In the course of a company's journey, there come moments when the numbers cease to be merely a measure of performance and begin to reveal something deeper. Not just how much the company has grown, but how. And above all: in which direction. For MAIRE, 2025 was exactly that: growing revenues, improving margins, and net profit at its highest level ever. What these numbers reflect is not merely a positive phase in the economic cycle, but the strength of a business model capable of withstanding, adapting, and progressing even in an increasingly complex energy and geopolitical landscape.

It is against this backdrop of complexity that the quality of an organization can be truly measured. In recent years, we have operated in complex scenarios marked by international tensions, profound industrial transformations, and new dynamics in global energy demand. Yet, even in this context, MAIRE has continued to grow, confirming the resilience of its business model and its ability to transform challenges into concrete opportunities.

At the heart of this journey lie two distinctive elements that today form the core of our identity: on the one hand, NEXTCHEM, with its steadily expanding technology portfolio in high-growth sectors; on the other, TECNIMONT, which consistently consolidates its leadership in the execution of complex projects on a global scale. Two complementary entities that, working together, allow us to combine technological vision with execution capabilities. This integration is one of the Group's main competitive advantages.

Looking beyond the present, a structural trend becomes increasingly clear: energy demand is not slowing down, it is accelerating. Population growth, rising prosperity in many parts of the world, and the electrification of consumption are redefining global energy needs. In particular, the Global South is emerging as one of the primary drivers of this expansion, while new technologies — from artificial intelligence to advanced digital systems — are putting even more strain on energy systems.

In this scenario, rather than simply replacing energy sources, we are witnessing a genuine process of "energy addition": an increasingly complex, multi-source, and multi-speed system in which security, accessibility, and sustainability must coexist. This is where a significant opportunity arises for those capable of offering concrete, scalable, and technologically sound industrial solutions.

Our Strategic Plan to 2035 stems precisely from this awareness. It is a trajectory built on distinctive expertise, operational capabilities, and a clear vision of the role we want to play in the future of energy. The goal is ambitious: to nearly double the Group's revenues, further improve profitability, and maintain a solid financial structure capable of supporting the investments necessary for growth.

This growth will be driven by several key factors. On one side, strengthening our technology portfolio, including through selective acquisitions, to accelerate time-to-market and seize opportunities in the segments with the greatest growth potential. On the other, the evolution of our execution model, which is increasingly focused on efficiency, standardization, and the use of digital technologies and artificial intelligence to improve quality and delivery times.

However, no strategy can yield results without one fundamental element: people. The Group's growth also depends on this—on bringing in new talent, on continuous investment in training, and on the ability to create an environment where everyone can make a tangible contribution. In recent years, we have significantly expanded our team, but above all, we have strengthened a culture based on responsibility, collaboration, and continuous development.

It is in this context that the motto of this issue, Enjoy Our Way, takes on particular significance. In fact, it encapsulates our approach to work and personal growth: one that values people, relationships, and the quality of the daily experiences, recognizing that the best results come when skills and motivation come together.

This spirit also permeates the content of this issue of Evolve, which offers a comprehensive view of our ecosystem. From the intersection of culture and business, as described in the interview with Cristina Mazzantini, the director of the GNAM in Rome, to the perspective of the younger generations through the work of Marcello Ascani; from our industrial presence in Europe, with the story of Germany as a strategic laboratory, to the stories emerging from within the Group, including the literary contest dedicated to MAIRE employees and the Trajectories project, which explores the value of skills in integration pathways.

Alongside these initiatives, the celebration of our historical heritage — through the exhibition dedicated to sports venues — and the visual narrative of company life help paint a complete picture: an organization that is growing, yet at the same time is reflective of itself, its roots, and its impact.

In a rapidly changing world, growth alone is no longer enough. We need to understand where we are going and, above all, how we choose to get there. For MAIRE, this direction lies in the ability to integrate technology, engineering, and industrial vision, while keeping people and the value of relationships at the center. Because, ultimately, that is what transforms growth into something more: a shared direction.

Alessandro Berini

MAIRE CEO