Annual Report 2025

Individual income statement by functions

For the years ended 31 December 2025 and 2024

Individual income statement by functions

Euro thousand

 

Notes

 

2025

 

2024

Services rendered

 

27

 

65,946

 

45,467

Costs of services rendered

 

3

 

(44,696)

 

(40,211)

Gross profit

 

 

 

21,250

 

5,256

Administrative costs

 

3

 

(32,541)

 

(37,572)

Other operating profits/losses

 

3

 

(101,371)

 

(71,948)

Operating profit

 

 

 

(112,662)

 

(104,264)

Net financial costs

 

5

 

5,495

 

5,174

Gains (losses) in subsidiaries

 

7

 

723,476

 

801,381

Gains (losses) in other investments

 

8

 

234

 

225

Profit before taxes

 

 

 

616,543

 

702,516

Income tax

 

6.1

 

3,313

 

2,699

Net profit (loss)

 

 

 

619,856

 

705,215

Basic and diluted earnings per share – euros

 

19

 

0.9864

 

1.1222

To be read with the attached notes to the individual financial statements.

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