Planetel (PLN) H1 2026 earnings summary

Executive summary

• Production value reached €21.650M (+5% YoY); turnover was €20.432M (+5.28% YoY), with 90% recurring revenue and 57,600 active customers (+5% YoY).

• EBITDA was €4.873M (+8% YoY); EBIT reached €1.335M (+53%), and consolidated net income rose 101% to €606K.

• Growth strategy centered on fiber expansion and the Padua Edge Data Center, alongside development of cloud and cybersecurity services.

• Connetical merged into Trivenet, renamed Planetel Nordest; Ora-0 strengthened cybersecurity and IT consulting capabilities.

Financial highlights

• EBITDA margin was 23%; EBIT margin was 6%. Excluding €383K of acquisition-related goodwill amortization, EBIT would have been €1.718M, or 8% of production value.

• EBT was €1.030M versus €621K; net income attributable to the parent was €552K versus €241K in H1 2025.

• Net equity was €21.1M, compared with €21.4M at December 31, 2025; net financial debt was €17.974M, versus €18.031M at year-end.

• Operating cash flow was €6.600M versus €5.024M; cash and cash equivalents rose to €14.101M from €7.248M.

Outlook and guidance

• Padua Edge Data Center is scheduled to open November 18–20, 2026, with positive financial effects expected from FY2027.

• Planned CapEx for 2026–2029 is ~€26M; H2 priorities include infrastructure, cloud, cybersecurity and wholesale opportunities.

• Continued integration of acquired and merged businesses is expected to generate synergies, alongside growth in digital services and new cloud platforms.

• M&A strategy remains focused on telecommunications, cloud infrastructure and cybersecurity.