Fincantieri has reported strong financial performance for the first half of 2025, with robust growth in both revenues and profitability.
Fincantieri’s turnover reached € 4.6 billion, marking an increase of 24% compared to the same period last year.
Profitability also increased significantly: EBITDA grew by 45% year-on-year to €311 million with an EBITDA margin of 6.8%, compared to 6.3% (at the end of 2024) and 5.8% (in the first half of 2024), as announced.
The net profit amounts to € 35 million, which according to Fincantieri indicates a “sustained return to profitability”, which was reached at the end of 2024 with € 27 million. This represents a significant improvement on the net loss of € 27 million in the first half of 2024.
In the commercial sector, incoming orders totaled € 14.7 billion, equivalent to 96% of all orders received during the full year 2024. According to Fincantieri, this represents a significant annual acceleration of 93%, driven in particular by the Shipbuilding segment (+133% compared to the first half of 2024, with EBITDA growth of +40%).
Fincantieri’s order book grows significantly
In the first half of 2025, the order book increased by 35% to € 41.9 billion compared to the 2024 financial year. The portfolio comprises 100 ships, with deliveries planned until 2036. The “soft backlog” (orders not firmly listed in the order book) amounts to € 15.8 billion, resulting in a record total order backlog of € 57.7 billion. This corresponds to 7.1 times sales in 2024.
In the naval sector, the Group was awarded two new contracts, including for the construction of two multipurpose vessels in the “Light Plus” configuration to replace the two vessels sold to the Indonesian Navy.
Fincantieri will also provide support for all frigates built by Orrizonte Sistemi Navali (OSM, a joint venture between Fincantieri and Leonardo). The shipyard group reported further growth in the underwater segment and is also pursuing partnerships in Southeast Asia and the Middle East.
“Our results are not just numbers, but a snapshot of a company that is transforming the complexity of the global scenario into an engine of growth and value creation,” says Pierroberto Folgiero, CEO and Managing Director of Fincantieri. “Our industrial vision focused on long-term value creation continues and also benefits the broader stakeholder ecosystem. A record order book of €57.7 billion not only provides a solid foundation for future growth, but is also a testament to our customers’ confidence in our ability to be strategic partners in their transformation journey.”
