Pirelli meets 2025 targets as profit rises and dividend proposed

Pirelli said it achieved its financial goals for 2025, reporting higher profit and outlining a dividend proposal while setting out a 2026 budget aimed at steady revenues and margins. The Italian tyre maker said net profit for the year rose 5.9% to €530.7m ($626.52m). The board plans to propose a total dividend of €0.34 per share, which includes an extraordinary component of €0.10. Full year revenue reached €6.77bn, at the upper end of guidance, with organic growth of 4.2%. Adjusted EBIT rose 2.0% to € ...