Business Segments ERG S.p.A.

Equities

ERG

IT0001157020

Independent Power Producers

Real-time Borsa Italiana Other stock markets 10:23:23 12/05/2026 BST			5-day change	1st Jan Change
23.40 ^EUR	+0.34%		+2.99%	+6.55%

03-30	MIB heading for largest monthly drawdown since 2022	AN
03-30	Caution prevails on European bourses; Terna and Snam lead MIB gains	AN

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

: Breakdown by Business Segment

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Electric Power By Wind Energy
Wind	515M	602M	616M	600M	598M
CAPEX	-223M	-289M	-	-	-
EBITDA	358M	443M	-	-	-
D&A	182M	198M	-	-	-
Operating Income	203M	245M	-	-	-
Electric Power By Solar Energy
Solar	75.2M	111M	124M	138M	145M
CAPEX	-1.4M	-15M	-	-	-
EBITDA	66M	94M	-	-	-
D&A	42.3M	77M	-	-	-
Operating Income	24M	17M	-	-	-
Hydroelectric Power Generation
Hydroelectric Power	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Oil and Gas Refining and Marketing
Discontinued Operations	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Independent Power Producers and Energy Traders
Thermoelectric Power	448M	-	-	-	-
CAPEX	-25.2M	-	-	-	-
EBITDA	21M	-	-	-	-
D&A	35M	-	-	-	-
Operating Income	-10M	-	-	-	-
Intra-Segment Revenue	-38.3M	-33M	-	-	-
D&A	-	-	-	-	-
Corporate	38.3M	34M	-	-	-
CAPEX	-1.9M	-3M	-	-	-
EBITDA	-17M	-38M	-	-	-
D&A	3.7M	3M	-	-	-
Operating Income	-20M	-41M	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Italy	876M	399M	374M	418M	409M
Total Assets	-	1.84B	-	-	-
D&A	188M	178M	128M	126M	146M
CAPEX	-44.8M	-117M	-224M	-	-79M
Operating Income	117M	167M	176M	213M	197M
EBITDA	305M	295M	294M	339M	326M
France	78.3M	98M	124M	100M	111M
Total Assets	-	641M	-	-	-
D&A	36.7M	47M	40M	46M	48M
CAPEX	-21.9M	-11M	-25M	-	-19M
Operating Income	10.3M	16M	40M	6M	18M
EBITDA	47M	63M	78M	51M	65M
East Europe	-	100M	73M	68M	67.04M
Total Assets	-	251M	-	-	-
D&A	-	16M	18M	19M	19M
CAPEX	-	-20M	-2M	-	-
Operating Income	-	75M	30M	35M	31M
EBITDA	-	90M	48M	54M	50M
Operating Income	-	19M	-	-	-
EBITDA	-	24M	-	-	-
UK	-	34M	-	-	61.68M
Total Assets	-	397M	-	-	-
D&A	100K	5M	-	-	17M
CAPEX	-123M	-123M	-	-	-34M
Operating Income	-2.5M	-	-	-	-
EBITDA	-2.4M	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
EBITDA	-	-	-	-	-
Germany	47.9M	94M	89M	55M	45.03M
Total Assets	-	316M	-	-	-
D&A	23.4M	29M	20M	21M	29M
CAPEX	-400K	-1M	-3M	-	-29M
Operating Income	7.2M	45M	46M	12M	4M
EBITDA	30.6M	72M	65M	34M	25M
United States	-	-	-	18M	31.25M
D&A	-	-	-	18M	24M
CAPEX	-	-	-	-	-1M
Operating Income	-	-	-	14M	22M
EBITDA	-	-	-	32M	45M
Spain	-	22M	27M	24M	18.28M
Total Assets	-	113M	-	-	-
D&A	-	4M	6M	12M	70M
CAPEX	-	-	-7M	-	-
Operating Income	-	14M	15M	3M	-6M
EBITDA	-	18M	20M	15M	6M
UK & Nordics	-	-	54M	54M	-
D&A	-	-	14M	17M	-
CAPEX	-	-	-45M	-	-
Operating Income	-	-	24M	13M	19M
EBITDA	-	-	37M	30M	40M
Intra-Segment Revenue	-38.3M	-33M	-35M	-37M	-
Total Assets	-	98M	-	-	-
CAPEX	-15.5M	-36M	-	-	-
Operating Income	-100K	-	-	-	-
EBITDA	-100K	-	-	-	-
Romania	28.7M	-	-	-	-
D&A	5M	-	-	-	-
CAPEX	-	-	-	-	-
Operating Income	16.2M	-	-	-	-
EBITDA	21.2M	-	-	-	-
Bulgaria	23.3M	-	-	-	-
D&A	4.2M	-	-	-	-
CAPEX	-	-	-	-	-
Operating Income	4.1M	-	-	-	-
EBITDA	8.3M	-	-	-	-
Poland	21.9M	-	-	-	-
D&A	5.8M	-	-	-	-
CAPEX	-46.6M	-	-	-	-
Operating Income	10.7M	-	-	-	-
EBITDA	16.4M	-	-	-	-
Corporate	-	-	35M	39M	-
Total Assets	-	265M	-	-	-
D&A	-	-	-	4M	-
Operating Income	-	-28M	-25M	-25M	-22M
EBITDA	-	-25M	-	-21M	-17M