net assets
Generate value for the country
In 2025, a year still marked by significant geopolitical uncertainties, growing international trade tensions and an economic slowdown in certain key countries, Fondazione Fiera Milano achieved positive results, consolidating significant financial and governance achievements, which enable it to reaffirm the soundness and consistency of its long-term strategic vision.
Thanks to careful and responsible management, the Foundation has reaffirmed its commitment to enhancing the value of its assets and capital, and its role as a key player capable of fostering Fiera Milano’s competitiveness, investing in the local area through major urban regeneration and redevelopment projects, and supporting round-table discussions and social, cultural and educational initiatives involving the most important public and private organisations operating in various sectors.
New investments
Fondazione Fiera Milano’s activities aimed at developing the trade fair and conference sector and enhancing the well-being of its local area continue, with investments planned for the three-year period 2025–2027 totalling approximately 214 million euros, in addition to the 50 million euros invested in 2025.
These investments relate to the new building, which RAI will subsequently adapt to its operational needs as a new production centre and office block, and the Albergo Scarampo, currently under construction just a few dozen metres from the Allianz MiCo. Added to this is the commitment – also from the strategic perspective of a proactive shareholder in Fiera Milano – to capitalising on the Olympic legacy following the global success of the Milan-Cortina 2026 Winter Olympic and Paralympic Games. This enhancement will take the form of the construction of the Live DOME, set to become one of Europe’s leading venues for events, concerts and indoor sporting competitions, and the creation of the Milan Ice Fiera Arena, a temporary facility with a capacity of around 4,000 seats which, from October 2026, will host ice sports in Milan, to be followed by the construction of a permanent venue. In addition to these projects, a hotel is currently under construction within the towers in the Rho exhibition centre district that previously housed the staff of Fiera Milano spa.
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Training, analysis, enhancement
Alongside infrastructure and major projects, the Foundation continues to invest in its unique cultural, educational and exhibition assets.
Every year, its Academy trains new professionals specialising in the events, trade fairs and conferences sectors: a strategic investment that is becoming increasingly important in preparing the trade fairs of tomorrow for the transformations that are redefining the sector globally. Alongside the two existing master’s programmes – MEED and Progea – this year sees the launch of EXEM, developed in collaboration with the Catholic University of the Sacred Heart in Milan.
Its Research Centre continues to be a key hub for the analysis and interpretation of economic and social changes, providing the Foundation and its stakeholders with essential tools for understanding future scenarios.
Work also continues on enhancing the Foundation’s Historical Archive, which preserves not only the history of the Milan Trade Fair, but also a significant part of the country’s political, industrial, economic and cultural history.
Reporting template
With a view to promoting a culture of integrity and legality in all its activities, encouraging ethical behaviour and transparent procedures, and in accordance with the UNI ISO 37001/2025 standard, the Foundation has also embarked on the process of obtaining Anti-Corruption Management System Certification. In accordance with the new single European standard ESRS, introduced by the Corporate Sustainability Reporting Directive (CSRD), the Foundation has also produced the second edition of its Sustainability Statement (FY25). In addition, Fondazione has officially obtained Gender Equality Certification, an important recognition of its ongoing commitment to creating an inclusive, fair and respectful working environment, where everyone has the same opportunities to express their talent and develop professionally, regardless of gender.
Finally, Fondazione Fiera Milano’s Annual Report, which draws inspiration from the reporting and transparency models adopted by listed companies, brings together financial and non-financial disclosures in a single document, offering a comprehensive overview of the results achieved, the initiatives carried out and the commitments made.