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Enaon (Italgas Group): €1 Billion Investment Plan by 2031 to Accelerate Greece’s Energy Transition

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Athens, December 4, 2025 – Italgas reaffirms its commitment to Greece’s energy development and, through its new 2025–2031 Strategic Plan, has approved €1 billion in investments aimed at expanding and digitalising the country’s gas distribution network. The implementation of the Plan is entrusted to Enaon, the company responsible for gas distribution in Greece.

The Plan includes the extension of distribution networks into areas not yet served, creating the conditions to foster the development and integration of renewable gases – such as biomethane – in order to accelerate the decarbonisation of energy molecules. By 2031, over 2,500 km of new networks are expected to be built, more than 2,200 km of which at low pressure – 38% co-funded – with the remainder at medium pressure, primarily intended for supplying gas to industrial customers.

Alongside infrastructure development, part of the investment is earmarked for the advanced digitalisation of assets and operational processes. The Plan provides for the integration of Group ICT platforms, the adoption of new solutions for field service management, and the application across Enaon’s network of artificial intelligence technologies already deployed in Italy.

Additional enhancements are also planned for the Athens Command and Control Centre, already operational, which ensures continuous monitoring and remote management of the infrastructure. New supervision systems and sensors will be installed at pressure regulation stations as well. The digital transformation plan also includes the completion of the programme to replace traditional meters with “H2-ready” smart meters, due to begin in the third quarter of 2026.

“With Enaon we are building in Greece a fully digital infrastructure, monitored and managed in real time through the new Athens Command and Control Centre. The integration of the DANA platform and the installation of ‘H2-ready’ smart meters will enable the rapid deployment of renewable gases. This pathway is supported by a significant investment plan that strengthens our commitment to the safety, sustainability and competitiveness of the country’s energy system,” said Paolo Gallo, CEO of Italgas.

 

Thanks to the recent activation of the network, the areas in Western Macedonia,  Central Macedonia  Central Greece, Western Greece, and Epirus (Florina Kastoria,  Veria, Alexandria, Karpenisi, Amfissa, the industrial zone of Patras and within December 2025 Industrial Zone of Epirus are now steadily supplied with natural gas. This marks an important step in the implementation of co-funded projects. A significant increase in customers is expected, rising from 639,0009 in 2025 to nearly 1 million by 2031. This growth will be accompanied by improved service quality, greater network efficiency and a substantial contribution to the country’s energy security.

Italgas: First Cycle of Employee Share Ownership Plan Completed – Two Out of Three Employees Participate

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Milan, 6 November 2025 – The first cycle of “IGrant,” the Employee Share Ownership Plan launched by Italgas for the 2025–2027 period, has concluded with the participation of nearly two out of three employees. The program enables Group employees to become shareholders of the Company and directly contribute to value creation. Participation reached 62.8%.

“The success of the Plan has exceeded our expectations,” commented Paolo Gallo, CEO of Italgas. “It is among the strongest results recorded for initiatives of this kind, especially in the launch year, and clearly reflects the trust our people place in the Group and in our ability to deliver.”

Participation in “IGrant” was broad across age groups, peaking at 77% among employees aged 31 to 40. In terms of professional categories, participation exceeded 68% among office staff and managers, while reaching approximately 50% among operational staff.

Following the positive outcome of this first cycle, the Plan will be extended across all Group companies in 2026 and 2027.

Italgas presents the 2025-2031 Strategic Plan

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London, 30 October 2025 – Italgas CEO Paolo Gallo is presenting the Group’s 2025–2031 Strategic Plan, “Shaping a New Energy” today to analysts and investors, approved by the Company’s Board of Directors, chaired by Paolo Ciocca.

