Financials UniCredit S.p.A.

Equities

Real-time Borsa Italiana Other stock markets 11:45:15 2026-03-09 am EDT			5-day change	1st Jan Change
65.16 ^EUR	-1.45%		-6.99%	-7.94%

09:56am	MPS CEO Lovaglio cancels roadshow for Mediobanca integration plan - sources	RE
08:23am	Milan stock exchange attempts recovery amid ongoing sell-off; banks hit, Leonardo and Nexi gain	RE

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	17,954	20,343	23,843	24,844	24,536	25,957	27,207	28,231
Change	-	13.31%	17.2%	4.2%	-1.24%	5.79%	4.82%	3.76%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	8,158	10,782	14,372	15,439	15,094	16,776	17,818	18,860
Change	-	32.16%	33.3%	7.42%	-2.23%	11.14%	6.21%	5.85%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,236	7,289	11,451	12,860	13,677	15,268	16,366	17,410
Change	-	489.72%	57.1%	12.3%	6.35%	11.63%	7.19%	6.38%
Net income ¹	1,540	6,458	9,507	9,719	10,915	10,855	11,675	12,440
Change	-	319.35%	47.21%	2.23%	12.31%	-0.55%	7.55%	6.56%
Announcement Date	1/28/22	1/31/23	2/5/24	2/11/25	2/9/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales	4,687	4,398	4,435	4,436	5,017	4,780	4,827	5,719	5,930	5,967	5,967	5,979	6,371	6,328	6,142	6,002	6,550	6,127	6,167	5,687	-	-	-	-
Change	-	-6.17%	0.84%	0.02%	13.1%	-4.72%	0.98%	18.48%	3.69%	0.62%	0%	0.2%	6.56%	-0.67%	-2.94%	-2.28%	9.13%	-6.46%	0.65%	-7.78%	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	2,272	1,937	1,985	1,963	2,676	2,422	2,442	3,246	3,603	3,639	3,640	3,490	4,065	4,031	3,851	3,492	4,228	3,812	3,876	3,173	-	-	-	-
Change	-	-14.74%	2.48%	-1.11%	36.32%	-9.49%	0.83%	32.92%	11%	1%	0.03%	-4.12%	16.48%	-0.84%	-4.47%	-9.32%	21.08%	-9.84%	1.68%	-18.14%	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	1,207	1,371	1,430	-2,772	603	2,481	2,067	2,111	2,731	3,204	3,168	2,349	3,599	3,728	3,523	2,010	3,913	4,293	3,639	1,832	-	-	-	-
Change	-	13.59%	4.3%	-293.85%	121.75%	311.44%	-16.69%	2.13%	29.37%	17.32%	-1.12%	-25.85%	53.21%	3.58%	-5.5%	-42.95%	94.68%	9.71%	-15.23%	-49.66%	-	-	-	-
Net income ¹	887	1,034	1,058	-1,439	247	2,010	1,709	2,464	2,064	2,314	2,322	2,810	2,558	2,679	2,513	1,969	2,771	3,344	2,633	2,167	2,778	2,964	2,817	2,602
Change	-	16.57%	2.32%	-236.01%	117.16%	713.77%	-14.98%	44.18%	-16.23%	12.11%	0.35%	21.02%	-8.97%	4.73%	-6.2%	-21.65%	40.73%	20.68%	-21.26%	-17.7%	28.19%	6.68%	-4.93%	-7.63%
Announcement Date	5/6/21	7/30/21	10/28/21	1/28/22	5/5/22	7/27/22	10/26/22	1/31/23	5/3/23	7/26/23	10/24/23	2/5/24	5/7/24	7/24/24	11/6/24	2/11/25	5/12/25	7/23/25	10/22/25	2/9/26	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	9,796	11,897	12,699	12,682
Change	-	21.45%	6.74%	-0.13%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	5,094	7,242	8,096	8,046
Change	-	42.17%	11.79%	-0.62%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT)	3,112	-	-	-
Change	-	-	-	-
Net income ¹	2,285	-	5,237	6,115
Change	-	-	-	16.77%
Announcement Date	7/27/22	7/26/23	7/24/24	7/23/25

¹EUR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/28/22	1/31/23	2/5/24	2/11/25	2/9/26	-	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	730	522	517	589	1,250	719
Change	-	-28.49%	-0.96%	13.93%	112.22%	-42.48%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/24/21	3/1/22	3/9/23	3/11/24	2/25/25	2/27/26

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	45.44%	53%	60.28%	62.14%	61.52%	64.63%	65.49%	66.81%
EBT Margin (%)	-	6.88%	35.83%	48.03%	51.76%	55.74%	58.82%	60.15%	61.67%
Net margin (%)	-	8.58%	31.75%	39.87%	39.12%	44.49%	41.82%	42.91%	44.07%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.17%	0.73%	1.16%	1.24%	1.32%	1.23%	1.28%	1.29%
ROE	-	2.54%	10.29%	14.92%	15.36%	16.77%	16.49%	17.4%	18.5%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	1.795	2.4	3.149	3.768	4.212	4.719
Change	-	-	-	-	33.7%	31.21%	19.67%	11.79%	12.02%
Book Value Per Share ¹	-	27.87	32.73	-	40.5	-	45.02	48.45	52.31
Change	-	-	17.43%	-	-	-	-	7.63%	7.96%
EPS ¹	-	1.58	2.5	4.71	5.74	6.89	7.387	8.299	9.243
Change	-	-	58.23%	88.4%	21.87%	20.03%	7.22%	12.35%	11.37%
Nbr of stocks (in thousands)	-	2,216,454	1,935,270	1,713,440	1,541,744	1,548,000	1,498,277	1,498,277	1,498,277
Announcement Date	-	1/28/22	1/31/23	2/5/24	2/11/25	2/9/26	-	-	-