Letter to Shareholders
Barbara Marinali, presidente, e Fabrizio Palermo, Amministratore Delegato e Direttore Generale
Dear Shareholders,
In 2025, Acea achieved unprecedented results thanks to the implementation of its “Green Diligent Growth” strategy, which aims to strengthen the Company’s position as a leading infrastructure operator focusing on regulated businesses.
The company has redefined its business model, evolving from a simple multi-utility provider to an infrastructure operator, while progressively consolidating its position in its water, electricity distribution and environmental core businesses to achieve a regulated EBITDA margin of 96%.
Financial Highlights
Record-high results
2025 is a year of unprecedented results, reflecting a growing company capable of creating value for shareholders and all stakeholders.
* gross of financed investments, contributions on tenders and discontinued operation capex.
Our Year at a Glance
All Our Results
Sustainability Highlights
Results that generate sustainable value
In 2025, we strengthened our commitment to the environment, people and local communities, integrating ESG objectives into industrial growth and allocating one billion euros to sustainability-related initiatives.
Discover How We're Committed to Sustainability
The Highlights of Our Report
A year
of unprecedented results
We support everyday life
across local areas
Profile
Essential networks, shared value
Water, networks and the environment are central to daily life and to the development of communities. As part of an evolution that strengthens our role as an infrastructure operator, we invest in more resilient networks, essential services and innovative solutions to generate stable, sustainable value over the long term.
Water
Network and Public Lighting
Environment
Production
Energy Management
Engineering & Infrastructure Projects
Our Activities and Development Strategy