Income Statement Autostrade Meridionali S.p.A.

Stocks

AUTME

IT0000084043

Highways & Rail Tracks

Market Closed - Borsa Italiana Other stock markets 11:45:00 2026-07-06 EDT			5-day change	1st Jan Change
2.640 ^EUR	0.00%		-0.75%	-5.71%

03-24	Autostrade Meridionali S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
02-27	Autostrade Meridionali FY net loss EUR 0.5 mln	RE

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Published financial data: AUTOSTRADE MERIDIONALI S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	90.06M	19.68M	-	-	-
Gain (Loss) on Sale of Assets, Total (Rev)	-	1.54M	-	-	-
Other Revenues, Total	2.72M	12.76M	6.69M	2.06M	944K
Total Revenues	92.77M	33.98M	6.69M	2.06M	944K
Cost of Goods Sold, Total	60.99M	19.86M	2.35M	1.99M	1.42M
Gross Profit	31.78M	14.12M	4.34M	65K	-474K
Depreciation & Amortization - (IS)	616K	132K	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	48K	48K	17K	-	-
Other Operating Expenses	2.1M	-9.35M	1.47M	283K	-20K
Other Operating Expenses, Total	2.76M	-9.17M	1.49M	283K	-20K
Operating Income	29.02M	23.29M	2.85M	-218K	-454K
Interest Expense, Total	-5.11M	-1.28M	-168K	-29K	-2K
Interest And Investment Income	262K	412K	698K	733K	216K
Net Interest Expenses	-4.85M	-865K	530K	704K	214K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	24.17M	22.42M	3.38M	486K	-240K
Gain (Loss) On Sale Of Assets	-	-173K	-	-	-
Asset Writedown	-	-254K	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	24.17M	22M	3.38M	486K	-240K
Income Tax Expense	8.15M	6.16M	1.93M	149K	219K
Earnings From Continuing Operations	16.02M	15.84M	1.45M	337K	-459K
Net Income to Company	16.02M	15.84M	1.45M	337K	-459K
Net Income - (IS)	16.02M	15.84M	1.45M	337K	-459K
Net Income to Common Incl Extra Items	16.02M	15.84M	1.45M	337K	-459K
Net Income to Common Excl. Extra Items	16.02M	15.84M	1.45M	337K	-459K
Per Share Items
Net EPS - Basic	3.66	3.62	0.33	0.08	-0.1
Basic EPS - Continuing Operations	3.66	3.62	0.33	0.08	-0.1
Basic Weighted Average Shares Outstanding	4.38M	4.38M	4.38M	4.38M	4.38M
Net EPS - Diluted	3.66	3.62	0.33	0.08	-0.1
Diluted EPS - Continuing Operations	3.66	3.62	0.33	0.08	-0.1
Diluted Weighted Average Shares Outstanding	4.38M	4.38M	4.38M	4.38M	4.38M
Normalized Basic EPS	3.45	3.2	0.48	0.07	-0.03
Normalized Diluted EPS	3.45	3.2	0.48	0.07	-0.03
Dividend Per Share	1.8	3.5	0.33	-	-
Payout Ratio	13.57	927.76	1.05K	9.28K	-
Supplemental Items
EBITDA	29.68M	23.47M	2.87M	-201K	-
EBITA	29.07M	23.34M	2.87M	-218K	-454K
EBIT	29.02M	23.29M	2.85M	-218K	-454K
EBITDAR	30.09M	23.6M	2.87M	-194K	-
Total Revenues (As Reported)	92.77M	33.98M	6.69M	2.06M	944K
Effective Tax Rate - (Ratio)	33.7	28	57.07	30.66	-91.25
Total Current Taxes	7.79M	1.28M	1.75M	255K	-201K
Total Deferred Taxes	354K	4.88M	178K	-106K	420K
Normalized Net Income	15.11M	14.02M	2.11M	304K	-150K
