Acea is committed to guaranteeing the soundness of its financial structure, maintaining a large percentage of debt at fixed rate and striving to reduce the average cost of debt.
FY24-FY25 NFP, €m
DEC 24 | DEC 25 | Change DEC 25 vs DEC 24 | |
|---|---|---|---|
Pro-forma NFP | 4,368 | 4,582 | 214 |
Long-term debt | 4,970 | 4,926 | |
Short-term debt | 499 | 667 | |
Pro-forma Cash and cash equivalents | -1,101 | -1,011 |
Data as at 31 December 2025
*Pro-forma Net Financial Position (NFP) includes (i) the effect of the proceeds from the disposal of Acea Energia; (ii) for 2024, the proceeds from the transfer of the High Voltage business to Terna and the equity-method consolidation of AdF starting from 1 January 2024
Fixed Rate 80% Average cost 2,07% Average time 4,2 anno
NET DEBT/EBITDA
31/12/2025
NET DEBT/EBITDA
31/12/2024
Amount | Issue date | Expiry | Coupon (% P.A.) rate, period | Rating Moody’s/S&P/FITCH |
|---|---|---|---|---|
500.000.000 EUR | 24/10/2016 | 24/10/2026 | 1,000 – Fixed, Annual | Baa2/NR/BBB+ |
700.000.000 EUR | 08/02/2018 | 08/06/2027 | 1,500 – Fixed, Annual | Baa2/NR/BBB+ |
500.000.000 EUR | 23/05/2019 | 23/05/2028 | 1,750 – Fixed, Annual | Baa2/NR/BBB+ |
500.000.000 EUR | 06/02/2020 | 06/04/2029 | 0,500 – Fixed, Annual | Baa2/NR/BBB+ |
600.000.000 EUR | 28/01/2021 | 28/07/2030 | 0,250 – Fixed, Annual | Baa2/NR/BBB+ |
700.000.000 EUR | 17/01/2023 (TAP del 03/02/2023) | 24/01/2031 | 3,875 – Fixed, Annual | Baa2/NR/BBB+ |
Data as at 31 December 2025
Data as at 31 December 2025
Discover the 2024-2028 Business Plan, “Green Diligent Growth”
Explore the plan’s financial targets
