DRIVING

RESULTS

ANNUAL REPORT 2025

ITALY, BRAZIL and CHINA, a strategic presence to serve our customers worldwide

OUR GROUP

From people to key projects: discover what shaped our year.

OUR 2025

+2,600 hours of training to foster talent and enhance our people’s skills.

OUR VALUES

From extreme offshore engineering to advanced combustion systems.

ENERGY SOLUTIONS

Subsea pioneers: a unique system to operate at 400 meters depth.

MAIN ACHIEVEMENTS

A record year for Order Intake: €154 million in new orders in 2025.

FINANCIAL REPORT

DRIVING

RESULTS

ANNUAL REPORT 2025

ITALY, BRAZIL and CHINA, a strategic presence to serve our customers worldwide

OUR GROUP

From people to key projects: discover what shaped our year.

OUR 2025

+2,600 hours of training to foster talent and enhance our people’s skills.

OUR VALUES

From extreme offshore engineering to advanced combustion systems.

ENERGY SOLUTIONS

Subsea pioneers: a unique system to operate at 400 meters depth.

MAIN ACHIEVEMENTS

A record year for Order Intake: €154 million in new orders in 2025.

FINANCIAL REPORT

DRIVING

RESULTS

ANNUAL REPORT 2025

OUR GROUP

OUR 2025

OUR VALUES

SOCIAL

GOVERNANCE

ENVIRONMENT

ENERGY SOLUTIONS

MAIN ACHIEVEMENTS

FINANCIAL REPORT

OUR GROUP

OUR 2025

OUR VALUES

SOCIAL

GOVERNANCE

ENVIRONMENT

ENERGY SOLUTIONS

MAIN ACHIEVEMENTS

FINANCIAL REPORT

 

We ended 2025 with record-breaking performances and a stronger global presence, driven by our commitment to technological innovation and a strategic vision for sustainable growth within our new 2026–2030 Industrial Plan.

Claudio Cisilino | Chairman of Remazel Engineering S.p.A.

 

We continue to invest in our people and their expertise, building an increasingly integrated and specialized organization that is ready to lead the international markets of tomorrow through engineering excellence.

ANDREA ROSA | CEO of Remazel Engineering S.p.A.

We ended 2025 with record-breaking performances and a stronger global presence, driven by our commitment to technological innovation and a strategic vision for sustainable growth within our new 2026–2030 Industrial Plan.

Claudio Cisilino | Chairman of Remazel Engineering S.p.A.

We continue to invest in our people and their expertise, building an increasingly integrated and specialized organization that is ready to lead the international markets of tomorrow through engineering excellence.

ANDREA ROSA | CEO of Remazel Engineering S.p.A.

OUR

GROUP

OUR GROUP

REMAZEL GROUP OVERVIEW

We deliver advanced engineering solutions for the offshore energy sector, with a strong focus on offshore and floating wind, subsea and research operations, heavy lifting, and Oil & Gas. Through continuous innovation and a customer-centric approach, we design and manufacture high-performance equipment and tailor-made solutions that address the evolving challenges of the industry.

As part of the Fincantieri Group, we leverage the expertise, industrial strength, and global presence of one of the world’s leading shipbuilding and maritime engineering companies. Fincantieri is a global leader in shipbuilding and high-complexity marine engineering, renowned for its innovation, quality, and technological excellence. With a long-standing history and a strong international presence, the Group designs and builds a wide range of advanced vessels and offshore solutions, playing a key role in shaping the future of the maritime and energy industries.

BUSINESS MODEL

Remazel Engineering is a leading group in the design and manufacturing of equipment and components for the offshore and energy industries, working closely with customers to navigate and overcome the challenges of the energy transition.

Customer centricity, teamwork,
continuous improvement
.
This is our values winning mix.