Supplemental Operating Expense Items
Net Rental Expense, Total	411K	126K	4K	7K	11K
Imputed Operating Lease Interest Expense	68.64K	10.46K	4.88K	1.32K	137
Imputed Operating Lease Depreciation	342K	116K	-881	5.68K	10.86K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	18.37M	25.66M	29.23M	7.85M	22.48M
Total Cash And Short Term Investments	18.37M	25.66M	29.23M	7.85M	22.48M
Accounts Receivable, Total	17.62M	2.28M	232K	156K	186K
Other Receivables	11.31M	581K	400K	686K	604K
Notes Receivable	443K	-	-	-	-
Total Receivables	29.37M	2.86M	632K	842K	790K
Inventory	489K	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	450M	62.52M	27.73M	18.28M	2.03M
Total Current Assets	498M	91.04M	57.59M	26.97M	25.3M
Gross Property Plant And Equipment	-	419K	345K	-	-
Accumulated Depreciation	-	-74K	-	-	-
Net Property Plant And Equipment	2.87M	345K	345K	-	-
Long-term Investments	1K	-	-	-	-
Other Intangibles, Total	64K	17K	0	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	6.38M	1.5M	1.33M	1.43M	1.01M
Other Long-Term Assets, Total	75K	29K	285K	-	-
Total Assets	507M	92.94M	59.55M	28.4M	26.32M
Liabilities
Accounts Payable, Total	31.91M	22M	2.59M	2.25M	1.38M
Accrued Expenses, Total	11.15M	606K	170K	420K	595K
Short-term Borrowings	245M	1.07M	1.13M	1.32M	1.25M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	7.09M	-	47K	-	-
Other Current Liabilities	2.23M	1.3M	1.42M	6.16M	5.29M
Total Current Liabilities	298M	24.98M	5.36M	10.15M	8.52M
Other Non Current Liabilities	14.36M	4.72M	4.82M	-	1K
Total Liabilities	312M	29.7M	10.17M	10.15M	8.52M
Common Stock, Total	9.06M	9.06M	9.06M	9.06M	9.06M
Retained Earnings	181M	49.24M	35.38M	4.26M	3.8M
Comprehensive Income and Other	4.94M	4.94M	4.94M	4.94M	4.94M
Total Common Equity	195M	63.24M	49.38M	18.26M	17.8M
Total Equity	195M	63.24M	49.38M	18.26M	17.8M
Total Liabilities And Equity	507M	92.94M	59.55M	28.4M	26.32M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.38M	4.38M	4.38M	4.38M	4.38M
ECS Total Common Shares Outstanding	4.38M	4.38M	4.38M	4.38M	4.38M
Book Value / Share	44.63	14.45	11.29	4.17	4.07
Tangible Book Value	195M	63.22M	49.38M	18.26M	17.8M
Tangible Book Value Per Share	44.62	14.45	11.29	4.17	4.07
Total Debt	245M	1.07M	1.13M	1.32M	1.25M
Net Debt	227M	-24.59M	-28.1M	-6.53M	-21.23M
Debt Equivalent Oper. Leases	3.29M	1.01M	32K	56K	88K
Account Code - Inventory Valuation	6	6	3	3	3
Inventories - Raw Materials, Total	489K	-	-	-	-
Land - (BS)	-	345K	345K	-	-
Buildings, Total	-	74K	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	273	73.22	0.83	1	3
Part Time Employees	31	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	5.46M	5.95M	890K	851K	586K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	16.02M	15.84M	1.45M	337K	-459K
Depreciation & Amortization - CF	616K	132K	-	-	-
Amortization of Goodwill and Intangible Assets - (CF)	48K	48K	17K	-	-
