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Enervit — Earnings Release 2025
Mar 12, 2026
4410_rns_2026-03-12_9798ef86-0f37-47db-9e0c-c0b9c7e757bc.pdf
Earnings Release
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| Informazione Regolamentata n. 1039-2-2026 | Data/Ora Inizio Diffusione 12 Marzo 2026 15:13:39 | Euronext Milan |
|---|---|---|
Societa': ENERVIT
Utenza - referente: ENERVITN03 - Raciti Giuseppe
Tipologia: 1.1
Data/Ora Ricezione: 12 Marzo 2026 15:13:39
Oggetto: Press Release post BoD 12.03.2026
Testo del comunicato
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EMERVIT THE POWER TO MULTI-BASED CONSULTING
CERTIFIED
PRESS RELEASE – Enervit S.p.A.
Revenues exceed €100 million EBITDA and Net Profit on the rise
The Board of Directors approves the Draft Annual Financial Statements and the Consolidated Financial Statements as at 31 December 2025
Milan, 12 March 2026 – The Board of Directors of Enervit S.p.A., a company active in the sports nutrition and functional nutrition markets through research, development, production, and commercialisation of foods and supplements for sportspeople and wellness-conscious consumers, today approved the Draft Annual Financial Statements of Enervit S.p.A. for the year ended 31 December 2025, and approved the Consolidated Financial Statements of the Enervit Group for the year ended 31 December 2025.
A dividend distribution of €0.215 per share (gross of statutory withholding taxes) has been proposed, payable as from 20 May 2026, with record date 19 May 2026 and ex-dividend date 18 May 2026.
The Shareholders’ Meeting has been convened for 28 April 2026.
Key consolidated results as at 31 December 2025
- Revenues: €103.2 million (vs. €96.7 million as at 31 December 2024);
- EBITDA: €10.0 million (vs. €9.5 million as at 31 December 2024);
- EBIT: €6.1 million (vs. €5.5 million as at 31 December 2024);
- Net profit: €4.3 million (vs. €4.1 million as at 31 December 2024);
- Net Financial Position: positive €2.4 million (vs. a positive €1.0 million as at 31 December 2024), reflecting the distribution of €2.8 million in dividends.
Consolidated results as at 31 December 2025
As at 31 December 2025, the Enervit Group recorded revenues of €103.2 million, up 6.7% compared to the €96.7 million reported in the same period of 2024.
This performance reflects a positive trend across all business areas. Italy – representing 74.6% of total revenues – reported growth of 2.6%.
International markets, accounting for 13.1% of total revenues, grew by 12.5% compared to 2024.
The Contract Manufacturing channel, with a 2.4% share of total revenues, also increased by 3.7% compared with 2024.
Finally, the Direct channel, driven by online sales and representing 10.0% of total revenues, grew by 40.6% compared with the same period in 2024.
Telebors: distribution and commercial use strictly prohibited
emarket
eONERVIT
THE POWER OF INTEGRITY LANGUAGE
CERTIFIED
O
As at 31 December 2025, EBITDA amounted to €10.0 million, up 5.1% year-on-year (2024: €9.5 million).
EBIT totalled €6.1 million, an increase of 9.8% compared with the €5.5 million recorded in 2024.
The Enervit Group recorded a Net Profit of €4.3 million, up 3.2% compared with €4.1 million in 2024.
The Net Financial Position as at 31 December 2025 was positive €2.4 million, an improvement compared with the positive €1.0 million recorded in 2024.
Other resolutions
The Board of Directors of Enervit S.p.A. also:
- approved the Corporate Governance and Ownership Structure Report, drafted pursuant to Art. 123-bis of the TUF, and the Remuneration Report drafted pursuant to Art. 123-ter of the TUF;
- proposed the distribution of a dividend of €0.215 per share (gross), payable as from 20 May 2026, with record date 19 May 2026 and ex-dividend date 18 May 2026;
-
resolved to convene the Ordinary Shareholders’ Meeting, in a single call, exclusively via telecommunication means, for 28 April 2026 at 11:00 a.m., with the following agenda:
-
Approval of the Annual Financial Statements as at 31 December 2025; Directors’ Report on Operations for the 2025 financial year; Report of the Board of Statutory Auditors; Report of the Independent Auditors. Presentation of the Consolidated Financial Statements of the Enervit Group as at 31 December 2025. Related and consequent resolutions.
