27 aprile 2026
The Shareholders’ Meeting of Estra S.p.A. approved the Financial Statements at 31 December 2025, and the allocation of net profit.
The Shareholders’ Meeting resolved to distribute to the shareholders — Plures S.p.A. (39.590%), Coingas S.p.A. (25.194%), Intesa S.p.A. (25.194%), Viva Energia Holding Finanziaria S.p.A. (10.022%) — a total dividend of €14,125,708, equal to €0.062 per share, reflecting a management approach focused on continuous value creation for the benefit of the local areas and the communities in which the Group operates, in line with the previous years.
The Shareholders’ Meeting also approved the Consolidated Financial Statements and the Consolidated Statement of Non-Financial Information/Sustainability Report. At consolidated level, revenues amounted to €1,198.3 million, EBITDA to €155.2 million and net profit to €37.9 million, confirming a solid, strong financial performance. In the reporting period, the Group also carried out investment and development activities for over €260 million — the highest ever in Estra's history — mostly aimed at acquiring plants and projects in the renewable energy sector. This commitment tangibly testifies to the Group’s intention to strengthen its industrial positioning and actively contribute to the energy transition.
As regards the items on the agenda relating to the renewal of the corporate bodies, upon proposal of President Lorenzo Perra and in light of the forthcoming local elections, which will also involve some municipalities that hold shares in Plures S.p.A., the Shareholders’ Meeting deemed it appropriate to postpone the relevant resolutions to a later phase. This decision was based on institutional considerations and the current governance structure of the shareholder entities. Upon proposal of President Lorenzo Perra, Executive Chairman Francesco Macrì was vested with powers to convene a new Shareholders’ Meeting, with the same agenda, by 30 July.
Executive Chairman Francesco Macrì stated: “The results approved confirm a growth path marked by financial balance and development-oriented investments. The value we create for our shareholders translates into value for the local areas, thus strengthening our ability to constantly and sustainably generate shared benefits. In an ever-changing scenario, the Group proved able to consolidate its results and reinforce its ties with the communities where it operates. Dividend distribution is a significant element of this process, which maintains a constant focus on industrial development and the challenges of the energy transition, and is guided by a commitment to responsibility and long-term value creation for local communities. While ensuring full powers to the corporate bodies until their forthcoming renewal, the Group will continue to operate in compliance with the budget and the guidelines of the industrial plan, with an approach oriented towards prudent management and consistency with the strategies that have been defined.”
CEO Nicola Ciolini concluded: “The 2025 results confirm the solidity of the industrial decisions made and the gradual strengthening of the Group’s ability to efficiently operate with a long-term vision. The investment plan implemented is a core element of the corporate strategy, aimed at structurally improving process efficiency, service quality and the capability to respond to the needs of local areas, laying solid foundations for the following phases of growth and development.”
Estra
The Estra Group is an Italian publicly owned multi-utility company with strong local roots, operating in the energy and network services sectors. Established in 2010 through the combination of local public entities, Estra is Central Italy’s leading operator and adopts an industrial model based on proximity to local areas, service quality and a long-term vision aimed at pursuing a fair, sustainable energy transition. The Group specialises in the distribution and sale of natural gas, the sale of electricity and the development of innovative renewable energy solutions, including based on photovoltaics, biomethane and wind power. It also provides energy efficiency solutions and advanced services to citizens, businesses and public administrations. The Estra Group also operates in the telecom sector. Thanks to a targeted investment plan and an industrial strategy focused on technology neutrality, the Estra Group supports the local areas in their decarbonisation process, leveraging existing infrastructure and promoting a development model able to combine environmental sustainability, economic competitiveness and social cohesion.