MILAN (ITALPRESS) – A2A closes the first trimester by making adjusted revenues at 4.552 million, with +15% compared to the first three months of 2025 (3.968 million) thanks to the increase of electricity sold on retail and intermediate markets on wholesale markets, partly offset by the decrease in commodity prices. The adjusted gross operating margin stood at 647 million, -4% compared to the first quarter of the previous year (675 million), mainly due to the reduction of commodity prices, the increase of the costs for granting fees and the lower contribution in the quarter of some treatment plants due to planned maintenance and the renewal of the service contract relating to the plant of Acerra. This trend was partly offset by the increase in the contribution of electricity distribution, and by the major productions from renewable sources.
The adjusted net profit is pairs to 221 million, in reduction of 11% regarding the analogy period of 2025 (249 million), following the contraction of the adjusted gross operating margin and the increase of the amortisations for the greater investments realized. Investments amounted to 315 million, up by 4% compared to the first quarter of the previous year, of which about 70% related to development projects for the strengthening and efficiency of electricity distribution networks, for the further realization of photovoltaic assets, as well as for the growth of business in the circular economy.
66% of investment is eligible for European taxonomy. The net financial position lies at 5.628 million (5,474 million at 31 December 2025), as a consequence of the seasonality of the business. The forecasts on the exercise 2026 confirm an adjusted Ebitda between 2,21 and 2,25 billion and a net profit of adjusted group, between 0,63-0,66 billion.
“In the first quarter we confirmed our commitment to the ecological transition, with investments of 315 million, an increase of 4% compared to the same period of 2025. On the renewable front, the installed capacity has reached 2.7 GW, thanks to the entry into operation of new wind and photovoltaic plants and green production is increased by 14%, consolidating the role of A2A in favor of the growth of energy autonomy of the country”. So Renato Mazzoncini, managing director of A2A, commenting on the data relating to the first quarter.
“We believe that renewable sources are a fundamental lever for national energy independence and for price stabilisation for families and businesses, and we hope that the regulatory framework will increase its development. In a still volatile scenario – he added – the solidity of our economic-financial indicators attests the effectiveness of the industrial model adopted and allows us to look forward with confidence continuing with discipline in the implementation of the Strategic Plan and in the generation of sustainable value for all stakeholders”, concluded Mazzoncini.
-Photo IPA Agency-
(ITALPRESS).
