Edison expects to reach upper end of profit guidance in 2025

(Reuters) -Italy's energy company Edison on Thursday forecast it will achieve the upper end of its 2025 core profit (EBITDA) target at 1.4 billion euros ($1.65 billion), supported by strong cash flow and increased investment in renewable energy.

The Italian subsidiary of France's EDF posted a 736 million euros core profit in the first six months if 2025, down from 967 million recorded in the same period last year.

Despite less favorable market conditions, Edison said it achieved growth in its thermoelectric sector and energy services. Renewables and customer-related activities accounted for 50% of its EBITDA, in-line with a 70% target by 2030.

Sales revenues grew to 9.45 billion euros in the first half from 7.27 billion euros a year ago, boosted by energy price increases and higher volumes.

Hydroelectric production fell back in line with the historic average. Volumes in 2025 were down 29.5% compared to the first half of 2024.

($1 = 0.8492 euros)

(Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)