For Fincantieri, net profit equal 102 million, approximately three times the result of the first half of 2025 (35 million; +188,4%). Ebitda up 12,5% to 350 million (311 million in the first half of 2025) and Ebitda margin at 7,6%, up from 6,8% recorded in the same period in 2025. Revenues substantially stable at 4.580 million (4.576 million in the first half of 2025), with acceleration in the second quarter of 2026. Adjusted net financial position A debt of €756 million, an improvement over the €1.311 million figure at the end of 2025. These figures are from the half-yearly financial report approved by the board of directors.
Fincantieri, profit surge
The profit result allows the group, Fincantieri observes, to already be approaching record net profit recorded in the full year 2025, equal to 117 million. The improvement in profitability was mainly supported by theincrease in margins in shipbuilding and one “more favorable business mix”, characterized by the growing contribution of the Underwater segment. The positive operating performance was accompanied by "a reduction in financial expenses related to debt, a lower impact of net expenses related to asbestos-related litigation, and proceeds from the sale of interests in non-strategic joint ventures."
Fincantieri, the half-year data
The Shipbuilding segment recorded revenues of 3.157 million (-5,9% compared to the first half of 2025) and an EBITDA growth of 236 million (+7,9%). Revenue growth in the shipbuilding sector cruise ships reflects the positive trend in prices, with revenues increasing more than proportionally to production volumes (+14,5%). The Defense sector "is impacted by the one-off benefit of the order for Indonesia in the first half of 2025 and the redefinition of the Constellation program for 2026 revenues, as well as the postponement of the acquisition of some defense projects close to being signed."
The segment continues to grow Offshore and Special Vessels, with revenues of 792 million (+22,4%), EBITDA of 40 million (+14,4%), and an EBITDA margin of 5,0%, driven by the growth of the backlog. The business Underwater recorded a 29,9% increase in revenues year-over-year to €356 million and a proportional increase in EBITDA to €60 million, with an EBITDA margin of 17,0%. The Systems, Components, and Infrastructure segment posted revenues and EBITDA of €720 million and €47 million, respectively (+16,2% and +9,5%), with an EBITDA margin of 6,5%.
Il overall workload reaches approximately €74 billion, up 17% compared to December 31, 2025 and equal to 8,0 times 2025 revenues. The backlog stands at €43 billion, +4,7% compared to December 31, 2025, with 92 ships in the order book and deliveries scheduled through 2036 (2039 considering the order for Princess Cruises), while the soft backlog is equal to €30,9 billion. The adjusted net financial position has improved compared to the end of 2025, with a debt ratio of 1,0x (1,9x at December 31, 2025).
Fincantieri, what Folgiero said
“The results of the first half of 2026 confirm that Fincantieri's growth is increasingly accompanied by a strong expansion of profitability and ability to generate valueThe net profit, almost tripled compared to the same period last year, testifies to the effectiveness of the path undertaken and our ability to translate deep order book visibility into tangible resultsThe increasingly significant contribution of the Underwater business, together with the constant strengthening of the activities that represent the heart of the Group, is making our industrial profile even more solid, balanced and distinctive". This was stated by the CEO and General Manager of Fincantieri, Pier Roberto Folgiero, commenting on the results as of June 30.
"With a backlog of 74 billion "With delivery visibility extending to 2039," he adds, "we can look to the coming years by leveraging a solid industrial and commercial platform. In this context, the recently announced acquisitions in the diving sector represent a key strategic step and create the first vertically integrated operator in the sector, with complementary expertise across the entire value chain."
“We are building a Fincantieri that is increasingly capable of combine industrial scale, innovation and execution capacity – concludes the CEO – this is the direction that will allow us to continue to strengthen our leadership and seize the opportunities offered by the evolution of the markets in which we operate”.
