The 2024 financial year closed with a loss of €2.57 million and operating revenues of €52.51 million, down from €53.7 million in 2023 but still above the €50 million threshold.
This result was shaped by a complex context marked by geopolitical tensions and the reshaping of maritime routes due to the difficulties in crossing the Suez Canal. As a result, freight flows shifted towards ports in Spain, France and Northern Europe (with the exception of Genoa), negatively impacting Italian overland traffic and maritime combined transport.

Despite these challenges, thanks to a prudent commercial strategy, handling volumes remained stable, even recording a slight increase of +0.57%. The drop in operating revenues (-2.2%) was mainly due to the decline in storage income, linked to the crisis in maritime combined transport, and to lower reimbursements under the contract with RFI.

At the same time, operating costs rose following the renegotiation of the terminal management contract, which took effect on 22 April 2024. However, the new agreement sets out clear commitments for the ownership in terms of extraordinary maintenance and infrastructure development, key conditions for enhancing the value of strategic terminals over the 2025–2029 period, as outlined in the Industrial Plan approved by the Board of Directors in November 2024.

In May 2024, the extraordinary transaction transferring the stake in Terminali Italia from Rete Ferroviaria Italiana to Mercitalia Logistics was completed, in line with the new governance model introduced by the FS Group in 2022.

On the investment front, the first half of the year saw the delivery of the last four mobile cranes under the 2022 investment plan (five had already been delivered in late 2023), supported by a ministerial grant covering 48.53% of costs.

From an organisational standpoint, headcount was strengthened at the Bari terminal with the addition of eight crane operators, initially hired on a temporary basis and subsequently made permanent. The company also continued to provide customs services at the Verona Quadrante Europa, Marzaglia, Segrate, Bari and Bologna terminals, maintaining its AEO (Authorised Economic Operator) certification.

In terms of sustainability, 2024 confirmed the reduction of the environmental impact of operations: renewal of the handling equipment fleet (all compliant with Stage V standards) and the use of 100% renewable-certified electricity at Verona Quadrante Europa.

The year 2025 brings new challenges, with the development of a new business model to align the company’s revenue and cost structure, alongside improved operational efficiency aimed at restoring profitability as early as the current year..