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A2A S.p.A.

A2A S.p.A.

A2A.MI
A2A S.p.A.IT flagItalian Stock Exchange
2.28
EUR
+0.00
- -
7.12BMarket Cap
A2A S.p.A.
A2A.MI
(Italian Stock Exchange)

Recent

price

2.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.91
1.94
2.02
1.74
1.53
1.52
1.47
1.8
2.02
2.29
2.14
3.69
7.32
4.63
4.01
4.39
0.93
Revenue per Share
0.06
-0.14
0.08
0.02
-0.01
0.02
0.07
0.09
0.11
0.13
0.12
0.16
0.13
0.21
0.28
0.24
0.05
Basic EPS, GAAP
0.16
0.03
0.19
0.16
0.2
0.18
0.14
0.13
0.17
0.02
-0.05
0.02
0.01
-0.11
-0.12
0.03
-0.07
Free Cash Flow per Basic Share
0.01
0.1
0.01
0.03
0.03
0.04
0.04
0.05
0.06
0.07
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.62
0.39
0.61
0.54
0.51
0.55
0.6
0.62
0.63
0.65
0.64
0.69
0.65
0.73
0.8
0.76
0.68
Book Value per Share
1.06
0.67
0.74
0.66
0.6
0.62
0.51
0.37
0.39
0.41
0.44
0.38
0.3
0.37
0.52
0.6
0.65
Tangible Book Value per Share
3,102
3,106
3,106
3,106
3,106
3,106
3,109
3,109
3,109
3,109
3,109
3,074
3,133
3,133
3,133
3,131
3,133
Basic Weighted Avg Shares
5,923
6,029
6,281
5,389
4,761
4,732
4,581
5,590
6,271
7,122
6,655
11,352
22,938
14,492
12,570
13,739
2,925
Sales/Revenue/Turnover
8.41
6.87
7.98
9.35
10.9
12.13
15
12.74
11.27
9.18
7.74
5.47
2.37
6.18
10.3
8.33
8.24
Operating Margin (%)
450
404
489
486
446
395
429
410
463
502
555
666
724
801
884
955
198
Depreciation Expense
196
-423
260
62
-37
73
232
293
344
389
364
504
401
659
864
750
145
Net Income, GAAP
40.2
408.33
34.97
40.48
111.18
175
36.53
33.33
32.04
32.53
20.93
6.1
45.81
22.64
26.34
28.39
27.5
Effective Tax Rate (%)
3.31
-7.02
4.14
1.15
-0.78
1.54
5.06
5.24
5.49
5.46
5.47
4.44
1.75
4.55
6.87
5.46
4.96
Profit Margin (%)
569
555
756
809
841
304
539
497
248
475
942
439
1,452
806
668
342
1,197
Working Capital
3,736
3,851
4,371
3,982
3,879
3,089
3,436
3,501
2,984
3,307
3,909
4,322
5,867
5,576
6,317
6,216
5,380
LT Debt
4,845
3,593
3,697
3,348
3,179
3,259
3,279
3,013
3,523
3,651
4,116
4,303
4,467
4,802
6,092
6,490
5,726
Total Equity
4.18
-15.1
4.01
3.78
-0.8
-6.22
6.39
6.92
6.85
6.15
5.16
6.52
2.84
6.17
7.73
5.95
1.85
Return on Invested Capital (%)
7.94
-5.29
5.08
2.54
-1.17
1.49
5.26
6
6.84
7.6
6.47
7.08
4.76
8.3
9.94
8.39
2.7
Return on Capital (%)
10.75
-26.92
16.8
3.46
-2.25
4.43
13.02
15.49
17.66
19.49
18.15
24.43
19.26
30.52
36.14
30.79
7.29
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'16
Mar'24
Jun'24
ST Debt
359
- -
564
LT Borrowings
3,431
- -
5,242
LT Finance Leases
5
- -
138
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,109
- -
3,133
Market Capitalization
3,816
5,232
5,827

Working Capital

FRC

•

in mil. unless spec.
Dec'16
Mar'24
Jun'24
Total Current Assets
3,059
- -
6,648
Cash, Cash Equivalents & STI
620
- -
1,936
Accounts Receivable, Net
2,174
- -
2,997
Inventories
159
- -
567
Total Current Liabilities
2,520
- -
5,451
Payables & Accruals
- -
- -
- -
ST Debt
359
- -
564
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.5%
9.85%
6.53%
Free Cash Flow
-248.43%
-420.99%
-125.47%
Net Income, GAAP
36.84%
20.06%
-13.19%
Sales/Revenue/Turnover
16.99%
26.37%
9.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12,570
2025
- -
- -
- -
- -
13,739
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.28
2025
- -
- -
- -
- -
0.24
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
A2A S.p.A. generates, distributes, and markets electricity, gas, and renewable energy; provides integrated water cycle management, waste collection, treatment, disposal, and recovery services; operates district heating networks recovering heat from waste-to-energy plants, industrial processes, and renewables; offers public lighting, smart city solutions including video surveillance and traffic management, energy efficiency consultancy, and electric mobility charging infrastructure with thousands of points; and produces energy via a diversified portfolio encompassing 9.7 gigawatts across hydroelectric, thermoelectric, photovoltaic, wind, biomass, cogeneration, and synchronous compensator plants. The company serves approximately 2 million electricity customers, 1.6 million gas customers, and millions of residents in northern and central Italy, with nationwide presence in e-mobility and public lighting, plus facilities in regions including Lombardy, Brescia, Bergamo, and extensions to southern Italy and islands; it operates internationally in energy production in Greece and eyes European expansion in waste-to-energy and power sectors. Founded in 1996 through the merger of Brescia and Milan utilities and headquartered at Corso di Porta Vittoria 4 in Milan, Italy, with registered offices in Brescia, A2A structures operations across energy production, networks, retail, environment park, and corporate services segments, incorporating subsidiaries like ACSM-AGAM and A2A Calore & Servizi. In November 2025, A2A updates its strategic plan through 2035, raising total investments to 23 billion euros with 16 billion euros for energy transition including 4.9 billion euros to expand electricity networks to 4 billion euros RAB following the 2024 acquisition of Enel assets in Milan and Brescia provinces for over 1.2 billion euros financed via green hybrid bonds and loans, 3.7 gigawatts renewable capacity growth, and 5 million customers; 7 billion euros targets circular economy leadership treating 6.6 million tonnes of waste annually, plus 1.6 billion euros for data center development as energy partner and direct operator in Lombardy hubs; geographic diversification pursues waste-to-energy opportunities abroad, alongside Net Zero 2050 commitments and first Climate Transition Plan issued in December 2025.