Mare Group Approves 2025 IFRS Accounts, Dividend and Higher Board Pay Amid Rising Debt

An announcement from Mare Engineering Group SpA ( (IT:MARE) ) is now available.

Mare Group S.p.A., an engineering and technology firm listed on Euronext Growth Milan, reported consolidated 2025 revenues of €59.1 million, sharply up from €40.7 million a year earlier, alongside a rise in adjusted EBITDA to €15.9 million. Despite this growth, the group posted a net loss of €8.6 million and a steep increase in net debt to €68.9 million, though shareholders’ equity improved to €45.9 million.

At its ordinary shareholders’ meeting, the company approved its first IFRS separate financial statements, covered the 2025 loss using available reserves, and nonetheless authorized a €0.03 per-share dividend drawn from distributable reserves. Investors also backed substantial increases in fixed and one-off remuneration for the Board of Directors and higher fees for the Board of Statutory Auditors, signaling confidence in management while accepting a higher cost of governance amid a period of rapid expansion and rising leverage.

More about Mare Engineering Group SpA

Mare Group S.p.A., listed on Euronext Growth Milan under the ticker MARE.MI, is an engineering company operating in Italy and abroad with a focus on innovation through enabling technologies. The group provides advanced engineering and technology services and reports under IFRS standards, with growing revenues but a significantly leveraged financial structure.

Average Trading Volume: 22,926

Technical Sentiment Signal: Strong Sell

Current Market Cap: €64.35M

Learn more about MARE stock on TipRanks’ Stock Analysis page.