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Webuild Investor Presentation 2026
4062_rns_2026-03-12_e653e17a-040a-4473-9c2c-b32f9927a9e0.pdf
Investor Presentation
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webuild
Plan outperformed Future secured
Infrastructure improving lives across five continents
Stronger margins. Quality backlog
FY 2025 Results & 2026 Outlook Presentation
March 12, 2026
emarket
for foreign
countries
Agenda
webuild
1 2023 - 2025 PLAN OUTPERFORMED. GROUP STRUCTURALLY STRONGER
2 2025 RESULTS
3 OUTLOOK
4 Q&A
Telephone distribution and commercial use strictly prohibited
emarket for better service
webuild
1 2023 - 2025 PLAN OUTPERFORMED. GROUP STRUCTURALLY STRONGER
PIETRO SALINI
CHIEF EXECUTIVE OFFICER
emarket: sdr sbroge
nssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss
Operational excellence demonstrated on the ground
Key projects delivered in 2023-2025
>45
Strategic infrastructures delivered during the Plan period
Milan Metro Line 4 Italy
Riyadh Metro Line 3 Saudi Arabia
Tallawarra Power Plant Australia
Grand Ethiopian Renaissance Dam Ethiopia
Unionport Bridge USA
Leading position in key markets
$1^{\text{st}}$ in the water sector$^{1}$; $1^{\text{st}}$ in Italy$^{2}$; $3^{\text{rd}}$ in Australia$^{1}$; $6^{\text{th}}$ in Europe$^{1}$
$1^{\text{st}}$ among peers$^{4}$ in Health and Safety
Lost Time Injury Frequency Rate reduced to 2.23 from 2.79 in 2022
Capabilities and supply chain network
95,000 people$^{3}$ and 17,500 suppliers
Sustained investment in talent and training
>13,000 hires per year on average and >3 mln training hours in 2023-25
FY 2025 Results & 2026 Outlook Presentation
1) ENR Report, The TOP 250 - 25 agosto 2025
2) TOP 200 imprese di costruzioni - Guamari 2025
3) Direct and 3rd party employees
4) Based on 2024 published data of main European peers: Lost Time Injuries Frequency Rate related only to direct workforce
webuild
Financial performance well above Plan, with structural margin improvement
emarket: eor storage
OZANING
CENTRAL
+19% Revenue CAGR 2022-2025
Well above the Business Plan target of 10%
€bn
EBITDA doubled versus 2022 baseline
EBITDA margin up to 8.6% from 7.2%
€m
Margins improvement drivers
-
Contract management
More balanced contract structures -
Cost discipline
€200m of overhead and indirect cost savings delivered vs €180m targeted -
Successful Lane turnaround
Breakeven reached at EBITDA level in 2025
FY 2025 Results & 2026 Outlook Presentation
1) FY2022 data have been restated by excluding the results of the joint ventures not controlled by Lane on a proportionate basis
webuild
emarket:
air storage
ozannas
Disciplined financial management underpinning a strong balance sheet
Gross leverage¹ significantly reduced
Down to 2.6x in 2025 vs. 4.3x peers average²
times
Net cash position ahead of Plan
Disciplined execution & working capital management
€m
Strengthened financial fundamentals
-
Upgraded to BB+
Marking a double-notch credit rating improvement -
Strong net cash position
Despite €2.5bn investments to drive future cash generation -
Rigorous working capital management
Reduced timing to cash-in works performed
FY 2025 Results & 2026 Outlook Presentation
1) Gross Debt on EBITDA
2) Based on full-year 2025 results
3) Normalized data. For details please refer to slide 12
webuild
Order intake well above plan with stronger visibility and improved risk profile
emarket: sdr srange
commercial
OZANINKO
+€13bn of order intake above target
>80%¹ of awards with best technical offer
€bn
Costruction backlog above target
Providing greater visibility
€bn
Improved risk profile
-
Focus on developed markets
90% construction backlog in low-risk markets² -
Selective bidding
Structured bid approval & 360* bid review review -
More balanced contract structures
New contract management model, new contract formulas, price revision contained in most contracts in backlog
FY 2025 Results & 2026 Outlook Presentation
1) Referring to 2023-2025. Calculated only on bids with results disclosed by the Client. Private negotiations excluded
2) Including Italy, North America, Europe, Saudi Arabia and Australia
