Vedi sul CMS
Vedi sul CMS
Vedi sul CMS
FY 2025
Actual
€mn
Guidance
€bn
FY 2024
Actual
€mn
 
Δ vs FY 2024
REVENUES
4,033
4.03 ✓
3,680
+10%
EBITDA
2,751
2.70 ✓
2,566
+7%
Group Net Income1
1,111
1.08 ✓
1,062
+5%
Capex
3,515
3.4 ✓
2,692
+31%
Net Debt2
13,000
11,160

1. Attributable to Terna
2. Value related to year end.

Vedi sul CMS
FY 2024
Actual
€bn
FY 2025
Guidance
€bn
FY 2028
Guidance
€bn
Plan 2024-2028
Plan 2024-2028
Update
REVENUES
3.68
4.03
4.60
5.19
EBITDA
2.57
2.70
3.25
3.36
Net Income
1.06
1.08
1.10
1.19
CAPEX 1
2.7
3.4
16.5
Cumulated 2024-2028
17.7
Cumulated 2024-2028

1. Including Regulated, Non-Regulated, capitalized financial charges and EU contributions
Note: P&L values restated for International deconsolidation

Vedi sul CMS

€bn

1 Gross of 0.1 €bn of EU Contributions. 2 Gross of 1.1 €bn of EU Contributions. 3 Gross of 1.0 €bn of EU Contributions. 4 Updated 2021-2025 Plan in 2022.

INVESTMENTS €bn
Plan 2021-2025
Domestic Regulated Capex (Gross of 0.1 €bn of EU Contributions):		 9.6
Plan 2024-2028
Domestic Regulated Capex (Gross of 1.1 €bn of EU Contributions):		 15.5
Updated Plan 2024-2028
Domestic Regulated Capex (Gross of 1.0 €bn of EU Contributions):		 16.6
Vedi sul CMS

RAB EVOLUTION1

€bn


2024-2028 Industrial Plan
2024-2028 Industrial Plan Update

1 Calendar RAB including WIP. RAB inflation at 2.7% on average during the plan period. * Includes the acquisition of the portion of Rome HV grid from Acea.

REGULATED ASSET (RAB) VALUE €bn
2024
Total calendar RAB Including WIP (RAB inflation at 2.7% on average during the plan period.):		 22.5
2025
Total calendar RAB Including WIP (RAB inflation at 2.7% on average during the plan period.):		 24.8
2028
Total calendar RAB Including WIP (RAB inflation at 2.7% on average during the plan period.):		 31.8
Vedi sul CMS

€ cents

Minimum dividend - the higher of:
2024 DPS (39.62 cents)
2023 DPS (33.96 cents) +4% annual growth

DIVIDEND POLICY
Minimum dividend - the higher of:
2024 DPS (39.62 cents)
 2023 DPS (33.96 cents) +4% annual growth
2023 33.96
2024 39.62
2025 39.62
2026 39.62
Vedi sul CMS