(Alliance News) - Edison Spa announced Thursday that it closed the first quarter of 2026 with a group net profit of EUR41 million, down from EUR139 million in the same period of 2025, while net income from continuing operations stood at EUR53 million, compared to EUR126 million.
Sales revenues fell to EUR4.69 billion from EUR5.54 billion in the first quarter of 2025, driven by the contraction in commodity prices and lower gas sales volumes.
EBITDA came in at EUR350 million, remaining substantially stable compared to EUR360 million in the first quarter of 2025. This performance was supported by gas portfolio optimization activities, partly due to the new long-term LNG supply channel from the USA, as well as the growing contribution from solar and wind activities, with 200 MW more installed capacity compared to the first quarter of 2025.
EBIT decreased to EUR101 million from EUR203 million in the first quarter of 2025, primarily due to the net change in fair value related to the adjustment of the hedging plan following the force majeure notification by QatarEnergy.
During the period, capital expenditure increased by 40% to EUR163 million.
As of March 31, 2026, net financial debt showed a credit balance of EUR283 million, compared to a credit balance of EUR219 million as of December 31, 2025, thanks to solid operating cash flows.
The company confirmed its 2026 EBITDA guidance at the lower end of the previously indicated range of EUR1.20 billion to EUR1.40 billion, pending greater clarity on the conditions for the reopening of the Strait of Hormuz.
By Antonio Di Giorgio, Alliance News reporter
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