Sabaf Group has released its 2025 financial results, but this year’s numbers arrive under the shadow of profound loss. The sudden passing of CEO Pietro Iotti has left the entire organisation grieving, with emotions far outweighing the satisfaction of a positive—though complex—financial performance.

A Year of Stability and Selective Growth

Despite a challenging macroeconomic environment, Sabaf closed 2025 with revenues up 0.8%, reaching €279 million. Profitability also showed resilience: 
– EBITDA rose 2.4% to €41 million, representing nearly 15% of total revenues. 
– Net profit, however, declined from €16 million to €13 million, reflecting higher costs and a more cautious market.

Even with the dip in net profit, the Board of Directors expressed confidence in the company’s financial health. They intend to maintain the dividend at €0.58 per share, a signal of stability to shareholders and stakeholders alike.

Leadership Transition During a Difficult Moment

In the wake of Iotti’s passing, Sabaf has moved swiftly to ensure continuity and steady governance.

– Gianluca Beschi, previously Chief Financial Officer, will step into the role of CEO. 
– Andrea Bonfadelli, Technical Director of the Gas Division and Director of the Supply Chain, has been appointed General Manager.

Both leaders are long-standing figures within the Ospitaletto-based company, and their appointments reflect Sabaf’s commitment to internal expertise and strategic continuity.

Looking Ahead

While the financial results demonstrate resilience, 2025 will be remembered as a year marked by loss. Yet Sabaf’s leadership, operational strength, and long-term vision position the company to move forward with stability and respect for the legacy of Pietro Iotti.