Biesse: green light for the 2025 financial statements

The ordinary shareholders’ meeting of Biesse, held a few days ago in Pesaro, recorded the participation of 64.54 percent of the share capital, corresponding to 76.52 percent of exercisable voting rights. The meeting was convened to approve the main financial documents and to take strategic decisions related to corporate governance and financial management, within a context marked by ongoing industrial integration processes.

As part of this process, the meeting approved the 2025 financial statements of Bavelloni, a wholly owned company that was merged into Biesse at the end of February. Considering that the legal effects of the merger will take place from April 1, 2026, the resolution was adopted by the shareholders’ meeting of the acquiring company. The figures show a net loss of €8.7 million, fully covered through the use of the reserves of the merged entity.

The shareholders also approved Biesse’s 2025 separate financial statements and the consolidated accounts, without any amendments compared to the draft already endorsed by the board of directors. In line with the board’s proposal, the meeting decided not to distribute any dividend for the financial year, opting instead for a policy aimed at strengthening the company’s capital structure.

Regarding loss coverage, the meeting resolved to offset the net loss, amounting to over €15.2 million, through the use of the extraordinary reserve. From the same reserve, approximately €673 thousand will also be allocated to create a non-distributable reserve related to net foreign exchange gains, in accordance with applicable civil law provisions.

On the governance front, the meeting appointed Salvatore Giordano and Pier Giorgio Bedogni as board members, both previously co-opted during 2025. These appointments follow the resignations submitted in the same year by Chief Executive Officer Massimo Potenza and independent director Massimiliano Bruni.

Finally, shareholders approved a new share buyback and disposal program, revoking the previous authorization granted in November 2024, with the aim of ensuring greater flexibility in capital management.