Just saw Nexi's FY25 results and it's a mixed bag honestly. The stock is down nearly 20% at 2.72 euros, but if you dig into the numbers, the normalized net profit actually grew 7.2% to 783 million euros. That's decent growth considering the broader environment.

Revenues came in at 3.58 billion, up about 2% year-over-year, and EBITDA hit 1.9 billion. So operationally things are moving in the right direction. The real headline though is that massive 3.4 billion euro loss attributed to the parent company, which is a huge swing from the 167 million profit they posted last year.

Guessing the market is spooked by that loss figure despite the solid net profit improvements. Classic case of headline hunting maybe? The operational metrics look reasonable but clearly investors aren't happy with the overall picture right now.