Just caught Nexi's FY25 results and the net profit story is interesting. Their normalised net profit hit 783.3 million euros, up 7.2% year-over-year, which shows solid growth in their core operations. EBITDA also climbed 2.3% to 1.9 billion euros, and revenues pushed to 3.58 billion euros (+2.1%).

But here's the thing—the actual net profit attributable to the parent dropped dramatically to a 3.4 billion euro loss, compared to 167 million profit last year. That's a wild swing. The normalised net profit metric looks healthier, but the bottom line loss is hard to ignore.

Stock's down 19.73% at 2.72 euros right now. Could be market digesting that loss figure, or there's something else weighing on sentiment. The underlying net profit growth is decent, but investors seem focused on the bigger picture. Worth watching how this plays out.