INTRED S.P.A.: REVENUE AT €27.8 MILLION IN FIRST HALF 2025
SOLID ORGANIC GROWTH OF 7.8% AND RECURRING REVENUE AT 92% CONFIRM SOUNDNESS OF INDUSTRIAL STRATEGY
Brescia, 1 August 2025 - The Board of Directors of Intred S.p.A. ("Intred" or the "Company"), a telecommunications company listed since July 2018 on the Euronext Growth Milan market of Borsa Italiana (symbol: ITD.MI), met today and reviewed the main KPIs at 30 June 2025, unaudited.In first half 2025, Intred recorded revenue of over € 27.8 million, reflecting solid organic growth of 7.8%. Compared to the prior six months, total revenue was basically steady (+0.9%), mainly due to two factors: (i) the gradual reduction of one-off revenue from school tenders, initiated in prior years and now nearing completion, which will mainly convert into recurring revenue in 2025; (ii) the impact of the new management strategy adopted for Connecting, which in first half 2024 was still managed by the previous shareholder base, progressively reducing or divesting non-strategic or unprofitable services to improve efficiency and margins. Organic revenue growth of 7.8% YoY confirms the strength of the business model and the ongoing expansion of the customer base.
In the words of Daniele Peli, Co-Founder and CEO of Intred S.p.A.: "In first half 2025, we recorded solid organic growth of 7.8% YoY, driven by growing demand for Ultra Broadband services and supported by our proprietary infrastructure. The high proportion of recurring revenue - over 92% of the total - confirms the sustainability of our business model and the market's confidence in our services. We continue to invest in network expansion with the aim of strengthening our leadership in Lombardy and seizing new growth opportunities."
Organic growth was primarily driven by Ultra Broadband connection sales, which totaled Euro 16.2 million, and Voice and Data services, which reached Euro 5.0 million. Revenue from recurring services - the Company's core business - amounted to Euro 25.6 million, representing 92.2% of the total and recording YoY growth of 7.9%.
Geographically, the most significant growth occurred in the provinces of Brescia, Bergamo, Monza, Como and Cremona. Through the School Tenders, Intred continues to actively support sales growth across all provinces of Lombardy, focusing on the local PA and Professional sectors. The proprietary fibre infrastructure, now reaching every Lombardy municipality with at least one school, ensures broad regional coverage. The network grew from almost 13,000 km at the end of first half 2024 to over 14,250 km at 30 June 2025.
performance, with revenue of Euro 2.2 million, up 7.8% versus first half 2024.
The Private segment also delivered solid results, increasing by 5.9% to Euro 5.0 million, while the Professional segment maintained its strength, with revenue of Euro 15.6 million (organic growth +6.8%).
Organic turnover in the PA shows significant growth of 33.1% versus first half 2024. This result confirms the strong momentum resulting from the school tenders, which fostered the development of sales of recurring and structural services offered by the Company for the sector.
Lastly, the churn rate on sales remained extremely low at 4.4%, indicating strong customer loyalty to Intred.
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This press release is online at https://www.1info.it and on the Issuer's website https://www.intred.it (Investitori / Comunicati Stampa Price Sensitive section).
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 exceeding 14,250 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 € 27.8 million in revenue at 30 June 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
Euronext Growth Advisor Investor Relations Advisor Banca Profilo S.p.A. CDR Communication+39 02 584081 Simone Rivera
intred@bancaprofilo.it Tel. +39 366 8780742 simone.rivera@cdr-communciation.it
Specialist Integrae SIM S.p.A. Vincenza Colucci+39 02 87208720 Tel. +39 335 6909547
info@integraesim.it vincenza.colucci@cdr-communciation.it
Investor Relations Intred CFO & Investor Relations OfficerFilippo Leone
Tel. +39 391 4143050
ir@intred.it
Media Relations CDR CommunicationCarlotta Bianchi
Tel. +39 3249042426
carlotta.bianchi@cdr-communication.it
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