Fincantieri reported net profit of €102 million for the first half of 2026, almost three times the €35 million recorded in the same period of 2025, representing an increase of 188.4%.

EBITDA rose 12.5% to €350 million from €311 million in the first half of 2025. The EBITDA margin increased to 7.6%, compared with 6.8% a year earlier. Revenue remained broadly stable at €4.58 billion, versus €4.576 billion in the corresponding period of 2025, with growth accelerating in the second quarter of 2026.

Adjusted net debt stood at €756 million, improving from €1.311 billion at the end of 2025. The figures were included in the half-year financial report approved by the board of directors.

According to Fincantieri, the profit achieved in the first six months has already brought the group close to its full-year net income target.

The improvement in profitability was mainly driven by stronger margins in Shipbuilding and a more favorable business mix, including a growing contribution from the Underwater segment. Positive operating performance was accompanied by lower borrowing-related financial expenses, a reduced impact from net charges connected with asbestos-damage litigation, and proceeds from the sale of stakes in non-strategic joint ventures.

The Shipbuilding segment generated revenue of €3.157 billion, down 5.9% from the first half of 2025, while EBITDA increased 7.9% to €236 million.

Revenue growth in the cruise ship business reflected favorable pricing trends, with revenue increasing more rapidly than production volumes, which rose 14.5%.

The defense business was affected by the comparison with the one-off benefit from the Indonesian order recorded in the first half of 2025, as well as by the redefinition of the Constellation program’s contribution to 2026 revenue.