Acea S.p.a. MIL:ACE

ACEA S p A : Summary Data on the 2024 FY Results (summary data fy 2024)

Published May 15, 2026 at 1:48 p.m. UTC

Source: MarketScreener

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‌ACEA GROUP FY 2024 RESULTS

K E Y Q U A N T I T A T I V E D A T A

WATER ITALY GRIDS AND PUBLIC LIGHTING

SLUDGE DISPOSAL (KTonnes)

FY 2024 FY 2023

ELECTRICITY DISTRIBUTED (GWH)

FY 2024 FY 2023

162 186 9,240 9,050

TREATMENT AND DISPOSAL

(/000S OF TONNES)

FY 2024 FY 2023

WTE ELECTRICITY SOLD

(GWH) ENVIRONMENT

FY 2024 FY 2023

1,718 1,807 254 278

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‌ACEA GROUP FY 2024 RESULTS

K E Y Q U A N T I T A T I V E D A T A

ENERGY SOLD (GWH)

FY 2024 FY 2023

Electricity sold

Free market

Protected market

Gradual protection market

5,573

4,774

622

177

6,806

5,603

1,033

170

GAS SOLD (MMC)

FY 2024 FY 2023

COMMERCIAL 218 199

PRODUCTION (GWH) PRODUCTION

FY 2024 FY 2023

693* 754*

* Of which photovoltaic: 173 GWh in FY 2024 and 138 GWh in FY 2023 2

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‌ACEA GROUP FY 2024 RESULTS

S T O C K M A R K E T

(euro)

ACEA - INDEX: (1/1/2024 - 12/30/2024)

ACEA

FY 2024 (€)

MAX

(12/16/2024)

18.92

MIN

(2/26/2024)

13.55

MARKET

CAPITALIZATION

(€MLN) (12/30/2024)

3,979

ACEA

+42.9%

FTSE MIB

+18.9%

TSR 12/30/2024 (VS 12/29/2023)

ACEA FTSE MIB

(Source Bloomberg, rebased to 100 as of 29 December 2023)

Changes in terms adjusted for the ex-dividend (Total Shareholder Return)

-42.9% +18.9%

‌2024 Highlights

Revenues +5% vs.

2023 regulated business1

EBITDA +11% vs. 2023

excluding one-offs and changes in scope3

Net profit +18% vs. 2023 excluding one-offs

CAPEX +19% vs. 2023

net of public grants

OPERATING FCF

+ €373m

SIGNSTRONGLY GROWING RESULTS

IFICANT IMPROVEMENT IN THE NET DEBT/EBITDA RATIO COMPARED TO 2023

Group revenues of € 4.3bn of which approximately €2.6bn related to regulated businesses, up by approximately 5% compared to 2023, mainly due to the investments carried out in the previous years and tariff approvals Reported EBITDA2 amounting to €1,557m, +12% compared to 2023. Organic EBITDA3 amounting to €1,515m, + €152m compared to 2023 driven by the growth in the regulated businesses, Water Italy, Grids and Public Lighting, and by Commercial business Reported net profit amounting to €332m, +13% compared to 2023 Organic net profit of €330m, + €51m compared to 2023. The growth in EBITDA more

than offset the rise in depreciation linked to investments in regulated businesses

Capex net of public subsidies amounting to €1,179m, higher than in 2023 (+19%); including the investments financed by grants, the aggregate shows an increase of 26% compared to the previous year.

The net investments in regulated businesses represent ~ 89% of the Group total

The operating free cash flow was positive for €373m, up compared to 2023 (+€225m). This allowed to maintain a solid financial structure, with a NET DEBT/EBITDA ratio of 3.18x, significantly better than 3.49x in 2023

1. Including, in addition to the Water Italy and Grids regulated businesses, Public Lighting and Environment businesses. The data does not include the results

of companies accounted at equity | 2. Includes the full consolidation of Acquedotto del Fiora in 9M2024 (€47m) and at equity in 4Q2024 (€1m) | 3. Includes

the full consolidation of Acquedotto del Fiora over whole 2024. Acquedotto del Fiora's 2024 financials: EBITDA €68m, net profit €14m and Net Debt €54m 4

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‌ACEA GROUP FY 2024 RESULTS

K E Y F I N A N C I A L S T R U C T U R E A N D R A T I N G S

NET DEBT FY 2023-FY 2024 €m Rating

	DIC 23	DIC 24	∆ DIC 24 vs DIC 23
NFP	4,847	4,954	107
Long-term debt	4,771	4,895
Short-term debt	923	759
Cash and cash equivalents	(847)	(700)

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