Tim archive the first semester 2025 with signs of clear recovery: revenues ed Ebitda on the rise, Prevention in sharp reduction and confirmation of guidance for the year. "In light of the performance of the main business segments in the first six months of 2025, the guidance already communicated with the approval of the TIM 2025-2027 Industrial Plan is confirmed," reads the group's official statement. Furthermore, the group announces the return of Piergiorgio Peluso like New cfo starting in October.
Il title Tim closed the Piazza Affari session at 0,41 euros, up 1,74%.
Tim: margins and revenues up in the first half of the year
I revenues Total revenues amount to €6,597 billion, up 2,7% on a like-for-like basis. Of this, €4,547 billion comes from the domestic market: €2,974 billion from the consumer segment and €1,573 billion from the enterprise segment. Revenues from services reaches 6,2 billion (+3,3%), of which 4,2 billion in the domestic market (+2,2%) and 2 billion in Brazil (+5,4%).
The improvement is also reflected in the ARPU (average revenue per user), which for landlines in Italy grew from 29,8 to 31,5 euros per month, while the mobile ARPU remained stable at 10,6 euros.
Marginality also improves: theEbitda Revenue grew 5,5% to €2,1 billion, thanks to a balanced contribution of approximately €1 billion from Italy (+4,6%) and €1 billion from Brazil (+6,5%). EBITDA after lease rose 5% to €1,7 billion, of which €4,2 billion in Italy (+XNUMX%).
In detail of the business unit Italian, Tim Domestic Consumer records stable revenues at 3 billion (+0,1%), with 2,7 billion coming from services (+0,3%). Tim Enterprise confirms itself as a growth engine with revenues of 1,57 billion (+4,7%) and 1,46 billion from services (+6,2%).
Loss reduction and positive cash flow
Il outcome net profit for the semester, although still negative, significantly reduced to 132 million euros compared to the 646 million loss in the first half of 2024. In the second quarter alone, the budget approached break-even, with a loss contained to 8 million, a significant improvement compared to the -124 million in the second quarter of 2024.
Il operating cash flow is positive for 482 million euros, even if down compared to the 1,347 billion of the same period of 2024. Thenet financial debt adjusted “After Lease” at June 30, 2025, is equal to 7,498 billion, an increase of 232 million compared to the end of December 2024.
- investments stand at 0,8 billion, equal to 12,6% of revenues, with a growing balance between EBITDA after lease and capex, which improved by approximately 100 million, reaching 901 million (+11,9%).
Financial transactions and debt restructuring
During the semester Tim completed an ofactoring operation on a credit relating to the return of the 1998 concession fee, raising €995 million from a pool of national banks. Furthermore, in July it obtained a €750 million loan guaranteed by Sace.
Management and important news: Peluso returns
The Board of Directors has taken note of the resignation of Adrian Calaza e Eugene Santagata, respectively Chief Financial Officer and Chief Public Affairs, Security & International Business Officer. Calaza will remain in office until the third-quarter results presentation, scheduled for November 6th, and will provide support until December 31st. Santagata officially leaves on August 31st.
The big return is that of Piergiorgio Peluso, who joined TIM on October 1st as advisor to CEO Pietro Labriola, and then assumed the role of CFO immediately after the presentation of the third quarter results. Furthermore, from June 23rd Leonardo de Carvalho Capdeville He is the new Chief Technology Officer, reporting directly to the CEO and qualified as a key manager.
Tim, what Labriola said about M&A and Poste
Consolidation for the tlc It's no longer a taboo, "it's becoming a reality for everyone. If something happens in Spain and France, it will set the course for everyone in Italy too, where synergies are needed for the consumer." TIM's CEO reiterated this. Peter Labriola, answering analysts' questions but specifies that "consolidation can occur both with M&A we are with the network consolidation“, or rather explains, with “industrial synergies, cost reduction and greater efficiency”. Labriola urges not to look only at possible mergers, “there are many alternatives to the traditional mergers we are working on”.
A merger that analysts are thinking about because it could trigger the earn out negotiated on the occasion of the sale of netco it's the one between fibercop e Open Fiber. “We're waiting and trying to understand what will happen. The ongoing discussions and press leaks lead us to believe that something will happen, as they say, 'it thundered so much it rained so much',” he adds.
Regarding TIM and Poste Italiane, Labriola emphasized, speaking to analysts, that they are "working to finalize a commercial agreement that has nothing to do with their being shareholders." He then added: "To evaluate further synergies, we will first await the antitrust approval. We have some opportunities in mind, but we will provide information later," he added, concluding, "We want to surprise everyone with better results."
