In 2025, profits of listed companies declined across Europe, and Italy is no exception. Intermonte's projections for Il Sole 24 Ore show that aggregate corporate profits for the top 120 companies listed on the Milan Stock Exchange (with a total market capitalization of 90% of the entire stock market) will be €73.8 billion. This represents a 1.9% decrease from the previous year, but it is primarily due to Stellantis' profit hemorrhage: if the forecasts are confirmed, the carmaker's profits are expected to fall to €1.9 billion, down from €7.4 billion in 2024 and more than €20 billion in the previous two golden years. Without this influence, the annual balance sheet of listed companies on the Milan Stock Exchange would be nearly 6% positive, primarily due to the financial sector's anticipated 11% increase in profits to nearly €30 billion. However, the most intriguing indicators are from the current year: Intermonte anticipates that its 2026 profits on the Milan Stock Exchange will be €81.6 billion, which represents a 10.6% increase from the previous year.