Strong growth in results enables upward revision of 2025 EBITDA guidance

 

With around 95% of EBITDA deriving from regulated businesses, the group consolidates its role as infrastructure operator strongly focused on sustainability and innovation

 

 

9M2025 Results

• Capex: growing to €1,010m (+6% versus 9M2024), primarily focused on regulated businesses (representing 89% of total, 95% excluding ACEA Energia).

• Proforma EBITDA: €1,084m, +8% versus proforma 9M2024 (recurring proforma EBITDA €1,069m, +10%), mainly driven by the performance of regulated businesses, which account for 95% of Group EBITDA.

• Net profit €415m, +46% versus 9M2024 including the capital gain generated by the sale of the High Voltage grid (Recurring net profit €301m, +8%).

• Proforma Net Debt/LTM EBITDA ratio equal to 3.39x (3.34x at 31 December 2024) in line with 2025 guidance.

• Upward revision of 2025 proforma EBITDA guidance to +8%/+10% (previously +6%/+8%) versus 2024 restated figure, owing to the strong growth in results posted during the first nine months of the year.

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• Water: ongoing evolution towards even more efficient and innovative management of water resources, also by introducing advanced solutions, enhancing sustainability and ensuring reliable essential services of value to the community. Moreover, the growth path continues via strategic projects and participation in tenders for new concessions.

• Electricity: the transition towards a more resilient, efficient and digitalised distribution network continues, also facilitated by the utilisation of new technologies, starting with robotics and artificial intelligence.

• Environment: successfully launched preparatory activities for the construction of Rome’s waste-to-energy plant, a fundamental infrastructure for innovative and efficient waste management.

 

Today’s meeting of Acea’s Board of Directors, chaired by Barbara Marinali, approved the Interim Report for the nine months ended 30 September 2025.

 

Acea’s CEO, Fabrizio Palermo, commented: “Owing to the strong improvement in results achieved during the first nine months of the year, ACEA confirms the organic and sustainable growth path announced to the markets, through the optimisation of processes, operations and products. Ordinary EBITDA and net profit are increasing, as are investments. These results demonstrate the effectiveness of our managerial actions: we have enhanced the company’s soundness from a financial and industrial perspective. The broad visibility we have today of the Group’s performance permits us to carry out an upward revision of 2025 EBITDA guidance”.

 

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