ERG S.p.A. Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	754.07	738.07	740.94	713.84	601.41	856.09
Other Revenue	-	-	-	-	0.04	6.29
Revenue	754.07	738.07	740.94	713.84	601.45	862.38
Revenue Growth (YoY)	-1.03%	-0.39%	3.80%	18.69%	-30.26%	-15.81%
Operations & Maintenance	57.29	57.29	45.57	39.85	33.69	38.04
Selling, General & Admin	0.55	0.55	0.45	0.48	0.32	0.32
Depreciation & Amortization	201.23	189.23	157.08	176.69	156.18	193.53
Amortization of Goodwill & Intangibles	77.61	77.61	67.78	58.74	50.11	54.27
Provision for Bad Debts	-	-	-	-	8.42	0.44
Other Operating Expenses	164.64	156.64	169.69	160.99	175.4	407.99
Total Operating Expenses	501.32	481.32	440.56	436.74	424.12	694.6
Operating Income	252.74	256.74	300.38	277.1	177.32	167.79
Interest Expense	-86.82	-69.82	-48.03	-37.66	-34.45	-44.44
Interest Income	27.01	27.01	18.49	2.02	3.32	2.65
Net Interest Expense	-59.8	-42.8	-29.54	-35.64	-31.13	-41.79
Income (Loss) on Equity Investments	-2.01	-2.01	5.39	2.29	0.54	0.34
Currency Exchange Gain (Loss)	0.86	0.86	-0.02	0.05	0.25	-0.14
Other Non-Operating Income (Expenses)	27.23	26.23	24.97	6.88	-0.84	-5.53
EBT Excluding Unusual Items	219.01	239.01	301.18	250.68	146.14	120.67
Total Merger & Restructuring Charges	-	-	-2	-0.9	-0.6	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	61.43
Asset Writedown	-12.03	-11.03	-	-43.19	-22.02	-8.09
Insurance Settlements	-	-	-	-	-	4.7
Other Unusual Items	-10.57	-4.57	-9.05	-20.06	-5.58	-61
Pretax Income	196.42	223.42	290.14	186.54	117.94	117.71
Income Tax Expense	24.7	33.7	74.06	97.57	31.98	8.17
Earnings From Continuing Ops.	171.72	189.72	216.07	88.97	85.96	109.54
Earnings From Discontinued Ops.	-	-	-35.58	294.13	88.49	-
Net Income to Company	171.72	189.72	180.5	383.1	174.45	109.54
Minority Interest in Earnings	-4.63	-2.63	-1.83	-4.16	-1.55	-1.66
Net Income	167.09	187.09	178.67	378.94	172.9	107.89
Net Income to Common	167.09	187.09	178.67	378.94	172.9	107.89
Net Income Growth	0.86%	4.71%	-52.85%	119.17%	60.26%	241.92%
Shares Outstanding (Basic)	145	146	149	150	149	149
Shares Outstanding (Diluted)	145	146	149	150	149	149
Shares Change (YoY)	-	-2.06%	-0.16%	0.33%	0.16%	-0.04%
EPS (Basic)	1.15	1.28	1.20	2.53	1.16	0.72
EPS (Diluted)	1.15	1.28	1.20	2.53	1.16	0.72
EPS Growth	-	6.92%	-52.77%	118.45%	60.00%	242.06%
Free Cash Flow	569.12	256.12	582.43	353.79	-45.92	305.03
Free Cash Flow Per Share	3.92	1.75	3.90	2.37	-0.31	2.05
Dividend Per Share	-	1.000	1.000	1.000	0.900	0.750
Dividend Growth	-	-	-	11.11%	20.00%	-
Profit Margin	22.16%	25.35%	24.11%	53.09%	28.75%	12.51%
Free Cash Flow Margin	75.47%	34.70%	78.61%	49.56%	-7.63%	35.37%
EBITDA	518.49	511.49	515.54	503.88	377.2	465.54
EBITDA Margin	68.76%	69.30%	69.58%	70.59%	62.72%	53.98%
D&A For EBITDA	265.75	254.75	215.15	226.78	199.88	297.76
EBIT	252.74	256.74	300.38	277.1	177.32	167.79
EBIT Margin	33.52%	34.79%	40.54%	38.82%	29.48%	19.46%
Effective Tax Rate	12.57%	15.08%	25.53%	52.31%	27.12%	6.94%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.