Business description: Italgas S.p.A.

Italgas S.p.A. specializes in the distribution of natural gas. Net sales break down by activity as follows:

- distribution of natural gas (91.9%): 11,409 million m3 distributed in 2025. At the end of 2025, the group operated a distribution network of 156,655 km;

- other (8.1%): primarily water and heat distribution, engineering, technical assistance, etc.

Number of employees: 6,289

Sales by Activity: Italgas S.p.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Gas Distribution

213.46Cr 223.48Cr 234.49Cr 240.84Cr 339.18Cr

Corporate

- - 9.38Cr 8.53Cr 13Cr

Water Service

- - - 9.91Cr 10Cr

Energy Efficiency

- - 30Cr 4.86Cr 9.3Cr

Inter-Sector Revenues

- - -9.98Cr -10Cr -15Cr

Geographical breakdown of sales: Italgas S.p.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Italy

213.46Cr 223.04Cr 238.41Cr 225.88Cr 321.53Cr

Greece

- 8.21Cr 25Cr 28Cr 29Cr

Non-EU Countries

- - - 14.4L 9L

Executive Committee: Italgas S.p.A.

Manager TitleAgeSince
Chief Executive Officer 65 01/08/2016
Director of Finance/CFO - 01/06/2026
Compliance Officer 53 -
Investor Relations Contact - -
Comptroller/Controller/Auditor 65 -

Composition of the Board of Directors: Italgas S.p.A.

Director TitleAgeSince
Director/Board Member 65 -
Director/Board Member 47 27/01/2022
Director/Board Member 54 26/04/2022
Director/Board Member 53 01/07/2021
Chairman - 13/05/2025
Director/Board Member - 13/05/2025
Director/Board Member - 13/05/2025
Director/Board Member - 13/05/2025
Director/Board Member - 13/05/2025
Director/Board Member - 13/05/2025

Shareholders: Italgas S.p.A.

NameStocks%Valuation
Cassa Depositi e Prestiti SpA
22.08 %
22,44,20,826 22.08 % 2 636 M €
11.45 %
11,63,25,373 11.45 % 1 366 M €
Lazard Asset Management LLC
9.228 %
9,37,88,018 9.228 % 1 102 M €
Cassa Nazionale di Previdenza ed Assistenza per gli Ingegneri
1.167 %
1,18,64,315 1.167 % 139 M €
Lazard Asset Management Pacific Co.
0.8623 %
87,63,524 0.8623 % 103 M €

Company details: Italgas S.p.A.

Italgas SpA

Via Carlo Bo 11

20143, Milan

+39 02 81 87 21 75

http://www.italgas.it
address Italgas S.p.A.(IG)

Group companies: Italgas S.p.A.

NameCategory and Sector
Oil & Gas Production
Oil & Gas Production
Gas Distributors
Gas Distributors

Natural Gas Distribution

Change 5-day change 1-year change 3-year change Capi.($)
-0.09%+6.23%+54.09%+89.76% 1.25TCr
+0.04%-.--%-.--%-.--% 5.55TCr
-0.59%-2.31%+0.74%-2.73% 1.62TCr
+1.45%-7.18%-4.40%-5.20% 821.11Cr
-1.15%-4.17%-13.32%+11.47% 770.04Cr
+0.66%+1.82%-2.96%+20.14% 745.88Cr
-5.07%-7.74%-23.19%-51.74% 733.49Cr
+0.35%+0.18%-3.57%+42.75% 728.18Cr
+0.72%+2.26%+24.29%+41.74% 642.54Cr
+0.24%+1.39%+23.65%+13.49% 558.4Cr
Average -0.35%+0.91%+5.53%+15.97% 1.34TCr
Weighted average by Cap. -0.22%+2.85%+4.62%+11.55%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
10.66EUR
Average target price
10.71EUR
Spread / Average Target
+0.45%

Quarterly revenue - Rate of surprise

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