Telecom Italia Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	13,734	14,442	14,311	15,788	15,316
Other Revenue	-	42	-	-	-
Revenue	13,734	14,484	14,311	15,788	15,316
Revenue Growth (YoY)	-5.18%	1.21%	-9.35%	3.08%	-3.09%
Cost of Revenue	9,084	8,753	8,194	8,177	7,774
Gross Profit	4,650	5,731	6,117	7,611	7,542
Selling, General & Admin	-	325	317	1,033	815
Other Operating Expenses	562	562	590	686	649
Operating Expenses	3,500	4,076	4,199	6,496	5,954
Operating Income	1,150	1,655	1,918	1,115	1,588
Interest Expense	-1,825	-1,353	-1,558	-1,321	-1,185
Interest & Investment Income	967	305	337	354	229
Earnings From Equity Investments	-23	-20	-29	23	38
Currency Exchange Gain (Loss)	-	22	-3	23	39
Other Non Operating Income (Expenses)	265	-66	2	-125	34
EBT Excluding Unusual Items	534	543	667	69	743
Impairment of Goodwill	-	-	-	-	-4,120
Gain (Loss) on Sale of Assets	5	-77	-11	36	1
Asset Writedown	-69	-14	-	-	-
Other Unusual Items	237	-195	-694	-693	-1,139
Pretax Income	707	257	-38	-588	-4,515
Income Tax Expense	112	174	56	2,066	3,885
Earnings From Continuing Operations	595	83	-94	-2,654	-8,400
Earnings From Discontinued Operations	-76	-447	-1,013	-	-
Net Income to Company	519	-364	-1,107	-2,654	-8,400
Minority Interest in Earnings	-222	-246	-334	-271	-252
Net Income	297	-610	-1,441	-2,925	-8,652
Net Income to Common	297	-610	-1,441	-2,925	-8,652
Shares Outstanding (Basic)	-	21,259	21,250	21,241	21,205
Shares Outstanding (Diluted)	-	21,259	21,250	21,241	21,205
Shares Change (YoY)	-	0.04%	0.04%	0.17%	-4.32%
EPS (Basic)	-	-0.03	-0.07	-0.14	-0.41
EPS (Diluted)	-	-0.03	-0.07	-0.14	-0.41
Free Cash Flow	1,057	625	1,046	-1,410	323
Free Cash Flow Per Share	-	0.03	0.05	-0.07	0.01
Gross Margin	33.86%	39.57%	42.74%	48.21%	49.24%
Operating Margin	8.37%	11.43%	13.40%	7.06%	10.37%
Profit Margin	2.16%	-4.21%	-10.07%	-18.53%	-56.49%
Free Cash Flow Margin	7.70%	4.32%	7.31%	-8.93%	2.11%
EBITDA	4,088	4,268	4,571	4,980	5,383
EBITDA Margin	29.77%	29.47%	31.94%	31.54%	35.15%
D&A For EBITDA	2,938	2,613	2,653	3,865	3,795
EBIT	1,150	1,655	1,918	1,115	1,588
EBIT Margin	8.37%	11.43%	13.40%	7.06%	10.37%
Effective Tax Rate	15.84%	67.70%	-	-	-
Revenue as Reported	14,988	14,675	14,452	16,001	15,588
Advertising Expenses	-	234	233	235	212

Source: S&P Global Market Intelligence. Standard template. Financial Sources.