Depreciation & Amortization, Total	664K	180K	17K	-	-
Asset Writedown & Restructuring Costs	104K	-662K	144K	-87K	25K
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-5.68M	-17.26M	-5.65M	-350K	-412K
Change in Other Net Operating Assets	5.34M	-21.38M	-3.76M	-41K	-775K
Cash from Operations	16.46M	-23.28M	-7.8M	-141K	-1.62M
Capital Expenditure	-316K	-	-	-	-
Sale of Property, Plant, and Equipment	-	2.92M	-	-	-
Sale (Purchase) of Intangible assets	-50K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-2.64M	-	-	-	-
Cash from Investing	-3M	2.92M	-	-	-
Long-Term Debt Issued, Total	541K	-	-	-	-
Total Debt Issued	541K	-	-	-	-
Long-Term Debt Repaid, Total	-	-245M	-60K	-	-69K
Total Debt Repaid	-	-245M	-60K	-	-69K
Issuance of Common Stock	-	-	-	-	1K
Common Dividends Paid	-2.17M	-147M	-15.19M	-31.27M	-
Common & Preferred Stock Dividends Paid	-2.17M	-147M	-15.19M	-31.27M	-
Other Financing Activities, Total	2.2M	420M	26.62M	10.03M	16.32M
Cash from Financing	572K	27.66M	11.37M	-21.23M	16.25M
Net Change in Cash	14.02M	7.3M	3.57M	-21.38M	14.63M
Supplemental Items
Cash Interest Paid	5.11M	1.28M	168K	29K	2K
Cash Income Tax Paid (Refund)	-412K	-7.81M	-1.86M	-236K	262K
Levered Free Cash Flow	14.8M	399M	18.92M	13.69M	14.45M
Unlevered Free Cash Flow	17.99M	400M	19.03M	13.71M	14.45M
Change In Net Working Capital	442K	-386M	-17.23M	-13.85M	-14.73M
Net Debt Issued / Repaid	541K	-245M	-60K	-	-69K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.67	4.85	2.34	-0.31	-1.04
Return on Total Capital	4.19	5.77	3.1	-0.39	-1.47
Return On Equity %	8.51	12.25	2.58	1	-2.55
Return on Common Equity	8.51	12.25	2.58	1	-2.55
Margin Analysis
Gross Profit Margin %	34.25	41.56	64.86	3.16	-50.21
EBITDA Margin %	32	69.07	42.84	-9.77	-
EBITA Margin %	31.33	68.69	42.84	-10.6	-48.09
EBIT Margin %	31.28	68.54	42.58	-10.6	-48.09
Income From Continuing Operations Margin %	17.27	46.62	21.68	16.38	-48.62
Net Income Margin %	17.27	46.62	21.68	16.38	-48.62
Net Avail. For Common Margin %	17.27	46.62	21.68	16.38	-48.62
Normalized Net Income Margin	16.28	41.25	31.56	14.77	-15.89
Levered Free Cash Flow Margin	15.95	1.18K	282.7	665.66	1.53K
Unlevered Free Cash Flow Margin	19.39	1.18K	284.27	666.54	1.53K
Asset Turnover
Asset Turnover	0.19	0.11	0.09	0.05	0.03
Fixed Assets Turnover	30.69	21.12	19.4	-	-
Receivables Turnover (Average Receivables)	6.13	1.98	-	-	-
Inventory Turnover (Average Inventory)	123.84	-	-	-	-
Short Term Liquidity
Current Ratio	1.67	3.64	10.75	2.66	2.97
Quick Ratio	0.16	1.14	5.57	0.86	2.73
Operating Cash Flow to Current Liabilities	0.06	-0.93	-1.46	-0.01	-0.19
Days Sales Outstanding (Average Receivables)	59.5	184.65	-	-	-
Days Outstanding Inventory (Average Inventory)	2.95	-	-	-	-
Average Days Payable Outstanding	185.53	-	1.91K	444.82	466.55
Cash Conversion Cycle (Average Days)	-123.09	-	-	-	-
