Fedrigoni closes 2025 with growth in revenue and EBITDA, a resilient performance delivered against a backdrop of pronounced macroeconomic and geopolitical uncertainty

Fedrigoni Group closed the 2025 year with revenues of €1.9 billion and adjusted EBITDA of €303 million, up 3% and 5% respectively on the prior year, a performance that confirms the resilience of the Group’s business in an environment marked by persistent macroeconomic and geopolitical uncertainty. The results reflect the strength of Fedrigoni’s international footprint: Italy accounted for 18.4% of revenues, the rest of Europe for 45.2% and the rest of the world for 36.4%. By business area, Self-Adhesives and RFID together generated 64% of revenues, while Special Papers contributed the remaining 36%. Over the course of the year, Fedrigoni reaffirmed its leadership across its core markets, remaining a global reference producer of specialty papers for luxury packaging and premium wine labels, the second-largest manufacturer of fine art and drawing papers through its Fabriano brand, and among the five largest producers of RFID inlays worldwide.

The year unfolded against a backdrop of considerable macroeconomic and geopolitical instability. Across the sectors and markets in which we operate, volumes remained soft and competitive pressure stayed elevated. Against this backdrop, we maintained our focus on the priorities that matter most, product quality, customer service, operational discipline and the integration of the 17 acquisitions completed since 2018, while continuing to reinforce the foundations for long-term value creation.

Sustainability remained a core pillar of Fedrigoni’s strategy throughout the year. In line with our 2030 ESG agenda, we continued to prioritise the reduction of greenhouse gas emissions, the advancement of eco-design and circularity, responsible sourcing and the strengthened management of natural resources, including biodiversity. This progress was recognised through third-party endorsements: in 2025 Fedrigoni was admitted to the CDP A List, was awarded the EcoVadis Platinum Medal for the fourth consecutive year, and achieved a score of 74 in the S&P Global Corporate Sustainability Assessment.

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