Italy's A2A posts 4% drop in yearly core profit, proposes higher dividend
17/03/2026 10:57
March 17 (Reuters) - Italian utility A2A A2.MI reported a 4% fall in its full-year core profit, hit by normalised hydroelectric output, while confirming its 2026 outlook and proposing a higher dividend on Tuesday. Its adjusted earnings before interest, taxes, depreciation and amortisation were 2.24 billion euros ($2.58 billion) in 2025. "Despite the international tensions we are witnessing, we will continue to invest in the capacity and flexibility of the energy system as well as in innovation and digitalization," CEO Renato Mazzoncini said. Full-year adjusted net profit fell 16% to 686 million euros The group proposed a dividend of 0.104 euro per share, up 4% from last year End-2025 net financial position was 5.47 billion euros, versus 5.84 billion a year before Capital spending up 11% at 1.68 billion euros, slightly above consensus of 1.63 billion euros Confirmed 2026 EBITDA guidance of 2.21-2.25 billion euros and net profit of 630-660 million euros, both adjusted for consolidation of Duereti Shares rise 4.6% after publication ($1 = 0.8688 euros) (Reporting by Laura Contemori in Gdansk; Editing by Milla Nissi-Prussak) ((Laura.Contemori@thomsonreuters.com;))