Shareholders approve Tper’s financial statements
The company’s profit has been fully allocated to reserves to further strengthen Tper’s economic and financial solidity and support its investment capacity for future challenges in sustainable mobility, digitalisation and service quality.
Bologna, July 16, 2026
The Shareholders’ Meeting was held today to approve Tper’s 2025 integrated financial statements, a document that includes the financial statements of the parent company Tper SpA, the consolidated financial statements of the industrial group and the Sustainability Reporting, prepared in accordance with the European CSRD rules applicable to companies issuing securities on international regulated markets.
For Tper, 2025 proved to be another complex year, marked by market volatility, rising costs, economic and regulatory uncertainties that continued to affect the national public transport sector, and significant operational impacts linked to ongoing works for the infrastructural evolution of mobility in the Bologna area. In this context, Tper maintained a prudent and proactive management model, preserving its economic, financial and capital balance while continuing along a path of major investments.
The shareholders approved the financial statements today, resolving to allocate the profit to reserves, with no dividend distribution: a decision aimed at further consolidating Tper’s capitalisation as support for the company in best addressing its commitments and the challenges of increasingly complex industrial development.
Group revenues amounted to €309 million, while Gross Operating Margin (EBITDA) stood at €37 million. Net profit amounted to €11.2 million.
Tper has an industrial model focused on investments to improve and enhance its services: in 14 years of operation, the company has made approximately €600 million in investments, 60% of which from its own resources, allocated to the renewal of the fleet and infrastructure, environmental sustainability, digitalisation, infomobility and the development of shared and integrated mobility solutions.
Tper’s human capital is constantly developing, with employment growth across the industrial group: in 2025, a total of 283 new hires were made (54 women and 229 men), compared with 221 departures (32 women and 189 men). The Tper Group employs 2,468 people (+122 in two years), 98% of whom are on permanent contracts, with a strong commitment to training (around 63,000 hours of training in 2025) and absolute, certified attention to gender equality, diversity and inclusion. Locally, the company is able to contribute to social stability also thanks to the activities generated around its operating scope, creating a further 705 jobs in the value chain in addition to the personnel directly employed.
In terms of environmental protection, the ongoing renewal of its vehicle fleets and monitoring of pollution levels produced in depots have led to tangible results in terms of emissions of local pollutants that may affect people’s health and the environment. Specifically, over the last three years, significant reductions have been recorded in hydrocarbons (-11%), carbon monoxide (-14.35%), particulate matter (-21.41%) and nitrogen oxides (-18.44%).
Tper’s Chairwoman and CEO, Giuseppina Gualtieri, stated during the morning session: “I would like to thank the Shareholders for the trust they have shown by approving Tper’s 2025 financial statements and the allocation of profit. This confirms a unity of purpose that originates with the shareholders and is reflected in the work carried out by the Board of Directors, management and the more than two thousand people who work in the company every day. For years we have been called upon to operate in increasingly complex, uncertain and unpredictable contexts; one need only recall the international context, which forces us to revise budgets, and demographic scenarios that affect service forecasts, the labour market and therefore the company’s own actions. Innovation is not only radical and unprecedented compared with past decades; it is accelerating so rapidly that it requires a level of commitment that could not have been foreseen only a few years ago, made up of responsibility and new managerial commitments in order to fulfil the role of an industrial player that does not simply undergo change, but—as our shareholders have always indicated—seeks to be among the protagonists of change. In this respect, the company’s solidity allows us to report positive results, which cannot be taken for granted when looking to the future, with a fundamental basis and the utmost commitment to services that place people at the centre and are increasingly characterised by intermodal solutions, such as the work for the launch of the tram. We have always worked not alone, but by developing partnerships that enable us to achieve concrete objectives. Today’s event fits into this context; in a constantly evolving scenario, we believe that dialogue among institutions, businesses, the research community and economic and labour representatives is an essential condition for building mobility systems that are increasingly sustainable, accessible and capable of supporting the development of communities. Integrated public mobility can be an important asset for the industrialisation of knowledge, capable of bringing ideas and projects together and turning them into reality. Over the years, Tper has demonstrated that it applies research with proactivity, calculation and planning to many challenges in which it has been a pioneer, supported by results: from digitalisation, which led to an initial MaaS in 2018, to the challenge of liquefied methane and, most recently, hydrogen. Operating in the present while seizing ideas and opportunities to work for the future is part of our DNA.”
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Tper’s 2025 integrated financial statements can be viewed and downloaded from the www.tper.it/bilanci page of the Tper website