Clarification regarding the CVA Group’s financial structure

With regard to recent reports in the local media concerning the CVA Group’s debt, reported as one billion euros, the company considers important to provide investors, stakeholders and the general public with certain information to aid a correct understanding of its financial position.

Update on the approval process for the Group’s Consolidated Financial Statements

CVA S.p.A. announces that further analysis and assessment activities are currently underway, aimed at ensuring the completeness and reliability of the Group’s financial information. Consequently, the approval process for the Consolidated Financial Statements will extend beyond the timeframes ordinarily envisaged.

Highlights of consolidated technical and economic data relating to the 2025 pre-closing results

The Board of Directors of CVA S.p.A. approved the pre-closing results of the CVA Group as at December 31, 2025.

CVA: Moody’s affirms Baa2 rating with stable outlook

Moody's Ratings has today affirmed its long-term issuer rating of Baa2 with a stable outlook.

Highlights of the consolidated 2025 forecast

On December 19, 2025, the Board of Directors of CVA S.p.A. approved an update to the 2025 forecast for the Group's consolidated financial statements.

CVA: Fitch Ratings confirms long-term rating at BBB+ and revises Outlook

The Outlook revision reflects the expected increase in financial leverage in the period 2026-2028