Intred (ITD) H1 2026 earnings summary

Executive summary

• Revenues for H1 2026 reached €29.3 million, up 5.6% year-over-year, driven by fiber-optic connections and recurring service fees.

• Adjusted EBITDA rose 6.3% to €13.5 million, with a margin of 46.2%; EBIT remained stable at €6.4 million.

• Net profit was €4.0 million, slightly down from €4.1 million due to higher depreciation.

• Investments totaled €7.6 million, mainly for fiber-optic infrastructure and technology upgrades.

• A new strategic plan through 2029 was approved, focusing on growth, cash generation, and operational efficiency.

Financial highlights

• Revenue: €29.3 million (+5.6% YoY); recurring-fee services accounted for 92% of total revenue.

• Adjusted EBITDA: €13.5 million (+6.3% YoY, margin 46.2%).

• EBIT: €6.4 million (margin 21.8%), unchanged YoY.

• Net profit: €4.0 million (-1.8% YoY).

• Net financial debt: €44.1 million, up from €42.1 million at year-end 2025.

Outlook and guidance

• Strategic Plan targets 2029 revenues of €72–78 million and EBITDA of €36–39 million, with margin above 49%.

• Cumulative investments of ~€45 million planned for 2026–2029.

• Net financial debt expected to fall below €4 million by 2029, with no new debt issuance planned.

• Focus on organic growth, cost optimization, and strengthening regional presence.