Italy's Terna 2025 revenue, net profit rise

Terna Rete Elettrica Nazionale SpA

26/03/2026 13:32

Overview

Italy electricity grid operator's 2025 revenue rose 9.6% year-on-year

Net profit for 2025 increased 4.7% from prior year

Capital expenditure hit record high, rising 30.6% year-on-year

Outlook

Company did not provide specific guidance for the current or future periods in press release

Result Drivers

CAPEX SURGE - Record capital expenditure, up 30.6% year-on-year, driven by investments in grid development and security projects

REGULATED ACTIVITIES - Revenue from regulated activities rose 5.9% due to expansion of the regulated asset base and increased tariff revenues

NON-REGULATED ACTIVITIES - Revenue from non-regulated activities grew 29.2%, mainly due to higher contributions from the Energy Services and Equipment businesses

Company press release: ID:nBIAbLCFct

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
EUR 1.11 bln
FY Capex
EUR 3.50 bln
FY Net Debt
EUR 13 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "hold"

Wall Street's median 12-month price target for Terna Rete Elettrica Nazionale SpA is €9.50, about 1.3% below its March 25 closing price of €9.62

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)