webuild
emonkelt
storlekslag
kommun
- 50
webuild
2 2025 RESULTS
MASSIMO FERRARI
GENERAL MANAGER CORPORATE AND FINANCE
emarket
with storage
in EUROPE
Double-digit revenue growth with margin progression
| (€m) | 2024¹ | 2025 | Var. |
|---|---|---|---|
| Revenues | 11,790 | 13,569 | 1,779 |
| YoY growth | 18% | 15% | |
| EBITDA | 983 | 1,164 | 180 |
| YoY growth | 20% | 18% | |
| EBITDA margin | 8.3% | 8.6% | 24 bps |
| EBIT | 594 | 705 | 111 |
| YoY growth | 25% | 19% | |
| EBIT margin | 5.0% | 5.2% | 30 bps |
| Financial income | 185 | 126 | (59) |
| Financial expenses | (300) | (276) | 24 |
| Net exchange rate gains (losses) | 3 | (73) | (76) |
| Gain (losses) on investments | (49) | (43) | 6 |
| Net financing costs and net gains on investments | (160) | (266) | (106) |
| EBT | 434 | 438 | 5 |
| Income taxes | (181) | (205) | (24) |
| Profit (loss) from discontinued operations | 6 | (12) | (18) |
| Non controlling interests | (11) | 59 | 70 |
| Net Income (loss) | 247 | 280 | 33 |
1 Exceeded the upgraded 2025 guidance
| Revenues | EBITDA |
|---|---|
| €13.6bn | €1,164m |
| > €12.5bn | >€1.1bn |
| (2025 Guidance) | (2025 Guidance) |
2 Lower financial income, mainly reflecting a lower average balance of interest-bearing deposits.
| Financial expenses (€m) | 2024 | 2025 | Var. |
|---|---|---|---|
| Bank charges, commissions and guarantees | (66) | (54) | 12 |
| Bond charges | (106) | (120) | (14) |
| Leasing | (11) | (12) | (1) |
| Other | (117) | (90) | 27 |
| Financial expenses | (300) | (276) | 24 |
4 Net exchange results is impacted by the performance of US Dollar, Saudi Riyal and Ethiopian Birr against the Euro
FY 2025 Results & 2026 Outlook Presentation
1) FY2024 data have been restated by excluding the results of the joint ventures not controlled by Lane on a proportionate basis
webuild
Streamlined cost base
emarket
service
company
CENTRAL
Cost efficiency plan
Reduction of indirect project and corporate costs, through:
- external spending optimization
- shared services
- back-office automation
- branch optimization
- project-specific initiatives
Initiatives implemented exceeding the 2023-25 cumulative savings target
FY 2025 Results & 2026 Outlook Presentation
webuild
Solid net income at €280m
emarket: sdr srange
CENTRE
Net Income
£m
Consistent shareholder remuneration
Total Shareholder Return²
>160%
2026 Dividend Proposal
€0.081 for ordinary shares
€0.260 for saving shares
FY 2025 Results & 2026 Outlook Presentation
1) Net of taxes
2) Total shareholders return for the period January, 1 2023 to December 31 2025
webuild
Net cash above guidance on a normalized basis
emarket
soft storage
www.emarket.com
eem
Strong net cash position maintained
£m
Net cash above guidance on a normalized basis
£m
FY 2025 Results & 2026 Outlook Presentation
1) €869 million related to owned assets and €102 million to leased plant, machinery and equipment
webuild
12
emarket
and storage
CENTRE
Solid balance sheet and continued deleveraging path
| (€m) | 2024 | 2025 | Var. | |
|---|---|---|---|---|
| 1 | Fixed Assets | 3,184 | 3,562 | 378 |
| Inventories | 243 | 302 | 59 | |
| Contract Assets | 4,083 | 4,517 | 433 | |
| Contract Liabilities | (6,317) | (5,619) | 698 | |
| Receivables¹ | 4,208 | 4,247 | 39 | |
| Payables | (5,632) | (5,993) | (360) | |
| Other Current Assets | 1,534 | 1,182 | (352) | |
| Other Current Liabilities | (799) | (764) | 35 | |
| 2 | Net Working Capital | (2,679) | (2,128) | 551 |
| Net Invested Capital | 505 | 1,433 | 929 | |
| Equity attributable to the owners of the parent | 1,713 | 1,675 | (38) | |
| Non-controlling interests | 236 | 122 | (113) | |
| 3 | Net Equity | 1,949 | 1,797 | (152) |
| Net Financial/(Cash) Position | (1,445) | (363) | 1,081 |
1 Increase due to capex plan
2 Reflects the significant increase in production activity as well as the reimbursement of advances on contracts in progress in Italy and abroad
3 Decrease mainly related to losses on non-controlling interests, exchange rate fluctuation, dividends distributed, consolidation area variation
Gross Leverage²
Gross Debt
