Strong Financial Results
Adjusted EBITDA of EUR761 million, up 8.3% year-on-year, and adjusted net income at EUR406 million, up 21.2% year-on-year.
Strategic M&A Activities
Acquisition of Edison Stoccaggio completed, and sale of stake in ADNOC gas pipelines for EUR234 million, resulting in a capital gain of EUR120 million net of taxes.
Regulatory Updates
Weighted average cost of capital formula updated, providing future visibility. Resolution 130 changed RAB indexation, creating a one-off EUR52 million effect related to 2024 recovery.
Expansion in European Market
Acquisition of 24.99% stake in Vier Gas Holding, marking entry into German energy infrastructure space and strengthening presence in Europe.
Sustainability Initiatives
28% of CapEx aligns with EU taxonomy, and 52% with SDGs. New sustainable finance framework launched with ambitious carbon neutrality and net zero goals.