Highlights

  • Total investments of 16.5 billion euros, up +5.7%, or +10.2% excluding 2i Rete Gas acquisition and tenders, of which:
    • 2 billion euros for the development, digitization and repurposing of gas infrastructures in Italy and Greece, as well as the acquisition and upgrade of the 2i Rete Gas network
    • 5 billion euros for upcoming ATEM tenders1
    • 8 billion euros overall to reinforce the positioning in the water and energy efficiency sectors
  • 250 million euros of total efficiencies2, to which an additional 100 million euros revenues generated by incremental digitization investments are added
  • EBITDA of 3.0 billion euros in 2031, with a total RAB over 20 billion euros
  • 10% CAGR EPS adjusted growth in 2024-20313
  • Improved 2025 guidance
  • Dividend policy: extended through 2028, confirmed the higher of a 65% payout and the annual DPS growth of 5%, with a new starting point equivalent to 2024 DPS

Total planned investments in the Plan amount to 16.5 billion euros (including the amount for the acquisition of 2i Rete Gas), with an increase of 900 million euros (+5.7%) compared to the previous Plan. Excluding 2i Rete Gas acquisition, the related disposals and tenders, the increase is equal to 10.2%.

Investments are mainly driven by the development of gas distribution activities in Italy and Greece, as well as by the technological and digital upgrade of the new networks acquired  to make them increasingly smart, digital and flexible, enabling them to accommodate increasing shares of renewable gases such as biomethane, hydrogen and synthetic methane, while at the same time supporting energy systems stability.

By 2031, approximately 250 million euros in EBITDA benefits are expected from the combination of industrial synergies, efficiencies, increased insourcing of core industrial activities, and AI-driven transformation, compared to the combined 2023 base of the two Groups. This figure is significantly higher the Previous Plan, which estimated 200 million euros of overall savings. In addition to these benefits, the digitization program for 2i Rete Gas assets is expected to generate more than 100 million euros in additional revenues by 2031 (80 millions euros in the previous Plan).

The 2i Rete Gas acquisition, combined with planned incremental organic investments and operating efficiencies, is expected to drive EBITDA that is expected to reach 3.0 billion euros by 2031, representing a 12% CAGR versus 2024. Adjusted EPS, which also reflects the impact of the capital increase completed under more favourable conditions than anticipated last year, is expected to grow by 10% CAGR, compared to 2024 earnings4.

Thanks to improved operating cashflow generation, the Group now expects to reach a leverage level aligned with the commitments undertaken with rating agencies almost a year  earlier than the Previous Plan.

The dividend policy has been extended to 2028, with an improved reference base for the minimum annual growth guarantee of 5%. The new base is set at the 2024 DPS of €0.406 (versus the previous reference of 2023 DPS), while confirming the 65% payout ratio5. The new floor implies an implicit growth in the dividend per share, based on 2025 earnings, of at least 11.7% compared to the 2024 dividend adjusted for the application of IAS 33.

At the opening of the event, the Chairman of Italgas, Paolo Ciocca, commented:

“Even in its new role as Europe’s leading gas distribution company, serving around 13 million customers, Italgas reaffirms its commitment to connecting industrial innovation with the energy transition. However, Italgas’ strength lies not only in its size but in its ability to envision the future, transform it into infrastructure, and put it at the service of communities. We are guided by a vision based on innovation, technological neutrality, and long-term value.”

The CEO of Italgas, Paolo Gallo, stated:

“The 2025–2031 Strategic Plan with 16.5 billion euros in investments, up 900 million euros compared to the previous Plan,  is the most significant in the Group’s 188-year history. This milestone reflects both the acquisition of 2i Rete Gas and the Group’s industrial vision.

The shorter timeline for closing the transaction, just 90 days for the merger of 2i Rete Gas, and the deeper understanding of the acquired company now allow us to revise upward the guidance for the coming years.

Thanks to the collaborative spirit of our people, in just three months we have migrated data and operational processes to Italgas’ IT systems, streamlined staff structures and territorial organization, and identified the activities that will enable us to achieve ambitious synergy targets.

In the Water and Energy Efficiency’ sectors, where nearly 800 million euros are allocated, we will apply the best digital and Artificial Intelligence solutions developed for the gas distribution sector. In the Water sector, our goal is to step-up investments to reduce losses and improve management through network digitization. In energy efficiency, our focus is on providing increasingly advanced solutions in the sectors where we operate.

Technological innovation, digital transformation, and the widespread use of Artificial Intelligence are the hallmarks of the Italgas Group across all its activities. These elements are combined with the passion and expertise of Italgas’ people, who become the true driving force behind the Group’s growth”.

