Financials Banca Mediolanum S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 16:45:00 07/07/2025 BST			5-day change	1st Jan Change
14.50 ^EUR	+1.54%		-0.55%	+26.20%

07-07	Mib Surpasses 39,900; Buzzi and Iveco Lead the Charge	AN
07-07	Banca Mediolanum, deposits rise to EUR 6.1 billion in the first half	AN

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,755	2,036	2,208	1,782	3,203	2,099	2,173	2,275
Change	-	16%	8.43%	-19.29%	79.77%	-34.46%	3.52%	4.67%
EBITDA ¹	595.8	1,343	1,502	1,077	2,362	1,208	1,247	1,255
Change	-	125.34%	11.84%	-28.25%	119.26%	-48.87%	3.26%	0.64%
EBIT ¹	559.1	1,304	1,461	1,032	2,320	1,206	1,227	1,270
Change	-	133.16%	12.05%	-29.36%	124.87%	-48.04%	1.74%	3.53%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	531.4	890.5	661.6	1,067	1,455	1,216	1,224	1,260
Change	-	67.57%	-25.7%	61.3%	36.34%	-16.44%	0.66%	2.94%
Net income ¹	434.5	713.1	521.8	821.9	1,120	898.7	922.6	952
Change	-	64.11%	-26.82%	57.51%	36.23%	-19.73%	2.66%	3.19%
Announcement Date	11/02/21	10/02/22	08/02/23	08/02/24	06/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	417.3	440	-	415.9	440.3	508.6	541.7	460.2	533.4	525	618.7	588.1	607	620.2	471	778	701.3	750	828.2	496.2	541
Change	-	5.44%	-	-	5.88%	15.51%	6.51%	-15.05%	15.91%	-1.58%	17.86%	-4.95%	3.21%	2.18%	-24.06%	65.18%	-9.86%	6.94%	10.43%	-40.09%	9.03%
EBITDA	-	-	-	-	-	143.8	1,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	676.49%	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	125.3	124.7	134.3	1,106	143.5	167.6	186.8	407.7	237.7	367.7	-	264.2	-	-	-	-	303.1	323
Change	-	-	-	-	-0.47%	7.7%	723.81%	-87.03%	16.79%	11.45%	118.28%	-41.7%	54.71%	-	-	-	-	-	-	-	6.57%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	97.24	123.1	223.4	174.6	174.8	130.3	410.8	143.6	154.3	169.7	194	235.4	241.6	275	315.1	297.5	298	302.3	557	330	296
Change	-	26.58%	81.51%	-21.86%	0.14%	-25.46%	215.25%	-65.04%	7.45%	9.95%	14.35%	21.34%	2.65%	13.82%	14.56%	-5.57%	0.16%	1.43%	84.25%	-40.75%	-10.3%
Net income ¹	78.26	99.35	184.6	133.4	135.4	97.2	337.2	114.3	123.6	133.6	150.3	178.3	185	208.8	249.7	220.5	229.4	224.4	445.3	243.3	222
Change	-	26.95%	85.81%	-27.75%	1.52%	-28.21%	246.87%	-66.1%	8.14%	8.13%	12.46%	18.61%	3.8%	12.86%	19.57%	-11.69%	4.03%	-2.18%	98.44%	-45.36%	-8.75%
Announcement Date	29/07/20	10/11/20	11/02/21	11/05/21	29/07/21	10/11/21	10/02/22	10/05/22	03/08/22	09/11/22	08/02/23	10/05/23	01/08/23	09/11/23	08/02/24	09/05/24	01/08/24	07/11/24	06/02/25	02/05/25	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1
Net sales	-	-	-	-
Change	-	-	-	-
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT	-	-	-	-
Change	-	-	-	-
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT) ¹	349.3	297.9	477	595.6
Change	-	-14.73%	60.16%	24.85%
Net income ¹	268.7	237.9	363.3	449.9
Change	-	-11.48%	52.75%	23.83%
Announcement Date	29/07/21	03/08/22	01/08/23	01/08/24

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-982	409	-1,681	1,310	347	40,580	42,592	-
Change	-	141.65%	-511%	177.93%	-73.51%	11,607.28%	4.96%	-
Announcement Date	11/02/21	10/02/22	08/02/23	08/02/24	06/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	42.76	60.81	59.48	52.27	56.48	47.03	47.67	48.32
Change	-	42.2%	-2.18%	-12.13%	8.05%	-16.73%	1.36%	1.37%
Free Cash Flow (FCF) ¹	-	848.5	2,236	-1,806	-	872	877	903
Change	-	-	163.52%	-180.78%	-	-	0.57%	2.96%
Announcement Date	11/02/21	10/02/22	08/02/23	08/02/24	06/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	33.95%	65.94%	68.01%	60.46%	73.75%	57.52%	57.38%	55.18%
EBIT Margin (%)	31.86%	64.03%	66.16%	57.91%	72.44%	57.43%	56.44%	55.83%
EBT Margin (%)	30.28%	43.74%	29.97%	59.89%	45.42%	57.91%	56.31%	55.38%
Net margin (%)	24.76%	35.02%	23.64%	46.12%	34.95%	42.81%	42.45%	41.85%
FCF margin (%)	-	41.67%	101.28%	-101.37%	-	41.53%	40.35%	39.7%
FCF / Net Income (%)	-	118.99%	428.51%	-219.78%	-	97.03%	95.06%	94.85%
Profitability
ROA	-	-	0.71%	1.08%	1.37%	0.99%	1.03%	1.1%
ROE	17.1%	25.37%	17.9%	25.7%	29.93%	21.93%	20.48%	19.8%
Financial Health
Leverage (Debt/EBITDA)	-	0.3x	-	1.22x	0.15x	33.6x	34.15x	-
Debt / Free cash flow	-	0.48x	-	-0.73x	-	46.54x	48.57x	-
Capital Intensity
CAPEX / Current Assets (%)	2.44%	2.99%	2.69%	2.93%	1.76%	2.24%	2.19%	2.12%
CAPEX / EBITDA (%)	7.18%	4.53%	3.96%	4.85%	2.39%	3.89%	3.82%	3.85%
CAPEX / FCF (%)	-	7.17%	2.66%	-2.89%	-	5.39%	5.44%	5.35%
Items per share
Cash flow per share ¹	-0.0095	1.231	3.084	-2.358	1.542	7.016	-	-
Change	-	13,058.95%	150.54%	-176.46%	165.37%	355.06%	-	-
Dividend per Share ¹	0.78	0.46	0.5	0.7	0.75	0.7898	0.8228	0.8562
Change	-	-41.03%	8.7%	40%	7.14%	5.3%	4.18%	4.07%
Book Value Per Share ¹	3.726	3.915	3.977	4.661	5.459	5.762	6.179	6.591
Change	-	5.06%	1.59%	17.22%	17.12%	5.55%	7.24%	6.66%
EPS ¹	0.5911	0.965	0.701	1.105	1.498	1.228	1.236	1.287
Change	-	63.25%	-27.36%	57.63%	35.57%	-18%	0.6%	4.18%
Nbr of stocks (in thousands)	734,369	736,438	738,063	741,125	737,378	737,532	737,532	737,532
Announcement Date	11/02/21	10/02/22	08/02/23	08/02/24	06/02/25	-	-	-