ICF closes 2025 with revenues of €72.6 million

The Board of Directors of the company – a leading player at both national and international level in the design, production and marketing of high-tech adhesives and fabrics, listed on the Euronext Growth Milan market of Borsa Italiana – meeting under the chairmanship of Mr Guido Cami, approved the draft financial statements on 26 March and reviewed the consolidated financial statements as at 31 December 2025, both prepared in accordance with International Accounting Standards (IAS/IFRS).

The 2025 financial year closed with a turnover of €72.6 million, an EBITDA of €9.7 million (EBITDA margin of 13.3%) and cash generation of €6.2 million.

As highlighted by Chairman Guido Cami: “These are highly commendable results given the external circumstances. Activities in the footwear and leather goods sectors continued to suffer from the slowdown in sales among our customers worldwide, but activities in the automotive and industrial sectors more than compensated for this in terms of volume.

During 2025, projects were launched in sectors new to Forestali, primarily targeting industrial markets, which bode well for the future.

Commercial diversification is a key strength that makes our organisation resilient to ‘disruptions’ and a solid point of reference for supply chains across many markets. We have fully completed the investment plan set out in the budget and consolidated our product and system certifications to ensure we always meet customer requirements, in line with the European Union’s complex regulations on sustainability, environmental impact and circularity. We are therefore well-equipped and prepared to tackle the new year, which in its first two months has begun along the same lines as the second half of 2025”.