TOSCANA ENERGIA SPA
TOSCANA ENERGIA SPA is an Italian società per azioni (joint-stock company) whose registration with the Italian companies register remains listed as active. The company was incorporated on 24 January 2006 by around 90 Tuscan municipalities together with Italgas SpA, and became operational on 1 March 2007 following the merger into the new entity of two pre-existing regional gas utilities, Fiorentinagas SpA (serving the Florence area) and Toscana Gas SpA (serving the Pisa, Empoli and Pistoia areas).
Toscana Energia’s principal activity is the distribution of natural gas for civil, commercial, industrial, artisanal and agricultural use. It operates as the local gas distribution concessionaire across roughly 100 municipalities in the provinces of Florence, Pisa, Pistoia and Empoli, serving close to 800,000 end customers through a distribution network of approximately 8,000 kilometres and distributing more than one billion cubic metres of gas per year, according to its parent group’s published profile of the company. Its registered office is located in Florence.
Toscana Energia’s own shares are not admitted to trading on any stock exchange. For fiscal year 2025, the company reported revenue of approximately €166.5 million, up 6% on 2024, EBITDA of €130.9 million and a net profit of €49.6 million, up 13.9% year-on-year; these company-level results were approved at the shareholders’ meeting of 31 March 2026, which also authorised a dividend of €0.2213 per share payable from 1 July 2026. For the prior fiscal year, 2024, the company had reported revenue of €157.508 million and net profit of €43.565 million.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of TOSCANA ENERGIA SPA
Toscana Energia’s share capital is held by two categories of shareholder: Italgas SpA, which holds approximately 50.66%, and a group of around 90 Tuscan municipal and other public-sector bodies that were founding participants when the company was incorporated in January 2006, which together hold the remaining approximately 49.26%. These figures were reported in company results covering fiscal year 2024 (approved April 2025) and referenced again at the shareholders’ meeting of 31 March 2026 that approved the fiscal year 2025 accounts, with no change to the Italgas stake noted between the two dates. The largest disclosed public shareholder is Alia Servizi Ambientali SpA, a multi-utility company, which holds a 20.61% stake after receiving the direct shareholding previously held by the Municipality of Florence in December 2022; the individual holdings of the other public shareholders have not been separately identified in the sources reviewed for this profile. All disclosed interests are direct holdings; no share-class distinctions were identified.
Data availability
Shareholder disclosure for TOSCANA ENERGIA SPA is major shareholders only: the split between Italgas SpA and the collective public shareholders is confirmed in company financial reporting, but a complete, itemised list of the roughly 90 individual municipal and public-sector shareholders and their respective percentages was not located in the sources reviewed. No ultimate beneficial owner has been identified for TOSCANA ENERGIA SPA; its controlling corporate shareholder, Italgas SpA, is itself a company listed on Euronext Milan (Borsa Italiana) rather than a natural person.
Sources
- La Nazione — “Italgas: Toscana Energia, utile 43 milioni, dividendo 0,20 euro”, published 11 April 2025 — lanazione.it (retrieved September 2026)
- Toscana Post — “Toscana Energia approva il Bilancio 2025: risultati record e conferma alla presidenza di Fabio Giorgetti”, published 31 March 2026 — toscanapost.net (retrieved September 2026)
- Comune di Firenze — Amministrazione Trasparente, partecipazioni dirette e indirette (Alia Servizi Ambientali SpA / Toscana Energia shareholding transfer, December 2022) — amministrazionetrasparente.comune.firenze.it (retrieved September 2026)
Officers
Directors and officers of TOSCANA ENERGIA SPA
At the shareholders’ meeting of 19 September 2024, TOSCANA ENERGIA SPA’s shareholders elected a new Board of Directors for a three-year term (2024-2027). Fabio Giorgetti was elected President, succeeding Federico Lovadina, who had served three terms; Giulia Pippucci was elected Vice President; and Bruno Burigana continues as Chief Executive Officer (Amministratore Delegato), a role he has held since 29 July 2020. The other directors elected are Gianfranco Amoroso, Mauro Bacci, Nunzio Ferulli, Chiara Ganz, Maria Federica Giuliani, Carlo Iacoviello, Raffaella Marcuccio and Valeria Vignolo. The Board of Statutory Auditors (Collegio Sindacale) is composed of Antonio Nazaro (President), Leo Amato and Paola Simonelli. At the shareholders’ meeting of 31 March 2026, which approved the fiscal year 2025 accounts, Fabio Giorgetti was re-elected President; no other change to the board’s composition was reported in that announcement.
Recent officer changes
- President: Fabio Giorgetti was elected President effective 19 September 2024, succeeding Federico Lovadina. Source: GoNews, 19 September 2024.
- President (re-election): Fabio Giorgetti was re-elected President at the shareholders’ meeting of 31 March 2026. Source: Toscana Post, 31 March 2026.
- Chief Executive Officer: Bruno Burigana was appointed Amministratore Delegato effective 29 July 2020. Source: Confservizi Cispel Toscana, 29 July 2020.
