Edil San Felice (ESF) H1 2026 earnings summary

Executive summary

• Value of Production rose 12.6% year-over-year to €29.3 million, reflecting strong execution and backlog conversion.

• Net profit reached €3.45 million, down 16.3% from the prior year due to margin pressure from higher input costs.

• EBITDA margin declined to 17.1% from 23.2% year-over-year, mainly due to increased raw material and personnel costs.

• Order backlog stood at €232.9 million as of June 30, 2026, providing strong visibility for future activity.

• Workforce expanded to 391 employees, up from 325 a year earlier, supporting operational growth.

Financial highlights

• Revenue from sales increased 39.5% year-over-year to €31.5 million.

• EBITDA was €5.0 million, down 16.8% year-over-year.

• EBIT fell 17.8% year-over-year to €4.36 million.

• Net cash position was €6.2 million at June 30, 2026, compared to €6.7 million at year-end 2025.

• Gross financial debt decreased from €7.4 million to €6.3 million since December 2025.

Outlook and guidance

• Management expects continued growth in the second half of 2026, supported by a substantial backlog and contract ramp-up.

• Focus remains on managing input costs and working capital, with expectations for gradual margin recovery.

• Investments will continue in digitalisation, predictive maintenance, and safety, with a new production facility expected in early 2027.