Italy · Delayed Price · Currency is EUR Terna Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 10 grid projects authorized, strong revenue and EBITDA growth, and robust ESG achievements. CapEx was down due to timing, but guidance for 2026 is confirmed. Net debt fell, and renewables and storage pipelines expanded.
Fiscal Year 2025
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2025 saw strong financial and operational results, with revenues up 10%, EBITDA up 7%, and accelerated investments supporting grid modernization and renewables integration. Outlook for 2026 remains positive, with continued growth and robust financial discipline.
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Revenues and EBITDA grew 9% and 7% year-over-year, with record CapEx and strong progress in grid development and renewables integration. Full-year 2025 guidance is confirmed, supported by robust financing and a stable regulatory environment.
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Strong H1 2025 results with 8% growth in revenue, EBITDA, and net income, record CapEx, and robust financing for major grid projects. Renewables and digitalization drive growth, while guidance for 2025 is confirmed.
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Q1 2025 saw 5% revenue and 4% EBITDA growth, with net income up 3% and CapEx surging 16%. Ratings were upgraded, green financing expanded, and grid investments accelerated, supporting the energy transition and confirming all guidance targets.
Fiscal Year 2024
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The updated 2024-2028 plan features record investments, double-digit growth in all key financials, and a reinforced focus on regulated activities and sustainability. Guidance is raised for revenues, EBITDA, and net income, with strong execution and risk mitigation strategies in place.
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Double-digit growth in revenue, EBITDA, and net income was driven by strong regulated activity, higher incentives, and increased Capex. 2024 guidance was raised for revenue, EBITDA, and EPS, with a major grid acquisition in Rome expected to be EPS accretive from year one.
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Strong first-half results with double-digit growth in revenue, EBITDA, and net income, driven by robust CapEx and progress on major infrastructure projects. Renewables integration and sustainability remain central, with guidance for 2024 confirmed.