Italy's Terna nine-month core profit up 7% as grid investments pay off

Terna Rete Elettrica Nazionale SpA

13/11/2025 14:41

Nov 13 (Reuters) - Italy's state-controlled power grid operator Terna TRN.MI posted on Thursday a 7% rise in nine-month core profit (EBITDA) to 2.03 billion euros ($2.4 billion), boosted by investments in the energy transition and grid efficiency.

Terna's nine-month capital expenditure totalled 2.09 billion euros, up 22.9% year-on-year, just below the 2.12 billion euros estimate compiled by brokerage Equita.

"We are continuing our work with commitment, aware that the development of the transmission grid and all the initiatives undertaken by Terna make a significant contribution to the energy transition and to the country's growth," CEO Giuseppina Di Foggia said in a statement.

The Rome-based group also pledged to distribute an interim dividend of 0.1192 euros per share.

($1 = 0.8575 euros)

 (Reporting by Romolo Tosiani in Gdansk. Editing by Mark Potter)

 ((Romolo.Tosiani@tr.com;))