- Resolutions regarding the allocation of the 2025 financial year result.
- Report on the Remuneration Policy and on the remuneration paid:
a. approval of the Remuneration Policy pursuant to Art. 123-ter, paragraph 3-ter, of Legislative Decree no. 58/1998;
b. resolutions on the “second section” of the report, pursuant to Art. 123-ter, paragraph 6, of Legislative Decree no. 58/1998. - Appointment of the Board of Directors: (4.1) Determination of the number of members; (4.2) Determination of the term of office; (4.3) Appointment of the members of the Board of Directors; (4.4) Appointment of the Chair; (4.5) Determination of remuneration of the members of the Board of Directors.
- Appointment of the Board of Statutory Auditors for the 2023–2025 term: (5.1) Appointment of the members; (5.2) Appointment of the Chair; (5.3) Determination of their remuneration.
Pursuant to Art. 135-undecies.1 of Legislative Decree no. 58/1998 (“TUF”) and Articles 8 and 9 of the Articles of Association, the Company has decided to require that shareholders attend the Meeting exclusively through the Designated Representative, as provided for under Art. 135-undecies of the TUF.
Those legally entitled to attend may participate only via telecommunication means, pursuant to Article 8 of the Articles of Association, using the procedures that will be communicated by the Company to the relevant parties.
emarket
with storage
CERTIFIED
ENERVIT
The Positive Nutrition Company
The Draft Annual Financial Statements as at 31 December 2025, together with the Management Report, the Directors' Reports on the items on the agenda of the Shareholders' Meeting, the Report of the Board of Statutory Auditors and the Report of the Independent Auditors, will be made available to the public at the Company's registered office and on the Company's website – www.enervit.com, in the “Investor Relations” section, within the statutory deadlines.
The Executive in charge of preparing the corporate accounting documents of Enervit S.p.A., Dr Giuseppe Raciti, declares – pursuant to Art. 154-bis, paragraph 2 of Legislative Decree 58/1998 – that the accounting information contained in this press release corresponds to documentary evidence, books and accounting records.
Enervit S.p.A.
Enervit – The Positive Nutrition Company – operates in the sports nutrition and functional nutrition sectors through the research, development, production, and commercialisation of foods and supplements for sportspeople and individuals focused on wellness and fitness. Enervit S.p.A. promotes the culture of positive nutrition combined with the value of regular physical activity and is committed to acting in respect of the environment, people, and the community, contributing credibly to a sustainable transition.
The entire production process, from ideation to testing, from development to manufacturing, is carried out at the facilities in Zelbio (CO) and Erba (CO) to ensure the highest level of quality. The Company is certified UNI EN ISO 9001, UNI EN ISO 14001 and BRC.
The Group has 254 employees and generated €103.2 million in revenues as at 31 December 2025 across four sales channels: Italy, International, Contract Manufacturing and Direct.
