Fincantieri: half-yearly profit triples to 102 million. 2026 guidance confirmed

Thanks above all to the momentum provided by the shipbuilding segment and the organic growth of the underwater business, Fincantieri closed the first half of the year with a net profit of 102 million, triple the figure for the same period in 2025. EBITDA rose by 12.5 per cent to 350 million, whilst the EBITDA margin climbed to 7.6 per cent, a significant improvement on the 6.8 per cent recorded in the first six months of the previous year. The group’s revenue remained broadly stable (€4.6 billion), with a significant acceleration in the second quarter; it should be noted that the first half of last year benefited from the contract with the Indonesian Navy.

In light of these results, which also show an increase in the total order book (+17 per cent, to 73.9 billion, approximately 8.0 times the revenue for 2025) and new orders worth 6.1 billion (14.7 billion in the first half of 2025), which do not yet include contracts signed in the first six months that have not yet come into effect, the group led by Pierroberto Folgiero has confirmed the 2026 guidance presented at the quarterly results briefing. Those forecasts indicated revenue of around 9.3–9.4 billion, EBITDA of between 700 and 710 million, an EBITDA margin of 7.5 per cent, net profit of between 140 and 180 million, and an adjusted NFP/EBITDA ratio of 2.0x (1.3x including the capital increase completed last February).

“The results for the first half of 2026 confirm that Fincantieri’s growth is increasingly accompanied by a strong increase in profitability and the ability to generate value,” commented CEO Folgiero. ‘Net profit, which has almost tripled compared with the same period last year, demonstrates the effectiveness of the strategy we have adopted and our ability to translate the strong visibility of our order book into concrete results.’ Fincantieri’s CEO then emphasised the increasingly significant contribution of the Underwater business, “which, together with the ongoing strengthening of the activities that form the core of the group, is making our industrial profile even more solid, balanced and distinctive. With a backlog of 74 billion and delivery visibility extending to 2039, we can look ahead to the coming years by building on an industrial and commercial platform of absolute strength. In this context, the recently announced acquisitions in the underwater sector represent a fundamental strategic step and give rise to the sector’s first vertically integrated operator, with complementary expertise across the entire value chain’, the top executive explains further.

According to the CEO of the shipbuilding group, “We are building a Fincantieri that is increasingly capable of combining industrial scale, innovation and the ability to deliver. This is the direction that will enable us to continue to strengthen our leadership and seize the opportunities offered by developments in the markets in which we operate.”-

Turning to the performance of the individual business segments, the Shipbuilding segment reported revenue of 3.15 billion (-5.9% compared with the first half of 2025) and an increase in EBITDA to 236 million (+7.9% compared with the first half of 2025). The growth in revenue in the cruise ship sector reflects the positive trend in prices, with revenue increasing more than proportionally compared with production volumes (+14.5% compared with the first half of 2025).