Hera's shareholders' meeting ha approved the 2025 budget, closed with a net profit of 464,3 million euros, up 3,9% compared to the previous year. The green light was also given to dividend, which rises to 0,16 euros per share (+6,7%). During the session, the new management of the company was appointed. Board of Directors and Board of Auditors for the next three years, confirming the continuity of the Group's governance. The renewal of the treasury share buyback programme up to 60 million securities (270 million euros), together with the remuneration policy and compensation.
2025 Accounts: Profits on the Rise and Investments Accelerating
The net result attributable to shareholders stands at 464,3 million euros, while the gross operating margin It stands at €1,54 billion. This trend reflects the normalization of extraordinary items recorded in 2024, while excluding these effects, EBITDA shows growth of 4,5%.
In strong acceleration the investments Gross operating investments amounted to €1.028 million (+19,5%), primarily allocated to the water cycle and environmental sectors and to projects for the energy transition and circular economy. Approximately 78% of investments are classified as shared value, while €672,2 million are aligned with the European Taxonomy (64% of the total).
The economic value distributed to stakeholders in the territories served reaches 2,1 billion euros, with an overall forecast of more than 11,5 billion in the period 2025-2029.
Dividend rises to 0,16 euros
Il 2025 dividend has been set at 16 cents per share, up 6,7% compared to the previous financial year and higher than the forecasts of the industrial plan (15,5 cents). The dividend paid, based on the Hera share price on 31 December 2025, corresponds to a return 4% per year.
Lo the coupon will be ex-dividend on June 22, 2026, with a record date of June 23 and payment from June 24, 2026. The remuneration policy provides for progressive growth up to 19 cents per share in 2029.
Renewal of the Board of Directors: Fabbri confirmed as president and Iacono as CEO
During the meeting, the Board of Directors was renewed for the next three years, with the key management figures reappointed.
They remain in office Cristian Fabbri as executive chairman and Horace Iacono as CEO. He was appointed non-executive vice-president Thomas Fabbri, university professor and former director of the “Marco Biagi” Department of Economics at the University of Modena and Reggio Emilia.
The new board is completed by Roberta Calderisi, Fabio Bacchilega, Gianni Bessi, Enrico Di Stasi, Fabrizio Toselli, Benedetta Brighenti, Vanessa Camani, and Marina Monassi, expressed by the majority list of Hera public shareholders. For the minority lists, Francesco Perrini, Paola Schwizer and Alice Vatta, Besides Bruno Tani, representing institutional investors and the Società Gas Rimini Spa Group.
For Board of Statutory Auditors have been nominated Sonia Dall'Agata, John Rocco of Torrepadula e Susanna Giuriattias effective auditors, while Giacinto Gaetano Sarubbi, appointed president, and Silvia Mignatti They complete the substitute component. The composition respects the criteria of gender balance and representation of the different lists.