For further information:
Enervit S.p.A. – Media Relations
Matilde Pozzi
Tel: +39 02 48563 (1)
Email: [email protected] – [email protected]
emarket
with storage
CERTIFIED
ENERVIT
The Powerful Nutrition Company
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 December 2025 and 31 December 2024
| ASSETS | 31 December 2025 | 31 December 2024 |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment | ||
| Land | 207,243 | 207,243 |
| Buildings | 2,835,774 | 3,014,459 |
| Plant and machinery | 5,130,420 | 5,231,324 |
| Industrial and commercial equipment | 437,060 | 433,503 |
| Right-of-use assets – PPE (IFRS 16) | 2,843,516 | 3,173,434 |
| Other assets | 261,963 | 186,989 |
| PPE under construction and advances | 574,246 | 1,267,776 |
| Total property, plant and equipment | 12,290,223 | 13,514,729 |
| Intangible assets | ||
| Development costs | 446,210 | 583,469 |
| Patent rights and intellectual property rights | 547,317 | 750,471 |
| Concessions, licences and trademarks | 2,228,518 | 2,396,907 |
| Goodwill | 5,848,557 | 5,848,557 |
| Intangible assets under construction and advances | 596,220 | 349,900 |
| Other intangible assets | 3,949 | 6,178 |
| Total intangible assets | 9,670,771 | 9,935,482 |
| Deferred tax assets | 390,757 | 330,539 |
| Other long-term financial receivables | 454,107 | 445,490 |
| Total non-current assets | 22,805,858 | 24,226,241 |
| Current assets | ||
| Inventories | 11,277,716 | 13,149,085 |
| Trade receivables and other short-term assets | 22,607,485 | 18,284,595 |
| Current tax assets | 1,608,717 | 1,687,486 |
| Other short-term financial receivables | - | 56,460 |
| Cash and cash equivalents | 11,807,515 | 10,050,751 |
| Total current assets | 47,301,433 | 43,228,378 |
| TOTAL ASSETS | 70,107,292 | 67,454,618 |
emarketer
e-MAIL: [email protected]
The Powerful Whitelink Company
MARKETING AND DEVELOPMENT
SEMI-PRODUCED BY THE COMPTION & CONTROL COMPANY
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 December 2025 and 31 December 2024
| EQUITY AND LIABILITIES | 31 December 2025 | 31 December 2024 |
|---|---|---|
| Equity | ||
| Issued share capital | 4,628,000 | 4,628,000 |
| Share premium reserve | 6,527,962 | 6,527,962 |
| Capital contribution reserve | 46,481 | 46,481 |
| Legal reserve | 2,012,883 | 1,810,216 |
| Extraordinary reserve | 13,710,894 | 12,708,212 |
| Derivative instruments valuation reserve | 44,862 | 100,746 |
| FTA reserve | 2,394,751 | 2,394,751 |
| Consolidation reserves | (63,830) | (141,620) |
| Retained earnings | 195,393 | 203,601 |
| Actuarial TFR reserve | 59,531 | 51,508 |
| Profit/(loss) for the year | 4,254,579 | 4,124,228 |
| Total Group equity | 33,811,504 | 32,454,084 |
| TOTAL EQUITY | 33,811,504 | 32,454,084 |
| Non-current liabilities | ||
| Long-term borrowings | 6,005,574 | 4,878,892 |
| of which lease liabilities | 1,837,228 | 2,469,024 |
| Non-current derivative financial instruments | 2,145 | - |
| Deferred tax liabilities | 31,876 | 22,491 |
| Post-employment benefits | 405,350 | 437,633 |
| Other non-current liabilities | 581,917 | 630,596 |
| Total non-current liabilities | 7,026,863 | 5,969,611 |
| Current liabilities | ||
| Trade payables and other short-term liabilities | 25,120,796 | 24,105,571 |
| of which lease liabilities | 1,366,022 | 998,180 |
| Current tax liabilities | 2,111,679 | 1,734,793 |
| Short-term borrowings | 2,036,449 | 3,190,560 |
| Total current liabilities | 29,268,925 | 29,030,924 |
| TOTAL LIABILITIES | 70,107,291 | 67,454,618 |
emarketer
The Powerful Whistler Company
MARKETING RESEARCH