1 Without considering disposals in line with AGCM provision

2 Compared with the combined base of the two Groups at 31 December 2023

3 Applying IAS 33 and a preliminary Purchase Price Allocation (PPA)

4 Applying IAS 33 and a preliminary Purchase Price Allocation (PPA)

5 For comparison purposes between the two scenarios, the DPS based on the payout will be calculated using the number of shares outstanding as at 31 December of each year

Italgas: consolidated results for the first nine months and third quarter of 2025 approved

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Milan, 30 October 2025 – Italgas’ Board of Directors, chaired by Paolo Ciocca, met yesterday and approved the consolidated results of the first nine months and third quarter of 2025 (unaudited). The data below and their comparison with 2024 take into account the significant change in scope compared to the same period in 2024, with the consolidation of 2i Rete Gas starting from 1 April 2025.

Highlights1

  • Total revenues and other income: 1,854.9 million euros (+42.8%)
  • Total revenues and other income adjusted: 1,800.5 million euros (+37.5%)
  • EBITDA: 1,405.5 million euros (+40.6%)
  • Adjusted EBITDA: 1,368.9 million euros (+35.6%)
  • EBIT: 916.2 million euro (+53.8%)
  • Adjusted EBIT: 879.6 million euros (+45.2%)
  • Net profit attributable to the Group: 514.9 million euros (+45.2%)
  • Adjusted net profit attributable to the Group: 494.9 million euros (+36.8%)
  • Technical investments: 773.3 million euros
  • Cash flow from operating activities: 1,006.9 million euros
  • Net financial debt (excluding the effects pursuant to IFRS 16 and IFRIC 12): 10,992.9 million euros
  • Net financial debt: 11,108.2 million euros

The economic, financial and operational indicators for the first nine months of 2025 grew at double-digit rates. The acquisition of 2i Rete Gas made Italgas the leading European operator in gas distribution and transformed the face of a historically static sector.

The merger by incorporation of 2i Rete Gas into Italgas Reti, effective from 1 July 2025 and completed in just 90 days, enabled the integration of processes, the alignment of IT systems and the territorial reorganisation, generating the first synergies and efficiency gains from integration.

In the first nine months of 2025, the Italgas Group recorded total revenues and other income adjusted of 1,800.5 million euros, up 37.5%, and adjusted EBITDA increased by 35.6% compared to the same period of the previous year, reaching 1,368.9 million euros. The Adjusted EBIT, amounting to 879.6 million euros, increased by 45.2% compared to the same period of 2024.

Cash flow from operating activities amounted to 1,006.9 million euros, an increase of 294.0 million euros compared with the corresponding period of 2024, allowing the investments made during the period and part of the dividends paid to be fully covered. The evolution of debt over the period mainly reflects the amount paid for the acquisition of 2i Rete Gas, net of the proceeds from the rights issue, and the consolidation of the related net financial debt.

In the first nine months of 2025, technical investments totalled 773.3 million euros, enabling the construction of approximately 634 kilometres of gas distribution networks. Investments have been launched for the digital transformation of the 2i Rete Gas networks, with the goal of aligning them with the Group’s standards.

In the water sector, activity focused on the development of digital technologies to increase operational efficiency and reduce network losses. Of particular importance was the work carried out by Siciliacque to address the region’s significant water shortage. The company carried out a number of renovation works on the transport network and built three new desalination plants to increase the availability of drinking water in Sicily, two of which are already in operation and the third will become operational in the coming weeks.

In the energy efficiency sector, activities continued to offer products and services based on technological innovation, targeting industrial customers, large residential complexes and public administration bodies. The growing results of the first 9 months of 2025 reflect this new business model.

Paolo Gallo, CEO of Italgas, commented:

The first nine months of 2025 also closed with very positive results. All the main economic and financial indicators show double-digit growth, driven by the consolidation of 2i Rete Gas, the reduction in costs and the initial efficiencies generated by the merger process.

Compared with the same period of the previous year, adjusted EBITDA increased by over 35%, adjusted EBIT by 45%, and Group Adjusted Net Profit by 37%.

The performance achieved in the first nine months of the year confirms the effectiveness of the strategic actions implemented and the soundness of the business model, capable of generating value continuously and sustainably over time.

