Italian energy infrastructure firm Snam reports higher Q1 earnings and investments, with net debt climbing to EUR 18.5B.
Snam reported first-quarter revenue of 999 million euros, up 3.0% year-over-year, driven by higher infrastructure utilization. EBITDA increased 9.3% to 775 million euros, while adjusted net profit rose 1.6% to 375 million euros, excluding one-off effects from the prior-year period.
The company’s total investments reached 991 million euros in the quarter. Net financial debt climbed to 18.5 billion euros, an increase of 992 million euros compared to December 31, 2025, reflecting ongoing capital expenditure and financing activities.
Shares showed limited movement following the release, as results aligned with market expectations for steady operational performance in the energy sector.