First Half 2025: Revenues +4%, EBITDA +24% and Order Book at €769 Million

The Board of Directors of Somec S.p.A. has reviewed and approved the consolidated Half-Year Financial Report as of June 30, 2025.

In the first half of the year, consolidated revenues reached €192.7 million, up 3.9% compared to the same period in 2024. The performance was driven by the positive contribution of naval projects, benefiting all three divisions of the Group, as well as by a significant increase in refitting volumes. Among the main growth areas, the Mestieri division recorded +25.3%, along with progress in the Talenta division (+5.7%). The Horizons division saw a slight contraction (-3.5%), influenced by the timing of civil project executions.

EBITDA grew significantly by 24.1%, reaching €15.8 million (vs. €12.7 million in June 2024). Operating margin also showed a marked improvement, standing at 8.2% (6.9% in 2024).

Somec Chairman, Oscar Marchetto commented: “The significant improvement in margins and the strong return to operating profit confirm the effectiveness of the path the Group has undertaken over the past two years. The naval sector, in which all three Somec divisions operate, is experiencing a phase of strong international momentum, pushing our order book to €769 million and ensuring long-term visibility and leadership.”

The Group’s total backlog as of July 15, 2025, which will develop over a time horizon from the current fiscal year to 2033, amounts to €769 million, of which 17.3% is optional. This backlog includes orders announced on July 14 for €110 million.