Iveco Group reported full year (FY) 2025 consolidated revenues of EUR 13.43 billion, with net revenues from Industrial Activities at EUR 13.13 billion. Adjusted EBIT for the period stood at EUR 645 million, reflecting a margin of 4.8%. Adjusted EBIT of Industrial Activities was EUR 528 million with a 4.0% margin. Adjusted net income for the year totaled EUR 312 million, resulting in adjusted diluted earnings per share of EUR 1.16. Net financial expenses reached EUR 222 million. The reported income tax expense was EUR 82 million, with an adjusted effective tax rate of 26% for the period. Free cash flow of Industrial Activities was negative at EUR 109 million, attributed mainly to lower volumes and a one-off impact from high inventory levels in the Bus division at year-end. Available liquidity for Continuing Operations was EUR 4.69 billion as of 31 December 2025, with an additional EUR 1.90 billion in undrawn committed facilities. Discontinued Operations had available liquidity of EUR 499 million. During the period, the Board of Directors approved preliminary results for FY 2025. Extraordinary transactions, including the sale of the Defence business and the Tata Motors Tender Offer, remained on track for completion in line with previously communicated timelines. The Defence business has been classified as Discontinued Operations following the signing of a definitive agreement for its sale. Lower volumes in Europe for the Truck and Powertrain divisions, combined with adverse foreign exchange rate impacts, contributed to the financial performance, partially offset by cost containment actions in selling, general, and administrative expenses.

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