ACEA S.p.A. (ACEJF) Q4 2025 Earnings Call Transcript

Operator

Ladies and gentlemen, good afternoon. This is the Chorus Call conference operator. Welcome. Thank you for joining the presentation of ACEA for the results of 2025. [Operator Instructions]

At this time, I would like to turn the conference over to the Head of Investor Relations of ACEA. Please, you have the floor, sir.

Dario Michi
Head of Investor Relations

Ladies and gentlemen, good afternoon, and welcome to the presentation of the 2025 results of ACEA. Fabrizio Palermo, General Manager and CEO; Pier Francesco Ragni, Deputy General Manager; and Valentina Bracaglia, CFO, will illustrate the highlights and the main results of the group.

I’ll give the floor to the CEO, who will make an introduction to the presentation.

Fabrizio Palermo
CEO, GM & Director

Well, thank you very much, Dario, and good afternoon, ladies and gentlemen. I will start my presentation by expressing a high satisfaction for the results reached in 2025, which really represent an all-time high for the ACEA Group.

Let me give you the details. ACEA reached a pro forma EBITDA of EUR 1.420 billion, up 10% versus 2024 by outperforming in this manner, the industrial plan targets where we announced an average growth of EBITDA by 5% a year. Such result is at the upper end of our guidance range that was provided and which was plus 10% versus 2024.

Now I