WHAT
SHAPED

OUR
2025

WHAT SHAPED

OUR 2025

OUR MODEL

OUR PRIORITIES

OUR GUIDELINES

OUR MODEL

OUR PRIORITIES

OUR GUIDELINES

VALUES

IN ACTION

VALUES IN ACTION

HIGHLIGHTS 2025

0
NEW EMPLOYEES
0
TRAINING HOURS
0%
WOMEN
0%
UNDER 30 YEARS OLD

HUMAN
RESOURCES

TRAINING PROGRAM

LEVEL UP TALK | SOFT SKILLS & MANAGEMENT | PROJECT MANAGEMENT COURSE WITH UNIBG

  • “LEVEL UP TALK”: established in 2024 with the aim to promote an open and transparent dialogue between the employee and his responsible
  • SOFT SKILLS & MANAGEMENT: in 2025, a significant portion of our training programs for senior and middle management focused on leadership and management skills.
  • PROJECT MANAGEMENT COURSE WITH UNI BG: this course was developed in collaboration with the School of Advanced Training of the University of Bergamo and Confindustria Bergamo, with the sponsorship of Remazel Engineering. The course was designed to provide the necessary skills to tackle complex and international project challenges.

CROSS FUNCTIONAL TEAM

GRC TEAM | WORK IMPROVEMENT TEAM | CHAMPIONS TEAM

  • GRC TEAM: the Governance, Risk management & Compliance established for supporting the integration of the companies within the Remazel Group, fostering consistent governance standards.
  • WIT – WORK IMPROVEMENT TEAM: aimed at improving internal processes and train Junior Engineers.
  • CHAMPIONS TEAM: talented junior resources who want to contribute to company internal processes improvement through their own projects/ideas.

COMPANY IN ACTION

DRIVING TEAMWORK, WELLBEING, LEARNING AND INCLUSION

A program developed to foster teamwork, wellbeing, continuous learning, and inclusion.

  • HEALTHYSHARING
  • TEAMWORK & FUN
  • CULTURAL SHARING
  • COMPANY EVENTS

HIGHLIGHTS 2025

0
NEW EMPLOYEES
0
TRAINING HOURS
0%
WOMEN
0%
UNDER 30 YEARS OLD

HUMAN
RESOURCES

TRAINING PROGRAM

LEVEL UP TALK | SOFT SKILLS & MANAGEMENT | PROJECT MANAGEMENT COURSE WITH UNIBG

  • “LEVEL UP TALK”: established in 2024 with the aim to promote an open and transparent dialogue between the employee and his responsible
  • SOFT SKILLS & MANAGEMENT: in 2025, a significant portion of our training programs for senior and middle management focused on leadership and management skills.
  • PROJECT MANAGEMENT COURSE WITH UNI BG: this course was developed in collaboration with the School of Advanced Training of the University of Bergamo and Confindustria Bergamo, with the sponsorship of Remazel Engineering. The course was designed to provide the necessary skills to tackle complex and international project challenges.

CROSS FUNCTIONAL TEAM

GRC TEAM | WORK IMPROVEMENT TEAM | CHAMPIONS TEAM

  • GRC TEAM: the Governance, Risk management & Compliance established for supporting the integration of the companies within the Remazel Group, fostering consistent governance standards.
  • WIT – WORK IMPROVEMENT TEAM: aimed at improving internal processes and train Junior Engineers.
  • CHAMPIONS TEAM: talented junior resources who want to contribute to company internal processes improvement through their own projects/ideas.

COMPANY IN ACTION

DRIVING TEAMWORK, WELLBEING, LEARNING AND INCLUSION

A program developed to foster teamwork, wellbeing, continuous learning, and inclusion.

  • HEALTHYSHARING
  • TEAMWORK & FUN
  • CULTURAL SHARING
  • COMPANY EVENTS

HIGHLIGHTS 2025

0
NEW EMPLOYEES
0
TRAINING HOURS
0%
WOMEN
0%
UNDER 30 YEARS OLD

SOCIAL
RESPONSIBILITY

BUILDING CULTURAL CHANGE BY TURNING INCLUSION
INTO EVERYDAY EXPERIENCES

In 2025, a key milestone for the initiative was reached with the inauguration of the apartment dedicated to the project. The young participants are also involved in Remazel’s “Company in Action” initiative, which includes football tournaments and team-building events, creating further opportunities for inclusion, interaction, and shared experiences with company employees. These initiatives have received very positive feedback within Remazel Engineering, contributing to the promotion of a strong culture of inclusion and community engagement across the organization.