FY 2025 Results & 2026 Outlook Presentation
1) This item shows assets classified in net cash position, related to the Group's net amounts due from/to SPEs. For details please refer to slide 37
2) Gross Debt on EBITDA
webuild
errr
Strong liquidity position with well-staggered debt maturities through 2031
M/L corporate debt maturities
£m
Rating upgrade at BB+ with Stable outlook
Key facts
| €3.4bn | €450m | 3.4 years | 5.1% | 7% variable
93% fixed |
| --- | --- | --- | --- | --- |
| Liquidity¹ | Bonds issued for existing debt refinancing | Debt duration | Average cost of debt | Debt rate composition |
FY 2025 Results & 2026 Outlook Presentation
1) Including €2.4bn cash & cash equivalent and €942m undrawn RCF lines
webuild
e13.2bn orders secured in 2025 and €1.8bn¹ awards in 2026
emarket
of
Europe
A
2025 order intake: >90% in low-risk countries²
£13.2bn
Total Order Intake
Maintained a strict, selective approach to bidding
>80% awards with best technical offer in 2023-2025³
FY 2025 Results & 2026 Outlook Presentation
1) Including projects for which Webuild is the best bidder, amounting for €1.1bn
2) Including Italy, North America, Europe, Middle East and Australia
3) Calculated only on bids with results disclosed by the Client. Private negotiations excluded
webuild
emarket
and storage
of America
Construction backlog at €51bn, among the highest of the industry
FY 2025 Results & 2026 Outlook Presentation
1) Including €50.9 billion for construction and €7.5 billion for concessions, operation, and maintenance
2) United Nations' Sustainable Development Goals to be achieved by 2030
3) Including Italy, North America, Europe, Saudi Arabia and Australia
webuild
emarket
edr storage
0000000
webuild
3 OUTLOOK
PIETRO SALINI
CHIEF EXECUTIVE OFFICER
emarket
ofr storage
OZANINSKI
We built significant scale, creating one of Italy's largest industrial groups
Now building on this platform
Revenues¹
Each year the revenues increased the equivalent scale of an ENR Top 50 European firm
FY 2025 Results & 2026 Outlook Presentation 1) Data have been restated by excluding the results of the joint ventures not controlled by Lane on a proportionate basis
webuild
emarket
and storage
in
Global megatrends continue to support infrastructure investments
Global megatrends
Webuild's offering
| Climate change | Railway & Metro
Transport network | Port & Sea work | €38.9bn Construction backlog
in Sustainable Mobility |
| --- | --- | --- | --- |
| Water scarcity | Desalination Plant
Water & Wastewater Plant | | €3.2bn Construction backlog
in Clean Water |
| Energy transition | Hydroelectric Plant | | €5.9bn Construction backlog
in Clean Hydro Energy |
| Urbanization | Green building
Stadium | Airport
Hospital | |
| Defence spending | Military building
Dual use transport infrastructure | | €2.9bn Construction backlog
in Green Buildings
& Others |
| Digital and AI revolution | Data Center | | |
FY 2025 Results & 2026 Outlook Presentation
webuild
19
emarket
with storage
commons
Solid commercial activity at €91bn, with over €19bn of tenders awaiting an outcome
Main areas:
FY 2025 Results & 2026 Outlook Presentation
website
20
Global footprint, scale, industrial visibility, margins and cash focus underpinning the 2026 outlook
emarket
service
company
of
| | 2022
BP baseline | 2025 | 2026
directional guidance | 2026 Drivers |
| --- | --- | --- | --- | --- |
| Revenues^{1} | €8.1bn | €13.6bn | In line with the record levels reached in 2025 | |
| EBITDA^{1}
margin | €583m
7.2% | €1.16bn
8.6% | Continued actions to improve margins | 1 Global footprint and scale
• That enables flexibility and resilience to local shocks |
| Net Cash Position | €265m | €363m | Maintain net cash position | 2 Industrial visibility
• Record backlog covering 100% of revenues
• Active sites in ME are located exclusively in Saudi Arabia, where operations continue safe and regularly |
However, any material deterioration in the geopolitical context, the introduction of additional trade barriers, or higher volatility in financial markets and interest rates could affect the macroeconomic scenario and the Group's activity trend.