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the years ended 31 December 2025 and 31 December 2024
| (amounts in Euro) | 31 December 2025 | 31 December 2024 |
|---|---|---|
| Revenues | 103,218,632 | 96,721,141 |
| Other income and revenue | 997,463 | 790,712 |
| Change in inventories of finished and semi-finished goods | 1,407,451 | 2,286,941 |
| Raw materials, packaging materials and consumables | (32,327,355) | (35,079,567) |
| Change in inventories of raw materials, packaging materials and consumables | (3,101,022) | 1,427,812 |
| Personnel costs | (16,952,286) | (15,617,502) |
| Other operating costs | (43,222,284) | (40,992,625) |
| EBITDA – Gross operating profit | 10,020,598 | 9,536,912 |
| Depreciation and amortisation | (3,768,461) | (3,628,923) |
| Provisions and write-downs | (163,445) | (361,851) |
| EBIT – Operating profit | 6,088,691 | 5,546,138 |
| Financial income | 69,517 | 131,654 |
| Financial expenses | (534,343) | (515,919) |
| Profit/(loss) from foreign exchange transactions | (6,973) | (10,857) |
| Profit before tax | 5,616,893 | 5,151,016 |
| Income taxes for the year, current, deferred and prepaid | (1,362,314) | (1,026,787) |
| NET PROFIT FOR THE YEAR – GROUP | 4,254,579 | 4,124,228 |
| Other comprehensive income | (48,892) | (124,297) |
| Actuarial gains/(losses) on defined benefit plans | 9,200 | 4,907 |
| Change in hedging reserve for derivative instruments | (73,532) | (168,456) |
| Taxes on other components of comprehensive income | 15,440 | 39,252 |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR – GROUP | 4,205,687 | 3,999,931 |
| Diluted earnings per share | 0.239 | 0.232 |
emarketer
e-MAIL: [email protected]
The Powerful Telephone Company
MARKETING & COMMUNICATION
CERTIFIED
GROUP CASH FLOW STATEMENT
For the years ended 31 December 2025 and 31 December 2024 – prepared in accordance with IAS/IFRS
| (amounts in Euro) | 1 Jan–31 Dec 2025 | 1 Jan–31 Dec 2024 |
|---|---|---|
| Profit before tax | 5,616,893 | 5,151,016 |
| Depreciation and amortisation | 3,768,461 | 3,645,578 |
| Finance costs on leased assets | 385,012 | 386,240 |
| TFR movements and IAS 19 adjustment | (32,282) | (118,336) |
| Cash flows generated from operating profit | 9,738,084 | 9,064,497 |
| (Increase) decrease in receivables | (4,247,878) | (2,009,794) |
| (Increase) decrease in inventories | 1,871,369 | (3,408,982) |
| Increase (decrease) in payables | 598,703 | 4,469,450 |
| Increase (decrease) in tax payables | 386,272 | 98,533 |
| Income taxes | (1,362,314) | (1,026,787) |
| Cash flows generated from operating activities | 6,984,237 | 7,186,916 |
| Net investments in property, plant and equipment | (1,876,565) | (2,788,276) |
| of which right-of-use PPE under IFRS 16 | (336,773) | (503,171) |
| Investments in intangible assets | (402,679) | (519,591) |
| (Increase) decrease in financial fixed assets | (8,617) | 167,878 |
| Cash flows generated from investing activities | (2,287,861) | (3,139,989) |
| Change in borrowings | 941,140 | (3,108,566) |
| Repayment of lease liabilities | (985,738) | (914,275) |
| Changes from consolidation/translation area and IAS 8 | 6,726 | 7,055 |
| Change in financial receivables/payables | (53,739) | (168,456) |
| Dividends paid | (2,848,000) | (2,314,000) |
| Cash flows generated from financing activities | (2,939,612) | (6,498,242) |
| Net cash flow generated by operations | 1,756,764 | (2,451,314) |
| Net cash and cash equivalents at beginning of period | 10,050,751 | 12,502,065 |
| Net cash and cash equivalents at end of period | 11,807,515 | 10,050,751 |
MARKET
with storage
CERTIFIED
E
ENERVIT
The Powered Nutrition Company
