LANDI RENZO (LNDR) Q3 2025 earnings summary

Executive summary

• Preliminary consolidated revenues as of September 30, 2025, were €186.7 million, with €119.5 million from Green Transportation and €67.2 million from Clean Tech Solutions.

• Adjusted EBITDA reached €4.0 million, with a loss of €1.1 million in Green Transportation and a gain of €5.1 million in Clean Tech Solutions.

• The Group is undergoing a negotiated crisis settlement (CNC) and is renegotiating its debt with banks.

Financial highlights

• Net financial position for the Group was €106.1 million, with €17.3 million medium/long-term and €88.8 million short-term.

• Adjusted net financial position, excluding IFRS 16 and other adjustments, was €95.9 million.

• Cash and equivalents for the Group stood at €17.5 million as of September 30, 2025.

• Overdue debt positions for the Group totaled €14.2 million, with €4.1 million overdue by 0-60 days.

Outlook and guidance

• The Group is finalizing a new business plan and continues discussions with banks for debt restructuring.

• An expert was appointed in August 2025 to assist with the CNC process, aiming to ensure business continuity.