Italy's Terna posts rise of over 26% in H1 capex

Terna Rete Elettrica Nazionale SpA

29/07/2025 15:43

July 29 (Reuters) - Italy's state-controlled power grid operator Terna TRN.MI reported on Tuesday a 26.6% annual rise in its capital expenditure (CAPEX) in the first half, accelerating its investment in the Italian electricity system.

The record high CAPEX totaled 1.32 billion euros ($1.52 billion) between January and June, the company said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 1.36 billion euros, up 8.2%.

   ($1 = 0.8666 euros)

 (Reporting by Enrico Sciacovelli and Philippe Leroy Beaulieu in Gdansk, editing XXX)

 ((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))