Life reporting hub 2025

Our 2025

"On track, on trend and on target"

FY 2025 results once again demonstrate our strong execution across all our strategic priorities, reinforcing A2A’s positioning for sustainable growth and shareholder remuneration.

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  • 2025 key figures
  • Financial Results
  • Sustainability Reporting
  • Documents Library

2025 key figures

2025 Group’s key financial and sustainability results

An overview of the main financial and ESG indicators, A2A share price performance, and the Group’s presence in major indices and ratings, providing an integrated view of the year’s results.

Results at 31 December 2025

"On track" with our long-term Strategic Plan
"On trend" thanks to our leadership in electrification, renewable energy and the circular economy
"On target" in delivering financial results and shareholder returns

A2A Stock performance in 2025

Third consecutive year of growth

  • +7.7%
    Annual growth rate
  • 2.31€
    Closing price per share
  • 7.2€B
    Market capitalization at the end of the year
  • KPIsend 2025
    Market Capitalisation at December 30, 2025 (€mln)7,237
    Share capital at December 30, 2025 (shares)3,132,905,277
    Price at December 30, 2025 (€/share)2.31

     

    KPIs2025
    Average market cap (€mln)7,037
    Average daily volumes (shares)9,706,173
    Average price (€/share)2.25
    Maximum price (€/share)2.72
    Minimum price (€/share)1.91

    Source: Bloomberg

Indices and Ratings

Financial Results

Confirmation of industrial and financial strength

In a year still characterised by a volatile energy scenario, A2A continued to demonstrate resilience, adaptability and strong execution, increasing both investments and shareholder remuneration.

Group financial data

The multi-year track record of our results highlights the solidity of economic performance and financial structure, providing a sustainable foundation for investment growth and dividend distribution.

Financial profile

Reduction in Net Financial Position, driven by strong operating cash flow that ensured coverage of investments and dividends, and further supported by proceeds from asset disposals.

5,474mln €

Net Financial Position

83%

ESG Debt

5,2years

Duration

80%

Fixed-rate debt

Key indicators by Business Unit

The normalisation of hydroelectric production was partially offset by the contribution arising from the consolidation of the electricity distribution company Duereti.

Adjusted Ebitda

mln €

CapEx

mln€

Sustainability Reporting

At the forefront of a just ecological transition for people and territories

In 2025, A2A reaffirmed its commitment to decarbonisation through the publication of its first Climate Transition Plan.

Our sustainability commitment

A2A confirms its contribution to the country’s ecological transition.

EU Taxonomy

More than half of total investments are aligned with the EU Taxonomy.

Revenue
Revenue - Eligible - Aligned
Revenue - Eligible - Aligned
CapEx
CapEx - Eligible – Aligned
CapEx - Eligible – Aligned
OpEx
OpEx - Eligible - Aligned
OpEx - Eligible - Aligned

Documents Library

Useful documents

A collection of key 2025 financial statements, investor resources and ESG documents.