Italy · Delayed Price · Currency is EUR Iren SpA Earnings Call Transcripts
Fiscal Year 2025
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EBITDA rose 6% and net profit 12% year-over-year, driven by organic growth, synergies, and Egea consolidation. 2026 guidance targets 4% EBITDA growth, €950 million in investments, and stable leverage, with hedging strategies mitigating energy price volatility.
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Nine-month 2025 results show strong growth in EBITDA and net profit, driven by acquisitions, synergies, and increased investments. The 2025-2030 plan targets €6.9 billion in investments, focusing on regulated sectors, with a robust dividend policy and improved financial ratios.
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Double-digit growth in H1 with EBITDA up 14% and net profit up 24% year-over-year, driven by EGEA consolidation and strong segment performance. 2025 guidance is confirmed, but H2 is expected to be weaker due to non-recurring items and lower hydro output.
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Q1 2025 delivered strong growth in EBITDA (+9%) and net profit (+8%), driven by electricity recovery, Egea integration, and robust regulated sector performance. Net debt fell below EUR 4 billion, and 2025 guidance was confirmed, with continued investment and stable leverage.
Fiscal Year 2024
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EBITDA grew 6.5% and net profit rose 5% in 2024, driven by networks, market, and M&A. 2025 guidance targets further EBITDA growth, stable leverage, and major investments, with continued operational synergies and integration of recent acquisitions.
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EBITDA rose 8% year-on-year to EUR 924 million, with net profit up 9% and strong operational gains in renewables, waste, and customer growth. 2024 guidance was raised, with year-end EBITDA expected at EUR 1,250 million and continued investment in green initiatives and acquisitions.
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H1 2024 saw 5% EBITDA growth, stable net profit, and strong cash flow, with investments focused on regulated networks, renewables, and sustainability. 2024 guidance is confirmed, with continued growth expected in regulated businesses and a resilient retail segment.
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The updated 2030 plan prioritizes regulated businesses, reduces CapEx to €8.2bn, and targets 80% of EBITDA from regulated activities. Growth is driven by organic investments, Egea integration, and a strong focus on sustainability, with a reinforced dividend policy and robust financial discipline.