ENERVIT S.p.A. STATEMENT OF FINANCIAL POSITION
As at 31 December 2025 and 31 December 2024
| ASSETS | 31 December 2025 | 31 December 2024 |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment | ||
| Land | 207,243 | 207,243 |
| Buildings | 2,835,774 | 3,014,459 |
| Plant and machinery | 5,127,209 | 5,225,401 |
| Industrial and commercial equipment | 437,060 | 433,503 |
| Right-of-use assets – PPE (IFRS 16) | 2,843,516 | 3,173,434 |
| Other assets | 260,977 | 185,205 |
| PPE under construction and advances | 574,246 | 1,267,776 |
| Total property, plant and equipment | 12,286,027 | 13,507,021 |
| Intangible assets | ||
| Development costs | 446,210 | 583,469 |
| Patent rights and intellectual property rights | 547,317 | 750,471 |
| Concessions, licences and trademarks | 60,000 | 60,000 |
| Goodwill | 5,616,821 | 5,616,821 |
| Intangible assets under construction and advances | 596,220 | 349,900 |
| Other intangible assets | 3,949 | 6,178 |
| Total intangible assets | 7,270,517 | 7,366,840 |
| Equity investments | 4,727,996 | 4,727,996 |
| Deferred tax assets | 371,346 | 330,539 |
| Other long-term financial receivables | 454,107 | 445,490 |
| Total financial fixed assets | 5,553,449 | 5,504,026 |
| Total non-current assets | 25,109,993 | 26,377,887 |
| Current assets | ||
| Inventories | 11,064,980 | 12,571,997 |
| Trade receivables and other short-term assets | 21,720,890 | 16,885,353 |
| Trade receivables from subsidiaries/associates | 489,235 | 655,817 |
| Current tax assets | 1,552,296 | 1,615,474 |
| Other short-term financial receivables | - | 57,352 |
| Cash and cash equivalents | 11,466,203 | 9,539,977 |
| Total current assets | 46,293,604 | 41,325,969 |
| TOTAL ASSETS | 71,403,597 | 67,703,856 |
MARKET
with economic incentives company
e
ENERVIT S.p.A. STATEMENT OF FINANCIAL POSITION
As at 31 December 2025 and 31 December 2024
| EQUITY AND LIABILITIES | 31 December 2025 | 31 December 2024 |
|---|---|---|
| Equity | ||
| Issued share capital | 4,628,000 | 4,628,000 |
| Share premium reserve | 6,527,962 | 6,527,962 |
| Capital contribution reserve | 46,481 | 46,481 |
| Legal reserve | 2,012,883 | 1,810,216 |
| Extraordinary reserve | 13,710,894 | 12,708,212 |
| Derivative instruments valuation reserve | 44,862 | 100,746 |
| FTA reserve | 2,394,751 | 2,394,751 |
| Actuarial TFR reserve | 59,531 | 51,508 |
| Profit/(loss) for the year | 4,334,191 | 4,053,349 |
| TOTAL EQUITY | 33,759,553 | 32,321,224 |
| Non-current liabilities | ||
| Long-term borrowings | 6,005,574 | 4,878,892 |
| of which lease liabilities | 1,837,228 | 2,469,024 |
| Payables to other lenders | - | - |
| Non-current derivative financial instruments | 2,145 | - |
| Deferred tax liabilities | 1,178 | - |
| Post-employment benefits | 347,303 | 379,800 |
| Other non-current liabilities | 581,917 | 630,596 |
| Total non-current liabilities | 6,938,117 | 5,889,288 |
| Current liabilities | ||
| Trade payables and other short-term liabilities | 24,936,108 | 23,879,796 |
| of which lease liabilities | 1,366,022 | 998,180 |
| Trade payables to subsidiaries/associates | 1,641,220 | 719,286 |
| Current tax liabilities | 2,092,149 | 1,703,702 |
| Short-term borrowings | 2,036,449 | 3,190,560 |
| Payables to other lenders | - | - |
| Total current liabilities | 30,705,927 | 29,493,344 |
| TOTAL LIABILITIES | 71,403,597 | 67,703,856 |
MARKET SOR STORAGE CERTIFIED
ENERVIT THE POWER OF INDIVIDUAL COMPANY
ENERVIT S.p.A. STATEMENT OF COMPREHENSIVE INCOME
For the years ended 31 December 2025 and 31 December 2024
| (amounts in Euro) | 31 December 2025 | 31 December 2024 |
