Overview
- Ferrovie dello Stato reported net income of €30 million for 2025 after a €208 million loss in 2024, with operating revenue of €17.3 billion, EBITDA of €2.4 billion and EBIT of €350 million.
- Technical investments reached a record €18.3 billion, about €16 billion tied to Italy’s EU‑backed Recovery Plan, with 98% spent in Italy and roughly €12 billion for rail lines and €4 billion for roads.
- Major works advanced on the Brescia–Verona–Vicenza–Padova corridor, Terzo Valico dei Giovi, Napoli–Bari and Palermo–Catania–Messina as the group said it met required milestones.
- Infrastructure EBITDA rose to €364 million and international passenger EBITDA doubled to €221 million as services expanded in France, Spain, Germany and the Netherlands.
- The net financial position improved to €12.8 billion, BBB+ ratings were affirmed with stable outlooks, green funding was raised through Eurofima and a new green bond, and 8,515 hires lifted headcount to about 97,000 as the 2025–2029 plan targets more than €100 billion.