Revenue rose 20% to 6.7 billion euros in the first nine months of 2025, Ebitda rose 40% to 461 million and margins continued to improve: these figures confirm the course of Fincantieri, the group led by Pierroberto Folgiero (pictured), which closed the period with increased profitability in all business segments and a net debt financial position of 1.6 billion, a slight increase compared to the end of 2024. But the most striking figure was the workload, which increased to 61.1 billion euros thanks to new orders of 16 billion (+88%), higher than the record achieved throughout 2024. The portfolio underlined by the company, is equivalent to 7.4 times last year’s revenue and guarantees industrial visibility and employment until 2036, with 100 ships in the portfolio and 19 deliveries made from nine plants in 2025.
«With more than 60 billion workloads over the next ten years, a new record, Fincantieri’s contribution to the national and territorial economy increases, generating economic visibility in the supply chain and stabilizing employment», comments Folgiero. The CEO explains that growth is based on “three competing positive impacts: consolidation of economic-financial performance, good positioning in the positive industrial cycle in the sector and value creation”.
The group looks to the future with confidence, confirming its goals at the end of the year: revenues of around 9 billion, an Ebitda margin of more than 7% and a return to net profit. The new 2026-2030 Industrial Plan will be approved this year, which will be outlined in the first quarter of 2026 at Capital Markets Day.
Meanwhile, Fincantieri is strengthening its role in technological innovation and underwater defense, areas that are increasingly strategic for state security and industrial autonomy. “The group’s contribution to the country’s strategic innovation path continues to grow – underlines Folgiero – with the launch of the first autonomous underwater drones to protect critical infrastructure and ports, the entry of surface military drones, and the start of production of fuel cell systems and battery packs for naval use».
In this context, Fincantieri is also looking closely at the tender for the supply of submarines to the Polish Navy, a contract.
which, according to Folgiero, “should be completed quickly”, thanks to an offer that is “very strong” from a technical and financial point of view. Even though the data was positive and in line with expectations, the shares fell 6.5 percent.
