- Production value increased to €202.7 million, with EBITDA reaching €68.1 million
- Record order backlog of €936 million, supported by inflation-indexed revenue mechanisms
- More than €24 million invested across key smart city value chains
- Over 396,000 MWh saved and 118,000 tonnes of CO₂ emissions avoided, further strengthening the Group’s ESG impact
The Board of Directors of City Green Light has approved the Consolidated Financial Statements for the financial year ended 2025, which closed with a production value of €202.7 million and EBITDA of €68.1 million.
Against an international backdrop marked by persistent inflationary pressures and volatile energy markets, the Group has continued its evolution from an energy efficiency operator into an integrated technology platform for smart cities, further strengthening a solid and counter-cyclical business model.
Consolidated results: profitability and financial strenght
The 2025 financial year marked a strategic milestone for the Group’s ownership structure with the entry of Igneo Infrastructure Partners, a leading global sustainable infrastructure investment manager, which acquired 100% of the company’s share capital.
From an economic perspective, the Group’s production value reached €202.7 million, compared with €187.2 million in the previous financial year. The main operating business lines confirmed the significant contribution of public lighting concession contracts, amounting to €132.3 million. Additional contributions came from the facility management and building energy efficiency segment, generating €28.9 million, as well as from extra-contract works under concession agreements, amounting to €8.9 million. These figures were complemented by €947 thousand generated through the provision of advanced technological services for smart cities.
EBITDA reached €68.1 million, compared with €64.9 million in 2024, with an EBITDA margin of 33.63%, remaining at a high level for the sector. EBIT amounted to €40.9 million, maintaining stable industrial profitability with a Return on Sales (ROS) of 20.21%. Consolidated net profit stood at €16.8 million, compared with €22.3 million in 2024, mainly due to extraordinary costs associated with the corporate transition.
“2025 represented a key milestone in our company’s industrial transformation journey. The entry of a global infrastructure investor such as Igneo Infrastructure Partners further strengthens our ability to support long-term development plans and confirms the robustness of the industrial model we have built over the years. In a complex economic and geopolitical environment, the Group continued to grow, maintaining strong margins and further reinforcing its financial structure.
Today, City Green Light can rely on an order backlog approaching €1 billion, based on long-term contracts and essential services for local communities, supported by inflation-indexed mechanisms. The integration of the expertise of Termotecnica Sebina and the commercial results achieved by CityMetrics and Smart Parking Systems confirm City Green Light’s role as a leading technology partner for Public Administrations.
We will continue investing in innovation, energy efficiency and urban digitalisation, with the goal of generating sustainable and long-lasting value for communities, partners and investors. ”. Alessandro Visentin, CEO di City Green Light.
Local investments, industrial development and sustainability
During 2025, the Group made investments of more than €24 million, confirming its commitment to the development of the main smart city and energy transition value chains. Specifically, €20.1 million was allocated to energy efficiency projects and LED technology, €2.6 million to the expansion of photovoltaic parks across the territory, approximately €1.2 million to the development of the Group’s software ecosystems, and more than €223 thousand to smart parking management systems.
During the financial year, the Group consolidated its presence in the markets of intelligent public lighting, building energy efficiency and technological services for Public Administrations.
At the end of the financial year, the Group’s total order backlog reached the record value of €936 million, representing an 11% increase year-on-year. As these are predominantly long-term contracts linked to essential public services and structured with annual inflation adjustment mechanisms, the business model benefits from high revenue visibility and significant resilience to energy market volatility.
Environmental results were also highly significant: the projects implemented by the Group generated energy savings exceeding 396,000 MWh, contributing to a 69% reduction in the historical energy consumption of the municipalities served and preventing the emission of more than 118,000 tonnes of CO₂ into the atmosphere.
Sustainability is also reflected in the maintenance of the main UNI and ISO certified management systems, including the SA8000 standard for social accountability, ISO 30415 for diversity and inclusion, and the UNI/PdR 125 certification for gender equality.
The Role of Subsidiaries and ESG Objectives
This diversification is supported by an ecosystem of specialised and integrated subsidiaries. Among these, the results of Lumagest stand out, which manages 34 multi-year concessions in Abruzzo with a production value of €7.3 million, the technological services of CityMetrics, dedicated to the remote control of smart cities, which reach €2.1 million, and Smart Parking Systems, active in urban parking optimisation with over €1 million in production value. In the renewable energy segment, the subsidiaries Efferre Energia and Energy Green are engaged in the development and completion of photovoltaic plants in Emilia-Romagna, Calabria and Puglia, with a combined total capacity of 6.9 MWp.
At the end of the financial year, the Group’s total order backlog reached the record value of €936 million, recording an 11% year-on-year increase.
MEDIA AGENCY – Eprcomunicazione – Filippo Nani, Francesca Magnanini magnanini@eprcomunicazione.it Mobile +39 338 691 0347