Tinexta S.p.A. (0RIW) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon to all of you that joined Tinexta's first half financial results presentation. Here with me today, the group financial officer, Oddone Potsi. Good afternoon, everybody. As usual, I will go over some highlights and updates. Obdeno then will deep dive into 1H results as well as the business units dynamics and updates, and then we will be closing with some closing remarks. The last part of the call will be dedicated to Q and A. And as a reminder, all the recording and the necessary documentation, as the press release as well as the presentations, are already available on the company website. So let's turn to Page five so we can go over some of the key group financial data. Revenues came in at $214,000,000 pretty much in line with previous year. EBITDA adjusted was 34,000,000 with a small decline of 3% versus the prior year. EBITDA on a reported basis was EUR 28,000,000. Net profit on an adjusted basis was EUR 2,000,000. And the net financial position was EUR $343,000,000 versus the EUR $240,000,000 of the fiscal year 2025. Very strong came in in terms of cash flow results, million, plus EUR39 million versus the prior year. And even an LTM number, which we'll discuss later, was very, very strong. Let's please turn to Page six of the presentation so we can go over some of the key highlights. Revenues, as we said, are $14,000,000 pretty much flat versus the prior year, reflecting growth both in Digital Trust, which grew 3.8%, and Business Innovation business units, growing 2.9%, which were offset, unfortunately, by Tinexta Siber's performance, which declined by 17%. EBITDA adjusted was EUR 33,000,000, dragged down by a significant decrease both in the cybersecurity and business innovation business lines despite a double digit growth instead in the Digital Tr...