Italy · Delayed Price · Currency is EUR Terna Earnings Call Transcripts
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.