A2A S.p.A. (BIT:A2A)
Italy flag Italy · Delayed Price · Currency is EUR
2.283
-0.008 (-0.35%)
Aug 12, 2026, 5:35 PM CET

A2A S.p.A. Financials Overview

Millions EUR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
15,58914,06312,85714,75823,15611,549
Revenue Growth
14.08%9.38%-12.88%-36.27%100.50%68.65%
Gross Profit
4,4542,6382,7472,3521,8911,740
Operating Income
1,1591,2351,3171,017682660
Net Income
687750864659401504
Earnings Per Share
0.220.240.280.210.130.16
EPS Growth
-14.31%-13.19%31.32%64.01%-21.84%40.09%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Eliminations
-6,192-5,996-5,686-6,649-8,518-3,242
Smart Infrastructures
1,1631,1688521,5521,5291,248
Corporate
384383353337320284
Generation and Trading
10,3529,0098,51910,92019,6058,006
Market
7,5737,2196,6707,1408,7983,849
Circular Economy
2,2572,2802,149---
Total
15,53714,06312,85714,75823,15611,352

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,5991,9031,5811,6622,598973
Total Debt
7,4147,2607,2726,3516,8895,068
Net Cash (Debt)
-5,815-5,357-5,691-4,689-4,291-4,095
Net Cash Growth
------
Net Cash Per Share
-1.86-1.71-1.82-1.50-1.37-1.33

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,331893.54455.781,040517.071,135
Capital Expenditures
-1,239-106.78-68.82-947-39.42-714
Free Cash Flow
92786.76386.9693477.65421
Free Cash Flow Growth
-70.13%103.32%316.09%-80.53%13.46%188.36%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
28.57%18.76%21.37%15.94%8.17%15.07%
Operating Margin
7.43%8.78%10.24%6.89%2.95%5.71%
Pretax Margin
3.59%7.77%9.42%5.96%3.24%5.11%
Profit Margin
2.46%5.56%6.94%4.61%1.76%4.80%
FCF Margin
0.59%5.59%3.01%0.63%2.06%3.65%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.1040.1040.1000.0960.0900.082
Dividend Per Share Growth
4.00%4.00%4.38%5.97%9.71%3.00%
Dividend Yield
4.54%0.00%0.00%0.00%0.00%0.00%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
10.469.657.778.859.7210.49
Forward PE
10.9710.859.2910.0110.1114.26
P/FCF Ratio
16.409.1917.3762.628.1712.80
PS Ratio
0.460.510.520.390.170.47