Iren SpA (IRE) Earnings Call Transcripts

Iren SpA's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Iren SpA reported an EBITDA of EUR 480 million, in line with the previous year, and a net profit of EUR 129 million, reflecting a 5% decline. The company confirmed its 2026 guidance, expecting a 4% growth in EBITDA and technical investments of approximately EUR 150 million. Management highlighted a shift towards regulated activities, with a notable increase in synergy contributions, which may positively influence future earnings.

Reported metrics

Guidance from management

Iren confirmed its 2026 guidance, expecting a 4% growth in EBITDA and technical investments of approximately EUR 150 million. The company anticipates net profit to grow over 2% compared to 2025.

What management said

Good afternoon, everybody, and thank you for joining this conference call presenting Iren Group's results as of March 31, 2026. The results will be presented by our Executive Chairman, Luca Fabbro; and our CFO, Giovanni Gazza. At the end of the presentation, there will be the customer Q&A session. I will now hand the floor over to Luca to present the results of the period.

Thank you, Giovanni. [indiscernible] for example, in the turn area for several tens of meats we are discussing about the plans in the areas of twin and apartments -- our business model at the moment is of giving iEnergy to other centers to recover the value. So we are not one of the best operators on this side because we have 3 but energy plans and 1 of the larger plants in [indiscernible] but we are discussing of th...

What analysts pressed on

Analysts expressed concerns regarding the decline in net profit and customer base, questioning the sustainability of growth amid increased competition. There were also inquiries about the impact of lower hydroelectric production on future earnings.

Main topics on the call

• Stable EBITDA Performance — Iren reported an EBITDA of EUR 480 million, consistent with the prior year, driven by organic growth in regulated network businesses and renewable generation. Management stated, "The first quarter EBITDA performance also...
• Synergy Contributions — The company achieved synergy targets contributing EUR 4 million in the first quarter, with expectations to reach EUR 20 million for the full year. Management noted, "We foresee 20 million in the full year" from synergies...
• Decline in Net Profit — Group net profit decreased by 5% to EUR 129 million, attributed to higher depreciation and increased provisions. Management acknowledged, "Group net profit amounted to EUR 129 million, now 5% of EBIT performance," signal...
• Investment in Regulated Activities — Investments in regulated network businesses amounted to EUR 190 million, a 2% increase year-over-year. Management emphasized that these investments are crucial for future growth, stating, "We are laying the foundations f...

Read the full Iren SpA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 51 Iren SpA earnings call transcripts on record, spanning February 19, 2020 to July 30, 2026. Based on this history, Iren SpA reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

IRE

Exchange

BIT

Country

IT

Sector

Utilities

Industry

Multi-Utilities

Calls on record

51

First call

February 19, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly