Intred (ITD) Q1 2026 earnings summary

Executive summary

• Achieved total revenues of €14.2 million in Q1 2026, up 2.0% year-over-year; core revenues (excluding School Tenders) grew 6.8%.

• Revenue mix shifted toward recurring components, now 93.8% of total, reflecting business model stability.

• Integration of Connecting Italia and disposal of low-margin/non-strategic services nearly complete, focusing on core activities.

• Launched listing process for Euronext Milan market, targeting the STAR segment for SMEs.

Financial highlights

• Ultra Broadband connections revenue reached €6.8 million, up 11.3% year-over-year.

• Professional segment revenue at €8.0 million (+4.0%), Public Administration at €0.8 million (+36.5%), Private at €2.6 million (+5.5%), Wholesale at €1.2 million (+13.3%).

• School Tender revenues totaled €1.5 million (10.3% of total revenues).

• Churn rate remained low at 4.4%, indicating strong customer loyalty.

Outlook and guidance

• Expansion strategy supported by marketing and communication investments, reducing geographic concentration risk.

• Continued focus on recurring revenue growth and high-connectivity services.