25 marzo 2026
The Board of Directors of Estra S.p.A. (hereinafter also the “Group”) approved the Consolidated Financial Statements at 31 December 2025.
In 2025, the Group reported revenues in line with the previous year, confirming its strong operating capabilityand resolutely forging ahead with its industrial development path.
In the year, investments were stepped up to support industrial development, focussing on the advancement of IT systems, the improvement of operating processes, commercial development and the upgrade of the gas distribution infrastructure.
Francesco Macrì, Estra Executive President, stated: “The results achieved in 2025 confirm the Group’s solidity and the consistency of our development path.As a multi-utility serving local communities, we decided to consolidate our commitment by strengthening our investment plan, focusing on energy sourced from renewables. Our aim is to expand in-house generation and promote broader, more sustainable and competitive access to energy, including from an economic standpoint for households and businesses, thereby creating long-term value at the local level.”
Nicola Ciolini, Extra Chief Executive Officer, highlighted: “In 2025, we supported the Group’s development through extensive investments and transformation activities. The advancement of our operating systems, commercial development and infrastructure upgrades are key levers for improving the efficiency and quality of our services, laying the foundations for future growth.”
Consolidated financial performance highlights¹
In 2025, the Group’s total revenues amounted to €1,198,269 million, in line with €1,206 million for 2024.
EBITDA stood at €155.2 million, remaining at a high level and reflecting the development and transformation activities launched by the Group.
EBIT was €72.8 million, also as a result of higher amortisation and depreciation linked to the investments undertaken.
Net profit reached €37.9 million, decreasing slightly compared to the record level of the previous year, however confirming the growth trend and remaining above the average of recent years.
Performance of business areas
The Energy Market area remained the Group’s main business area.
The Gas Distribution area provided stable contribution, driven by investments and the regulated customer base.
The Group was able to maintain financial and operational balance thanks to the diversification of its activities.
Financial position highlights
At 31 December 2025, equity totalled €464.4 million, up compared to €457 million for 2024.
Net financial debt stood at €565.9 million, as a result of investments for the year amounting to €275 million.