FY 2025 Results & 2026 Outlook Presentation
1) FY2022 data have been restated by excluding the results of the joint ventures not controlled by Lane on a proportionate basis
webuild
Teleportes distribution and commercial use strictly prohibited
emarket
the europe
commie
webuild
4 D Q&A
PIETRO SALINI
CHIEF EXECUTIVE OFFICER
MASSIMO FERRARI
GENERAL MANAGER CORPORATE AND FINANCE
Tyszkorna distribution and commercial use directly prohibited
emorket
our energy
economy
webuild
APPENDIX
emarket
Fair storage
in
Germany
Global leader in large-scale, complex civil infrastructure
Sustainable Mobility
→ Metros
→ High Speed Railways
→ Railways
→ Roads & Motorways
→ Bridges & Viaducts
→ Ports & Sea works
Clean Hydro Energy
→ Hydroelectric Dams & Plants
→ Pumped Storage
Clean Water
→ Desalination & Water Treatment
→ Wastewater Management Plants
→ Hydraulic works
→ Irrigation dams
Green Buildings & Other
→ Civil and Industrial Buildings
→ Stadiums
→ Hospitals
→ Airports
→ Energy Transition Projects
FY 2025 Results & 2026 Outlook Presentation
webuild
emarket
ofr storage
CENTRE
Our track record
>3,700
82,708 km
Completed projects
Roads and motorways
13,686 km
895 km
Railways
Metros
3,466 km
1,023 km
Tunnels
Bridges and viaducts
320
58,809 MW
Dams and hydroelectric plants
Installed capacity
FY 2025 Results & 2026 Outlook Presentation
webuild
25
emarket
with storage
www.ecem.net
ecem
Highly skilled, committed people are the foundation of our success
Total employees¹
13,800
Average hiring per year²
Proven capacity to attract talent & manage labor shortage
>125
Nationalities
The power of diversity
37%
Employees under 35
Young and agile structure in an evolving world
>1.2mln
Training Hours in 2025¹
Investing in knowledge to unlock potential
FY 2025 Results & 2026 Outlook Presentation
1) Related to direct and 3rd party employees
2) In 2021-2025
webuild
26
emarket
and storage
azermas
A global player completely transformed since the beginning of our journey
Webuild in 2012
Revenues by geography
Webuild Today
Revenues by geography
FY 2025 Results & 2026 Outlook Presentation
1) Impregilo stand-alone
webuild
Building a better future: internationally recognized excellence
emarket: sdr srange
Main projects delivered
>350
Projects delivered since 2012
Milan Metro M4 Italy
Thessaloniki Metro Greece
Riyadh Metro Line 3 Saudi Arabia
GERD Dam Ethiopia
San Giorgio Bridge - Italy
Eni Headquarters - Italy
Poinciana Highway - USA
Panama Canal - Panama
Cityringen Metro - Denmark
Al Bayt Stadium - Qatar
Long Beach International Gateway - USA
Forrestfield Airport Link - Australia
Rising to the top: leading the charts
1 Global leader in water sector¹
1 Italian contractor²
Top 3 International player in Australia¹
Top 10 Player in transportation¹
Top 10 European player¹
FY 2025 Results & 2026 Outlook Presentation
1) ENR Report, The TOP 250, 25 August 2025
2) TOP 200 Imprese di costruzioni – Guamari 2025
webuild
emarket: edr storage
CENTRAL
Significant progress achieved in 2025 on key projects in Italy and abroad
The first section of the North East Link excavation has been completed Australia
Completed first tunnel of Brenner Base Tunnel Italy/Austria
Opened two archeo-stations with 3 new km for Line C of Rome Metro Italy
Delivered lot 2 of Riachuelo System, Latin America's largest wastewater treatment plant Argentina
First section of Palermo–Catania HC railway line inaugurated Italy
