• Net profit attributable to the Group grew 24.9% to €98 million, with total comprehensive income for the period at €395.3 million.

• Total equity reached €4.184 billion, up from €3.783 billion at year-end 2025.

• Positive net financial position improved to €426.8 million, mainly due to strong operating cash flow.

Financial highlights

• Revenues: €1.186 billion, up 8.3% from €1.095 billion in 1H 2025.

• EBITDA: €201 million, up 8.4% from €185.4 million.

• EBIT: €115.3 million, up 6.4% from €108.4 million.

• Net profit: €155.7 million, up 19% year-over-year; €98 million attributable to the Group.

• Net financial income: €75.8 million, up from €51.6 million, driven by higher dividends from listed equity investments.

Outlook and guidance

• Full-year 2026 economic and financial targets are expected to be confirmed in the cement sector, excluding non-recurring items.

• Vianini Lavori aims to consolidate revenue growth through public tenders and maintain a diversified order backlog.

• Publishing sector to focus on digital product enhancement and cost containment.

• Real estate segment to continue rationalizing its portfolio by disposing of non-strategic assets.