1. Italy Stocks

  2. •

    Utilities

  3. •

    Diversified Utilities
Iren S.p.A.

Iren S.p.A.

IRDEF
Iren S.p.A.US flagOther OTC
2.88
USD
- -
- -
3.70BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.58
2.16
2.33
2.5
2.83
3.08
3.23
2.83
3.8
6
4.95
4.64
5.02
4.8
Basic EPS, GAAP
0.06
0.07
0.09
0.14
0.19
0.19
0.18
0.19
0.24
0.18
0.2
0.21
0.23
0.23
Free Cash Flow per Basic Share
0.1
0.06
0.24
0.26
0.24
0.26
0.15
0.11
0.15
0.14
-0.15
0.2
0.12
0.04
Dividend per Share
0.06
0.06
0.06
0.07
0.07
0.09
0.12
0.12
0.12
0.12
0.14
0.15
0.14
0.01
Book Value per Share
1.06
1.07
1.09
1.14
1.19
1.19
1.18
1.19
1.25
1.19
1.21
1.22
1.25
1.11
Tangible Book Value per Share
0.54
0.5
0.45
0.55
0.56
0.31
0.23
0.21
0.18
0.1
-0.11
-0.2
-0.22
-0.14
Basic Weighted Avg Shares
1,276
1,276
1,276
1,276
1,276
1,292
1,299
1,292
1,283
1,283
1,283
1,283
1,283
1,283
Sales/Revenue/Turnover
3,293
2,761
2,975
3,193
3,617
3,978
4,199
3,654
4,878
7,699
6,353
5,949
6,435
6,156
Operating Margin (%)
11.19
11.66
13.94
15.88
13.85
14.91
11.06
11.54
9.84
5.82
7.31
9.11
8.45
8.63
Depreciation Expense
199
238
268
305
322
355
404
441
478
523
601
655
716
725
Net Income, GAAP
81
86
118
180
238
242
236
239
303
226
255
268
301
294
Effective Tax Rate (%)
52.89
53.13
43
38.2
28.27
29.85
29.59
27.08
21.3
32.31
25.61
30.26
27.86
27.62
Profit Margin (%)
2.45
3.11
3.97
5.63
6.57
6.09
5.63
6.54
6.21
2.94
4.01
4.51
4.67
4.77
Working Capital
-194
-25
463
442
536
403
302
577
136
169
-530
-364
-263
-182
LT Debt
1,801
2,168
2,664
2,836
2,926
2,938
3,056
3,734
3,495
- -
- -
4,381
4,430
- -
Total Equity
1,989
1,994
2,062
2,297
2,499
2,562
2,651
2,765
2,951
3,191
3,244
3,344
3,711
3,836
Return on Invested Capital (%)
3.89
3.3
4.96
6.11
6.57
7.36
5.56
4.91
5.68
6.18
10.19
6.41
4.87
10
Return on Capital (%)
2.63
2.72
3.46
5.3
5.51
5.81
5.05
4.48
5.29
5.58
13.26
6.9
5.71
22.06
Return on Common Equity (%)
6.12
6.31
8.58
12.62
16.01
15.84
15.35
15.54
19.28
14.44
16.53
17.18
18.96
20.48

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
119
- -
LT Borrowings
- -
4,430
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,283
1,283
1,283
Market Capitalization
3,313
3,441
2,899

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,927
2,279
2,512
Cash, Cash Equivalents & STI
204
206
406
Accounts Receivable, Net
1,162
1,364
1,481
Inventories
74
68
68
Total Current Liabilities
2,274
2,542
2,694
Payables & Accruals
- -
- -
- -
ST Debt
- -
119
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.11%
6.11%
10.97%
Free Cash Flow
-50.12%
-87.59%
-39.73%
Net Income, GAAP
11.64%
6.27%
11.95%
Sales/Revenue/Turnover
9.88%
15.13%
8.17%
Total Cash Common Dividend
8.72%
3.83%
-6.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,543
1,111
1,413
1,882
5,949
2025
2,056
1,362
1,252
1,766
6,435
2026
1,777
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
- -
- -
- -
0.21
2025
0.11
- -
- -
- -
0.23
2026
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.15
2025
- -
- -
- -
- -
0.14
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Gianluca Bufo
Full Time Employees
11,578
Sector
Utilities
Industry
Diversified Utilities
Address
Via Nubi di Magellano, 30 Reggio Emilia RE Italy 42123
IPO Date
Feb 19, 2013
CIK
0001530256
Website
gruppoiren.it
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Business
Iren S.p.A. (IRE.MI) operates as a leading multi-utility company in Italy, providing essential services across energy, water, waste management, and related sectors through its subsidiaries organized into five core business units: Networks, Waste Management, Energy, Market, and Smart Solutions; the company distributes electricity via approximately 7,872 kilometers of medium- and low-voltage networks serving around 729,000 users, natural gas through 8,160 kilometers of pipelines to 738,000 customers, and manages the integrated water cycle including 20,358 kilometers of aqueducts and 11,279 kilometers of sewers for nearly 3 million inhabitants, alongside district heating as Italy's largest operator with 99 million cubic meters in volume, waste collection and treatment for 3.8 million inhabitants handling 3.8 million tons annually, renewable and thermoelectric energy production with 2.8 gigawatts capacity (76% eco-friendly), sales of electricity, gas, heat and customer services to over 2 million energy clients, and smart solutions encompassing energy efficiency projects like cogeneration, LED relamping, photovoltaics, electric mobility, and community services such as public building renovations. Founded in 2010 and headquartered in Reggio Emilia, Italy, with operating hubs in Genoa, Parma, Piacenza, Turin, La Spezia, and Vercelli, Iren serves a multi-regional area across more than seven million inhabitants in northern and central Italy, employing over 9,000 people and generating nearly 5 billion euros in revenues, with regulated and semi-regulated activities comprising about 70% of EBITDA; it holds top national rankings including first in district heating, second in integrated water services, third in waste collection, sixth in electricity generation, and fifth in energy supply. In a significant recent development, Iren finalized the acquisition of an additional 47.23% stake in Egea Holding S.p.A. from MidCo 2024 S.r.l. in May 2025, achieving 100% ownership to accelerate development investments, growth projects, and business integration; the company also unveiled its 2025-2030 business plan in November 2025, targeting substantial net profit growth from 268 million euros in 2024 to approximately 400 million euros by 2030, underscoring its focus on renewables, energy transition, circular economy leadership, and infrastructure expansion.

Company News

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