Terna: half-year revenues and margins rise. Investments exceed 1.5 billion

Terna has closed the half-year with all its economic and financial indicators showing growth, having exceeded 1.5 billion in investments to support the energy transition, against a backdrop in which geopolitical tensions have increased volatility in the energy and commodities markets. Thus, the group chaired by Stefano Cuzzilla and led by Pasqualino Monti reported half-year results with revenue up by 11.6 per cent, to 2.1 billion, whilst EBITDA rose by 7.9 per cent to 1.5 billion euros and EBIT grew by 5.3 per cent to 961.4 million.

The group’s net profit stood at just over 591 million, up by 0.6 per cent. As mentioned, capital expenditure exceeded the 1.5 billion mark, up 19.8 per cent compared with the same period in 2025, and served to give a further boost to some of the projects currently underway, starting with progress on the Tyrrhenian Link, the subsea power link between Campania, Sicily and Sardinia, and on the ELMED project, the direct current power line.

“The results for the first half of the year reaffirm Terna’s solidity and the Group’s ability to generate value for the country through investment, innovation and distinctive expertise, confirming our fundamental role as enablers of the energy and digital transformation of the electricity system. These results stem from the commitment and professionalism of our people, the company’s most valuable asset. In a rapidly evolving energy and technology landscape, we continue to invest resolutely in infrastructure that will enable Italia to successfully tackle the challenges of the coming decades,” commented CEO Monti.

Terna’s CEO then outlined the next steps. “We are building an increasingly modern, resilient and digital electricity grid, capable of integrating growing shares of renewable energy. In this way, we will be able to help reduce energy bills for households and businesses, support the electrification of consumption and ensure the safety, quality and efficiency of the transmission service, thereby underpinning the country’s energy independence, growth and the competitiveness of its economy.”

As regards debt, the figure at the end of the half-year stood at 12.6 billion, down by 374.3 million compared with the approximately 13 billion recorded at the end of 2025. The increase in the group’s equity and the simultaneous reduction in debt are due, the company explains in the statement issued following the approval of the results, to the issuance of the perpetual hybrid green bond launched last January.