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 readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
2 min readLast updated: January 23, 2026
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.
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)
The article discusses Terna's rise in first-quarter profit and increased investments in the power grid.
Terna plans to invest around 3.4 billion euros in capital spending this year.
The Tyrrhenian Link is a submarine power connection linking Campania to Sicily and Sardinia.
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