Today the board of directors of Ferrovie dello Stato Italiane has approved the consolidated financial report of the group regarding the first half of 2026 that shows total operating revenues pairs to 8,9 billion euros, with an increment of +8.3% on the first half of 2025 attributable to greater revenues from infrastructure services iron and roads (+214 million euros) and to other revenues (+489 million euros), in front of minor revenues from transport (-25 million euros). Operating costs amounted to €8.0 billion, up by +10.6% for more staff costs and more variable costs related to the provision of transport services, maintenance and infrastructure management.

Because of the dynamics of revenues and costs, EBITDA stood at 905 million euros (-8.7%), while EBIT amounted to -58 million euros compared to 77 million at 30 June 2025. The net result was negative and equal to 200 million euros, worsening of 111 million euros compared to the corresponding period of the previous year.

The single business unit Trasporto - Merci has recorded six-month operating revenues pairs to 692 million euros (- 2.7%), operating costs pairs to 670 million (+0.1%), an EBITDA pairs to 22 million (-45.0%) and an EBIT and a net result both of sign negative and pairs respective to -60 and -88 million against results also of sign negative and pairs to -29 and -55 million in the first half of 2025.

As regards freight transport, the volumes of traffic realized by the companies of the group FS in the first half 2026 in national territory and abroad have been pairs approximately 8,8 billion tons-km, in bending of the -7,3% in front of an analogous reduction of the offer, expressed in trains-km, pairs to -9,2%. The only performance of the goods transport on foreign territory has been pairs to 4,4 billion tons-km (+0.7%).

The Italian group has evidenced that the result in the segment of the goods, common to many other railway operators goods in Europe, has been influenced by a macroeconomic context marked by strong geopolitical tensions, linked to the conflict between Iran and the United States, that has determined the closure of the Strait of Hormuz and the block of the containerized marine traffics, expanding the uncertainty on international exchanges.