INTRED S.p.A.: revenue at 56 million in 2025.

Press Release

CORE REVENUE +8.4% YoY, WITH OVER 95% RECURRING, CONFIRMING THE SOLIDITY OF THE BUSINESS MODEL

THE PROPRIETARY FIBRE NETWORK EXTENDS TO APPROXIMATELY 15,000 KM

UPLISTING ON EURONEXT MILAN LAUNCHED AND ADOPTION OF IAS/IFRS APPROVED

ESG COMMITTEE SET UP TO REINFORCE SUSTAINABILITY GOVERNANCE

In full year 2025, Intred recorded total revenue of more than € 55.8 million versus € 55.2

million recorded in 2024 (+1.1%).

Revenue dynamics reflect an evolution of the mix, consistent with the strengthening of recurring components. Specifically, the gradual termination of activations related to the School Tenders - which in prior years had generated one-time revenue - resulted in a normal reduction of these components, against an increase in the recurring revenue base.

Likewise, the integration of Connecting Italia was accompanied by a review of the operating scope, with the gradual divestment of low-margin or non-strategic services, for the benefit of a stronger focus on core activities and more sustainable revenue streams over time.

Net of these effects, Intred's core revenue amounted to € 47.4 million, up 8.4% YoY, driven by further development of the retail component and expansion of the customer base. Of these, more than 95.6% derive from recurring fee services, representing the Company's core business.

This performance confirms Intred's ability to generate organic growth through recurring and highly visible revenue.

extended to approximately 15,000 km, represents a fundamental strategic asset to guarantee service excellence and a widespread presence across Lombardy, the heart of our identity and success. Expansion in the provinces of Brescia, Milan, Bergamo, Como and Cremona enables us to grow while maintaining strong ties with the local areas and customers, offering cutting-edge solutions. In parallel, the uplisting path on Euronext Milan and the strengthening of governance through the ESG Committee demonstrate our commitment to grow responsibly, transparently, and with openness toward the domestic and international financial community. We look to 2026 with the determination of those with a solid foundation and the clear vision of those who aim to innovate and create lasting value for all our stakeholders".

The growth in core revenue was supported mainly by the positive performance of Ultra Broadband connections, up 11%, and by the development of Voice and Data services, which increased by 6.8% versus 31 December 2024.

Datacenter services, delivered through the Company's existing and proprietary infrastructure, recorded significant YoY growth (+42.4%) to € 1.9 million, reflecting progressively strengthening customer demand for dedicated infrastructure solutions.

From a geographical perspective, the main growth dynamics continued to be concentrated in the provinces of Brescia, Milan, Bergamo, Como and Cremona, confirming Intred's established local positioning.

Commercial activity remained positive across Lombardy, supported by the expansion of the customer base, particularly within the local Public Administration segment and among professionals.

The proprietary fibre infrastructure, now capable of reaching all Lombardy municipalities with at least one educational institution, guarantees widespread regional coverage and represents a distinctive element supporting future growth.

The network further expanded from more than 13,500 km at end 2024 to approximately 15,000 km at 31 December 2025.

Analyzing core sales by customer type, overall growth was supported mainly by the Professional segment, which delivered the largest absolute contribution, recording a 6.1% increase versus 2024.

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The Board of Directors also resolved to adopt IAS/IFRS starting from the preparation of the Company's financial statements at 31 December 2025. At the same time, the Company launched the process aimed at listing on the regulated market Euronext Milan and, if the relevant conditions are met, on the Euronext STAR Milan segment, dedicated to SMEs with high standards of excellence, with the goal of completing the process by 2026.

The transition to the regulated market represents a further step in Intred's evolutionary path and is intended to support the Company's development prospects by increasing visibility within the domestic and international financial community and encouraging broader participation by Italian and foreign institutional investors, with potential benefits in terms of share liquidity.

The uplisting also serves to strengthen the Company's positioning and relationships with strategic partners, in line with the evolution of the business model and the growth path pursued in recent years.

***

Intred's Board of Directors, in confirming and consolidating its commitment to sustainability, formalized the establishment of an ESG Committee integrating cross-functional expertise within the organization to steer and coordinate environmental, social and governance initiatives. The Committee, coordinated by Anna Peli, involves key figures within the Company, reflecting the central role of these topics across all corporate functions.

This important milestone follows the start of the sustainability path, which began with the publication of the first Sustainability Report in 2022 and continued through its annual updates, as well as the implementation of numerous initiatives aimed at strengthening ethical responsibility, transparency and sustainable value creation over the medium to long term. The formalization of the ESG Committee represents a further reinforcement of sustainability governance, a key element in supporting growth and meeting the expectations of the financial community and stakeholders.

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Intred

A leading telecoms player in Lombardy, Intred was founded in 1996 by Daniele Peli, the company's current Chairman and CEO, and has been listed since 2018 on the EGM (formerly AIM Italia) market of Borsa Italiana (symbol: ITD.MI). With a proprietary fibre network of almost 15,000 kilometers, Intred offers broadband and ultra-broadband connectivity, fixed wireless access, fixed telephony, cloud services, and related ancillary services to Professional, Public Administration, and Residential customers. Direct infrastructure management ensures efficiency, profitability, service quality, and a guaranteed high level of performance. With solid assets and a well-established and highly scalable business model - generating over € 55.8 million in revenue at 31 December 2025 -Intred positions itself as the ideal infrastructure technology partner, delivering a complete portfolio of reliable, high-quality, and secure solutions. https://www.intred.it

+39 02 584081 Simone Rivera

intred@bancaprofilo.it Tel. +39 366 8780742 simone.rivera@cdr-communciation.it

+39 02 77115200 Tel. +39 335 6909547

Galleria de Cristoforis 7/8, 20122, Milano vincenza.colucci@cdr-communciation.it

Filippo Leone

Tel. +39 391 4143050

ir@intred.it

Carlotta Bianchi

Tel. +39 3249042426

carlotta.bianchi@cdr-communication.it

Kety Franco

Tel. +39 3931976142

Kety.franco@cdr-communication.it