A2A revenue and financials
€2.25Change from previous close: +1.08%Absolute change: +€0.02
In the fiscal year ended December 2025, A2A reported revenue of €13.74B (+9.30% year over year). Net income was €750M, a net margin of 5.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.30%
- 2025 vs 2024
- Net income growth
- −13.19%
- 2025 vs 2024
- Net margin
- 5.5%
- 2024: 6.9%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 1,776 | 1,139 | 1,040 | 1,260 | — |
| Depreciation and amortization | 955 | 884 | 801 | 724 | — |
| Capital expenditure | -1,681 | -1,512 | -1,376 | -1,240 | — |
| Investing cash flow | -1,267 | -2,813 | -1,359 | -1,142 | — |
| Financing cash flow | -179 | 1,594 | -636 | 1,502 | — |
| Share repurchases | -15.0 | 0.0 | — | — | — |
| Debt issued | 2,903 | 1,942 | 943 | 4,339 | — |
| Debt repaid | -2,980 | -1,031 | -1,505 | -2,782 | — |
| Net change in cash | 330 | -80.0 | -955 | 1,620 | — |
| Free cash flow | 95.0 | -373 | -336 | 20.0 | — |