Snam stock holds steady after 2025 results and 2026 guidance
Published on 07/21/2026 at 20:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Snam (IT0003153415) stock is supported by 2025 results that showed EUR 3.56 billion in revenue, EUR 2.40 billion in adjusted EBITDA, and EUR 1.26 billion in adjusted net profit, according to the company’s investor relations materials. The group also guided to about EUR 1.7 billion in net profit for 2025 and outlined a 2025-2029 investment plan of EUR 12.4 billion.
EUR 2.40 billion EBITDA
The EBITDA line matters most because it gives a cleaner view of Snam’s regulated-network cash generation. In 2025, adjusted EBITDA reached EUR 2.40 billion, compared with EUR 2.32 billion in 2024, while adjusted net profit rose to EUR 1.26 billion from EUR 1.20 billion, showing a year-on-year increase in the core earnings base.
That comparison is useful for investors because it shows the group growing earnings even in a mature utility profile. The business remains tied to infrastructure spending, and the EUR 12.4 billion plan running through 2029 keeps that investment cycle visible.
Investment plan reaches EUR 12.4 billion
Snam’s 2025-2029 plan centers on grids, storage, and energy-transition infrastructure, with EUR 12.4 billion earmarked over the period. The company also reported total revenue of EUR 3.56 billion in 2025, up from EUR 3.42 billion in 2024, which gives the latest annual backdrop for the balance-sheet and capital-allocation debate.
The 2026 lens remains important because capital intensity, not headline growth, is the main driver for the stock. In that framework, the combination of EUR 3.56 billion revenue, EUR 2.40 billion adjusted EBITDA, and EUR 1.26 billion adjusted net profit gives a compact read on operating scale and earnings resilience.
Product and network focus
The most representative business line is Snam’s regulated gas transmission network, which sits at the center of its earnings model and long-term investment plan. The network-led structure explains why the company tends to emphasize multiyear capital expenditure, storage capacity, and system reliability rather than short-cycle sales growth.
For investors tracking the stock, the key point is that Snam’s 2025 figures already frame 2026 with visible earnings power and a large execution slate. The share story is therefore driven less by product launches than by how smoothly the infrastructure program converts into regulated returns.
Market level on 21 July 2026
The share-price angle can be kept simple: the market is pricing Snam against those 2025 earnings and the EUR 12.4 billion plan as of 21 July 2026. Because a live quote was not included here, the clearest dated market reference in this article is the 21 July 2026 context itself, while the operating metrics above supply the numeric anchor for the current setup.
Snam annual results and plan
The investor-relations page is the best starting point for the latest annual figures, guidance, and capital-spending outline.
Snam stock facts
- Company: Snam S.p.A.
- ISIN: IT0003153415
- Ticker: BIT: SRG
- Trading venue: Borsa Italiana
- Sector / Industry: Utilities, Gas Utilities
- Index membership: FTSE MIB
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
