STRONG OPERATIONAL GROWTH DRIVEN BY THE WATER BUSINESS

 

2026 GUIDANCE CONFIRMED ALONG WITH THE GROUP’S GROWTH AND VALUE CREATION PATH

 

9M2026 RESULTS
 

• Net investments: 796 million Euro (+3% versus 9M2025 excluding ACEA Energia), with focus on regulated businesses which represent approximately 92% of overall capex. Gross investments: €954m (versus €942m for 9M2025 excluding ACEA Energia).
• Recurring proforma EBITDA €1,092m, +5% versus 9M2025 (+6% including Aquanexa), with approximately 96% generated by regulated businesses (proforma EBITDA: €1,109m, +2%).
• Recurring net profit €263m, +14% versus 9M2025. Reported net profit €530m, +28%, including the capital gain generated by the sale of ACEA Energia.
• Proforma Net Debt/LTM EBITDA ratio stands at 3.49x (3.27x at 31 December 2025), consistent with 2026 guidance, confirming a robust financial profile, supporting continued investment growth in regulated businesses.

 

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