Published by Global Banking & Finance Review®
Posted on November 13, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleEnel raises its 2025 net income forecast and plans data centre expansion in Italy, boosting its stock performance with a share buy-back program.
By Francesca Landini
MILAN (Reuters) -Italy's biggest utility Enel on Thursday improved its guidance on full-year net income after reporting nine-month earnings marginally above market expectations.
Ordinary earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 17.26 billion euros ($20 billion) in the January-September period, compared to an average estimate by analysts of 17.17 billion euros.
Ordinary net income was 5.7 billion euros, also slightly above analyst expectations, and up 4.5% on the same period of last year, net of the effect of assets disposals.
In 2025, ordinary net ordinary income is expected to rise slightly above the high end a previous 6.7-6.9-billion-euro guidance range, the company said.
Ordinary EBITDA is expected to be in line with the previous guidance range of 22.9 billion to 23.1 billion euros.
Spanish unit Endesa and Enel's activities in Latin America were among the engines of growth.
Enel's Italian business dragged on results due to a fall in hydroelectric power generation and lower selling prices applied to retain retail customers, the group said.
Its top managers said in a post-result conference call that hydroelectric production in Italy was not expected to return to the exceptional levels of 2024.
SEVERAL POTENTIAL SITES FOR DATA CENTRE
Enel, which will present its updated medium-term strategy at a capital market day in February, is aiming to grab business opportunities from the development of data centres in its home country.
"We are finalising the first preliminary agreement in Italy, where we have several potential sites in our pipeline," said Chief Financial Officer Stefano De Angelis.
The group will offer data centre operators a package including authorized industrial sites, energy network connections and facility services on top of long-term electricity supply agreements priced at a premium over standard wholesale rates, he said.
Enel introduced a share buy-back programme this year worth 1 billion euros that will run until year-end.
The improvement in investor reward boosted the stock, which rose to a record high earlier this month.
($1 = 0.8575 euros)
(Reporting by Francesca Landini, editing by Alvise Armellini and Gavin Jones)
Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue. It is an important measure of a company's profitability.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance.
Data centres are facilities used to house computer systems and associated components, such as telecommunications and storage systems. They are crucial for data management and processing.
A share buy-back program is when a company purchases its own shares from the marketplace, reducing the number of outstanding shares and often increasing the value of remaining shares.
Ordinary net income refers to the profit earned by a company from its regular business operations, excluding extraordinary items or one-time gains.
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