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The first nine months of the year closed with strong growth in revenue and investments, and with all key operating and financial indicators positive, in line with the first two quarters and the targets set out in the Business Plan Operating and financial highlights Revenue rises to 9,365.6 million euro (+10.6%) EBITDA stable at 1,037.2 million euro Net profit for the period up to 324.6 million euro (+4%) Gross operating investments at 666.8 million euro (+18.8%) Net financial position at 4,147.2 million euro and net financial position/EBITDA ratio at 2.6x, an improvement compared to September 2024 Return on invested capital increases, with ROI at 9.9% Key industrial guidelines Organic growth of the multi-business portfolio. The strong performance of the water and waste sectors offsets the absence of the temporary opportunities seized in 2024 within the energy segment. Expansion of the operational scope. Strengthening continues through M&A and joint venture initiatives (Ambiente Energia, CircularYard) and through the full consolidation of subsidiaries EstEnergy, Hera Comm, and Aliplast via the acquisition of minority interests. Value creation capacity. Solid operating performance and efficient financial management support earnings growth and the profitability of invested capital. Ample room for development. Cash generation and financial flexibility provide the basis for new organic and external growth initiatives, consistent with the objectives of the Business Plan. Today, the Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated quarterly report at 30 September 2025, which confirms a positive structural performance and strong growth in revenues and investments compared to the same period of the previous year. Cristian Fabbri, Executive Chairman of the Hera Group: “Over the past nine months, leveraging cash generation and our strong financial flexibility, we have focused on the Group’s structural growth: we have doubled our operating investments aimed at development, increasing investments by almost 20% in both regulated sectors and free-market businesses. We furthermore completed a number of M&A transactions and repurchased the minority stakes in EstEnergy, Aliplast and, at the beginning of October, Hera Comm, all of which are now 100% owned. These persistent growth drivers, combined with the strength of our multi-business portfolio, enabled us to offset the loss of certain temporary opportunities and resulted in an increase in return on equity, now close to 10%. These results demonstrate that we are fully on track to achieve the objectives set out in our Business Plan.” Orazio Iacono, CEO of the Hera Group: “Strong operating performance and steps towards financial optimisation supported growth in net profit attributable to Shareholders, which rose by 4.2%. The macroeconomic scenario remains complex, but signs of stabilisation in the energy market, combined with our ability to generate cash flow and margins – with the net debt/EBITDA ratio at 2.6x – now allow us to pursue development opportunities with even greater momentum. One non-negotiable principle remains at the heart of our industrial strategy: sustainability must go hand in hand with competitiveness. All our investments in technologies and services aim to strengthen this connection, improving resilience, innovation and the quality of our offer. Only in this way can we reconcile the Net Zero 2050 target with the growth of local areas and the well-being of communities.” Double-digit growth in revenue, at 9.4 billion euro At 30 September 2025, the Hera Group’s revenue amounted to nearly 9.4 billion euro (9,365.6 million euro), increasing by more than 894 million euro compared to the same period in 2024, up +10.6%, mainly linked to the increase in energy commodity prices and the higher value of gas and electricity volumes traded. EBITDA stable at 1,037 million euro EBITDA for the first nine months of 2025 remained substantially stable with respect to the previous year, amounting to 1,037.2 million euro. Lower margins in the energy areas (–23.3 million euro) were offset by positive results in the water cycle and waste management services. The comparison with 2024 should however take into account the 85 million euro in extraordinary margins recorded that year, linked to temporary non-recurring opportunities (mainly last resort markets and eco-bonuses). Adjusted for these effects, EBITDA at 30 September 2025 shows structural growth coming to 9%, supported by contributions from all the Group’s core businesses, exceeding the 7% average annual growth rate forecast in the Business Plan for the period to 2028. Profit before income tax above 457 million euro Ebit for the first nine months stood at 519.9 million euro, down slightly (-0.5%) compared to the same period in 2024, mainly due to the increase in depreciation and amortisation linked to new investments in regulated