(Alliance News) - The board of NewPrinces Spa on Tuesday approved the accounts for the nine months ended September 30, reporting a net profit of EUR106.2 million, including income from business combinations. Normalized net profit increased by EUR43.8 million compared to the same period in 2024.
The group's revenues in the first nine months of 2025 amounted to EUR1.9 billion, slightly down compared to the first nine months of 2024, when revenues amounted to EUR2.03 billion.
Adjusted EBITDA stood at EUR 157.4 million, up 20% compared to the figure at September 30, 2024, with an EBITDA margin of 8.1% compared to 6.2% in the previous year.
Normalized operating profit was EUR 80.4 million, up 140% compared to EUR 33.5 million at September 30, 2024, while reported operating profit amounted to EUR 147 million.
Underlying free cash flow reached EUR163.4 million in the first nine months, with an FCF-EBITDA conversion of 104%.
The adjusted consolidated net financial position at September 30, 2025, was EUR332 million, an improvement of approximately EUR13.7 million compared to December 31, 2024, despite a Capex investment for the purchase of the Royal Liver Building and Symington's Cross Green headquarters, totaling GBP83 million.
Net of these investments, the NFP would have improved by EUR108 million.
By Maurizio Carta, Alliance News reporter
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