Telecom Italia Reports Strong Q1 Earnings, Reaffirms Full-Year Outlook

Telecom Italia S.p.A. reported a 5.5% YoY increase in 1H group EBITDA to €2.1 billion, driven by a 4.6% rise in domestic EBITDA to €1.0 billion and a 6.5% increase in Brazil EBITDA to €1.0 billion. Group total revenues reached €6.6 billion, up 1.1% YoY. The company reaffirmed its FY outlook.

Telecom Italia S.p.A. (TIM) has reported a robust first half of 2025, with a 5.5% year-on-year (YoY) increase in group EBITDA to €2.1 billion. The company's domestic EBITDA rose by 4.6% to €1.0 billion, while its Brazilian operations contributed €1.0 billion, up 6.5% YoY [2]. Group total revenues reached €6.6 billion, up 1.1% YoY [3].

The company's Brazilian business continues to be a significant driver of growth, contributing €0.8 billion to the EBITDA, up 6.1% from the previous year. Meanwhile, domestic EBITDA after leases climbed 4.2% to €1.0 billion, supported by higher service revenues and cloud growth [3]. The company's Chief Financial Officer, Adrian Calaza, was replaced by Piergiorgio Peluso, who previously held the same role at Autostrade per l’Italia [1].

TIM's performance aligns with its full-year financial targets, including a ~7% rise in core profit and a return to cash generation. The company's resilience in the face of stiff price competition in Italy underscores its strategic positioning in the long-awaited consolidation of Italy's telecoms sector [1].

References:
[1] https://www.reuters.com/markets/europe/telecom-italia-posts-5-rise-h1-core-earnings-2025-08-05/
[2] https://seekingalpha.com/news/4479847-telecom-italia-spa-reports-1h-results-reaffirms-fy-outlook
[3] https://www.investing.com/news/earnings/telecom-italia-revenues-rise-27-in-h1-boosted-by-growth-in-brazil-4170819