Terna - Rete Elettrica Nazionale Societa per Azioni Earnings Recaps
Q3 2025
Nov 13, 2025
Terna reported solid progress in its infrastructure development and regulatory framework, with strategic projects advancing and an interim dividend of €11.92 per share maintained for the 2025 fiscal year.
Key takeaways
- Completed first submarine cable installation for the Tyrrhenian Link, enhancing Italy's transmission capacity.
- Launched authorization processes for the Central and Sardinian Link projects, signaling commitment to renewable integration and grid robustness.
- Secured 88% of the capital expenditure plan through effective procurement, maintaining project timelines and mitigating supply chain risks.
- Board approved a flat interim dividend of €11.92 per share, aligning with the company's new dividend policy for the 2024-2028 business plan.
- National electricity demand showed a slight contraction of 1.2%, while renewable sources continued to generate around 50% of production, emphasizing the shift towards greener energy.