)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
ACEA (ACE) investor relations material
ACEA Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Pro forma EBITDA for the first nine months of 2025 reached €1.084 billion, up 8% year-over-year, with 95% of EBITDA from regulated businesses; recurring pro forma EBITDA up 10%.
Net profit rose 46% to €415 million, including a €109 million capital gain from the high-voltage network sale; recurring net profit up 8% to €301 million.
Pro forma revenues grew 7% year-over-year to €2.208 billion, with regulated businesses contributing 89% of total revenues.
CapEx increased 6% to €1.01 billion, with 89% focused on regulated businesses; net of grants, CapEx was €843 million.
Asset rotation strategy focused on core regulated businesses, with disposals of the high-voltage network and ACEA Energia.
Financial highlights
Pro forma EBITDA reached €1.084 billion (+8% year-over-year); recurrent pro forma EBITDA up 10%.
Net profit for the first nine months of 2025 was €415 million (+46%), including a €109 million capital gain from the high-voltage network disposal.
CapEx (including grants) grew 6% to €1.01 billion; net of grants, CapEx was €843 million.
Operating cash flow positive at €19 million, supported by asset disposals.
Pro forma net financial position (NFP) at €4.693 billion; Net Debt/EBITDA ratio at 3.39x.
Outlook and guidance
2025 pro forma EBITDA guidance raised to 8%-10% growth over 2024 restated figure.
CapEx guidance for 2025 set at €1.6 billion (€1.2 billion net of grants).
Debt/EBITDA ratio expected between 3.4 and 3.5 times, including proceeds from ACEA Energia disposal.
Business plan update expected in Q1 2026.
Focus remains on sustainable infrastructure development in regulated markets.
How will greater financial leverage be deployed?
Detail working capital management actions.
What are the key drivers for RAB growth in 2026?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ACEA earnings date
Q4 202512 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ACEA S.p.A. is a multi-utility company based in Italy, primarily engaged in the provision of water, energy, and environmental services. The company operates extensive water supply networks, manages waste treatment facilities, and generates and distributes electricity with a focus on renewable energy sources. ACEA serves residential, commercial, and industrial clients, supporting urban infrastructure and sustainability initiatives in the regions it operates. In addition, the company provides public lighting services, promoting energy efficiency and modernization in urban areas. The company is headquartered in Rome, Italy, and its shares are listed on the Borsa Italiana.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage