(Il Sole 24 Ore Radiocor) - Milano, 11 mag - The Italian utility Iren said it reported an attributable net profit of 129 million euros in the first quarter of 2026, down by 5% compared to the year earlier.

EBITDA inched down by 0.2% to 417.8 million euros, while EBIT fell by 5.4% to 211.7 million euros.

Revenue decreased by 13.3% to 1.814 billion euros, driven by a decline in energy revenue due to a decrease in commodity prices and the supply of smaller energy volumes, as well as a 30 million reduction in revenue from energy efficiency activities.

Investments totalled 192 million euros and were composed of 190 million in technical investments, up 3% from the previous year, and financial investments of 2 million. Iren expects to invest about 1 billion euros for the full year.

It also aims to keep its net debt/EBITDA ratio at about the.

current level of 3.1 times.

(RADIOCOR) 11-05-26 13:41:31 (0345) 5 NNNN