H-Farm SpA

H-Farm SpA

MMIL:FARM
0.21
EUR
+0.00
(+0.95%)
36.63MMarket Cap
Mar 03Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.04
0.17
0.35
0.49
0.65
0.66
0.4
0.48
0.27
0.19
0.19
- -
Basic EPS, GAAP
-0.01
-0.06
-0.07
-0.07
-0.06
-0.14
-0.11
-0.04
-0.07
-0.04
0.17
- -
Free Cash Flow per Basic Share
- -
-0.04
-0.08
-0.05
-0.07
-0.03
-0.09
-0.04
0.07
-0.04
-0.06
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.1
0.44
0.37
0.28
0.25
0.19
0.1
0.06
0.06
0.04
0.21
0.14
Tangible Book Value per Share
0.09
0.32
0.25
0.07
0.03
-0.03
-0.05
-0.07
-0.01
- -
0.19
0.11
Basic Weighted Avg Shares
90
90
90
89
86
90
130
130
130
200
200
200
Sales/Revenue/Turnover
3
15
31
44
55
59
51
62
34
37
39
- -
Operating Margin (%)
-50.54
-18.27
-15.64
-11.19
-14.52
-15.68
-16.83
-13.84
-24.6
-17.28
-17.22
- -
Depreciation Expense
- -
1
2
3
4
5
5
5
4
4
3
- -
Net Income, GAAP
- -
-5
-6
-6
-5
-13
-15
-6
-9
-8
34
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.5
- -
Profit Margin (%)
-14.41
-32.91
-20.22
-14.23
-8.78
-21.7
-28.7
-9.1
-25.86
-21.43
89.19
- -
Working Capital
2
18
10
- -
-4
-8
5
-1
-8
-13
20
8
LT Debt
3
1
1
6
5
4
17
17
4
3
1
3
Total Equity
9
40
33
25
21
17
12
7
8
8
42
28
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-27.79
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
120.28
- -
Return on Common Equity (%)
- -
-20.32
-17.18
-21.48
-21.11
-66.75
-100.02
-57.7
-118.78
-102.9
138.8
- -

Capital Structure

EUR

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
2
2
1
LT Borrowings
2
1
3
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
200
200
Market Capitalization
30
36
37

Working Capital

EUR

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
15
36
20
Cash, Cash Equivalents & STI
5
21
5
Accounts Receivable, Net
6
10
6
Inventories
- -
- -
- -
Total Current Liabilities
29
16
12
Payables & Accruals
- -
- -
- -
ST Debt
2
2
1
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
66.89%
76.51%
446%
Free Cash Flow
- -
-23.87%
33.67%
Net Income, GAAP
56.98%
-106.51%
-532.66%
Sales/Revenue/Turnover
50.91%
-5%
3.97%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
37
2025
- -
- -
39
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.04
2025
- -
- -
0.17
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Riccardo Donadon
Full Time Employees
167
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Tenuta Ca’ Tron Roncade TV Italy 31056
IPO Date
Nov 13, 2015
Website
h-farm.com
Business
H-Farm S.p.A. (FARM.MI) operates as a venture builder and innovation platform that fosters digital transformation through investments in startups, incubation services, educational programs, consulting, and research initiatives; core offerings encompass venture capital focusing on pre-seed and seed-stage direct investments and fund-of-funds in sectors including digital technologies, blockchain, edutech, agritech, fashion tech, artificial intelligence, digital marketing, business transformation, human innovation, and branding; incubation and acceleration programs; AI services such as AI assessments, workshops, transformation labs, R&D projects; and campus-based ecosystems spanning education, health, sports, and consulting. The company serves startups, corporations seeking digital innovation, educational institutions, and investors, with primary operations in Italy across its headquarters campus in Roncade, Veneto, and offices in Milan, Rome, Turin, and Catania; additional presence includes Barcelona, Spain, and subsidiaries like International School of Treviso Srl, Celi, Bigrock, and H-Farm USA, Inc. Founded in 2005 by Riccardo Donadon, H-Farm S.p.A. maintains approximately 473 employees and generates revenue from services and asset management activities. Recent developments include a proposed capital increase of up to EUR15 million over five years, approved for presentation at an Extraordinary Shareholders' Meeting in November 2024, to support growth in education and real estate amid anticipated fiscal losses; and in June 2025, the sale of H-FARM International Schools to Nord Anglia Education, marking the group's entry into Italy with its STEAM-focused institutions, subject to regulatory approvals, while founder Riccardo Donadon retains a leadership role.