Planetel (PLN) H1 2025 earnings summary

Executive summary

• Value of production reached €20.7 million, up 5% year-over-year, with core business turnover at €19.4 million (+5% YoY).

• Strategic investments included corporate integrations, new data center project in Padua, and expansion of cloud platforms.

• Customer base grew to 54,910 (+3.6% YoY), with fibre infrastructure expanding to 3,382 km (+4.8% YoY).

• High customer loyalty reflected in a churn rate of 4.8% and 91% of earnings being recurrent.

Financial highlights

• EBITDA was €4.5 million (22% margin), stable YoY; EBIT at €0.9 million (-24% YoY, 4% margin).

• Net result was €0.3 million, down 48% YoY.

• Net equity stood at €20.8 million, down from €21.6 million at year-end 2024.

• Net financial position was cash negative by €16.8 million, stable from year-end 2024.

• Investments totaled €4.1 million, mainly in FTTH networks and the Padua data center.

Outlook and guidance

• Management expects improved operating efficiency and cost optimization from H2 2025 due to recent investments.

• Revenue growth is forecast to remain strong, supported by customer loyalty and infrastructure expansion.

• New agreements in the wholesale market and expansion into cybersecurity and IT services are expected to drive future value.