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Iren S.p.A. ( (IT:IRE) ) has issued an announcement.
Iren reported first-quarter 2026 EBITDA of €418 million, essentially flat year-on-year, supported by organic growth in regulated activities, €4 million in synergies and improved waste treatment margins, while energy supply was hit by lower hydroelectric output and tougher competition. Group net profit slipped 5% to €129 million due to higher depreciation and bad-debt provisions, but net financial debt edged down 1% to €4.18 billion as strong cash generation fully funded a 3% rise in technical investments to €190 million, mainly in water, networks and digital projects.
The board confirmed full-year guidance, targeting 2026 EBITDA growth of 4%, investments of about €950 million and a net debt/EBITDA ratio of 3.1x, and now also expects net profit to grow 3% versus 2025, underscoring confidence in the industrial and financial plan. ESG performance remained a core pillar, with 62% of capex eligible under the EU Taxonomy, renewable capacity up 12% to add 243 MW, separate waste collection rising to 71.4%, district-heated volumes increasing 2% and continued job creation, reinforcing Iren’s positioning as a driver of sustainable urban development in its reference regions.
The most recent analyst rating on (IT:IRE) stock is a Hold with a EUR2.90 price target. To see the full list of analyst forecasts on Iren S.p.A. stock, see the IT:IRE Stock Forecast page.
More about Iren S.p.A.
Iren S.p.A. is an Italian multi-utility group operating in regulated and semi-regulated businesses including the integrated water cycle, electricity and gas networks, waste collection and treatment, district heating and energy services. The company focuses its investments largely in its core territories in Italy, prioritising sustainable infrastructure and projects aligned with the EU Taxonomy.
YTD Price Performance: 2.27%
Average Trading Volume: 1,492,567
Technical Sentiment Signal: Strong Buy
Current Market Cap: €3.35B
Learn more about IRE stock on TipRanks’ Stock Analysis page.