Published by Global Banking & Finance Review®
Posted on July 30, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleSnam reports a 5.3% increase in H1 core profit, driven by its gas infrastructure business, and confirms its 2025 guidance.
(Reuters) -Italy's gas grid group Snam said on Wednesday its adjusted core earnings rose 5.3% in the first half, driven by growth in its gas infrastructure business, while confirming its full year guidance.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 1,492 million euros ($1.71 billion) in the period, and adjusted net profit rose by 8.5% year-on-year at 750 million euros.
($1 = 0.8703 euros)
(Reporting by Laura Contemori in Gdansk; editing by Matt Scuffham)
Core profit refers to the earnings generated from a company's main business operations, excluding any income from non-operational activities.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It measures a company's overall financial performance and profitability.
Economic growth refers to the increase in the production of goods and services in an economy over a period, typically measured by GDP.
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