Intred (ITD) H1 2025 earnings summary

Executive summary

• Revenue reached €27.8 million for H1 2025, up 7.2% year-over-year, with organic growth of 7.8%.

• EBITDA rose 9.1% to €12.5 million, achieving a record margin of 44.9%.

• Net profit was €3.6 million, stable compared to €3.5 million in H1 2024, reflecting higher amortization and financial expenses.

• Investments totaled €12.2 million, mainly for proprietary network expansion, which grew 9.9% to over 14,250 km.

• Customer base expanded, with data line users exceeding 56,500, up 11.4% year-over-year.

Financial highlights

• Value of production was €27.9 million.

• EBIT increased to €6.0 million (21.6% margin) from €5.8 million (22.2% margin) in H1 2024.

• Net financial debt rose to €37.4 million from €32.9 million at end-2024, due to network investments.

• Cash position at €7.0 million, down from €10.3 million at end-2024.

• Equity increased 3.2% to €61.6 million.

Outlook and guidance

• Strong revenue growth expected in H2 2025, driven by ultra-broadband services and ongoing network investments.

• Recurring revenue and client growth provide confidence in achieving further positive results.