HUMAN
RESOURCES

  • LEVEL UP TALK
  • SOFT SKILLS & MANAGEMENT
  • PROJECT MANAGEMENT COURSE WITH UNIBG
  • GRC TEAM
  • WORK IMPROVEMENT TEAM
  • CHAMPIONS TEAM
  • DRIVING TEAMWORK
  • WELLBEING
  • LEARNING AND INCLUSION

SOCIAL
RESPONSIBILITY

BUILDING CULTURAL CHANGE BY TURNING INCLUSION
INTO EVERYDAY EXPERIENCES

“My Community Home” project promoted by Associazione L’Impronta, a dedicated project aimed at strengthening the social and domestic autonomy of young people with disabilities or fragilities, within the local community. In 2025, a key milestone for the initiative was reached with the inauguration of the apartment dedicated to the project. The young participants are also involved in Remazel’s “Company in Action” initiative, which includes football tournaments and team-building events, creating further opportunities for inclusion, interaction, and shared experiences with company employees. These initiatives have received very positive feedback within Remazel Engineering, contributing to the promotion of a strong culture of inclusion and community engagement across the organization.

HEALTH
& SAFETY

HIGHLIGHTS 2025

0
WORK RELATED INJURY
+0
MEDICAL EXAMINATIONS AND HEALTH CHECKS
0
QHSE TRAINING HOURS

ISO 45001

2018

SOCIAL
RESPONSIBILITY

BUILDING CULTURAL CHANGE BY TURNING INCLUSION
INTO EVERYDAY EXPERIENCES

“My Community Home” project promoted by Associazione L’Impronta, a dedicated project aimed at strengthening the social and domestic autonomy of young people with disabilities or fragilities, within the local community. In 2025, a key milestone for the initiative was reached with the inauguration of the apartment dedicated to the project. The young participants are also involved in Remazel’s “Company in Action” initiative, which includes football tournaments and team-building events, creating further opportunities for inclusion, interaction, and shared experiences with company employees. These initiatives have received very positive feedback within Remazel Engineering, contributing to the promotion of a strong culture of inclusion and community engagement across the organization.

HEALTH
& SAFETY

HIGHLIGHTS 2025

0
WORK RELATED INJURY
+0
MEDICAL EXAMINATIONS AND HEALTH CHECKS
0
QHSE TRAINING HOURS

ISO 45001

2018

HEALTH & SAFETY

HIGHLIGHTS 2025

0
WORK RELATED INJURY
+0
MEDICAL EXAMINATIONS AND HEALTH CHECKS
0
QHSE TRAINING HOURS

ISO 45001

2018

GOVERNANCE
MODEL

  • BOARD OF DIRECTORS
  • BOARD OF STATUTORY AUDITORS
  • AUDIT COMPANY
  • SUPERVISORY BODY

BOARD OF DIRECTORS
COMPOSITION

BOARD OF STATUTORY
AUDITORS

GOVERNANCE
MODEL

  • BOARD OF DIRECTORS
  • BOARD OF STATUTORY AUDITORS
  • AUDIT COMPANY
  • SUPERVISORY BODY

BOARD OF DIRECTORS
COMPOSITION

BOARD OF STATUTORY
AUDITORS

GOVERNANCE
MODEL

  • BOARD OF DIRECTORS
  • BOARD OF STATUTORY AUDITORS
  • AUDIT COMPANY
  • SUPERVISORY BODY

BOARD OF DIRECTORS
COMPOSITION

BOARD OF STATUTORY
AUDITORS

BUSINESS
ETHICS

Remazel is committed to ensuring fair and transparent business practices, safeguarding its reputation, meeting stakeholder expectations, and supporting the work of its employees:

  • CODE OF ETHICS
  • ORGANIZATION, MANAGEMENT AND CONTROL MODEL (231 MODEL)
  • SUPERVISORY BODY
  • WHISTLEBLOWING SYSTEM

SUPPLY CHAIN
MANAGEMENT

Remazel benefits from a well-established and reliable supplier network, primarily based in Italy, Europe and China.