$15^{\text{th}}$ caisson installed and $>50,000$ gravel columns completed on New Genoa Breakwater Italy
FY 2025 Results & 2026 Outlook Presentation
webuild
29
>90% of revenues generated in low-risk countries
emarket
e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail: e-mail
Revenues by geography
Revenues in FY 2024
Revenues in FY 2025
Top 10 projects revenues share
56%
Revenues by activity
FY 2025 Results & 2026 Outlook Presentation
1) Including Italy, North America, Europe, Saudi Arabia and Australia
webuild
emarket
and storage
azerrino
Italian market beyond PNRR¹ with investment trend to remain strong
Our main projects in the country
- HS/HC rail Milan-Genoa
- New Genoa Breakwater
- Pedemontana Piemontese
- Pedemontana Lombarda
- Trento rail bypass
- Fortezza-Ponte Gardena railway
- HS/HC rail Verona-Padova
- Roma Metro C
- Napoli Metro line 10
- HS/HC rail Napoli-Bari, 4 lots
- HS/HC rail Salerno-Reggio Calabria, 2 lots
- Jonica highway, 2 lots
- HC rail Palermo-Catania, 7 lots
Opportunities on the horizon and recent project awards
- Messina strait bridge
- metros & high-speed railways
- hydroelectric and water
- roads & highways
- stadiums
- hospitals
Jonica highway
Roma Metro C
Napoli Metro line 10
FY 2025 Results & 2026 Outlook Presentation
1) Italian Recovery Plan: Piano Nazionale di Ripresa e Resilienza
webuild
emarket
ofr storage
CENTRE
Compelling growth story
FY 2025 Results & 2026 Outlook Presentation
1) Data have been restated by excluding the results of the joint ventures not controlled by Lane on a proportionate basis
webuild
emarket: edr storage
SUSTAINABLE
CENTERS
Sustainability as responsibility: our ESG pledge and framework
Confirmed Sustainability Leader
Sustainability achievements and targets
| 1 Green builders | Actual | Target | Achieved |
|---|---|---|---|
| GHG Emission Intensity Scope 1&2³ (2025 vs 2022) | -33% | -10% | 😊 |
| 2 Safe and inclusive builders | |||
| Lost Time Injury Frequency Rate⁴ (2025 vs 2022) | -20% | -6% | 😊 |
| Women manager (by 2025) | +27% | +20% | 😊 |
| 3 Innovative and smart builders | |||
| Investments in high innovative and clean techs (2024-2025) | €586m | €430m | 😊 |
FY 2025 Results & 2026 Outlook Presentation
1) For further information refer to the LINK
3) tCO2 scope 1-2/€m revenue. Scope1: direct emissions. Scope2: indirect emissions
2) Among Italian companies
4) Lost Time Injuries occurred per 1,000,000 worked-manhours
webuild
emarket
service
company
CENTRAL
We invest in innovation for sustainable growth
Machine learning to predict costs and timelines
Robotic process automation
e.g. procurement, administration
Predictive asset maintenance
Smart Site: AI, IoT and Drones
For efficient and safer construction sites
Innovative construction materials
Roboplant
Robotic precast concrete segment factories
FY 2025 Results & 2026 Outlook Presentation
webuild
34
emarket
with storage
resources
azimes
Proven capacity to beat targets, despite global challenges
| Actual figures vs guidance | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Average Book-to-Bill | 1.7x | 2.0x | 2.2x | 1.1x | 1.0x |
| Guidance^{1} | >1.0x | >1.0x | >1.1x | >1.0x | >1.0x |
| Revenues^{2} | €6.6bn | €8.1bn | €9.9bn | €11.8bn | €13.6bn |
| Guidance | €6.5-7.2bn | €7.0-7.5bn | €9.0-9.5bn | >€11bn | >€12.5bn |
| EBITDA^{2} | 6.8% | 7.2% | €818m | €983m | €1,164m |
| Guidance | slightly decrease vs 8% | 7.0-7.5% | €720-760m | >€900m | >€1,100m |