Long Term Solvency
Total Debt/Equity	125.54	1.69	2.29	7.24	7.04
Total Debt / Total Capital	55.66	1.66	2.24	6.75	6.58
Total Liabilities / Total Assets	61.5	31.96	17.08	35.72	32.36
EBIT / Interest Expense	5.68	18.24	16.96	-7.52	-227
EBITDA / Interest Expense	5.81	18.38	17.07	-6.93	-
(EBITDA - Capex) / Interest Expense	5.74	18.38	17.07	-6.93	-
Total Debt / EBITDA	8.26	0.05	0.4	-6.58	-
Net Debt / EBITDA	7.64	-1.05	-9.8	32.5	-
Total Debt / (EBITDA - Capex)	8.35	0.05	0.4	-6.58	-
Net Debt / (EBITDA - Capex)	7.72	-1.05	-9.8	32.5	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	34.3	-63.37	-70.75	-69.27	-54.11
Gross Profit, 1 Yr. Growth %	175	-55.56	43.6	-98.5	-829.23
EBITDA, 1 Yr. Growth %	168.38	-20.93	-76.34	-107.01	-
EBITA, 1 Yr. Growth %	177.09	-19.71	-76.08	-107.6	108.26
EBIT, 1 Yr. Growth %	178.57	-19.74	-76.13	-107.65	108.26
Earnings From Cont. Operations, 1 Yr. Growth %	297.59	-1.15	-90.84	-76.77	-236.2
Net Income, 1 Yr. Growth %	297.59	-1.15	-90.84	-76.77	-236.2
Normalized Net Income, 1 Yr. Growth %	304.91	-7.22	-69.48	-85.62	-149.38
Diluted EPS Before Extra, 1 Yr. Growth %	297.83	-1.09	-90.88	-76.66	-236.2
Accounts Receivable, 1 Yr. Growth %	50.19	-87.05	-89.37	-32.76	19.23
Inventory, 1 Yr. Growth %	-1.41	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-9.45	-87.99	0	-	-
Total Assets, 1 Yr. Growth %	5.23	-81.67	-35.93	-52.3	-7.35
Tangible Book Value, 1 Yr. Growth %	7.63	-67.61	-21.9	-63.02	-2.51
Common Equity, 1 Yr. Growth %	7.63	-67.62	-21.92	-63.02	-2.51
Cash From Operations, 1 Yr. Growth %	649.02	-241.45	-66.49	-98.19	1.05K
Capital Expenditures, 1 Yr. Growth %	-16.84	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-142.5	2.6K	-95.18	-27.63	5.52
Unlevered Free Cash Flow, 1 Yr. Growth %	-157.59	2.12K	-95.16	-27.94	5.39
Dividend Per Share, 1 Yr. Growth %	260	94.44	-90.57	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.34	-29.87	-73.14	-70.02	-62.44
Gross Profit, 2 Yr. CAGR %	-3.51	10.54	-63.04	-85.34	-66.96
EBITDA, 2 Yr. CAGR %	-2.83	45.67	-68.92	-87.12	-
EBITA, 2 Yr. CAGR %	-2.99	49.16	-68.59	-86.51	-60.21
EBIT, 2 Yr. CAGR %	-3	49.52	-68.66	-86.49	-60.09
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.81	98.25	-69.91	-85.41	-43.76
Net Income, 2 Yr. CAGR %	-1.81	98.25	-69.91	-85.41	-43.76
Normalized Net Income, 2 Yr. CAGR %	-0.74	93.83	-62.6	-79.05	-73.35
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.84	98.36	-69.97	-85.41	-43.62
Accounts Receivable, 2 Yr. CAGR %	1.44	-55.89	-88.53	-73.26	-10.46
Inventory, 2 Yr. CAGR %	10.71	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.93	-67.03	-65.35	-	-
Total Assets, 2 Yr. CAGR %	1.84	-56.09	-65.73	-44.72	-33.52
Tangible Book Value, 2 Yr. CAGR %	4.99	-40.96	-49.71	-46.26	-39.96
Common Equity, 2 Yr. CAGR %	5	-40.96	-49.71	-46.27	-39.96