Proportion of orders placed with active suppliers by geographic area

2024

ITALY 84%
ABROAD 16%

2025

ITALY 68%
ABROAD 32%

SUPPLIER DAY

4 CATEGORIES AWARD: INNOVATION, QUALITY, HSE, SUSTAINABILITY

At the end of 2025, the company organized the Remazel Supplier Day at the Kilometro Rosso Innovation District. The event represented an important moment of engagement with strategic suppliers, providing an opportunity to share the company’s business plan and long-term vision.
During the event, the company recognized the commitment and performance of its suppliers by presenting awards in four categories: Innovation, Quality, HSE, and Sustainability. These categories reflect the key principles that guide the company in its continuous improvement journey and in the development of a responsible and high-performing supply chain.

BUSINESS
ETHICS

Remazel is committed to ensuring fair and transparent business practices, safeguarding its reputation, meeting stakeholder expectations, and supporting the work of its employees:

  • CODE OF ETHICS
  • ORGANIZATION, MANAGEMENT AND CONTROL MODEL (231 MODEL)
  • SUPERVISORY BODY
  • WHISTLEBLOWING SYSTEM

SUPPLY CHAIN
MANAGEMENT

Remazel benefits from a well-established and reliable supplier network, primarily based in Italy, Europe and China.

Proportion of orders placed with active suppliers by geographic area

2024

ITALY 84%
ABROAD 16%

2025

ITALY 68%
ABROAD 32%

SUPPLIER DAY

4 CATEGORIES AWARD: INNOVATION, QUALITY, HSE, SUSTAINABILITY

At the end of 2025, the company organized the Remazel Supplier Day at the Kilometro Rosso Innovation District. The event represented an important moment of engagement with strategic suppliers, providing an opportunity to share the company’s business plan and long-term vision.
During the event, the company recognized the commitment and performance of its suppliers by presenting awards in four categories: Innovation, Quality, HSE, and Sustainability. These categories reflect the key principles that guide the company in its continuous improvement journey and in the development of a responsible and high-performing supply chain.

BUSINESS
ETHICS

Remazel is committed to ensuring fair and transparent business practices, safeguarding its reputation, meeting stakeholder expectations, and supporting the work of its employees:

  • CODE OF ETHICS
  • ORGANIZATION, MANAGEMENT AND CONTROL MODEL (231 MODEL)
  • SUPERVISORY BODY
  • WHISTLEBLOWING SYSTEM

SUPPLY CHAIN
MANAGEMENT

Remazel benefits from a well-established and reliable supplier network, primarily based in Italy, Europe and China.

Proportion of orders placed with active suppliers by geographic area

2024

ITALY 84%
ABROAD 16%

2025

ITALY 68%
ABROAD 32%

At the end of 2025, the company organized the Remazel Supplier Day at the Kilometro Rosso Innovation District. The event represented an important moment of engagement with strategic suppliers, providing an opportunity to share the company’s business plan and long-term vision.
During the event, the company recognized the commitment and performance of its suppliers by presenting awards in four categories: Innovation, Quality, HSE, and Sustainability. These categories reflect the key principles that guide the company in its continuous improvement journey and in the development of a responsible and high-performing supply chain.

ENVIRONMENT

As a provider of engineering solutions for the energy market, the company is aware of its role in sustainable development and is committed to minimizing its environmental impact. To support this commitment, it operates under an Integrated Policy for Quality, Environment and Safety, which guides the organization’s objectives, behaviours and continuous improvement, while promoting responsible growth and ensuring the health and safety of its people.

The company’s activities do not involve production processes that generate large quantities of waste or pollutants. The main waste streams consist primarily of recyclable materials such as ferrous metals, paper and cardboard, plastic packaging, and wood.