sectors and waste treatment, while provisions decreased thanks to the normalisation of the energy market. Effective operational and financial management, which saw a 27.5 million euro reduction in expenses thanks to a rationalisation of the debt structure and a reduction in IAS expenses, led to a profit before income tax of 457.2 million euro, up 5.5% compared to the 433.5 million euro seen at 30 September 2024. Net Profit up 4% Despite the increased tax rate, at 29% (vs 28% the previous year), net profit at 30 September 2025 reached 324.6 million euro, up 4% compared to 312.1 million euro in the same period of 2024. At the same time, net profit attributable to Group Shareholders also grew, reaching 294.7 million euro (+4.2% compared to 282.9 million euro at 30 September 2024). Strong growth in operating investments and confirmation of the Group’s financial solidity At 30 September 2025, operating investments, including capital grants (34.2 million), amounted to 666.8 million euro, up by almost 106 million compared with the same period in 2024 (+18.8%). The areas that benefited most from development and regulatory compliance measures were the integrated water cycle (over 243 million euro in investments, 68 million euro more than the figure seen at 30 September 2024), the waste management area (almost 30 million euro more over one year) and the gas area (+11 million). For further information Press release Visit Investor Relations web area Img_PrimoPiano_9M2025_eng.png img_110x150_9M2025.jpg

For the tenth consecutive year, we are ranked among the 100 most inclusive companies worldwide It’s a “ten out of ten” for us in the 2025 edition of the FTSE Diversity & Inclusion Index managed by FTSE Russell, part of the London Stock Exchange Group. We have secured 10th place globally, the only Italian company in the Top 10, out of a universe of more than 16,500 listed companies, marking our tenth consecutive presence in the index that recognizes companies most active in policies on diversity, equity, inclusion, and people development. About the index The FTSE Diversity & Inclusion Index identifies each year the 100 listed companies with the best global performance on DE&I topics. The methodology is based on 24 indicators across four key areas - diversity, inclusion, people development, and the absence of significant controversies - and relies exclusively on publicly available data. The data used for the 2025 edition are updated as of 30 June and refer to the previous fiscal year and the first half of the current year. Our intersectional approach In 2025, we further strengthened our commitment by launching a new digital training pathway on the MyAcademy platform focused on preventing harassment and violence and on reinforcing a culture of respect. The program - developed from focus groups with around 200 employees - is part of a two-year, intersectional plan that also addresses inclusive language, neurodiversity, parenting, and longevity. Hera also joined the PARI network (“Together against gender violence”) as founding member, further reinforcing the Group’s role in promoting safe, inclusive workplaces. For further information Visit D&I web area Press release diversity_inclusion_870 1.png diversity_inclusion_110.jpg

The consolidated half-year report at 30 June shows increased net profit and capital expenditures, in line with corporate strategies and the targets contained in the Business plan Business and financial highlights Revenues at 6,786.2 million euro (+18.7%) Ebitda at 721.7 million euro (-1.5%) Net profit for Shareholders at 229.3 million euro (+5%) Gross operating investments at 414.0 million euro (+20.2%) Net financial debt at 3,927.1 million euro (-0.9% compared to December 2024), with Net debt / Ebitda at 2.49x (-7.5% compared to June 2024) Return on investment improves, with ROI rising to 10.3% and ROE to 11.5% The Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated results at 30 June 2025. The results for the first half of 2025 show a positive structural performance, with growth in net profit and capital expenditures compared to the same period of the previous year. The Group’s solid multi-business industrial model, balanced between regulated and free market activities, along with its efficient financial management, allow Hera to continue along its path of growth, both internally and through acquisitions, increasing the value and resilience of its assets and contributing to the sustainable development of served areas and the creation of value for all stakeholders. Cristian Fabbri, Executive Chairman of the Hera Group: “In the first half of the year, we continued to increase our creation of value by leveraging the Group’s industrial growth and financial solidity. Cash generation allowed us to finance investments coming to over 400 million euro, up 20%, with the greatest increases going towards plant development in the waste management area and water cycle resilience. The