Italgas reports 17% rise in nine-month core profit

Italgas SpA

29/10/2026 12:33

Oct 29 (Reuters) - Europe's largest gas distributor Italgas IG.MI reported a 17% rise in its adjusted core profit to €1.60 billion ($1.78 billion) for the first nine months of the year, driven by investments and operational synergies from its acquisition of smaller rival 2i Rete Gas.
"The combination of investments, innovation and operational discipline continues to strengthen our European leadership in energy infrastructure,” CEO Paolo Gallo said in a statement.
Adjusted net profit attributable to the group rose 18.3% to €585.5 million
Adjusted revenue grew 10.1% from a year ago to €1.98 billion
Technical investments jumped 42.5% to €1.1 billion, as the company expanded its network infrastructure
($1 = 0.8971 euros)

(Reporting by Romolo Tosiani in Gdansk; Editing by Milla Nissi-Prussak)
((Romolo.Tosiani@tr.com;))