Italy's Terna forecasts higher profit, investments this year (updated)

Terna Rete Elettrica Nazionale SpA

26/03/2026 18:13

Adds details, background

MILAN, March 26 (Reuters) - Italy's power grid operator Terna TRN.MI said on Thursday it expects core earnings in 2026 to rise 6.5% year on year to 2.93 billion euros ($3.4 billion), supported by growth at its regulated business.

The group, which runs Italy's high-voltage power network, plans to invest 4.2 billion euros this year.

Requests for power connections from data centers are currently worth 80 gigawatts, Terna CEO Giuseppina Di Foggia said.

Last year earnings before interest, taxes, depreciation and amortisation rose 7% to 2.75 billion euros ($3.2 billion), slightly above market consensus.

Capital expenditure rose 30% in 2025 to 3.5 billion euros as the group invested to develop the domestic electricity network.

Last year, Terna completed the laying of a submarine power cable between Italy's southern region of Campania and the country's two main islands Sicily and Sardinia, one of the flagship projects in its business plan.

Terna said its debt rose to 13 billion euros at the end of last year from 11.2 billion euros at the end of 2024.

($1 = 0.8670 euros)

 (Reporting by Francesca Landini, editing by Gavin Jones and Susan Fenton)

 ((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))