Tamburi Investment Partners (TIP) Q1 2025 earnings summary

Executive summary

• Consolidated net profit (pro forma) for Q1 2025 was €6.6 million, mainly from positive results of investees and a minor capital gain.

• Consolidated net equity exceeded €1.4 billion as of March 31, 2025.

• Diversification and growth in several investees offset sector seasonality and slowdowns.

Financial highlights

• Total revenues for Q1 2025 were €270,375, down from €390,931 in Q1 2024.

• Operating loss (pro forma) was €4.2 million, improved from a €7.5 million loss in Q1 2024.

• Financial income (pro forma) reached €5.7 million, with €2.2 million from dividends.

• Share of profit from associates was €10.5 million, mainly from OVS, Interpump, Sesa, and others.

• Net financial position was negative €430.7 million, stable versus year-end 2024.

Outlook and guidance

• Management emphasizes patience amid low M&A liquidity and depressed mid-cap valuations.

• Focus remains on stimulating synergistic add-ons for investees and selective investments.

• Opportunities are expected to arise from the current market environment, seen more as potential than risk.