0
TON OF WASTE GENERATED

117.32 tons in 2024

0%
NOT INTENDED FOR DISPOSAL

ENVIRONMENT

As a provider of engineering solutions for the energy market, the company is aware of its role in sustainable development and is committed to minimizing its environmental impact. To support this commitment, it operates under an Integrated Policy for Quality, Environment and Safety, which guides the organization’s objectives, behaviours and continuous improvement, while promoting responsible growth and ensuring the health and safety of its people.

The company’s activities do not involve production processes that generate large quantities of waste or pollutants. The main waste streams consist primarily of recyclable materials such as ferrous metals, paper and cardboard, plastic packaging, and wood.

0
TON OF WASTE GENERATED

117.32 tons in 2024

0%
NOT INTENDED FOR DISPOSAL

ENVIRONMENT

As a provider of engineering solutions for the energy market, the company is aware of its role in sustainable development and is committed to minimizing its environmental impact. To support this commitment, it operates under an Integrated Policy for Quality, Environment and Safety, which guides the organization’s objectives, behaviours and continuous improvement, while promoting responsible growth and ensuring the health and safety of its people.

The company’s activities do not involve production processes that generate large quantities of waste or pollutants. The main waste streams consist primarily of recyclable materials such as ferrous metals, paper and cardboard, plastic packaging, and wood.

0
TON OF WASTE GENERATED

117.32 tons in 2024

0%
NOT INTENDED FOR DISPOSAL

R&D PROJECTS

HIGHLIGHTS

SUSTAINABLE

INNOVATION

Research and Development (R&D) plays a key role in the design and development of the Group’s products and solutions. Each project is highly customized according to client and technical requirements, making the research phase closely integrated with the engineering and development process.

R&D PROJECTS

HIGHLIGHTS

SUSTAINABLE

INNOVATION

Research and Development (R&D) plays a key role in the design and development of the Group’s products and solutions. Each project is highly customized according to client and technical requirements, making the research phase closely integrated with the engineering and development process.

R&D PROJECTS

HIGHLIGHTS

SUSTAINABLE

INNOVATION

Research and Development (R&D) plays a key role in the design and development of the Group’s products and solutions. Each project is highly customized according to client and technical requirements, making the research phase closely integrated with the engineering and development process.

ENERGY

SOLUTIONS

ENERGY SOLUTIONS

– Mooring systems
– Riser pull-in systems
– Winches
– Reel hub drives
– Special handling for decommissioning

– Lifting & upending tools
– Secondary Steel for monopiles installation
– Monopiles handling & installation equipment
– Pile grippers
– Mooring system for FOWT
– Launch & Recovery systems
– A-Frames
– Handling systems for subsea operations
– Rock Installation systems for cable protection
– Davit Cranes
– Winches and marine equipment
– Stiff, knuckle and lattice boom cranes
– Telescopic cranes
– Rotating engine room cranes & Hoists
– Jib cranes
– Hose handling cranes
– Provisions cranes
– Davit Cranes for FOW application
– Service hubs
– Installation, Commissioning & Start up
– Teleservice & Remote assistance
– Training by Digital Twin
– Spare parts
– Burners for gas turbines
– Combustion chambers for gas turbines
– Burners for boilers and industrial applications

ENERGY

SOLUTIONS

ENERGY SOLUTIONS

– Mooring systems
– Riser pull-in systems
– Winches
– Reel hub drives
– Special handling for decommissioning

– Lifting & upending tools
– Secondary Steel for monopiles installation
– Monopiles handling & installation equipment
– Pile grippers
– Mooring system for FOWT
– Launch & Recovery systems
– A-Frames
– Handling systems for subsea operations
– Rock Installation systems for cable protection
– Davit Cranes
– Winches and marine equipment
– Stiff, knuckle and lattice boom cranes
– Telescopic cranes
– Rotating engine room cranes & Hoists
– Jib cranes
– Hose handling cranes
– Provisions cranes
– Davit Cranes for FOW application
– Service hubs
– Installation, Commissioning & Start up
– Teleservice & Remote assistance
– Training by Digital Twin
– Spare parts
– Burners for gas turbines
– Combustion chambers for gas turbines
– Burners for boilers and industrial applications

MAIN

ACHIEVEMENTS

MAIN ACHIEVEMENTS

RISER PULL IN SYSTEM & PEDESTAL CRANES

  • CUSTOMER: SAIPEM

  • SCOPE OF WORK: SUPPLY AND INTEGRATION OF A COMPLETE RISER PULL-IN SYSTEM AND NO. 2 PEDESTAL CRANES.