A model whose true driving force lies in the competence, determination and energy of the men and women of Italgas, who are capable of turning vision into results, as demonstrated by the completion of the integration in record time. It is thanks to them that we look to the future with confidence, aware that together we can continue building a story of success and lasting progress.

1 The consolidated economic and financial and operational highlights reflect the effects of the consolidation of the 2i Rete Gas Group on 1 April 2025.

Italgas: start of the awarding process for the assets to be divested in compliance with the AGCM resolution that authorized the 2i Rete Gas acquisition

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Milan, 9 October 2025 – Italgas announces that, following the assessment by the Italian Competition Authority (AGCM) of the suitability of the potential buyers received today, the Company will proceed, in accordance with resolution No. 31476, with the awarding of the gas distribution activities in the following 12 Atems (Ambito Territoriale Minimo): Bari 2, Barletta-Andria-Trani, Brescia 5, Campobasso, Frosinone 2, Massa Carrara, Padova 2, Padova 3, Pisa, Roma 5, Teramo, and Viterbo.

The buyers, selected following a competitive procedure, are: Ascopiave S.p.A., Erogasmet S.p.A., GP Infrastrutture S.r.l., and the Temporary Consortium (ATI) formed by Plures (formerly known as Alia Servizi Ambientali S.p.A.), Estra S.p.A., and Centria S.r.l.

In total, 247,000 redelivery points (PdR) will be transferred, together with networks and systems, the related personnel and assets functional to the management of the service, for an overall price of 253.1 million euros1.

The closing of the disposal transactions, subject to customary conditions precedent, is expected in the first months of next year.

In all Atems included in the procedure, including those not awarded, Italgas will apply the measures provided for the aforementioned AGCM resolution No. 31476.

1Price subject to potential post-closing adjustment (upward or downward) based on positive or negative adjustments

Italgas: Italy’s first plant for the production of green hydrogen directly connected to a city distribution network inaugurated in Sardinia

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  • Called Hyround, it is located in Sestu (Cagliari) and will supply users connected to the network, a fleet of public transport buses and the production process of a food industry.   
  • The Minister for the Environment and Energy Security, Gilberto Pichetto Fratin, attended the event.  
  • Italgas CEO Paolo Gallo: “Focus on research and development to accelerate the decarbonisation of consumption”. 

 

Sestu (Cagliari), 2 October 2025 – Hyround, Italy’s first green hydrogen production plant directly connected to a city gas distribution network, was inaugurated today in Sestu (Cagliari).   

Among those attending the ribbon-cutting ceremony were the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin; the President of the Regional Council of Sardinia, Piero Comandini; the Mayor of Cagliari, Massimo Zedda; the Mayor of Sestu, Maria Paola Secci; the Chairman of Italgas, Paolo Ciocca; the CEO of Italgas, Paolo Gallo; and the CEO of Italgas Reti, Pier Lorenzo Dell’Orco.  

“Today, with Italgas, Sardinia and Italy are taking a leap into the future – said Gilberto Pichetto Fratin, Minister of the Environment and Energy Security -. This is the energy transition stepping out of textbooks and becoming an industrial and social reality. Hydrogen, the most widespread molecule in the world, is at the center of many projects, and our government believes in it. With the support of modern digital technologies, Sardinia is becoming a national and European laboratory of the tangible sustainability we constantly strive for, and which today Italgas, with the launch of the first residential hydrogen energy community, is making real”.  

By investing in the development of a green hydrogen production plant,” commented Italgas CEO Paolo Gallo, “we have chosen the future. This is not just about producing hydrogen, but about demonstrating that research and development are the key drivers to accelerate the decarbonization of consumption. Technological neutrality and the integration of new energy sources allow us to address the energy trilemma: security of supply, environmental sustainability, and cost competitiveness. Sardinia stands as a tangible example of this vision of the energy future—a future built on state-of-the-art gas networks, capable of accommodating renewable gases and complementing electricity grids on the path to net zero by 2050.  

“Hyround confirms the central role of renewable gases and gas distribution networks as key elements of the energy transition – commented Pier Lorenzo Dell’Orco, Italgas Reti CEO . The plant, designed and built entirely in-house leveraging the Group’s know-how and expertise, is the first example in the EU of the use of hydrogen and methane blending for end-use purposes and enhances the use of hydrogen at the domestic level, making Sestu a virtuous and replicable model”.  

