Press release

Sound economic and financial performance substantiates the industrial strategy validity and effectiveness Consolidation of operations with a strong infrastructural connotation

1H2025 Results

• Investments: rising to €668m (+18% versus 1H2024), with focus on regulated businesses[1] (representing around 87% of the total, 96% excluding ACEA Energia).
• EBITDA: €731m, +12% versus 1H2024 (recurring EBITDA €705m, +9%), driven by the growth in regulated businesses, which account for 94% of Group EBITDA).
• Net profit €227m, +32% versus 1H2024 (recurring net profit €204m, +7%).
• Proforma Net Debt/LTM EBITDA ratio[2] equal to 3.36x (3.23x at 31 December 2024).
  
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• Water: strategic investment projects launched, such as the Ottavia-Trionfale adductor, also taking advantage of the opportunities offered by the NRRP. The tender notice for the construction of the New Peschiera Aqueduct, one of the largest infrastructure investments at an European level in the water sector, has also been published.
• Electricity: the asset rotation process continues in accordance with the Business Plan. Following the sale of the High Voltage electricity grid to Terna, Acea approved the binding offer submitted by Eni Plenitude for the purchase of Acea Energia.
• Environment: upgrade of plant equipment, with the start of works for the construction of the San Vittore WTE facility’s fourth line and the recent award of the project for Rome’s new incinerator, major steps forward to contribute to a more sustainable management of waste.
• Gas: a new company has been created with a view to taking advantage of future growth opportunities and further enhancing our competitive position in the sector on the Italian market.

Today’s meeting of the Board of Directors of Acea in the new offices in Florence, chaired by Barbara Marinali, has approved the Interim Report for the six months ended 30 June 2025.

Acea’s Chief Executive Officer, Fabrizio Palermo, commented: “The half year results, reflecting stability and an upward trend, confirm the effectiveness of the industrial strategy undertaken, which sees the Group more and more focused on the regulated infrastructural businesses.

Furthermore, our management and operational skills allow us to implement the investment plans as regards all our business sectors and achieve the performance objectives that we have set ourselves. Innovation and the new technologies will be increasingly integrated into our daily operations and the execution of major works to which we are committed”.

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