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    Home > Finance > Terna posts rise in first-quarter profit, steps up investment in power grid
    Finance

    Terna posts rise in first-quarter profit, steps up investment in power grid

    Published by Global Banking & Finance Review®

    Posted on May 15, 2025

    2 min read

    Last updated: January 23, 2026

    Terna posts rise in first-quarter profit, steps up investment in power grid - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Terna's Q1 profit rose by 4%, with increased investments in the power grid. Key projects include the Tyrrhenian Link, aiming for a secure energy transition.

    Terna Increases Q1 Profit and Power Grid Investments

    MILAN (Reuters) -Italy's power network operator Terna stuck to its guidance for this year after reporting a 4% rise in its first-quarter core profit.

    Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 652 million euros ($730.70 million), in line with an average estimate by LSEG.

    The state-controlled group said it increased investments to bolster the high-voltage grid by 16% year-on-year in the first three months of 2025, at a time when Spain is investigating the causes of an unprecedented power outage that hit the country.

    "The recent events affecting the electricity grid in Iberia clearly demonstrate how crucial it is to continue and step up investments in infrastructure for the energy transition and, more specifically, for a secure, resilient and interconnected electricity system," Terna's CEO Giuseppina Di Foggia said.

    The group is targeting around 3.4 billion euros in capital spending this year as part of its business plan.

    The main projects carried out in the first quarter include works on the Tyrrhenian Link, the submarine power link connecting the southern region of Campania to Sicily and Sardinia islands.

    Terna and Greek grid operator IPTO last week signed an agreement worth nearly 2 billion euros for the development of a new power connection between their home countries.

    ($1 = 0.8925 euros)

    (Reporting by Francesca Landini, editing by Giulia Segreti and Jan Harvey)

    Key Takeaways

    • •Terna reports a 4% rise in first-quarter profit.
    • •EBITDA reached 652 million euros, matching estimates.
    • •Investments in the power grid increased by 16%.
    • •Key projects include the Tyrrhenian Link submarine power connection.
    • •Terna targets 3.4 billion euros in capital spending for 2025.

    Frequently Asked Questions about Terna posts rise in first-quarter profit, steps up investment in power grid

    1What is the main topic?

    The article discusses Terna's rise in first-quarter profit and increased investments in the power grid.

    2What are Terna's investment plans?

    Terna plans to invest around 3.4 billion euros in capital spending this year.

    3What is the Tyrrhenian Link?

    The Tyrrhenian Link is a submarine power connection linking Campania to Sicily and Sardinia.

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