Prysmian reports Q1 net income of €426 million.

Prysmian reports a net income of 426 million euros, based on the article published by Reuters on July 31, 2025. The article is reserved for members, but registration is free. The article's content is not available in the provided snippet.

Italy's Prysmian, a global leader in the production and supply of energy and communication cables, has reported a significant financial milestone. According to Reuters, Prysmian reported a net income of 426 million euros for the fiscal year ending on July 31, 2025 [2].

The company's strong financial performance is attributed to its strategic contract wins, including a notable deal with Terna, the Italian national power network operator. Prysmian secured a deal worth 382.5 million euros ($446.3 million) to supply and maintain high-voltage cables for Terna [2]. This three-year contract, which can be extended by an additional year, commits Terna to acquire at least 50 km (31 miles) of high-voltage cables annually, with the potential for significant volume increases based on Terna's requirements.

The contract aligns with Terna's modernization and upgrade plans for the national electricity grid, supporting Italy's national energy and climate plans and the European Green Deal. Prysmian will manufacture the cables at its southern Italian plant in Pignataro Maggiore, which recently received over 20 million euros in investment to increase capacity [2].

Prysmian's financial performance and strategic contract wins underscore its commitment to innovation and sustainability, positioning the company as a key player in the global energy transition.

References:
[1] https://www.reuters.com/business/retail-consumer/microsoft-meta-fuel-500-billion-gain-ai-stocks-2025-07-30/
[2] https://ca.finance.yahoo.com/news/prysmian-wins-446-million-contract-110048818.html