Caltagirone (CALT) H2 2025 earnings summary

Executive summary

• Consolidated revenue reached €2,438.2 million in 2025, up 13.9% year-over-year, driven by construction and cement sectors.

• Net profit was €272.4 million, a 5.8% increase from 2024; group net profit rose 13.6% to €147.8 million.

• EBITDA grew 11% to €487.9 million, with operating income up 16.3% to €305.1 million.

• Net financial position improved to €527.7 million, mainly due to strong cash flow from Cementir.

• Equity attributable to the group increased to €2,226 million, reflecting fair value gains and positive results.

Financial highlights

• Operating revenues: €2,438.2 million (+13.9% YoY).

• EBITDA: €487.9 million (+11% YoY).

• Operating income: €305.1 million (+16.3% YoY).

• Net profit: €272.4 million (+5.8% YoY).

• Group net profit: €147.8 million (+13.6% YoY).

• Net financial position: €527.7 million (vs. €370.4 million in 2024).

• Equity: €3,783 million (of which €2,226 million attributable to the group).

Outlook and guidance

• Cementir expects higher revenues and financial availability in 2026.

• Caltagirone Editore will focus on digital growth and cost containment.

• Vianini Lavori aims to stabilize revenues through portfolio diversification and active tender participation.

• Domus Italia continues rationalization and client base consolidation.