Italian shipbuilding giant Fincantieri S.p.A. achieved remarkable growth in the first quarter of 2025, with a 54% surge in EBITDA to €154 million and a record total backlog of €57.6 billion. The revenue also saw a substantial increase of 35% year-over-year, reaching €2,376 million. A significant highlight was the introduction of their new Underwater segment, which boasted an impressive 17% EBITDA margin, emphasizing the company's strategic advancement in the defense and critical submarine infrastructure sector. Pierroberto Folgiero, the CEO and General Manager of Fincantieri, highlighted the strategic importance of the Underwater segment, describing it as a pivotal step in the Group's industrial evolution. Noteworthy advancements in sustainable shipping technology were unveiled, with Fincantieri revealing plans to build the world's first hydrogen-powered cruise ship, the Viking Libra, set for delivery in 2026. This innovative vessel will incorporate cutting-edge hydrogen storage solutions developed by Fincantieri's subsidiary, Isotta Fraschini Motori. The company's exceptional performance was further reinforced by securing major contracts, including agreements for four jumbo cruise ships for Norwegian Cruise Line Holdings and four vessels for Viking Cruises. In the defense sector, Fincantieri solidified its position with strategic partnerships in Asia and the Middle East, such as collaborations with thyssenkrupp Marine Systems for the Philippine Navy's modernization program and a significant €500 million contract through its joint venture MAESTRAL to support the UAE Navy fleet. The company's remarkable achievements underscore its dominance in the shipbuilding and maritime industry, setting new standards in innovative technologies and strategic collaborations.