A2A S.p.A. Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	14,331	13,739	12,570	14,492	22,938	11,352
Other Revenue	309	324	287	138	114	37
Revenue	14,640	14,063	12,857	14,630	23,052	11,389
Revenue Growth (YoY)	11.09%	9.38%	-12.12%	-36.54%	102.41%	70.37%
Operations & Maintenance	212	212	232	242	220	203
Selling, General & Admin	76	76	90	-	-	118
Depreciation & Amortization	967	955	884	952	814	755
Other Operating Expenses	12,182	11,572	10,320	12,468	21,384	9,680
Total Operating Expenses	13,438	12,815	11,526	13,662	22,418	10,756
Operating Income	1,202	1,248	1,331	968	634	633
Interest Expense	-183	-186	-169	-170	-96	-70
Interest Income	27	29	47	61	13	6
Net Interest Expense	-156	-157	-122	-109	-83	-64
Income (Loss) on Equity Investments	27	28	2	-	2	2
Currency Exchange Gain (Loss)	-	-	-	-	2	1
Other Non-Operating Income (Expenses)	-14	-14	13	21	41	-
EBT Excluding Unusual Items	1,059	1,105	1,224	880	596	572
Gain (Loss) on Sale of Investments	-	-	1	-1	-	-
Asset Writedown	-13	-13	-14	-2	-2	-13
Other Unusual Items	-	-	-	2	157	31
Pretax Income	1,046	1,092	1,211	879	751	590
Income Tax Expense	303	310	319	199	344	36
Earnings From Continuing Ops.	743	782	892	680	407	554
Earnings From Discontinued Ops.	-	-	-	3	41	-4
Net Income to Company	743	782	892	683	448	550
Minority Interest in Earnings	-31	-32	-28	-24	-47	-46
Net Income	712	750	864	659	401	504
Net Income to Common	712	750	864	659	401	504
Net Income Growth	-13.91%	-13.19%	31.11%	64.34%	-20.44%	38.46%
Shares Outstanding (Basic)	3,129	3,131	3,133	3,133	3,133	3,074
Shares Outstanding (Diluted)	3,129	3,131	3,133	3,133	3,133	3,074
Shares Change (YoY)	-	-0.04%	-	-	1.93%	-1.14%
EPS (Basic)	0.23	0.24	0.28	0.21	0.13	0.16
EPS (Diluted)	0.23	0.24	0.28	0.21	0.13	0.16
EPS Growth	-	-13.16%	31.23%	64.19%	-21.86%	41.73%
Free Cash Flow	457	942	408	395	706	684
Free Cash Flow Per Share	0.15	0.30	0.13	0.13	0.23	0.22
Dividend Per Share	-	0.104	0.100	0.096	0.090	0.082
Dividend Growth	-	4.00%	4.38%	5.97%	9.71%	3.00%
Profit Margin	4.86%	5.33%	6.72%	4.50%	1.74%	4.42%
Free Cash Flow Margin	3.12%	6.70%	3.17%	2.70%	3.06%	6.01%
EBITDA	2,125	2,157	2,224	1,769	1,358	1,271
EBITDA Margin	14.52%	15.34%	17.30%	12.09%	5.89%	11.16%
D&A For EBITDA	923	909	893	801	724	638
EBIT	1,202	1,248	1,331	968	634	633
EBIT Margin	8.21%	8.87%	10.35%	6.62%	2.75%	5.56%
Effective Tax Rate	28.97%	28.39%	26.34%	22.64%	45.81%	6.10%
Revenue as Reported	14,640	14,063	12,857	14,758	23,156	11,549

Source: S&P Global Market Intelligence. Utility template. Financial Sources.