  • TECHNICAL HIGHLIGHT: 550-TON LINEAR WINCH FOR PULL-IN OPERATIONS.

UEH AND SEAFASTENING CRADLES, TP SEAFASTENING

  • CUSTOMER: CADELER
  • SCOPE OF WORK: DESIGN, FABRICATION, AND INSTALLATION OF UEH HANDLING SYSTEMS AND MONOPILE SEAFASTENING CRADLES.

  • TECHNICAL HIGHLIGHT: HANDLING CAPACITY FOR MONOPILES UP TO 12 M IN DIAMETER AND 2,900 TONS IN WEIGHT.

LIFTING TOOL

  • CUSTOMER: CADELER
  • SCOPE OF WORK: SUPPLY OF A SECOND 2900 SWL LIFTING TOOL FOR THE INSTALLATION OF OFFSHORE WIND FARM FOUNDATIONS.

  • TECHNICAL HIGHLIGHT: LIFTING CAPACITY UP TO 2,900 TON AND UPENDING CAPACITY UP TO 1,450 TON FOR 8M DIAMETER MONOPILES.

SEAFASTENING AND STORAGE TOWERS

  • CUSTOMER: DEME

  • SCOPE OF WORK: ENGINEERING AND FABRICATION OF A BOAT LANDING INSTALLATION TOOL (BLIT), SEAFASTENING FRAME, AND 4 STORAGE TOWERS.

  • TECHNICAL HIGHLIGHT: WIRELESS REMOTE-CONTROL FOR PRECISION ORIENTATION AND INSERTION OF BOAT LANDINGS.

ROCK INSTALLATION SYSTEM

  • CUSTOMER: JAN DE NUL

  • SCOPE OF WORK: SUPPLY OF A VERTICAL AND INCLINED FALL PIPE SYSTEM AND ROCK TRANSPORT SYSTEM.

  • TECHNICAL HIGHLIGHT: INSTALLATION RATE UP TO 2,000 TONS/HOUR AT WATER DEPTHS UP TO 400 METERS.

OFFSHORE CRANES & BOAT HANDLING CRANES

  • CUSTOMER: FINCANTIERI

  • SCOPE OF WORK: SUPPLY OF A COMPLETE CRANE PACKAGE INCLUDING OFFSHORE, HARBOUR, AND BOAT HANDLING CRANES.

  • TECHNICAL HIGHLIGHT: TELESCOPIC CRANES FULLY INTEGRATED WITH VESSEL STRUCTURE AND ONBOARD SYSTEMS.

LINERS DLN
(DRY LOW NOX)

  • CUSTOMER: ETHOS ENERGY

  • SCOPE OF WORK: PRECISION MANUFACTURING OF DLN LINERS AND COMPONENTS FOR FRAME-7 GAS TURBINES.

  • TECHNICAL HIGHLIGHT: DEVELOPMENT OF NEW FLOW TESTING PROCEDURES AND CUSTOMIZED EQUIPMENT DESIGN.

BOILER BURNERS

  • CUSTOMER: MACCHI BOILER

  • SCOPE OF WORK: SUPPLY OF NO. 40 BOILER BURNERS FOR A NATURAL GAS LIQUIDS (NGL) PLANT IN SAUDI ARABIA.

  • TECHNICAL HIGHLIGHT: ADVANCED SUPERALLOY WELDING EXPERTISE AND FULL 9COM CERTIFICATION COMPLIANCE.

FINANCIAL

REPORT

FINANCIAL REPORT

0Ml€
ORDER INTAKE
0Ml€
REVENUES
0%
EBITDA