In the second quarter Tim returns to profit and overall in the six months revenues and margins growThese are the accounts approved by the board of directors for the first half of the year. Group revenues up 2% to 6,8 billion, group EBITDA after lease up 1,2% to €1,8 billion and equity free cash flow after lease of €0,7 billion.
The net result for the second quarter was positive for 88 million euro, compared to loss of 8 million euros recorded in the second quarter of 2025 and a loss of 292 million euros in the first quarter of 2026, which included non-recurring charges related to personnel costs and provisions for 210 million euros. In the six months the "red" remains, for 204 million euros.
Tim, the semester data
In the first half of 2026, Tim invested 0,9 billion euros, equal to 12,6% of revenues (10,6% in the domestic perimeter, 16,6% in Brazil). Adjusted net financial debt after the lease is substantially stable at under €7,3 billion, with financial leverage (i.e. the ratio to EBITDA) equal to 1,94 times.
“In light of the performance of the main business segments in the first six months of 2026 – concludes the board of directors in a note – 2026 budget and guidance update confirmed approved by the board of directors on February 24, confirming the growth trends forecast in the objectives already presented to the market for the financial year". The closing of the transaction is expected within the third quarter, following regulatory authorizations in the United States. sale of Sparkle to Boost BidCo, a vehicle controlled by the Ministry of Economy and Finance and owned by Retelit.
Tim, what did Labriola say?
In the second quarter, Tim recorded "a clear acceleration in profitability and the return to growth in domestic activities, progressively overcoming the temporary effects that had characterized the beginning of the financial year." The CEO Peter Labriola is satisfied with the results which, he states, "confirm the solidity of the path undertaken, which in these five years has profoundly transformed TIM". The company "continues to strengthen its role as a point of reference for the digital transformation of the country and Tim Brasil continues its growth pathOn this basis, we confirm all the objectives indicated to the market."
And then the launch of the takeover bid that will lead the telecommunications group to integrate with Poste Italiane, “the destination doesn’t change – underlines Labriola – what changes is the speed with which we can reach it”.
The business unit Domestic In the second quarter, it recorded revenues up 2,7% to €3,5 billion and an EBIT of €578 million (+1,8%). Returning to the six months, TIM Consumer, which includes the range of voice and internet services and products, recorded total revenues of €2,9 billion (-2,7%), reflecting "the contraction in MVNO activities, linked to the gradual turnover of large wholesale customers between 2025 and 2026"; Tim Enterprise recorded total revenues of 1,7 billion (+5,6%) and finally Tim Brazil recorded total revenues of 2,3 billion (+6%).