solidity of our balanced business portfolio is reflected in the rise of Return on Equity, which stands at 11.5%. These results show that we are on track with our Business plan.” Orazio Iacono, CEO of the Hera Group: “Good operating performance and financial optimisations supported a 5% increase in net profit attributable to shareholders, which reached 229.3 million euro. These results confirm our ability to continue our path of growth, even in a complex macroeconomic scenario, keeping our focus on resilience, sustainability and innovation. The positive cash generation contributed to a further reduction in net debt, bringing the net debt/Ebitda ratio to 2.49x, which gives us significant strength for targeting future growth opportunities.” Revenues rise to 6.8 billion euro Revenues for the first half of the year amounted to 6,786.2 million euro, up sharply from the 5,716.5 million euro seen at 30 June 2024 (+18.7%), mainly due to higher energy commodity prices and the higher value of trading. Ebitda at 721.7 million euro The result was underpinned by a strong growth in all businesses (+7% increase), visible in a comparison on a like for like basis with first half 2024 Ebitda (733 million euro) excluding the temporary opportunities (mainly linked to last resort markets and the super ecobonus) amounting to approximately 56 million euro. First half 2025 adjusted growth is fully in line with Business plan targets. Net operating result stable and result before taxes increases Ebit for the first six months of 2025 amounted to 383.2 million euro, as against 385.1 million euro in the first half of 2024, as a result of lower provisions mainly related to last resort markets, which more than offset higher depreciation and amortisation for the substantial capital expenditures in development, especially in the regulated sectors. Net profit for Shareholders rises to 229.3 million Despite the increased tax rate, at 29% vs 28% in the first half of 2024, net profit at 30 June 2025 rose to 249.4 million euro, up (+5.1%) from 237.3 million euro in the same period of 2024. Similarly, net profit attributable to the Group’s shareholders also rose, reaching 229.3 million euro (+5%), compared to 218.4 million euro at 30 June 2024. These results once again confirm the creation of value for all stakeholders, perfectly in line with the expectations of the Business plan. Operating investments up by 20.2% and Group solidity further strengthened Operating investments, including capital grants, amounted to 414.0 million euro (+20.2%) in the first half of 2025, as against 344.4 million euro at 30 June 2024. This increase was mainly due to the performance of water and waste sectors. Net financial debt stood at 3,927.1 million euro, an improvement over both the 3,963.7 million euro at 31 December 2024 and the 4,063.5 million euro seen in the first half of 2024, thanks to the positive cash flow that fully covered increased capital expenditures and dividend payments. For further information Press release Visit Investor Relations web area BANNER_PP_ENG_1H2025.png img_110x150_1H2025.jpg

This transaction further expands the offer of waste recovery and treatment services to companies in one of the most dynamic areas of the country Acquisition signed after last February’s binding agreement Herambiente Servizi Industriali finalised the acquisition, from Manifattura Lane Gaetano Marzotto & Figli, of 100% of the capital of Ambiente Energia, a company operating in liquid industrial waste treatment at its plant in Schio, near Vicenza. This closing concludes the process that began on 27 February, when a binding agreement was signed by the two companies. Transaction in line with the 2028 Business Plan More specifically, Ambiente Energia will extend Herambiente Servizi Industriali global waste management offer in one of the most productive and dynamic areas of the country, where the Hera Group is already established with its subsidiaries Vallortigara Servizi Ambientali with two plants in Vicenza province, Aliplast in the Treviso area and Recycla with two plants in Treviso and Pordenone. A multi-purpose plant with an annual capacity of over 120,000 tonnes Ambiente Energia plant, with an annual capacity of more than 120,000 tonnes, thanks to state-of-the-art technological equipment, treats numerous types of liquid and sludge waste, both hazardous and non-hazardous, such as, for example, water from painting and washing, acids and bases, and water from chemical-physical treatments. Its services are thus completely designed for the industrial districts of the Veneto region, including the textile, tanning, engineering and eyewear industries. The purification plant, which returns water to surface waters after treatment, has 41 storage tanks, a wastewater treatment line (both chemical-physical and biological) and a sludge treatment line. For further information Press release   Ambiente Energia_870_ROUNDED.png Ambiente Energia_110.jpg