| Net Cash Position | €467m | €265m | €1,431m | €1,445m | €363m |
| Guidance | (€500-300) net debt | maintain net cash | maintain net cash | >€400m | >€700m |
FY 2025 Results & 2026 Outlook Presentation
1) For each year from 2021 to 2023, based on a rolling 3-year average
2) Data have been restated by excluding the results of the joint ventures not controlled by Lane on a proportionate basis
webuild
enorket
air storage
OCEANING
Income Statement
Webuild Group
Reclassified statement of profit or loss adjusted
| (€/000) | FY 2024 Adjusted | FY 2025 Adjusted | ||||||
|---|---|---|---|---|---|---|---|---|
| Webuild Group | Amortisation of intangible assets as part of Astaldi's PPA | Amortisation of intangible assets as part of Clough's PPA | Adjusted (*) | Webuild Group | Amortisation of intangible assets as part of Astaldi's PPA | Amortisation of intangible assets as part of Clough's PPA | Adjusted | |
| Total Revenues | 11,790,490 | - | - | 11,790,490 | 13,569,442 | - | - | 13,569,442 |
| Total operating expenses | (10,807,006) | - | - | (10,807,006) | (12,401,242) | - | - | (12,401,242) |
| Gross operating profit (EBITDA) | 983,483 | - | - | 983,483 | 1,163,909 | - | - | 1,163,909 |
| EBITDA % | 8.3% | 8.3% | 8.6% | 8.6% | ||||
| Impairment losses | (53,303) | - | - | (53,303) | (13,987) | - | - | (13,987) |
| Provisions, amortisation and depreciation | (407,594) | 46,835 | 24,567 | (336,192) | (501,162) | 23,389 | 32,523 | (445,250) |
| Operating profit (loss) (EBIT) | 522,586 | 46,835 | 24,567 | 593,989 | 648,760 | 23,389 | 32,523 | 704,672 |
| R.o.S. % | 4.4% | 5.0% | 4.8% | 5.2% | ||||
| Financial income | 184,976 | - | - | 184,976 | 125,931 | - | - | 125,931 |
| Financial expenses | (299,763) | - | - | (299,763) | (276,173) | - | - | (276,173) |
| Net exchange gains (losses) | 3,176 | - | - | 3,176 | (73,216) | - | - | (73,216) |
| Net financing income (costs) | (111,611) | - | - | (111,611) | (223,458) | - | - | (223,458) |
| Net gains (losses) on equity investments | (48,834) | - | - | (48,834) | (42,932) | - | - | (42,932) |
| Net financing income (costs) and net gains (losses) on equity investments | (160,445) | - | - | (160,445) | (266,390) | - | - | (266,390) |
| Profit (loss) before taxes (EBT) | 362,141 | 46,835 | 24,567 | 433,544 | 382,370 | 23,389 | 32,523 | 438,283 |
| Income taxes | (162,608) | (11,241) | (7,370) | (181,219) | (189,662) | (5,613) | (9,757) | (205,032) |
| Profit (loss) from continuing operations | 199,533 | 35,595 | 17,197 | 252,325 | 192,708 | 17,776 | 22,766 | 233,250 |
| Profit (loss) from discontinued operations | 5,856 | - | - | 5,856 | (11,787) | - | - | (11,787) |
| Non-controlling interests | (10,913) | - | - | (10,913) | 58,926 | - | - | 58,926 |
| Profit (loss) for the period attributable to the owners of the parent | 194,477 | 35,595 | 17,197 | 247,268 | 239,847 | 17,776 | 22,766 | 280,389 |
FY 2025 Results & 2026 Outlook Presentation
(*) The adjusted figures for the 2024 have been restated excluding the effects deriving from the proportional representation, for management purposes, of the results of joint ventures not controlled by the Lane Group
webuild
Statement of Financial Position
emarket
soft storage
azermas
Webuild Group
Reclassified statement of financial position
| (€/000) | 31 December 2024 | 31 December 2025 |
|---|---|---|
| Non-current assets | 2,744,670 | 3,166,545 |
| Goodwill | 84,891 | 75,937 |
