Infrastrutture Wireless Italiane S.p.A. (BIT:INW)

BIT:INW Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,077	1,036	960.29	852.99	785.15
Revenue Growth (YoY)	3.97%	7.89%	12.58%	8.64%	18.35%
Cost of Revenue	19.9	75.89	63.66	61.25	61.94
Gross Profit	1,057	960.15	896.63	791.74	723.21
Other Operating Expenses	72.8	11.56	15.54	5.98	1.03
Operating Expenses	479	399.35	386.05	369.7	361.16
Operating Income	578.3	560.8	510.57	422.04	362.05
Interest Expense	-140.6	-81.5	-63.55	-34.43	-34.53
Interest & Investment Income	-	0.49	0.45	-	0.01
Other Non Operating Income (Expenses)	-	-53.62	-49.85	-46.8	-55.56
EBT Excluding Unusual Items	437.7	426.18	397.63	340.82	271.96
Merger & Restructuring Charges	-	-	-	-3.66	-0.67
Legal Settlements	-	-1.87	-1.84	-0.41	-0.74
Other Unusual Items	-	-	-	-2.51	-5.89
Pretax Income	437.7	424.32	395.79	334.25	264.67
Income Tax Expense	76.9	70.49	56.3	40.91	73.27
Earnings From Continuing Operations	360.8	353.82	339.5	293.34	191.4
Minority Interest in Earnings	0.7	0.12	-	-	-
Net Income	361.5	353.94	339.5	293.34	191.4
Net Income to Common	361.5	353.94	339.5	293.34	191.4
Net Income Growth	2.14%	4.25%	15.73%	53.26%	22.17%
Shares Outstanding (Basic)	904	938	956	960	960
Shares Outstanding (Diluted)	904	938	956	960	960
Shares Change (YoY)	-3.63%	-1.92%	-0.41%	-0.02%	10.19%
EPS (Basic)	0.40	0.38	0.36	0.31	0.20
EPS (Diluted)	0.40	0.38	0.36	0.31	0.20
EPS Growth	5.99%	6.30%	16.21%	53.30%	10.87%
Free Cash Flow	-	469	511.73	431.95	49.44
Free Cash Flow Per Share	-	0.50	0.54	0.45	0.05
Dividend Per Share	0.554	0.520	0.478	0.347	0.323
Dividend Growth	6.60%	8.70%	37.99%	7.50%	7.50%
Gross Margin	98.15%	92.67%	93.37%	92.82%	92.11%
Operating Margin	53.69%	54.13%	53.17%	49.48%	46.11%
Profit Margin	33.56%	34.16%	35.35%	34.39%	24.38%
Free Cash Flow Margin	-	45.27%	53.29%	50.64%	6.30%
EBITDA	770.87	748.35	691.14	603.06	538.44
EBITDA Margin	71.56%	72.23%	71.97%	70.70%	68.58%
D&A For EBITDA	192.57	187.54	180.57	181.02	176.4
EBIT	578.3	560.8	510.57	422.04	362.05
EBIT Margin	53.69%	54.13%	53.17%	49.48%	46.11%
Effective Tax Rate	17.57%	16.61%	14.22%	12.24%	27.68%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.