{"id":5976,"date":"2026-04-30T14:41:39","date_gmt":"2026-04-30T12:41:39","guid":{"rendered":"https:\/\/redelfi.com\/non-categorizzato\/redelfis-annual-general-meeting-approves-the-2025-financial-statements-and-the-allocation-of-profits\/"},"modified":"2026-06-25T15:38:24","modified_gmt":"2026-06-25T13:38:24","slug":"redelfis-annual-general-meeting-approves-the-2025-financial-statements-and-the-allocation-of-profits","status":"publish","type":"post","link":"https:\/\/redelfi.com\/en\/press-releases\/redelfis-annual-general-meeting-approves-the-2025-financial-statements-and-the-allocation-of-profits\/","title":{"rendered":"Redelfi&#8217;s annual general meeting approves the 2025 financial statements and the allocation of profits"},"content":{"rendered":"<p>Below is the<a href=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/DIFFUSO-20256_166864_2026_oneinfo.pdf\" target=\"_blank\" rel=\"noopener\"> press release, available in PDF format (in italian).<\/a><\/p>\n<p><em>Milan, april 30 2026<\/em><\/p>\n<p>Redelfi S.p.A. (\u201c Redelfi\u201d or the \u201cCompany\u201d), the parent company of the industrial group of the same name with its operational headquarters in Genoa\u2014engaged in the development of innovative and sustainable infrastructure to support the energy transition, and listed on the Euronext Growth Milan segment of Borsa Italiana\u2014met today under the chairmanship of Davide Sommariva to deliberate on the items on the agenda, as set forth below. <\/p>\n<p><strong>FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 \u2013 APPROVAL AND ALLOCATION OF PROFITS<\/strong><\/p>\n<p>The Shareholders\u2019 Meeting approved the financial statements as of December 31, 2025, which showed a net income of \u20ac1,208,262, and took note of the consolidated financial statements as of December 31, 2025.<\/p>\n<p>The Shareholders\u2019 Meeting also resolved to allocate 1,196,331 euros of the net income to retained earnings and 11,931 euros to the legal reserve.<\/p>\n<p>Consolidated Financial Statements as of December 31, 2025 \u2013 Key Results<\/p>\n<p><strong>The Production Value<\/strong> amounts to 27 million Euros and records a significant growth (36.6%) compared to 19.8 million Euros recorded in the previous financial year. The result is in line with the <em>guidance <\/em>of the 2023-2026 Industrial Plan, positioning itself in the upper range. <\/p>\n<p><strong>EBITDA<\/strong> amounted to \u20ac15.8 million, with an EBITDA margin of 58.3%, up from December 31, 2024 (\u20ac9.4 million). The increase is attributable both to the value recognized for projects under development based on the pro-rata value of signed sales contracts and to the growth in activities related to projects under development carried out by the Group. The result exceeds the guidance set out in the 2023-2026 Business Plan.  <\/p>\n<p><strong>EBIT<\/strong> amounted to \u20ac14 million, up from \u20ac7.7 million as of December 31, 2024, after depreciation, amortization, and impairment charges of \u20ac1.8 million, resulting in an EBIT margin of 52%.<\/p>\n<p>Consolidated net income amounted to \u20ac7.5 million, of which \u20ac5.2 million was attributable to the Group.<\/p>\n<p>The <strong>Net Financial Position<\/strong> amounts to approximately \u20ac15.2 million (<em>cash negative<\/em>); this figure represents an improvement over the previous year but exceeds the<em> guidance <\/em>set out in the 2023\u20132026 Business Plan. For a proper comparison with the latter, one must consider the <em>pro-forma<\/em> NFP, i.e., the<strong> normalized<\/strong> NFP, which accounts for the effects of <strong>two extraordinary events<\/strong> that occurred during the fiscal year and, therefore, <strong>were neither anticipated nor included in the assumptions of the 2023-2026 Business Plan<\/strong>: i) the cash outflow related to the GPA <em>earn-out<\/em> amounting to over \u20ac11 million, paid during the fiscal year; ii) the capital increase and exercise of warrants for \u20ac9 million, carried out in April 2025 <\/p>\n<p>The difference between the<em> pro forma <\/em>net financial position, amounting to \u20ac13.2 million (<em>cash negative<\/em>), and the corresponding <em>guidance<\/em> is attributable to the current sluggishness of the U.S. market, as the 2023\u20132026 Business Plan had anticipated proceeds from the unrealized sale of the first BESS project in Texas.<\/p>\n<p>Financial Statements as of December 31, 2025 \u2013 Key Results<\/p>\n<p><strong>Production value<\/strong> amounted to \u20ac9.7 million, representing a slight decrease (-5.2%) compared to December 31, 2024. This result is attributable for \u20ac6.2 million (\u20ac8.4 million as of December 31, 2024) to the main DSA contract, while other revenues, primarily related to <em>services<\/em> re-invoiced to subsidiaries for corporate<em> governance<\/em> activities (\u20ac150 thousand), decreased by \u20ac127 thousand. <\/p>\n<p><strong>EBITDA <\/strong>amounted to \u20ac3.4 million, with an EBITDA margin of 34.90%, down from \u20ac5.6 million as of December 31, 2024. The decrease is due to a significant increase in personnel costs. The expansion of activities related to projects under development and the associated industrial operations carried out by both the Parent Company and its subsidiaries\u2014to which Redelfi provides<em> services <\/em>with the aim of ensuring the operational capacity required to support the growth plans of the entire industrial group\u2014has resulted in a corresponding increase in resources and related costs.  <\/p>\n<p><strong>EBIT <\/strong>amounted to \u20ac3 million (\u20ac5.3 million as of December 31, 2024) after depreciation, amortization, and impairment charges of \u20ac284,000, resulting in an EBIT margin of 31.97%.<\/p>\n<p><strong>Net income<\/strong> amounted to \u20ac1.2 million, with after-tax profit of approximately \u20ac651,000.<\/p>\n<p>The<strong> net financial position<\/strong> amounts to \u20ac1.5 million (<em>cash positive<\/em>), representing a significant improvement (of approximately \u20ac9 million compared to December 31, 2024). This improvement is attributable to the following factors:  <em>i) an increase in bank deposits of approximately \u20ac0.8 million; ii) an increase in financial receivables and financial assets not classified as fixed assets totaling \u20ac15 million, attributable to changes in investing activities, which absorbed liquidity due to loans to subsidiaries developing BESS projects and other loans and investments in securities totaling approximately \u20ac2 million.  <\/em><\/p>\n<p><strong>FILING <\/strong><\/p>\n<p>The minutes of the Shareholders\u2019 Meeting will be made available to the public on the Company\u2019s website, www.redelfi.com, under the<em> Investor Relations section &gt; <em>Shareholders\u2019 Meeting<\/em><\/em>, as well as on the website www.borsaitaliana.it, under the Shares section&gt;Documents, in accordance with the terms and procedures set forth in applicable regulations.<\/p>\n<p>This press release is available on the website www.redelfi.com, in the Investor Relations &gt;section under \u201cPress Releases,\u201d and on www.1info.it.<\/p>\n<p style=\"text-align: center;\">***<\/p>\n<p><strong><em>Redelfi <\/em><\/strong><em>is the parent company of the Industrial Group, which operates in the field of energy transition through the development of strategic infrastructure\u2014primarily Battery Energy Storage Systems\u2014using a highly innovative approach and placing a strong emphasis on compliance with ESG principles in corporate management. In fiscal year 2025, the Group generated a production value of \u20ac27 million and a net profit of \u20ac5.2 million. EBITDA amounted to \u20ac15.7 million. The pro-forma net financial position is cash negative by \u20ac15 million, and shareholders\u2019 equity stands at \u20ac45 million.    <\/em><\/p>\n<p><strong>Contacts: <\/strong><\/p>\n<p>ISSUER<\/p>\n<p><strong>Redelfi <\/strong>| Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | Piazza Borgo Pila, 39, Torre B, 16129 Genova<\/p>\n<p><strong>Redelfi <\/strong>| Media Relations Manager | Carolina Beretta | carolina.beretta@redelfi.com | Piazza Borgo Pila, 39, Torre B, 16129 Genova<\/p>\n<p>INVESTOR &#038; FINANCIAL MEDIA RELATIONS<\/p>\n<p>IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884\/3 | Via Bigli, 19 &#8211; 20121 Milan<\/p>\n<p>IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884\/3 | Via Bigli, 19 &#8211; 20121 Milan<\/p>\n<p>EURONEXT GROWTH ADVISOR<\/p>\n<p>Integrae SIM | info@integraesim.it | T: +39 02 80506160 | Piazza Castello, 24 \u2013 20121 Milan<\/p>\n<p>SPECIALIST E CORPORATE BROKER<\/p>\n<p><strong>Banca Finnat Euramerica S.p.A. |<\/strong>istituzionali@finnat.it |T: +39 06 69933 417 |Palazzo Altieri &#8211; Piazza del Ges\u00f9, 49 &#8211; 00186 Roma<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5956 size-full\" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142837.png\" alt=\"\" width=\"813\" height=\"642\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142837.png 813w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142837-300x237.png 300w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142837-768x606.png 768w\" sizes=\"(max-width: 813px) 100vw, 813px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5958 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142940-1.png\" alt=\"\" width=\"849\" height=\"658\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142940-1.png 858w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142940-1-300x233.png 300w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-142940-1-768x595.png 768w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5959 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143132.png\" alt=\"\" width=\"844\" height=\"991\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143132.png 712w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143132-256x300.png 256w\" sizes=\"(max-width: 844px) 100vw, 844px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5960 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143253.png\" alt=\"\" width=\"822\" height=\"435\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143253.png 733w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143253-300x159.png 300w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5961 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143404.png\" alt=\"\" width=\"765\" height=\"676\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143404.png 637w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143404-300x265.png 300w\" sizes=\"(max-width: 765px) 100vw, 765px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5962 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143517.png\" alt=\"\" width=\"722\" height=\"535\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143517.png 643w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143517-300x222.png 300w\" sizes=\"(max-width: 722px) 100vw, 722px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5963 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143643.png\" alt=\"\" width=\"687\" height=\"930\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143643.png 622w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143643-222x300.png 222w\" sizes=\"(max-width: 687px) 100vw, 687px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5964 \" src=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143804.png\" alt=\"\" width=\"688\" height=\"423\" srcset=\"https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143804.png 693w, https:\/\/redelfi.com\/wp-content\/uploads\/2026\/04\/Immagine-2026-04-30-143804-300x184.png 300w\" sizes=\"(max-width: 688px) 100vw, 688px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Below is the press release, available in PDF format (in italian). Milan, april 30 2026 Redelfi S.p.A. (\u201c Redelfi\u201d or the \u201cCompany\u201d), the parent company of the industrial group of&#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Redelfi&#039;s annual general meeting approves the 2025 financial statements and the allocation of profits | Redelfi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/redelfi.com\/en\/press-releases\/redelfis-annual-general-meeting-approves-the-2025-financial-statements-and-the-allocation-of-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redelfi&#039;s annual general meeting approves the 2025 financial statements and the allocation of profits | Redelfi\" \/>\n<meta property=\"og:description\" content=\"Below is the press release, available in PDF format (in italian). 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