| Non-current assets (liabilities) held for sale | (20,928) | 2,753 |
| Provisions for risks | (118,367) | (125,155) |
| Post-employment benefits and employee benefits | (78,049) | (83,599) |
| Net tax assets | 571,611 | 525,248 |
| Fixed capital | 3,183,828 | 3,561,728 |
| Inventories | 242,711 | 302,071 |
| Contract assets | 4,083,495 | 4,516,719 |
| Contract liabilities | (6,316,595) | (5,618,770) |
| Receivables (**) | 4,208,157 | 4,246,807 |
| Liabilities | (5,632,161) | (5,992,655) |
| Other current assets | 1,534,460 | 1,182,242 |
| Other current liabilities | (799,186) | (764,224) |
| Working capital | (2,679,118) | (2,127,809) |
| Net invested capital | 504,710 | 1,433,919 |
| Equity attributable to the owners of the parent | 1,713,415 | 1,674,946 |
| Non-controlling interests | 235,927 | 122,435 |
| Equity | 1,949,342 | 1,797,381 |
| Net financial position | (1,444,631) | (363,462) |
| Total financial resources | 504,710 | 1,433,919 |
FY 2025 Results & 2026 Outlook Presentation
(**) Assets of € 8.0 million (€ 4.8 million as at 31 December 2024) classified, in the management view, in net Net financial position with unconsolidated SPEs.
webuild
Net Financial Position
emarket
safe storage
commons
Webuild Group
Net financial indebtedness
| (€/000) | 31 December 2024 | 31 December 2025 |
|---|---|---|
| Non-current financial assets | 304,284 | 217,459 |
| Current financial assets | 865,385 | 759,195 |
| Cash and cash equivalents | 3,214,830 | 2,444,680 |
| Total cash and cash equivalents and other financial assets | 4,384,500 | 3,421,333 |
| Bank and other loans and borrowings | (137,824) | (133,504) |
| Bonds | (1,892,200) | (2,125,806) |
| Lease liabilities | (111,462) | (94,666) |
| Total non-current indebtedness | (2,141,486) | (2,353,976) |
| Current portion of bank loans and borrowings and current account facilities | (486,107) | (484,172) |
| Current portion of bonds | (218,691) | (131,389) |
| Current portion of lease liabilities | (94,129) | (98,503) |
| Total current indebtedness | (798,928) | (714,063) |
| Total other financial assets (liabilities) | 545 | 10,168 |
| Net financial position - continuing operations | 1,444,631 | 363,462 |
| Net financial position - discontinued operations | 7,658 | - |
| Net financial position including discontinued operations | 1,452,289 | 363,462 |
| Total gross indebtedness | (2,944,649) | (3,068,039) |
FY 2025 Results & 2026 Outlook Presentation
webuild
Safe Harbour
emarket
safe storage
azemmas
This presentation may contain forward-looking objectives and statements about Webuild's financial situation, operating results, business activities and expansion strategy.
These objectives and statements are based on assumptions that are dependent upon significant risk and uncertainty factors that may prove to be inexact. The information is valid only at the time of writing and Webuild does not assume any obligation to update or revise the objectives on the basis of new information or future or other events, subject to applicable regulations.
Additional information on the factors that could have an impact on Webuild's financial results is contained in the documents filed by the Group with the Italian Securities Regulator and available on the Group's website at
www.webuildgroup.com
or upon request from Webuild head office.
FY 2025 Results & 2026 Outlook Presentation
webuild
39
emorket
sehr ebensog
NORMHEI
webuild