TRIESTE – The shareholders’ meeting of SIOT (Società Italiana per l’Oleodotto Transalpino) has approved the 2025 financial statements: net profit of €2.9 million and strong growth across all main economic and operational indicators.
In an international context marked by persistent geopolitical tensions, from the Russia-Ukraine conflict – SIOT underlines – to instability in the Middle East, the company that manages the Italian section of the Transalpine Pipeline recorded transported volumes of 41.6 million tonnes of crude oil, up 3.9% compared with 2024.
The growth is also reflected on the economic front. Revenues reached €116 million, up 16.8%, while EBITDA stood at €11.4 million and EBIT at €5.5 million. Infrastructure investments in Italy also increased sharply, rising from €45.8 million in 2024 to €70.5 million in 2025.
During 2025, the Trieste Marine Terminal received 422 tankers, with average tonnage per vessel rising from 94,569 to 98,463 tonnes. From here, all the crude oil flows through the 753 kilometres of the pipeline to refineries in Austria, Germany and the Czech Republic, either directly or through connected transport infrastructure.
According to SIOT president and chief executive officer and TAL Group general manager Alessandro Gorla, the results confirm the strategic role of the infrastructure for Central Europe’s energy security. «2025 once again demonstrated the strategic centrality of the Transalpine Pipeline for Central Europe’s energy security», Gorla said, stressing that the system increased transported volumes, accelerated its investment plan and completed several key projects, including TAL Plus. The project made it possible to increase the pipeline’s pumping capacity to 7,500 cubic metres per hour, enabling the Czech Republic to fully cover its oil requirements through the TAL system and strengthening the shift towards supplies from western routes.
Overall, considering TAL’s activities in the three countries crossed by the pipeline, the group recorded unconsolidated revenues of €208.3 million and net profit of €7.9 million.
A significant share of investments was allocated to upgrading the Trieste marine terminal, the entry point of the entire system. The works made it possible to increase the operating capacity of the oil terminal, allowing Suezmax-class tankers to berth at Jetty 1 as well.
SIOT continues to represent the main industrial engine of the TAL Group. With 138 direct employees and an estimated supply chain of more than one thousand workers, in 2025 the Italian company accounted for more than 87% of the group’s total investments, equal to €70.5 million out of the €80.4 million invested overall across Italy, Austria and Germany.
«It is in Trieste that the largest share of employment effects, supply-chain activity and value generated by the entire infrastructure is concentrated», Gorla highlighted.
The outlook for 2026 remains positive. In the first five months of the year, volumes discharged in Trieste recorded an increase of more than 6% compared with the same period in 2025, despite ongoing international tensions and uncertainties linked to the crisis in the Strait of Hormuz.
According to the company, this figure confirms the solidity of crude oil demand in the markets served by the TAL system and the infrastructure’s ability to continue playing a central role in Central Europe’s energy supply.
