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Tamburi Investment Partners (TIP) investor relations material
Tamburi Investment Partners Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Pro forma consolidated net profit for Q1 2026 reached €23.5 million, about four times higher than Q1 2025, with consolidated equity at €1.41 billion as of March 31, 2026.
Associated companies contributed €21.2 million to net profit, notably from Alpitour, Beta, Chiorino, Limonta, Interpump, OVS, and SeSa.
Advisory revenues grew to €0.9 million, showing strong year-over-year growth.
Financial highlights
Pro forma profit for Q1 2026: €23.5 million vs. €6.6 million in Q1 2025.
IFRS net loss for Q1 2026: €12.3 million, due to exclusion of €36.1 million capital gains on equity investments.
Revenues from advisory activities: €0.9 million, sharply up year-over-year.
Personnel expenses increased to €6.3 million, reflecting variable remuneration linked to stock performance.
Net financial position at March 31, 2026: negative €526.9 million, worsened from €495.1 million at year-end 2025, mainly due to treasury share purchases and investments.
Outlook and guidance
Despite global geopolitical uncertainty, most investee companies are outperforming last year.
Management expects continued opportunities for sector consolidation and synergistic investments.
The environment is seen as attractive for those with investment capacity and strategy.
- H1 2024 net profit reached €34 million, with investees showing resilience and growth.TIP
Q2 20244 Jun 2026 - Net profit dropped to €44M as capital gains fell, but investees performed strongly and leverage was stable.TIP
Q3 20244 Jun 2026 - Q1 2025 pro forma net profit was €6.6M, with equity above €1.4B and stable financials.TIP
Q1 20254 Jun 2026 - Net profit up 50% to €65.9M, equity at €1.51B, with investments and higher dividend planned.TIP
Q3 20254 Jun 2026 - 223% total return in 10 years, strong M&A, and significant value in private assets.TIP
Investor presentation13 Apr 2026 - 223% 10-year total return, strong sector growth, and robust ESG focus drive future value.TIP
Corporate presentation23 Mar 2026 - Pro forma profit up 47% to €95M, equity at €1.51B, and dividend up 62.5%.TIP
Q4 202517 Mar 2026 - Net profit up 38% to €47M in H1 2025, driven by Alpitour gains and investee growth.TIP
Q2 202517 Sep 2025 - 2024 profit dropped on lower capital gains, but equity and investee growth remained strong.TIP
Q4 20245 Jun 2025
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Next Tamburi Investment Partners earnings date
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