Milan-listed Nexi S.p.A. Reported increased revenues and profitability for fiscal year 2025, alongside the presentation of its medium-term strategic plan. The payments technology company’s revenues reached €3.59 billion, a 2.1% increase compared to the €3.51 billion recorded in 2024, aligning with analyst consensus estimates as of February 2026.
Normalized earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose, climbing from €1.86 billion to €1.9 billion, representing a margin of 53.1%. This figure slightly missed the consensus forecast of €1.91 billion. Normalized net profit increased by 7% year-over-year, reaching €783.3 million, up from €730.4 million in the previous year. However, reported net profit was negative, totaling -€3.38 billion, a significant shift from the €167 million profit reported in 2024. This downturn was attributed to a non-cash goodwill impairment of approximately €3.7 billion.
As of the end of 2025, Nexi’s net financial position was negative €4.94 billion, with a net debt-to-EBITDA ratio decreasing to 2.6 times. The company’s excess cash generation increased to €806 million, a 12% rise compared to 2024.
Nexi’s management has proposed a dividend of €0.30 per share for 2026, relating to the 2025 fiscal year. The proposal was unveiled during the company’s Capital Markets Day, where the medium-term strategic plan and financial objectives were also presented.
Recent market activity shows a rebound for the FTSE MIB index, with Milan experiencing a 0.4% increase, though Nexi’s stock has reportedly suffered while Fineco has performed well. The FTSE MIB has outperformed the DAX and CAC 40 in 2025, fueled by gains in specific stocks. The broader market sentiment has been influenced by easing fears surrounding an artificial intelligence bubble, and positive reactions to expectations of potential cuts to the Federal Reserve’s interest rates.
