FY2025 closed with a net profit of €893 thousand, marking a significant turnaround compared to the €2.57 million loss recorded in 2024. Operating revenues reached €55.07 million, up 5% from €52.5 million in the previous year.

This result was achieved in a context still characterized by significant challenges: the persistence of international geopolitical tensions, the consolidation of new maritime routes resulting from the difficulties in transiting the Suez Canal, the effects of international trade policies, and the numerous infrastructure works related to the National Recovery and Resilience Plan (PNRR) on the Italian railway network, as well as extraordinary maintenance works across Northern European rail networks. These factors impacted traffic regularity and transported volumes.

Within this scenario, Terminali Italia pursued a strategy focused on restoring economic sustainability through adjustments to terminal service tariffs, maintaining service quality levels, and implementing a comprehensive cost-efficiency plan. This approach enabled the company to achieve structural savings without compromising operational, safety, or sustainability standards.

The overall stability in handling volumes, combined with increased revenues from terminal services and other customer offerings, supported an improvement in profitability. EBITDA rose from €0.9 million in 2024 to €3.7 million in 2025.

On the business development front, 2025 was marked by several key initiatives aimed at strengthening network competitiveness: the launch of the first rail connection with Hungary, the start-up of the first “full reefer” rail service from the port of Gioia Tauro to Verona, and the specialization of the Segrate terminal in maritime traffic, supported by the activation of a container washing platform and the reorganization of the operational layout.

During the year, the Company also introduced its new pricing model to customers, designed to better align revenue structures with the sustainability of operating costs. This evolution was fully implemented in 2026 with the introduction of a pricing system based on minimum guaranteed volumes.

In 2025, the Company continued its commitment to environmental and quality standards, maintaining its UNI EN ISO 14001:2015 certification, progressively upgrading its terminal equipment fleet with Stage V-compliant machinery, and using certified renewable electricity at the Verona Quadrante Europa terminal.

The year 2026 opens with the objective of consolidating the results achieved, continuing along the path of operational efficiency optimization, strengthening the commercial model, and further developing the terminal network as a strategic asset within the FS Logistix Group’s Industrial Plan