Redelfi S p A : annual general meeting approves the 2025 financial statements and the allocation of profits

Published April 30, 2026 at 1:01 p.m. UTC

Source: MarketScreener

Below is the press release, available in PDF format (in italian).

Milan, april 30 2026

or to allocate the profit of €1,196,331 to retained earnings and €11,931 to the legal reserve.

Consolidated Financial Statements as of December 31, 2025 - Key Results

Production value amounted to €27 million, representing significant growth (36.6%) compared to €19.8 million recorded in the previous fiscal year. The result is attributed to Redelfi S.p.A. (" Redelfi" or the "Company"), the parent company of the industrial group of the same name with operational headquarters in Genoa-engaged in the development of innovative and sustainable infrastructure to facilitate the energy transition, and listed on the Euronext Growth Milan segment of Borsa Italiana-met today under the chairmanship of Mr. Davide Sommariva to deliberate on the items on the agenda, as set forth below.

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 - APPROVAL AND ALLOCATION OF PROFITS

The Shareholders' Meeting approved the financial statements as of December 31, 2025, which showed a net income of €1,208,262, and took note of the consolidated financial statements as of December 31, 2025.

The Shareholders' Meeting also approved the guidance for the 2023-2026 Business Plan, setting targets at the upper end of the range.

EBITDA amounted to €15.8 million, with an EBITDA margin of 58.3%, up from December 31, 2024 (€9.4 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.

EBIT amounted to €14 million, up from €7.7 million as of December 31, 2024, after depreciation, amortization, and impairment charges of €1.8 million, resulting in an EBIT margin of 52%.

Consolidated net income amounted to €7.5 million, of which €5.2 million was attributable to the Group.

The Net Financial Position amounts to approximately €15.2 million (cash negative); this figure represents an improvement over the previous year but exceeds the guidance set out in the 2023-2026 Business Plan. For a proper comparison with the latter, one must consider the pro-forma NFP, i.e., the normalized NFP, which accounts for the effects of two extraordinary events that occurred during the fiscal year and, therefore, were neither anticipated nor included in the assumptions of the 2023-2026 Business Plan: i) the cash outflow related to the GPA earn-out amounting to over €11 million, paid during the fiscal year; ii) the capital increase and exercise of warrants for €9 million, carried out in April 2025

The difference between the pro forma net financial position, amounting to €13.2 million (cash negative), and the corresponding guidance is attributable to the current sluggishness of the U.S. market, as the 2023-2026 Business Plan had anticipated proceeds from the unrealized sale of the first BESS project in Texas.

Financial Statements as of December 31, 2025 - Key Results

Production value amounted to €9.7 million, representing a slight decrease (-5.2%) compared to December 31, 2024. This result is attributable for €6.2 million (€8.4 million as of December 31, 2024) to the main DSA contract, while other revenues, primarily related to services re-invoiced to subsidiaries for corporate governance activities (€150 thousand), decreased by €127 thousand.

EBITDA amounted to €3.4 million, with an EBITDA margin of 34.90%, down from €5.6 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-to which Redelfi provides services with the aim of ensuring the operational capacity required to support the growth plans of the entire industrial group-has resulted in a corresponding increase in resources and related costs.

EBIT amounted to €3 million (€5.3 million as of December 31, 2024) after depreciation, amortization, and impairment charges of €284,000, resulting in an EBIT margin of 31.97%.

Net income amounted to €1.2 million, with after-tax profit of approximately €651,000.

The net financial position amounts to €1.5 million (cash positive), representing a significant improvement (of approximately €9 million compared to December 31, 2024). This improvement is attributable to the following factors: i) an increase in bank deposits of approximately €0.8 million; ii) an increase in financial receivables and financial assets not classified as fixed assets totaling €15 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 €2 million.

FILING

The minutes of the Shareholders' Meeting will be made available to the public on the Company's website, www.redelfi.com, under the Investor Relations section > Shareholders' Meeting, as well as on the website www.borsaitaliana.it, under the Shares section>Documents, in accordance with the terms and procedures set forth in applicable regulations.

This press release is available on the website www.redelfi.com, Investor Relations section> Press Releases and on www.1info.it.

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Redelfi is the parent company of the Industrial Group, which operates in the field of energy transition through the development of strategic infrastructure-primarily Battery Energy Storage Systems-using 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 €27 million and a net profit of €5.2 million. EBITDA amounted to €15.7 million. The pro-forma net financial position is cash negative by €15 million, and shareholders' equity stands at €45 million.

Contacts:

ISSUER

Redelfi | Media Relations Manager | Carolina Beretta | [email protected] | Piazza Borgo Pila, 39, Torre B, 16129 Genova

INVESTOR & FINANCIAL MEDIA RELATIONS

IR Top Consulting | Investor Relations | [email protected] | T: + 39 02 4547 3884/3 | Via Bigli, 19 - 20121 Milan

IR Top Consulting | Media Relations | [email protected] | T: + 39 02 4547 3884/3 | Via Bigli, 19 - 20121 Milan

EURONEXT GROWTH ADVISOR

Integrae SIM | [email protected] | T: +39 02 80506160 | Piazza Castello, 24 - 20121 Milan

SPECIALIST E CORPORATE BROKER

Banca Finnat Euramerica S.p.A. |[email protected] |T: +39 06 69933 417 |Palazzo Altieri - Piazza del Gesù, 49 - 00186 Roma