Data availability
Officer information for TOSCANA ENERGIA SPA is partial: company and industry-association announcements disclose the President, Vice President, Chief Executive Officer and the full Board of Directors and Board of Statutory Auditors following the September 2024 renewal, but no primary registry filing (visura camerale) was reviewed for this profile, so appointment dates for the individual directors other than the President and Chief Executive Officer are not independently confirmed, and no resignation dates are available for the directors who did not continue on the board. Nationality and country of residence are not disclosed in any source reviewed for this profile.
Sources
- GoNews — “Fabio Giorgetti nuovo presidente di Toscana Energia”, published 19 September 2024 — gonews.it (retrieved September 2026)
- Toscana Post — “Toscana Energia approva il Bilancio 2025: risultati record e conferma alla presidenza di Fabio Giorgetti”, published 31 March 2026 — toscanapost.net (retrieved September 2026)
- Confservizi Cispel Toscana — “Nominato il nuovo amministratore delegato di Toscana Energia”, published 29 July 2020 — confservizitoscana.it (retrieved September 2026)
Group Structure
Group structure of TOSCANA ENERGIA SPA
TOSCANA ENERGIA SPA is a direct operating subsidiary of ITALGAS SPA (Italy, VAT number IT09540420966), which holds approximately 50.66% of Toscana Energia’s share capital; the remaining approximately 49.26% is held by around 90 Tuscan municipal and public-sector shareholders (see Shareholders). Italgas SpA is itself an independent, publicly traded company listed on Euronext Milan (Borsa Italiana); no further parent above Italgas SpA has been verified for the purposes of this profile. No direct or indirect subsidiaries of TOSCANA ENERGIA SPA itself have been identified in the sources reviewed; it operates as a single regulated gas-distribution business rather than as a holding company for other entities.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| ITALGAS SPA | Italy | IT09540420966 | Immediate and ultimate parent | Approximately 50.66% | Active | 31 March 2026 |
Data availability
Corporate-linkage information for TOSCANA ENERGIA SPA is parent only: the immediate and ultimate parent, Italgas SpA, and its approximate ownership percentage are confirmed through company financial reporting, but no verified subsidiaries of Toscana Energia have been identified, and the individual public-sector co-shareholders are not treated as related group entities in the absence of evidence of common control.
Sources
- La Nazione — “Italgas: Toscana Energia, utile 43 milioni, dividendo 0,20 euro”, published 11 April 2025 — lanazione.it (retrieved September 2026)
- Toscana Post — “Toscana Energia approva il Bilancio 2025: risultati record e conferma alla presidenza di Fabio Giorgetti”, published 31 March 2026 — toscanapost.net (retrieved September 2026)
- Italgas SpA — Group companies, Toscana Energia — italgas.it (retrieved September 2026)
ITALGAS SPA
Italy
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Frequently Asked Questions
What does TOSCANA ENERGIA SPA do?
TOSCANA ENERGIA SPA is an Italian società per azioni that distributes natural gas across roughly 100 municipalities in the Florence, Pisa, Pistoia and Empoli areas of Tuscany, formed by the 24 January 2006 incorporation and 1 March 2007 merger of Fiorentinagas SpA and Toscana Gas SpA.
Who owns TOSCANA ENERGIA SPA?
Italgas SpA holds approximately 50.66% of Toscana Energia's share capital, with the remaining approximately 49.26% held by around 90 Tuscan municipal and public-sector shareholders; the largest disclosed public holder is Alia Servizi Ambientali SpA at 20.61%, which received the Municipality of Florence's direct stake in December 2022.
Who is TOSCANA ENERGIA SPA's UBO (Ultimate Beneficial Owner)?
No natural-person ultimate beneficial owner has been identified for TOSCANA ENERGIA SPA; its controlling corporate shareholder, Italgas SpA, is itself a listed company rather than a natural person.
Is TOSCANA ENERGIA SPA still an active company?
TOSCANA ENERGIA SPA's status is listed as active.
What is TOSCANA ENERGIA SPA's registered address?
The registered address on file for TOSCANA ENERGIA SPA is Pisa, Italy.
What is TOSCANA ENERGIA SPA's revenue?
For fiscal year 2025, Toscana Energia reported company-level revenue of approximately €166.5 million (up 6% year-on-year), EBITDA of €130.9 million and net profit of €49.6 million, approved at the shareholders' meeting of 31 March 2026.
Is TOSCANA ENERGIA SPA listed on a stock exchange?
TOSCANA ENERGIA SPA's own shares are not listed on any stock exchange; its majority corporate shareholder, Italgas SpA, is listed on Euronext Milan (Borsa Italiana).
Who are the officers/directors of TOSCANA ENERGIA SPA?
Following the shareholders' meeting of 19 September 2024, Fabio Giorgetti serves as President (succeeding Federico Lovadina), Giulia Pippucci as Vice President and Bruno Burigana as Chief Executive Officer, a role he has held since 29 July 2020; Giorgetti was re-elected President on 31 March 2026.
Does TOSCANA ENERGIA SPA have a parent company or subsidiaries?
TOSCANA ENERGIA SPA is a direct operating subsidiary of ITALGAS SPA, which holds approximately 50.66% of its share capital; no verified subsidiaries of Toscana Energia itself have been identified.
Can Zavia monitor changes to TOSCANA ENERGIA SPA's ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to TOSCANA ENERGIA SPA's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access TOSCANA ENERGIA SPA's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Italy, so records like TOSCANA ENERGIA SPA's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.