cover Integrated annual report 2025

Integrated annual 

report 2025

Introduction

For the Iren Group, 2025 represents an evolution in the way it tells the story of its commitment: a single report integrates economic performance and sustainability goals, reflecting the synergy between industrial strategy sustainable development and human development. In line with the new ESRS standards, the document expresses an increasingly responsible and systemic approach to value creation, through targeted investments, continuous innovation and a strong focus on people and territories.

Letter to Shareholders and Stakeholders

Shareholding structure

Mission and vision of the Iren Group

Iren Group in Numbers: 2025 Highlights

Corporate Structure of the Iren Group

Information on Iren Stock

Economic indicators

The Iren Group uses financial economic indicators to effectively convey information about the profitability of the businesses it operates in, as well as its financial and asset position. As of December 31, 2025, the Board of Directors approved the following results:

€925 million

technical investments

€ 1.353 million

EBITDA 

€c13.86/share

dividend 

Sustainability indicators

Iren Group's strategy integrates business and sustainability with the aim of creating value in the short- and long-term for the company and its stakeholders. For this reason, the Group's commitment is focused on improving the lives of the communities in which it operates, through the provision of services and the construction of infrastructures that enhance the territories, with a significant sustainability investment plan.

942

new hires in the year

47%

female presence on BoD

208

stores in the territories

70.5%

sorted waste collection

2,162 GWh

energy produced from renewable sources

100%

gas network inspected

3,921,481

population equilavent served by wastewater treatment plants

6.2 Mmc

wastewater reused

Integrated management report

Important facts for the 2025 financial year

Economic and financial situation of Iren Group 2025

Significant events after the reporting date and outlook 2025

Transactions with related parties

Innovation and research

Corporate Governance Information

Highlights from the Financial Statements

Consolidated Financial Statements and Illustrative Notes

Consolidated Financial Statements and Illustrative Notes

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Separate Financial Statements and Illustrative Notes

Separate Financial Statements and Illustrative Notes

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Copertina della Relazione Annuale Integrata 2025 del Gruppo Iren

The last report

Read the full 2025 Integrated Annual Report to get an overview of costs incurred and revenues earned by the Iren Group during the year.

 

Integrated annual report 2025

Integrated annual report 2025

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Archive with all reports

  • Integrated annual report 2024

    Integrated annual report 2024

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  • Sustainability Report 2023

    Sustainability Report 2023

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    Financial Report 2023

    Financial Report 2023

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  • Sustainability Report 2022

    Sustainability Report 2022

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    Financial Report 2022

    Financial Report 2022

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  • Sustainability Report 2021

    Sustainability Report 2021

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    Financial Report 2021

    Financial Report 2021

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  • Sustainability Report 2020

    Sustainability Report 2020

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    Financial Report 2020

    Financial Report 2020

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  • Sustainability Report 2019

    Sustainability Report 2019

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    Financial Report 2019

    Financial Report 2019

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  • Sustainability Report 2018

    Sustainability Report 2018

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    Financial Report 2018

    Financial Report 2018

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  • Sustainability Report 2017

    Sustainability Report 2017

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    Financial Report 2017

    Financial Report 2017

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  • Sustainability Report 2016

    Sustainability Report 2016

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    Financial Report 2016

    Financial Report 2016

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  • Sustainability Report 2015

    Sustainability Report 2015

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