Distributed value
We support a business model that generates shared value while respecting the environment
Our Group pursues the sustainable value creation for its stakeholders by developing transparent, long-term relationships.
In FY 2026 the Sesa Group generated a total economic value of Eu 3,621.7 Mn (Eu 3,274 Mn in 2025). On a net added value generated of Eu 550.5 Mn, the net economic value distributed amounted to Eu 490.1Mn (89.0% of the total), up 8.8% Y/Y. Furthermore, the net economic value retained by the Group decreased from Eu 51.9 Mn as of April 30, 2025 to Eu 60.4 Mn as of April 30, 2025.
Human Resources remuneration, amounted to Eu 395.6 Mn in the FY 2026 (+10.2% compared to FY 2025), confirming that our people represent the most important stakeholders in terms of the value created.
Value distributed to Stakeholders
| (Euro thousands) | 30/04/2026 | 30/04/2025 | 30/04/2024 | 30/04/2023 |
|---|---|---|---|---|
| Net added value | 550,482 | 502,364 | 457,826 | 383,913 |
| Net economic value distributed | 490,070 | 450,432 | 390,263 | 309,191 |
| Net economic value retained | 60,412 | 51,932 | 67,563 | 74,1722 |
Economic value generated and distributed
| (Euro thousands) | 30/04/2026 | % | 30/04/2025 | % | Change 25/25 |
|---|---|---|---|---|---|
| Net revenue | 3,565,285 | 98.4% | 3,214,550 | 98.2% | 10,9% |
| Other Income | 55,526 | 1.5% | 58,570 | 1.8% | -5.2% |
| Profit of companies valued at equity | 896 | 0.0% | 952 | 0.0% | -5.9% |
| Economic value generated | 3,621,707 | 100.0% | 3,274,072 | 100% | 10.6% |
| Reclassified operating costs (purchases, services, etc.) | (2,962,751) | -81.8% | (2,676,923) | -81.8% | 10.7% |
| Depreciation, amortisation,write-downs and other non-monetary costs | (108,439) | -3.0% | (94,785) | -2.9% | 14.4% |
| Net added value | 550,517 | 15.2% | 502,364 | 15.3% | 9.6% |
| Remuneration of Human Resources | 395,588 | 71.9% | 358,836 | 71.4% | 10.2% |
| Remuneration of lenders* | 34,611 | 6.3% | 42,201 | 8.4% | -18.0% |
| Remuneration of shareholders** | 20,144 | 3.7% | 15,495 | 3.1% | 30% |
| Remuneration of Public Administration | 39,727 | 7.2% | 33,900 | 6.7% | 17.2% |
| Distributed net economic value | 490,070 | 89.0% | 450,432 | 89.7% | 8.8% |
| Self-financing | 60,448 | 11.0% | 51.932 | 10.3% | 16.4% |
| Retained economic value | 60,448 | 11.0% | 51,932 | 10.3% | 16.4% |
(*) Equal to the balance of net financial income and expenses
(**) Determined on the basis of the proposal of the Board of Directors of July 17, 2026 and submitted for approval by the shareholders' meeting of August 27, 2026
(**) Determined on the basis of the proposal of the Board of Directors of July 17, 2026 and submitted for approval by the shareholders' meeting of August 27, 2026
Value distribution
The value distribution generated by the Sesa Group reflects our commitment to creating widespread benefits for all stakeholders, with a particular focus on people.
Human resources are in fact the stakeholders who benefit most from the distribution of value, through remuneration, welfare, training and professional development opportunities.
This commitment reflects the central role of human capital in our growth model and our desire to promote sustainable development based on people's skills, involvement and well-being.
The chart on the right shows the distribution of net added value over the six-year period 2021-2026.
The Group's net added value in 2025 was approximately Eu 550.5 Mn, of which Eu 60.4 Mn was retained economic value (self-financing) and Eu 490.1 Mn was distributed economic value.
The retained economic value supports the Group's investments for long-term growth.
ECONOMIC VALUE GENERATED AND DISTRIBUTED
Net added value
Distributed net economic value
Sustainable Development Goals (SDGs):
