Finance
Italy's Terna posts rise of over 26% in H1 capex
Published by Global Banking & Finance Review®
Posted on July 29, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 29, 2025
1 min readLast updated: January 22, 2026
Terna, Italy's power grid operator, reported a 26.6% rise in H1 CAPEX, totaling 1.32 billion euros. EBITDA increased by 8.2% to 1.36 billion euros.
(Reuters) -Italy's state-controlled power grid operator Terna reported on Tuesday a 26.6% annual rise in its capital expenditure (CAPEX) in the first half, accelerating its investment in the Italian electricity system.
The record high CAPEX totaled 1.32 billion euros ($1.52 billion) between January and June, the company said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 1.36 billion euros, up 8.2%.
($1 = 0.8666 euros)
(Reporting by Enrico Sciacovelli and Philippe Leroy Beaulieu in Gdansk, editing XXX)
Capital expenditure (CAPEX) refers to funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment. It is an important measure of a company's investment in its future growth.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is a financial metric used to evaluate a company's operating performance. It focuses on earnings generated from core business operations without accounting for financial and accounting deductions.
Investment growth refers to the increase in the value of an investment over time. This can occur through appreciation in asset value, reinvestment of earnings, or through the acquisition of additional assets.
Infrastructure financing involves funding for the development and maintenance of essential facilities and services, such as transportation, utilities, and communication systems. It is crucial for economic development and public welfare.
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