Telecom Italia
€6.41Change from previous close: −2.45%Absolute change: −€0.16
At a glance
- Revenue growth
- +0.88%
- 2025 vs 2024
- Net margin
- 2.1%
- 2024: -4.5%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,703 | 140 | 1,163 | 525 | 604 | 298 | 1,624 | 275 | 227 | 443 | 1,471 | 626 |
| Depreciation and amortization | 744 | 725 | 741 | 724 | 738 | 735 | 740 | 753 | 398 | 1,172 | 817 | 825 |
| Capital expenditure | -497 | -439 | -202 | -383 | -399 | -547 | -356 | -362 | -102 | -1,053 | -555 | -403 |
| Investing cash flow | -429 | -411 | -129 | -420 | -319 | -560 | -306 | 6,024 | -139 | -645 | -987 | -678 |
| Financing cash flow | -2,252 | 216 | -731 | 231 | -1,055 | -419 | -409 | -4,822 | -737 | -1,421 | -850 | 960 |
| Dividends paid | -61.0 | -26.0 | -140 | -48.0 | -50.0 | -35.0 | -30.0 | -43.0 | -47.0 | -39.0 | -25.0 | -162 |
| Share repurchases | -692 | — | — | — | — | — | — | — | — | — | — | — |
| Debt issued | — | 735 | 335 | 2,069 | 241 | — | -2.0 | 18.0 | 1,870 | — | 164 | 2,721 |
| Debt repaid | -1,477 | -503 | -999 | -1,740 | -1,243 | -387 | -216 | -5,084 | -2,543 | -1,383 | -688 | -1,787 |
| Effect of exchange rates | 7.0 | 45.0 | -20.0 | 13.0 | -18.0 | 17.0 | -37.0 | -21.0 | -40.0 | -4.0 | -10.0 | -5.0 |
| Net change in cash | -971 | -10.0 | 283 | 349 | -788 | -664 | 872 | 1,456 | -689 | -1,627 | -376 | 903 |
| Free cash flow | 1,206 | -299 | 961 | 142 | 205 | -249 | 1,268 | -87.0 | 125 | -610 | 916 | 223 |
| Levered free cash flow | 1,208 | -347 | 548 | -600 | 460 | -930 | 930 | 13,031 | -13,521 | -674 | 1,225 | -245 |