The production plant is based on Power-to-Gas technology, which converts electricity into hydrogen through a process of water electrolysis. The hydrogen produced is intended for multiple uses, both in pure form to power a fleet of buses for local public transport and blended with natural gas for subsequent distribution to customers in Sestu. It will also be used to supply the production process of a local dairy industry. The electricity that powers a 0.5 MW electrolyser is generated by a photovoltaic array, consisting of 1,746 panels with a peak power of 1 MW, built in an area adjacent to the plant. The methods of hydrogen utilization are governed by an Operational Protocol signed by Italgas, the Ministry of the Environment and Energy Security (MASE), and the Italian Gas Committee (CIG) 

Initial production is approximately 21 tons of hydrogen per year, expected to increase to 70 tons per year by 2028. The project involved an investment of approximately €15 million, of which €1.5 million from the National Recovery and Resilience Plan (NRRP) for the construction of the hydrogen refueling station for vehicles.    

Hyround covers the entire value chain: from production to storage and distribution, with the aim of demonstrating how, with the contribution of the gas system – thanks to the extensive reach of the networks and their virtually unlimited storage capacity – the decarbonisation goal of key sectors such as transportation, industry and residential use is achievable in the medium term.   

The choice of Sardinia is no coincidence: the Italgas Group has built the most advanced gas distribution networks in the country on the island: “native digital” networks which, in addition to bridging the gap in natural gas supply in 2020 through a tailor-made supply system, are already ready to accommodate different gases, including renewable ones such as biomethane, hydrogen and synthetic methane. 

In this sense, hydrogen has a dual strategic importance, not only as a carrier but also as a means of energy storage. Hyround demonstrates that one of the most effective ways to store electricity produced from renewable sources is not through accumulators – for which the country does not have the necessary raw materials – but through its conversion into a clean carrier such as hydrogen. This gas, even when mixed with others, can be easily injected into existing networks, quickly transported from one point to another in the distribution system and stored or transformed according to usage needs. 

Hyround implements the principle of sector coupling which, based on the integration of gas and electricity systems, strengthens the overall flexibility and resilience of the country’s energy system.   

The name Hyround is inspired by the principles of cyclicality, regeneration and continuity: key elements of an increasingly sustainable energy system linked to renewable energies, including gases. 

Changes to Italgas’ calendar of 2025 corporate events

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Milan, 18 September 2025 – Italgas announces that the meeting of the Board of Directors for the approval of the results as of 30 September 2025 and of the 2025-2031 Strategic Plan, initially scheduled for 28 October 2025, has been postponed to 29 October 2025.

The release of the related press statements will take place on the morning of October 30, 2025, before the opening of the financial markets. The presentation of the aforementioned results and of the 2025–2031 Strategic Plan to the financial community will be held on the same day. The time will be announced as soon as possible and specified in the invitation to be sent to investors and analysts.

188 years of Italgas

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Every energy has its own story. Ours began 188 years ago, when Italgas first brought gas lighting to the streets of Turin. Since then, we have continuously looked ahead, supporting the country through major technological and energy transformations.

Across generations, our history has been marked by innovations and challenges that have significantly contributed to Italy’s economic and social development. This journey has led us to become the largest gas distribution company in Europe. Yet this is not a destination, but a starting point—and a reaffirmation of our responsibility towards a net-zero future.

Italgas’ leadership is built on a clear vision for the gas networks of tomorrow, on technological innovation, and on the tools that will enable the progressive integration of renewable gases—from biomethane to hydrogen—making the energy system safer, more efficient, and more sustainable.

Today, 188 years on, we celebrate a legacy that continues to drive our ability to innovate and shape the future of energy.

Happy Birthday, Italgas!

Italgas: consolidated results as at 30 june 2025 approved

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Milan, 24 July 2025 – The Italgas’ Board of Directors, which met yesterday, chaired by Paolo Ciocca, has approved the consolidated results as at 30 June 2025.

