Lights and shadows on the Cir accounts. The firm – listed on Euronext Milan which is owned by the De Benedetti household – closes 2025 with revenues of 1.8 billion euros, down 1.1% in comparison with these of 2024 (1.82 billion), however up 2% on an equal perimeter and fixed trade charges. Kos recorded revenues rising by 2.2% and 4.8% on an equal foundation, whereas Sogefi recorded revenues secure at fixed trade charges and down 3.7% at present trade charges.
Consolidated gross working margin (Ebitda) in 2025 amounted to 274.1 million (15.2% of revenues), a slight enhance in comparison with 272.1 million in 2024 (14.9% of revenues), regardless of the rise in Sogefi’s non-recurring bills. Consolidated Ebit amounted to 103.7 million (100 million in 2024).
The guardian firm’s portfolio of monetary property recorded internet monetary revenue of 16.6 million, with a return of 4%, in comparison with 30.3 million in 2024 and a return of seven.1%. The personal fairness portfolio, primarily in US {dollars}, devalued in opposition to the euro, had a unfavourable affect on the 2025 return.
The consolidated internet revenue from persevering with operations was equal to 29.2 million (it was equal to 39 million in 2024 due to the significantly excessive returns from monetary administration). In 2024, it ought to be remembered, the Filtration division of Sogefi was bought, realizing a major capital achieve, and the sale of the true property advanced in Via dell’Orso 8 in Milan was accomplished. At 31 December 2025, the consolidated internet monetary place earlier than IFRS 16 was optimistic for 220.4 million (in comparison with 202.6 million at 31 December 2024). The inventory closed on Piazza Affari decrease, at -2.65% (equal to 0.66 euros per share).
The board of administrators has determined to suggest to the shareholders’ assembly to not distribute a dividend, in consideration of the promotion of a voluntary takeover bid for 50 million treasury shares at a value of 0.68 euros per share, for a complete worth of 34 million, equal to five.458% of Cir’s share capital. The provide doesn’t concern the treasury shares held by the issuer and isn’t conditional on the achievement of a minimal variety of acceptances, it’s not finalized nor will it result in the revocation (delisting) of the odd shares from the Euronext market.
https://www.ilsole24ore.com/art/cir-conti-chiaroscuro-cda-vara-opa-azioni-proprie-senza-dividendo-AI9Z4krB