Intred (ITD) H2 2025 earnings summary

Executive summary

• Approved annual financial statements for FY2025, first under IAS/IFRS standards, reflecting strategic alignment for uplisting to Euronext Milan.

• Organic revenue growth of 8.4% driven by recurring services, now over 95% of total revenue.

• EBITDA margin reached 45.8%, up from 44.4% in 2024, highlighting improved profitability.

• Continued expansion of proprietary fiber network to 15,000 km, with €21.2 million invested.

• Proposed ordinary dividend of €0.12 per share, payable in two tranches.

Financial highlights

• Revenue: €55.8 million, up 1.1% year-over-year; recurring revenue at €47.4 million, up 8.4%.

• EBITDA: €25.5 million (+4.1% YoY); EBIT: €12.4 million (−1.4% YoY); Net income: €8.3 million (+4.2% YoY).

• Net financial debt: €42.1 million (vs. €35.7 million in 2024), reflecting investments and IFRS 16 effects.

• Equity: €67.8 million, up 11.1% from €61.1 million in 2024.

• Cash flow from operations: €17.3 million; cash at year-end: €4.9 million.

Outlook and guidance

• Positive growth trend confirmed in early 2026, supported by expanding customer base and network investments.

• No significant impact expected from new data center project on 2026 revenue or profitability.

• Industrial plan to be updated to reflect strategic initiatives and uplisting.