Italy · Delayed Price · Currency is EUR Tinexta Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw stable revenues and strong free cash flow, but margins declined due to higher costs and weak Cybersecurity and French markets. Guidance for modest revenue and EBITDA growth is confirmed, with cost controls in place.
Fiscal Year 2025
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Revenue grew 4% to EUR 457 million, but adjusted EBITDA and net profit declined due to impairments and regulatory headwinds. Strong cash flow reduced net debt, while outlook for 2026 targets moderate revenue and margin growth, with continued cost discipline.
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Revenue rose 13% and adjusted EBITDA 12% year-over-year, with strong free cash flow and improved leverage. Guidance was revised slightly downward due to regulatory changes and ABF challenges, but core segments remain solid.
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Revenue grew 16% and adjusted EBITDA rose 13% year-over-year, with strong cash flow and improved leverage. Cybersecurity and digital trust segments outperformed, while business innovation lagged but is expected to recover in H2. Full-year guidance for revenue and EBITDA growth is confirmed.
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Q1 2025 saw 17% revenue and 24% adjusted EBITDA growth, with strong cash flow and improved leverage. Cybersecurity and business innovation units led performance, while digital trust was impacted by timing effects. 2025 guidance is confirmed, with continued focus on integration and operational efficiency.
Fiscal Year 2024
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2024 saw 15% revenue growth and 8% adjusted EBITDA growth, but guidance was missed due to external shocks in France and regulatory delays. 2025 guidance targets 12–14% revenue growth and 15–17% EBITDA growth, with a focus on integration, efficiency, and leveraging Industry 5.0 incentives.
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Nine-month 2024 revenues grew 13% year-over-year, led by strong Digital Trust performance, while Cybersecurity and Business Innovation faced external headwinds. Updated guidance reflects market challenges, with a share buyback program and successful Defence Tech acquisition supporting future growth.
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Revenue grew 11% year-over-year to €203 million, but adjusted EBITDA fell 9% due to ABF and mix effects. Digital Trust showed strong growth, while Business Innovation and Cybersecurity expect a stronger H2. FY 2024 guidance was updated, with core business growth intact and ABF's outlook reduced.
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A call option was exercised to acquire a majority stake in Defense Tech for €67 million, expanding reach in Italian cybersecurity and public administration. The deal is accretive, with expected synergies and a projected 12% revenue CAGR for Defense Tech.