FOR INVESTORS

Investor Relations: figures and vision

Every choice made, every project completed, every result achieved tells the story of how we create long-term value.

This is where you can follow our future as it takes shape, step by step, and stay updated on our sustainable growth journey.

Financial strength to drive the green transition

We have strengthened our role as an enabler of Italy’s energy transition, as an integrated operator across the entire energy value chain. Today, we are ready to seize all opportunities for further sustainable growth.

The numbers 2025

2.283 billion euros

in revenue and income
491 ,2 million euros

in EBITDA

324 ,5 million euros

in total investments
1.494 million euros

in equity

2025 Financial Statements Highlights

THE STRATEGIC PLAN A VISION TO GO “BEYOND” THE ROUTE TO 2030

THE ROUTE TO 2030

“Oltre” (“Beyond”) is an attitude: stepping out of our comfort zone with a focus on evolution. The new Strategic Plan reflects a DNA built on sustainability, solidity and a close relationship with the areas where we operate. But we want to change the way we deliver our services and make customers and stakeholders active protagonists of the green transition. How do we do this? With over 2 billion euros in planned investments, the strategy rests on three pillars: leadership in renewables, the development of networks and environmental services, and putting people at the centre.

THE ROUTE TO 2030

WE HAVE PUBLIC AND PRIVATE SHAREHOLDERS

The parent company Dolomiti Energia S.p.A. has a mixed shareholding. 68.7% of our shares are held by public shareholders, principally the Autonomous Province of Trento, the Municipality of Trento and the Municipality of Rovereto.

Our minority shareholders include private partners and local utilities.

6,3%

TREASURY SHARES

25%

private shareholders

68,7%

PUBLIC SHAREHOLDERS

A STRUCTURE THAT CREATES VALUE FOR STAKEHOLDERS

As an integrated industrial entity, Dolomiti Energia is the Group’s nerve centre. This is where we have centralised our excellence services: the parent company supports and actively participates in the operational, financial and industrial coordination of each business unit, maximising the specific strengths of each. This organisational structure ensures optimal management and maximum efficiency of all corporate activities.

OUR ORGANISATION

CODE OF CONDUCT AND ORGANISATION AND CONTROL MODEL

Code of Conduct

Our work is based on the Group’s shared Code of Conduct, which sets out the ethical principles and commitment to responsibility with which we approach our day-to-day work. It is a guarantee of integrity for shareholders and institutions.

All contracts – employment, procurement, partnership or consultancy – are based on our values. For this reason, employees, partners and suppliers are required to follow the Code’s guidelines.

CODE OF CONDUCT

Model 231/01

The Organisation, Management and Control Model 231/01 is our key tool for ensuring ethics and transparency. It helps us manage certain risks associated with our business activities and prevent offences such as corporate crimes or corruption.

We apply it rigorously, periodically updating the risk mapping based on impact and probability, and defining appropriate controls to address them.

MODEL 231