|---|---|---|
| Revenues | 102,880,470 | 95,096,607 |
| Other income and revenue | 962,339 | 894,910 |
| Change in inventories of finished and semi-finished goods | (1,017) | 2,548,782 |
| Raw materials, packaging materials and consumables | (32,532,721) | (35,135,275) |
| Change in inventories of raw materials, packaging materials and consumables | (1,405,794) | 1,427,812 |
| Personnel costs | (16,556,707) | (15,193,206) |
| Other operating costs | (43,429,124) | (40,383,409) |
| EBITDA – Gross operating profit | 9,917,445 | 9,256,221 |
| Depreciation and amortisation | (3,596,561) | (3,456,399) |
| Provisions and write-downs | (153,219) | (340,414) |
| EBIT – Operating profit | 6,167,664 | 5,459,409 |
| Financial income | 69,294 | 131,335 |
| Financial expenses | (534,325) | (515,729) |
| Profit/(loss) from foreign exchange transactions | (4,113) | (10,727) |
| Profit before tax | 5,698,520 | 5,064,288 |
| Income taxes for the year, current, deferred and prepaid | (1,364,330) | (1,010,939) |
| NET PROFIT FROM CONTINUING OPERATIONS | 4,334,191 | 4,053,349 |
| Provision for disposals | ||
| Profit before tax | 4,334,191 | 4,053,349 |
| Taxes on disposal effects | ||
| NET PROFIT FOR THE YEAR | 4,334,191 | 4,053,349 |
| Actuarial gains/(losses) on defined benefit plans | 9,200 | 4,907 |
| Change in hedging reserve for derivative instruments | (73,532) | (168,456) |
| Taxes on other components of comprehensive income | 15,440 | 39,252 |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 4,285,299 | 3,929,052 |
| Earnings per share | 0.24 | 0.23 |
MARKET SOR STORAGE CERTIFIED
ENERVIT THE POWER OF INDIVIDUAL COMPANY
ENERVIT S.p.A. CASH FLOW STATEMENT
For the years ended 31 December 2025 and 31 December 2024 – prepared in accordance with IAS/IFRS
| (amounts in Euro) | 1 Jan–31 Dec 2025 | 1 Jan–31 Dec 2024 |
|---|---|---|
| Profit before tax | 5,698,520 | 5,064,288 |
| Depreciation and amortisation | 3,596,561 | 3,456,399 |
| Write-downs of equity investments | - | - |
| Finance costs on leased assets | 385,012 | 386,240 |
| TFR movements and IAS 19 adjustment | (32,497) | (126,077) |
| Cash flows generated from operating profit | 9,647,597 | 8,780,849 |
| (Increase) decrease in receivables | (4,589,232) | (1,931,225) |
| (Increase) decrease in inventories | 1,507,017 | (3,798,786) |
| Increase (decrease) in payables | 1,561,725 | 4,705,762 |
| Increase (decrease) in tax payables | 389,624 | 144,993 |
| Income taxes | (1,364,330) | (1,010,939) |
| Cash flows generated from operating activities | 7,152,402 | 6,890,655 |
| Net investments in property, plant and equipment | (1,876,565) | (2,779,867) |
| of which right-of-use PPE under IFRS 16 | (336,773) | (503,171) |
| Investments in intangible assets | (402,679) | (511,346) |
| (Increase) decrease in financial fixed assets | (8,617) | 167,878 |
| Cash flows generated from investing activities | (2,287,861) | (3,123,335) |
| Change in borrowings | 941,140 | (3,106,341) |
| Repayment of lease liabilities | (985,738) | (914,275) |
| Change in financial receivables/payables | (53,739) | (168,456) |
| Changes from TFR adjustment | 8,023 | 4,908 |
| Dividends paid | (2,848,000) | (2,314,000) |
| Cash flows generated from financing activities | (2,938,315) | (6,498,164) |
| Net cash flow generated by operations | 1,926,226 | (2,730,845) |
| Net cash and cash equivalents at beginning of period | 9,539,979 | 12,270,823 |
| Net cash and cash equivalents at end of period | 11,466,205 | 9,539,979 |
| Fine Comunicato n.1039-2-2026 | Numero di Pagine: 13 |
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