The Board of Directors of Fincantieri, chaired by Biagio Mazzotta, approved the Half-Year Financial Report as of 30 June 2026. Net profit reached €102 million in the first half of 2026, almost tripling from €35 million in 1H 2025 and approaching the record €117 million reported for the full-year 2025. This achievement reflects a positive business performance coupled with strong margin expansion. As of 30 June 2026, revenue amounted to €4.6 billion, broadly stable year-on-year, with a marked acceleration in 2Q 2026 reflecting the anticipated advancement of production activities related to the existing backlog. This acceleration fully offset the unfavorable comparison in 1H 2026 resulting from the one-off revenue recorded in 1H 2025, which benefited from the order for two PPA/MPCS units for the Indonesian Navy. The profitability improvement achieved during the first six months of 2026 was mainly driven by the sharp margin increase in Shipbuilding—reflecting the operational efficiency initiatives outlined in the Business Plan—and by a more favorable business mix, characterized by the growing contribution of the Underwater segment. More specifically, EBITDA reached €350 million, up 12.5% compared with 1H 2025, with an EBITDA margin of 7.6%, up 0.8 percentage points year-on-year.