Hera BoD approves results as at 31 March 2026
Despite an unstable external environment, the Group’s quarterly performance was not affected, closing with a slight overall improvement in industrial margins and economic results compared to the same period of the previous year, confirming its ability to generate value consistently.
EBITDA amounted to €418.9 million, up 0.2%, supported by the positive contribution from the integrated water cycle, solid performance in the environment area, and growth in other services, which fully offset the decline in energy segments. Net profit attributable to shareholders increased by 0.6%.
Gross operating investments also recorded significant growth of 24.1% compared to the previous year, confirming the Group’s commitment to strengthening the resilience of managed assets and enhancing their technological value, also in support of the ecological transition.
Net financial debt stood at €4,028.6 million, up by approximately €84.2 million compared to 31 December 2025. Operating cash flow was sufficient to cover the increase in investments and most of the acquisitions carried out during the quarter.
| Economic data (mln €) | 1Q 2026 | Inc. % | 1Q 2025 | Inc. % | Var % 25-26 |
|---|---|---|---|---|---|
| Revenues | 3,517.6 | 100.0% | 4,321.3 | 100.0% | (18.6%) |
| Ebitda | 418.9 | 11.9% | 418.0 | 9.7% | +0.2% |
| Ebit | 248.8 | 7.1% | 247.2 | 5.7% | +0.6% |
| Pre tax profit | 234.5 | 6.7% | 234.0 | 5.4% | +0.2% |
| Net profit adj. | 165.1 | 4.7% | 163.8 | 3.8% | +0.8% |
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| Shareholders of Parent Company adjusted | 154.6 | 4.4% | 153.7 | 3.6% | +0.6% |
| Minority shareholders | 10.5 | 0.3% | 10.1 | 0.2% | +4.0% |
Economic data (36 kb - XLS)
To learn more: Financial results Hera has reported since its constitution in 2002: Summary data 2002-2025 (121 kb - XLS)
Page updated 13 May 2026
