The Board of Directors of Franchi Umberto Marmi S.p.A., an Italian processor and trader of Carrara marble, has approved the financial report for the six months ended June 30, 2026.
According to the financial report, prepared in accordance with IFRS accounting standards, total revenues and other income stood at €37.4 million, compared to €39.5 million in the first half of 2025. This decrease was mainly driven by disruptions to the supply chain and logistics route to the Gulf countries, stemming from geopolitical tensions between the United States and Iran.
However, management highlighted that after a weak first quarter (Q1), performance accelerated significantly in the second quarter (Q2), with total revenues exceeding €20 million and outperforming the same period of the previous year.
Key Financial Metrics
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Revenue by Region: The North American market grew, reaching €9.3 million (up from €6.7 million in H1 2025). Conversely, EMEA revenues declined to €18.2 million (from €20.6 million), impacted by geopolitical factors. Asia recorded revenues of €4.6 million (down from €6.0 million), while Australia remained stable at €4.0 million.
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EBITDA: Earnings before interest, taxes, depreciation, and amortization came in at €8.5 million (compared to €11.5 million in H1 2025), with an EBITDA margin of 23.5% (down from 30.4%). The decrease was primarily due to lower business volumes from the parent company.
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Net Profit: Profit for the period totaled €3.6 million (compared to €4.8 million in H1 2025).
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Debt and Liquidity: Net financial debt remained substantially stable at €17.1 million (compared to €16.5 million as of December 31, 2025, and €28.2 million as of June 30, 2025). Cash and cash equivalents rose to €20.1 million (up from €18.1 million at year-end 2025), despite debt repayments of €4.8 million and ongoing capital investments.
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Net Equity: Total equity increased to €135.8 million from €132.4 million as of December 31, 2025.
U.S. Expansion and Corporate Developments
During the first half of 2026, the company completed the establishment of two new U.S. subsidiaries (Franchi Umberto Marmi USA LLC and Franchi Umberto Marmi USA Real Estate LLC). As part of this strategy, the acquisition of a property in Miami was completed on March 9, 2026, to serve as a showroom and warehouse to support market development in North America.
Additionally, CEO Alberto Franchi highlighted the company’s recent participation in the Marmomac trade fair, reaffirming the Group’s commitment to promoting Carrara as an international hub for stone research, design, and culture.
Outlook
The restoration of logistics channels to the Middle East has enabled the resumption of shipments to the region. Management reported initial signs of volume recovery during the summer months and expects a broader recovery in the second half of the year. The company also stated that it remains open to potential M&A transactions to support further commercial growth.