Cash From Operations, 2 Yr. CAGR %	-16.84	225.5	-31.15	-92.22	-54.42
Capital Expenditures, 2 Yr. CAGR %	13.57	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-17.94	238.71	13.08	-81.32	-12.62
Unlevered Free Cash Flow, 2 Yr. CAGR %	-16.71	257.95	2.83	-81.33	-12.85
Dividend Per Share, 2 Yr. CAGR %	-	164.58	-57.18	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.16	-28.61	-54.07	-71.91	-65.45
Gross Profit, 3 Yr. CAGR %	-5.62	-25.49	-27.85	-87.31	-46.08
EBITDA, 3 Yr. CAGR %	-7.63	-9.29	-36.24	-81.08	-
EBITA, 3 Yr. CAGR %	-7.86	-8.92	-35.1	-80.43	-66.42
EBIT, 3 Yr. CAGR %	-7.87	-8.94	-35.08	-80.42	-66.37
Earnings From Cont. Operations, 3 Yr. CAGR %	-9.13	-1.59	-28.86	-72.4	-69.28
Net Income, 3 Yr. CAGR %	-9.13	-1.59	-28.86	-72.4	-69.28
Normalized Net Income, 3 Yr. CAGR %	-7.9	-2.95	-17.27	-72.81	-72.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.14	-1.59	-28.95	-72.39	-69.28
Accounts Receivable, 3 Yr. CAGR %	-0.79	-48.92	-72.96	-79.31	-55.99
Inventory, 3 Yr. CAGR %	-0.07	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-8.05	-53.31	-52.27	-	-
Total Assets, 3 Yr. CAGR %	2.38	-42.51	-50.19	-61.74	-34.33
Tangible Book Value, 3 Yr. CAGR %	5.35	-29.06	-35.19	-54.61	-34.46
Common Equity, 3 Yr. CAGR %	5.34	-29.06	-35.2	-54.61	-34.46
Cash From Operations, 3 Yr. CAGR %	8.23	-0.73	52.56	-79.54	-58.86
Capital Expenditures, 3 Yr. CAGR %	-9.33	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	56.89	162.93	-18.4	-2.55	-66.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.32	148.96	-15.24	-8.66	-66.76
Dividend Per Share, 3 Yr. CAGR %	6.27	-	-12.93	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.71	-17.33	-40.95	-53.38	-57.62
Gross Profit, 5 Yr. CAGR %	-1	-15.93	-35.13	-71.43	-47.2
EBITDA, 5 Yr. CAGR %	-0.13	-7.39	-40.26	-63.6	-
EBITA, 5 Yr. CAGR %	-0.21	-7.24	-40.09	-62.87	-46.64
EBIT, 5 Yr. CAGR %	-0.24	-7.27	-40.15	-62.86	-46.56
Earnings From Cont. Operations, 5 Yr. CAGR %	1.21	-4.21	-41.6	-54.14	-35.24
Net Income, 5 Yr. CAGR %	1.21	-4.21	-41.6	-54.14	-35.24
Normalized Net Income, 5 Yr. CAGR %	-1.03	-3.49	-35.78	-54.36	-47.42
Diluted EPS Before Extra, 5 Yr. CAGR %	1.2	-4.22	-41.65	-54.14	-35.22
Accounts Receivable, 5 Yr. CAGR %	-1.86	-34.69	-58.14	-60.93	-56.35
Inventory, 5 Yr. CAGR %	4.9	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.85	-38.04	-37.76	-	-
Total Assets, 5 Yr. CAGR %	2.46	-27.48	-33.92	-43.4	-44.1
Tangible Book Value, 5 Yr. CAGR %	7.97	-15.88	-21.62	-36.52	-37.14
Common Equity, 5 Yr. CAGR %	7.98	-15.88	-21.63	-36.52	-37.15
Cash From Operations, 5 Yr. CAGR %	11.62	11.38	-9.68	-64.15	-5.9
Capital Expenditures, 5 Yr. CAGR %	11.91	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-8.07	100.9	37.63	-9.03	-16.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.36	88.75	19.63	-11.97	-14.29
Dividend Per Share, 5 Yr. CAGR %	24.57	28.47	-26.13	-	-