2025 outlook confirmed, as revised upwards in the first-half results

The Board of Directors of ENAV SpA (Italian Flight Assistance Company), chaired by Alessandra Bruni, today approved the Interim Report on Operations at 30 September 2025.

• En-route and terminal traffic up 5.9% and 3.3%, respectively, in terms of service units compared to the nine months of 2024
• Operating revenues of 889.3 million euro, up 10.6% compared to nine months of 2024
• Consolidated total revenues and EBITDA amounted to €748.4 million and €180.2 million, respectively, while consolidated net profit reached €66.6 million. These figures consider the impact from balance component, amounting to €167.2 million, and the usual effects associated with the first year of the new regulatory period (2025–2029)
• Solid cash generation of €197.6 million, up 51.3% compared with the nine months of 2024
• 2025 outlook confirmed, as revised upwards in the first-half 2025 results.

CEO Pasqualino Monti stated: "With the end of the Summer season —the most critical period for our sector— I can confirm that ENAV’s quality of service remains unmatched in Europe. We are confident that, by year-end, we will obtain the punctuality performance bonus, which, as a prudential perspective, was not included in the targets of the Industrial Plan. In fact, against a target of 0.14 minutes of delay per flight, ENAV has achieved an outstanding result of just 0.014 minutes to date. As previously commented, 2025 shows, for certain economic and financial components, the impact of mechanisms typical of the first year of the new regulatory period (2025–2029). Net of this, all financial indicators are solid and fully in line with the guidance revised upwards in the 2025 first-half results. Our strong cash generation and focus on efficiencies enable us to meet our targets, even in a scenario of potential slowdown in traffic growth".

The integral version of the report (eight pages) is attached to this AVIONEWS.