Intred (ITD) H2 2025 earnings summary

Executive summary

• Revenue reached €55.8 million for FY2025, up 1.1% year-over-year, with core revenue growing 8.4% and recurring services exceeding 95% of total revenue.

• EBITDA rose 4.1% to €25.5 million, with margin improving to 45.8% from 44.4% in 2024.

• Net profit increased 4.2% to €8.3 million, while EBIT slightly declined to €12.4 million due to higher depreciation.

• Proprietary fibre network expanded by 9.9% to approximately 15,000 km, supported by €21.2 million in capital expenditure.

• Transitioned to IAS/IFRS accounting standards and initiated uplisting process to Euronext Milan.

Financial highlights

• Revenue from sales: €55.8 million (+1.1% YoY); core revenue: €47.4 million (+8.4% YoY).

• EBITDA: €25.5 million (+4.1% YoY); EBITDA margin: 45.8%.

• EBIT: €12.4 million (-1.4% YoY); EBIT margin: 22.3%.

• Net profit: €8.3 million (+4.2% YoY).

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

Outlook and guidance

• Positive growth trend confirmed in early 2026, driven by higher sales and customer base expansion.

• Continued investment in proprietary network and data centre project, with no expected material impact on revenue or profitability targets.

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