Edison: results to 1st quarter 2026
Investments over the period amounted to 163 million euros, up 40%, primarily directed towards renewables and the Customers and Energy Services sectors.
Milan, May 7, 2026 – Edison’s Board of Directors met yesterday and reviewed the Quarterly Report as at March 31, 2026, which reflects a market backdrop marked by significant geopolitical instability and increasingly volatile conditions.
In this context, Edison closed the first quarter of the year with an EBITDA of 350 million euros (360 million euros in Q1 2025), broadly stable compared to the same period last year underpinned by the resilience of its industrial portfolio. This level of profitability is supported by Edison’s gas portfolio optimisation – mainly thanks to the first deliveries of the new long-term LNG supply contract from the United States – and from the growing contributions of photovoltaic and wind power sources (+200 MW installed compared with the first quarter of 2025). The performance in thermoelectric generation was affected by the unavailability of the Presenzano power plant. The Clients&Services segment, meanwhile, recorded lower margins following the voluntary discount granted to selected customer segments to mitigate the impact of higher energy prices and despite growth in electricity sales (+9.4%) and in the number of Edison Energia’s contracts (+4.1%); Edison Next’s performance remained stable. In the first quarter of 2026, the renewables, customers and services businesses accounted for 45% of Edison’s EBITDA.
EBIT stood at 101 million euros (203 million euros in 2025), mainly due to the impact of net fair value change in our forward commodity contracts, which was in particular affected by the unwinding of hedges following QatarEnergy’s force majeure declaration.
As a result of these factors, the Group reported net profit of 41 million euros for the first quarter of 2026 (139 million euros in Q1 2025).
In the first quarter of the year, investment rose by 40% to 163 million euros, mainly as a result of new developments in renewable energy generation and Customers and Services sectors.
Financial debt as at March 31, 2026 showed a net credit of 283 million euros, against a net credit of 219 million euros as at December 31, 2025, as a result of Edison’s solid operating cash flows.
EDISON GROUP HIGHLIGHTS
In this context, Edison closed the first quarter of the year with an EBITDA of 350 million euros (360 million euros in Q1 2025), broadly stable compared to the same period last year underpinned by the resilience of its industrial portfolio. This level of profitability is supported by Edison’s gas portfolio optimisation – mainly thanks to the first deliveries of the new long-term LNG supply contract from the United States – and from the growing contributions of photovoltaic and wind power sources (+200 MW installed compared with the first quarter of 2025). The performance in thermoelectric generation was affected by the unavailability of the Presenzano power plant. The Clients&Services segment, meanwhile, recorded lower margins following the voluntary discount granted to selected customer segments to mitigate the impact of higher energy prices and despite growth in electricity sales (+9.4%) and in the number of Edison Energia’s contracts (+4.1%); Edison Next’s performance remained stable. In the first quarter of 2026, the renewables, customers and services businesses accounted for 45% of Edison’s EBITDA.
EBIT stood at 101 million euros (203 million euros in 2025), mainly due to the impact of net fair value change in our forward commodity contracts, which was in particular affected by the unwinding of hedges following QatarEnergy’s force majeure declaration.
As a result of these factors, the Group reported net profit of 41 million euros for the first quarter of 2026 (139 million euros in Q1 2025).
In the first quarter of the year, investment rose by 40% to 163 million euros, mainly as a result of new developments in renewable energy generation and Customers and Services sectors.
Financial debt as at March 31, 2026 showed a net credit of 283 million euros, against a net credit of 219 million euros as at December 31, 2025, as a result of Edison’s solid operating cash flows.
EDISON GROUP HIGHLIGHTS
| million euros | 3 months 2026 | 3 months 2025 |
|---|---|---|
| Sales revenues | 4.691 | 5.540 |
| EBITDA | 350 | 360 |
| EBIT | 101 | 203 |
| Net profit from Continuing Operations | 53 | 126 |
| Net profit of the Group | 41 | 139 |
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