Highlights 1

  • Total revenues and other income adjusted: 1,126.7 million euros (+29.2%)
  • Adjusted EBITDA: 857.5 million euros (+27.8%)
  • Adjusted EBIT: 558.0 million euros (+38.9%)
  • Adjusted net profit attributable to the Group: 316.6 million euros (+31.1%)
  • Technical investments: 495.1 million euros
  • Cash flow from operating activities: 739.0 million euros
  • Net financial debt (excluding the effects pursuant to IFRS 16 and IFRIC 12): 10,859.0 million euros
  • Net financial debt: 10,973.0 million euros

 

The economic, financial and operational indicators for the first six months of 2025 reflect the consolidation of the 2i Rete Gas Group that took place on 1 April 2025, while the growth trend that has been ongoing since 2017 continues. The acquisition of 2i Rete Gas made Italgas the leading European operator in gas distribution and transformed the face of a sector that has historically been fragmented and largely static. During the half-year, Italgas also successfully launched and completed a capital increase of 1.02 billion euro through the issuance of 202,938,478 new shares.

The merger by incorporation of 2i Rete Gas into Italgas Reti, effective from 1 July 2025, carried out in just 90 days and well ahead of the initial timeline, enabled the integration of processes, the alignment of IT systems and the territorial reorganisation, the first step towards efficiency generation and organic growth. To support this process, 25 cross-functional working groups were created with the dual objective of preparing all activities necessary to ensure business continuity at the time of the incorporation of 2i Rete Gas and of implementing synergies through the comparison of the two operating models, the identification of their respective best practices and the timely pursuit of efficiency opportunities.

In the first half of 2025, the Italgas Group recorded total revenues and other income adjusted of 1,126.7 million euros, up 29.2%, and adjusted EBITDA increased by 27.8% compared to the same period of the previous year, reaching 857.5 million euros. Adjusted EBIT, equal to 558.0 million euros, increased by 38.9% versus 1H 2024. Excluding 2i Rete Gas contribution, adjusted EBITDA would have grown by 3.2% and adjusted EBIT by 12.4% versus the same period last year.

Cash flow from operating activities amounted to 739.0 million euros, an increase of 209.5 million euros compared with the same period in 2024, allowing the Group to cover investments for the period and a substantial portion of the dividends paid in the second quarter. The evolution of debt over the half-year mainly reflects the amount paid for the acquisition of 2i Rete Gas, net of the proceeds from the capital increase, and the consolidation of the related net financial debt.

In particular, technical investments in the first six months of 2025 totalled 495.1 million euros, with the construction of approximately 430 kilometres of gas distribution networks. Digital transformation activities also continued, and preparatory activities began for the technological and digital upgrade of the 2i Rete Gas networks, to align them with those of the Group.

In the water sector, operations focused on the application of digital technologies, to increase operational efficiency and reduce network losses, as well as on carrying out, in cooperation with Siciliacque, a series of remediation works on the supra-municipal network. These works are intended to accommodate the new volumes of water produced through three new desalination plants, developed by Siciliacque in its role as implementing entity, which are intended to offset part of Sicily’s water deficit and will come into operation in the coming weeks.

In the energy efficiency sector, activities are progressing to expand the customer base through offers based on technological innovation for industry, large residential complexes and public administration. The growing results for the first half of 2025 confirm the effectiveness of the proposed solutions in ensuring efficiency and energy savings for Geoside’s customer base.

Paolo Gallo, CEO of Italgas, commented:

 

 

“We created the leading European operator in gas distribution, with more than 4,000 municipalities and almost 13 million customers served, over 155,000 kilometres of network and a workforce of around 6,500 employees. The integration of 2i Rete Gas, completed in just 90 days, is the result of our ability to manage highly complex activities through an ad hoc organisation structured around numerous working groups. The integration of IT systems and the territorial reorganisation of the Company are the clearest evidence of an extraordinary effort carried out in a very short time.

 

The results for the first half of 2025 demonstrate the Group’s industrial and financial strength: with adjusted EBITDA up 28% and adjusted net profit increasing by over 31%, we have demonstrated our ability to generate value in a consistent and sustainable manner. Investments reached half a billion euros and were mainly focused on the networks, making them increasingly smart and thus capable of handling different types of gas, both fossil and renewable in origin.

