Press release

Results reach all-time high in terms of ebitda and net profit, in excess of guidance, confirming the stability and strength of the group’s industrial model

Acceleration of the growth path outlined in the business plan, with the achievement of targets a year in advance

Dividend of 0.95 euro, with a growth of +8% compared to 2023

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• Investments: €1,439m showing further growth (+26% versus 2023), addressed above all to the regulated businesses (representing 91% of the total). Focus on development, valorisation and enhancement of asset resilience continues
• EBITDA: €1,557m , +12% versus 2023 (recurring EBITDA €1,515m, +11%, approximately 87% from regulated sectors). The result exceeds the guidance provided (amounting to +7%/+9%)
• Net profit €332m, +13% versus 2023 (Recurring net profit €330m, +18%)
• Net Debt/EBITDA ratio equal to 3.18x, showing a remarkable improvement vs 3.49x at 31 December 2023 and the guidance (~3.4x)
• Proposed dividend: €0.95 per share (+8% versus 2023)

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• Water: further enhancement of our presence in Italy through the entry into two new regions, Sicily and Liguria, in line with the Group’s strategy.
• Electricity: agreement signed for the sale to Terna of the HV grid as part of the programme to valorise and optimise our asset portfolio, taking advantage of the opportunity provided by the regulatory framework.
• Environment: the process continues for the construction of Rome’s waste-to-energy facility, with the proposed award, by the Judging Committee for the assignment of the concession, to the group of companies headed by ACEA Ambiente. The final award is currently pending.

Acea’s Board of Directors meeting, chaired by Barbara Marinali, has today approved the separate and consolidated Financial Statements for the year ended 31 December 2024.

Acea’s Chief Executive Officer, Fabrizio Palermo, commented: “The 2024 financial results, which show an upturn and exceed guidance, confirm the Group’s solidity as already highlighted during the first nine months. The constantly greater operational efficiency and sound financial structure, alongside an improved Net Debt/EBITDA ratio, strengthen our position and allow us to pursue our growth path supported by investments, particularly in the regulated sectors with a view to developing and upgrading infrastructures. Moreover, the results achieved have enabled us to pay a higher dividend, above the indications given in the Business Plan, thereby continuing to create value for all stakeholders”.

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