The first half of 2026 closes for the Fs group with a net negative result of 200 million euros, worsening by 111 million euros compared to the corresponding period of the previous year. Thus Fs in a note after the group’s Board of Directors, chaired by President Tommaso Tanzilli, approved the consolidated half-year financial report as of June 30, 2026.
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“This trend reflects the contraction of EBITDA (-86 million euros), the increase in amortizations, provisions and write-downs (-49 million euros), only partially offset by the positive contribution of financial and tax management (+24 million euros),” explains Fs. Total operating revenues increase to 8.9 billion euros, with an increase of 678 million euros compared to the first half of 2025, “attributable to higher revenues from rail and road infrastructure services (+214 million euros) and other revenues (+489 million euros), against lower transport revenues (-25 million euros),” the railway group further explains. Technical investments rose by 21% to 10.2 billion euros.
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