Rosetti Marino (YRM) H1 2025 earnings summary

Executive summary

• Net profit reached €11.67 million, up 48% year-over-year, despite losses in some subsidiaries.

• EBITDA rose 17% to €18.76 million, with a 6.68% margin on value of production.

• Value of production increased 43% to €281.1 million, driven by Renewables & Carbon Neutrality, which tripled output to €149 million, while Oil & Gas declined 10% to €131 million.

• Order backlog strengthened to €1.261 billion, up from €1.116 billion a year earlier.

• Positive cash management resulted in a short-term net financial position of €142 million.

Financial highlights

• Net profit: €11.67 million (vs. €7.87 million in H1 2024).

• EBITDA: €18.76 million (vs. €16.09 million in H1 2024).

• EBIT: €15.16 million (vs. €13.43 million in H1 2024).

• Value of production: €281.1 million (vs. €196.6 million in H1 2024).

• ROE: 7.97% (vs. 6.34% in H1 2024).

Outlook and guidance

• Order backlog at €1.261 billion covers 2025 budget and strategic plan targets.

• Strategic Business Plan 2026–2029 approved, indicating continued focus on growth and operational strengthening.

• Renewables & Carbon Neutrality sector surpasses Oil & Gas in expected production value.

• Recent contract wins support expectations of maintaining current production and margin levels in coming years.

• No recovery expected in Shipbuilding until market conditions improve.