Hera S.p.A. Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	12,812	12,890	15,331	20,082	10,555
Other Revenue	156.6	119.9	132.7	481.6	359.6
Revenue	12,969	13,010	15,464	20,564	10,915
Revenue Growth (YoY)	-0.31%	-15.87%	-24.80%	88.40%	45.38%
Depreciation & Amortization	734.3	756.7	746.8	665.6	605.5
Other Operating Expenses	11,432	11,424	13,878	19,368	9,695
Total Operating Expenses	12,166	12,181	14,624	20,033	10,301
Operating Income	802.9	828.9	839.4	530.5	614
Interest Expense	-233.5	-126.3	-138.4	-82.2	-73.1
Interest Income	124.9	61.1	81.6	31.4	33.7
Net Interest Expense	-108.6	-65.2	-56.8	-50.8	-39.4
Income (Loss) on Equity Investments	16.5	12.3	10.3	10	13.2
Other Non-Operating Income (Expenses)	-	-23.9	-114.8	-71.1	-81.3
EBT Excluding Unusual Items	710.8	752.1	678.1	418.6	506.5
Gain (Loss) on Sale of Assets	-	-14.9	-14.8	-8.3	-8
Asset Writedown	-	-1	-6.9	-1.5	-6.6
Other Unusual Items	-	-	-	-	-85
Pretax Income	710.8	736.2	656.4	408.8	406.9
Income Tax Expense	202.5	200.3	173.2	103.5	34.2
Earnings From Continuing Ops.	508.3	535.9	483.2	305.3	372.7
Minority Interest in Earnings	-44	-41.4	-41.8	-50.1	-39.2
Net Income	464.3	494.5	441.4	255.2	333.5
Net Income to Common	464.3	494.5	441.4	255.2	333.5
Net Income Growth	-6.11%	12.03%	72.96%	-23.48%	10.17%
Shares Outstanding (Basic)	1,465	1,441	1,446	1,455	1,461
Shares Outstanding (Diluted)	1,465	1,441	1,446	1,455	1,461
Shares Change (YoY)	1.62%	-0.33%	-0.59%	-0.45%	-0.46%
EPS (Basic)	0.32	0.34	0.31	0.18	0.23
EPS (Diluted)	0.32	0.34	0.30	0.17	0.23
EPS Growth	-7.58%	12.46%	74.28%	-23.24%	10.68%
Free Cash Flow	-	570.9	1,330	-189.9	873.5
Free Cash Flow Per Share	-	0.40	0.92	-0.13	0.60
Dividend Per Share	0.160	0.150	0.140	0.125	0.120
Dividend Growth	6.67%	7.14%	12.00%	4.17%	9.09%
Profit Margin	3.58%	3.80%	2.85%	1.24%	3.06%
Free Cash Flow Margin	-	4.39%	8.60%	-0.92%	8.00%
EBITDA	1,370	1,322	1,292	945.8	1,021
EBITDA Margin	10.56%	10.17%	8.36%	4.60%	9.35%
D&A For EBITDA	567.07	493.5	453	415.3	406.6
EBIT	802.9	828.9	839.4	530.5	614
EBIT Margin	6.19%	6.37%	5.43%	2.58%	5.63%
Effective Tax Rate	28.49%	27.21%	26.39%	25.32%	8.40%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.