 

Italgas Group’s development strategy, which will be outlined again during the presentation of the 2025–2031 Strategic Plan next October, represents an effective response to the growing demand for secure, renewable and economically accessible energy for households and businesses.

1 The consolidated economic and financial highlights and operational highlights reflect the effects of the consolidation of the 2i Rete Gas Group on 1 April 2025.

Italgas and Cadent renew their collaboration agreement: innovation, digitalization, decarbonization and renewable gases at the core

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Rome, 17 July 2025 – Italgas and Cadent reaffirm their strategic cooperation: the two companies have renewed the Memorandum of Understanding (MoU) signed in 2023, sharing a mutual commitment to strengthening collaboration in the fields of technological innovation, digitalization, and the sustainability of gas distribution networks, guided by a common vision of the goals of the energy transition.

Italgas is the leading gas distribution operator in Europe, serving nearly 13 million gas users and managing a distribution network of over 154,000 kilometers.

Cadent is a UK regional gas distribution company that operates largest natural gas distribution network in the United Kingdom. Every day, it delivers gas to 11 million homes and businesses.

The new agreement was signed at Italas headquarters in Rome by Paolo Gallo, Chief Executive Officer (CEO) of Italgas, and Howard Forster, Chief Operating Officer (COO) of Cadent Gas Limited, in the presence of Alessandro Cattaneo MP, President of the UK-Italy Friendship Group in the Italian Parliament.

The renewal of the agreement consolidates a collaboration that began several years ago and has been enriched by numerous exchanges of experience and technical expertise between the two leading sector operators. Italgas and Cadent intend to intensify cooperation in key areas for the transformation of European energy infrastructures.

“Combining expertise, experience and vision with a partner of absolute excellence like Cadent – commented Paolo Gallo, Chief Executive Officer of Italgas – allows us to double our ability to innovate and to lead the transformation of gas networks in a sustainable and digital way. The renewal of the Memorandum confirms our shared intent to make energy infrastructures increasingly resilient and safe, while also accelerating the path toward decarbonization, encouraging the development of renewable gas production and its contribution to meeting energy needs”.

“We are delighted to continue our relationship with Italgas as part of our strategy to stay at the forefront of the energy transition. By actively engaging with system operators across Europe, we can share insights, learn from diverse experiences, and co-develop more efficient and resilient gas networks for the future” – stated Howard Forster, COO of Cadent.

Hon. Alessandro Cattaneo, President of the Italy–UK Parliamentary Friendship Group and Co-Chair of the Pontignano Conference, commented: “I am honoured to attend the renewal of the agreement between Italgas and the UK-based company Cadent, which represents a tangible step forward in the collaboration between two leading industrial players from our respective countries. At a time like this, diversifying energy strategies and fostering new synergies is the right path to take. This agreement is a clear example of how strengthening ties between Italy and the United Kingdom can actively support the energy transition—by promoting innovation, digitalization, and the use of renewable sources in gas distribution systems. I warmly welcome initiatives like this, which place international cooperation at the heart of building a more sustainable, secure, and resilient energy future.”

The MoU will expand the areas of collaboration in line with the strategic priorities of the two companies, jointly promoting technical, regulatory, and legislative developments in international contexts for a further three years:

  • Decarbonization and renewable gases: joint development of strategies for the integration of biomethane, hydrogen, and low-carbon synthetic methane. The goal is to transform the networks into infrastructures capable of accommodating these key energy carriers on a large scale for a sustainable transition.
  • Network digitalization: sharing of advanced digital solutions, including remote monitoring tools, predictive maintenance, and operational automation.
  • Cybersecurity: strengthening the resilience of systems for monitoring and managing gas distribution networks, encouraging the exchange of best practices, approaches, and prevention tools.
  • Artificial intelligence and skills development: sharing of respective technological transformation initiatives supported by the adoption of artificial intelligence, and promotion of joint initiatives for the development of new skills.

The agreement also includes the establishment of thematic working groups that will meet regularly to monitor the progress of activities and identify new opportunities for cooperation. Italgas and Cadent thus reaffirm their commitment to building strong international collaborations for a sustainable energy future, with smart networks capable of supporting decarbonization and ensuring energy that is secure, reliable, and accessible.