Iren closed the first nine months of the year with double-digit growth in profits and revenues and confirmed the guidance for the current financial year. The management also presented the new 2025-2030 Industrial Plan, focused on regulated activities, which envisages investments of 6.4 billion euros.
The numbers for the first nine months of the year
Revenues stood at 4.8 billion euros, up 16% compared to the same period of 2024 and with a gross operating margin (EBITDA) of approximately 1 billion, up 8.7% compared to the 923.5 million euros of the first nine months of 2024. The Operating Profit (EBIT) amounted to 401.5 million euros, up 6.6% compared to 376.6 million euros for the first nine months of 2024. The Group Net Profit attributable to shareholders stood at 219 million euros, (+12.2%) compared to the result for the first nine months of 2024.
Net Financial Debt stands at 4,287.4 million euros as of 30 September 2025, an increase of 204.7 million compared to 31 December 2024. Overall investments made in the period amount to 1,124 million euros, up compared to 2024, of which 613 million euros of technical investments (+9.5%) and 511 million euros of financial investments (283 million for the acquisition of Iren Acqua and 238 million for the consolidation of EGEA Holding).
Guidance for the current year confirmed
The President of the Group, Luca Dal Fabbro, confirmed the Guidance for the current financial year, which envisages an EBITDA of 1,350 million and a net profit of 300 million with technical investments of 900 million euros. “We confirm the guidance for the current financial year, predicting – as already anticipated – a more moderate growth in the remaining part of the year”, declared dal Fabbro, underlining that “the results for the period are very positive and demonstrate the effectiveness of our strategy and the quality of management”.
For the CEO and General Manager of the Group, Gianluca Bufo,
“the results of the period confirm the solidity of our industrial model and the Group’s ability to generate value in a sustainable way, thanks to the implementation of a technical investment plan of over 610 million euros, mainly intended for regulated businesses”.
The 2025-2030 Plan aims for a profit of 400 million
Iren also approved the 2025-2030 Industrial Plan, focused on regulated activities. Investments of 6.4 billion euros are planned for the period, which will mainly concern the regulated sectors of the networks (integrated water cycle and electricity networks), the construction of new energy recovery capacity from municipal waste, the extension of district heating, the development of 200MW of photovoltaic, the consolidation of the customer base and the improvement of the customer experience.
In 2030, an EBITDA of approximately 1.6 billion euros and a net profit of approximately 400 million euros are expected. The dividend policy provides for coupons to grow by 8% until 2027 and by +6% from 2028 to 2030.
“The newly approved Business Plan is based on solid and concrete foundations, thanks to the enhancement of our business model, selective investments and rigorous financial discipline,” explained Fabbro
