Terna: +9.6% revenues in the first quarter, group net profit at EUR 276.5 million

Awaiting the installation of the new top management, which will be made official on May 12 by the Shareholders' Meeting, Terna's quarterly financial statements show growth despite the particularly complex economic situation: net profit up 0.4% to €276.5 million, EBITDA up 7% to €697.6 million, and EBIT up 3.9% to €449.8 million. Revenues also rose to EUR 988.7 million (+9.6% compared to the same period of 2025), due to the boost provided by regulated activities, supported by the increase in tariff revenues.

As far as financial exposure is concerned, the debt bar dropped to EUR 12.2 billion at the end of March, down EUR 830 million compared to the figure with which the company, which operates the national transmission grid, closed last year's accounts. Total capital expenditure stood at 511.4 million, down 9% from 562.1 million in the corresponding period of 2025, which had been affected by the effect of the closure of significant hubs on major grid development projects.

Looking ahead to the rest of the year, the group estimates revenues of EUR 4.41 billion, an Ebitda of EUR 2.93 billion and a net profit of EUR 1.12 billion. While on the investment front, the target is set at around EUR 4.2 billion. Which will be needed for Terna to continue working on implementing the business plan in its role as enabler of the energy and digital transition.

As will be recalled, in recent days the now former CEO, Giuseppina Di Foggia, left the helm of the group and was elected chairman of Eni yesterday by the shareholders' meeting. Terna's chairman, Igor De Biasio, then took over the reins of the company, but will shortly take leave to take up the role of Enav's CEO. However, during the board meeting, the directors took note of Di Foggia's transfer to Eni after his early exit from Terna, and of the granting of the powers of CEO to De Biasio, who, as mentioned, will govern the group until the shareholders' meeting called for next week.