Iren's nine-month profit grows 12%, targets further growth until 2030

(Reuters) -Italian multi-utility Iren said on Thursday its profit grew 12% in the first nine months of 2025, thanks to a good performance across its business lines and gains from the consolidation of Egea Holding.

Net profit reached 219 million euros ($255 million) between January and September, including results from Egea since Iren closed its acquisition of the energy distributor in May. 

In a separate statement, Iren approved its 2025-2030 industrial plan, which targets earnings before interest, taxes, depreciation and amortization (EBITDA) of 1.53 billion euros in 2028 and 1.6 billion euros in 2030.

It also aims for a net profit of 360 million euros in 2028, which should increase to around 400 million in 2030.

The company plans to increase dividend payments by 8% per year until 2027, followed by 6% hikes in the years from 2028 to 2030, it added.

Main risks to Iren's future results come in the form of interest rates and volatility in commodity prices, the company said in the earnings release.

($1 = 0.8575 euros)

(Reporting by Mirko Miorelli in Gdansk, editing by Milla Nissi-Prussak)