A2A Spa Ord (AEMMF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the A2A full year 2025 results presentation. Please note, this conference is being recorded and for the duration of the call, your lines will be on listen-only mode. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing pound key five on your telephone keypad to enter the queue. I will now turn you over to your host, Marco Porro, Head of Investor Relations, to begin today's conference. Please go ahead. Good afternoon, everyone, and thank you for joining us for Fuliel 2025 performance presentation. Today, as speakers, we have Renato Mazzoncini, our CEO, and Luca Moroni, our CFO. So I'll leave immediately the floor to Renato for the first part of the presentation, and then he will pass to Luca. Thank you. Okay, thank you Marco and good afternoon everyone. Thank you for joining us. We report another year of strong performance and value creation. The key message that we wish to share today is that we are on track, on trend and on target for short order returns. And so let's start from the slides that you can see. Slide number two highlights. Full year 25 results once again demonstrate our strong execution across all our strategic priorities. Reinforcing A2A's positioning for sustainable growth and short-order remuneration. From an industrial standpoint, in 2025, we delivered on a series of key new milestones, fully aligned with our long-term infrastructure investment plan. Our electricity hub reached €1.7 billion, marking a plus 52% annual increase, growth of perimeter effect and double-digit organic growth, our capex, our investment. These results were driven by disciplined CAPEX deployment and the successful integration of newly acquired assets . We installed 76 MW of new renewable capacity, in...