Edil San Felice (ESF) H1 2025 earnings summary

Executive summary

• Production value for 1H25 reached €26.0mn, up 5.7% year-over-year, driven by portfolio expansion and operational efficiency.

• EBITDA rose 6% YoY to €6.0mn, maintaining a 23% margin; EBIT increased 3.4% YoY to €5.3mn.

• Net profit was €4.1mn, slightly down 3.7% YoY due to higher taxes and absence of prior year extraordinary items.

• Net cash position improved to €7.3mn from €2.8mn at end-2024, reflecting strong cash generation and working capital management.

• Backlog reached a record €214.7mn, up 67% YoY, ensuring high revenue visibility.

Financial highlights

• Revenue from sales grew 6.5% YoY to €22.6mn; total production value up 5.7% YoY.

• Personnel costs increased 25.2% YoY, reflecting workforce expansion.

• Operating cash flow strengthened by €6mn VAT credit sale.

• Net financial debt at -€7.3mn, a 158.8% improvement from December 2024.

Outlook and guidance

• Management expects continued balanced and sustainable growth in 2H25, supported by a strong order book and organizational reinforcement.

• Strategic priorities include digitalization, predictive maintenance, safety, and environmental impact reduction.

• Completion of a new industrial plant in Nola by year-end will enhance vertical integration and competitiveness.