IPZS Records Highest Ever EBITDA and Net Profit in 2025
Quick Look
- The Italian State Printing and Mint Institute (IPZS) reported record-breaking results for 2025, with revenues of €574 million, EBITDA of €236 million, and a net profit of €175 million.
- The Ministry of Economy and Finance (MEF), as the sole shareholder, will receive the highest dividend ever, equivalent to the entire net profit.
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Why It Matters
The Istituto Poligrafico e Zecca dello Stato (IPZS) is the Italian state-owned entity responsible for printing currency, postage stamps, and official documents, as well as minting coins. The Ministry of Economy and Finance (MEF) is its sole shareholder.
The Istituto Poligrafico e Zecca dello Stato (IPZS), of which the MEF is the sole shareholder, has recorded a record EBITDA and net profit: 574 million euros in revenue, 236 million euros in EBITDA, and 175 million euros in net profit, the best ever achieved in the history of IPZS. The MEF will receive the highest dividend ever, equal to the entire net result achieved (175,089,441 euros of net profit).
This is what can be read in a note released after the Shareholders' Meeting of Istituto Poligrafico e Zecca dello Stato S.p.a., which met today approving the 2025 Financial Statements.
The Shareholders' Meeting also appointed the new board of directors and designated Pietro Di Paolantonio as president. The shareholder instructed the new board to confirm Michele Sciscioli as CEO.
The board of directors will be composed of Pietro Di Paolantonio (president), Michele Sciscioli, Stefano Corti, Francesca Marino, and Flavia Scarpellini. The new supervisory board will instead be composed of Ambrogio Brambilla (president), Claudia Santilli (statutory auditor), Remo Tagliacozzo (statutory auditor), Marco Enzo Pitotti (substitute auditor), Monica Petrella (substitute auditor).
Open Questions
- What specific factors contributed to the record-breaking EBITDA and net profit?
- What are the strategic priorities for the new board of directors and CEO?
- What is the outlook for IPZS in the coming years?






