Cash flow Inwit S.p.A.

Stocks

INW

IT0005090300

Integrated Telecommunications Services

Market Closed - Borsa Italiana Other stock markets 16:45:00 09/06/2026 BST			After hours 18:48:40
6.640 ^EUR	-0.97%		6.648	+0.12%

06-08	Futures slide; MPS takes center stage	AN
06-05	European markets open mixed; MIB dragged down by STM	AN

1707213b5d0.Cn-t5iRvmHe47NqgFivhCRt-vKygWnjixPWmRghGiN8.QyfdhGYLq0GLj5z_IGK4bl4J-9vhY0mKqJj3dVcv_4dePfuHUAr7PuK-lw

Published financial data: INWIT S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	785M	853M	960M	1.04B	1.08B
Total Revenues	785M	853M	960M	1.04B	1.08B
Cost of Goods Sold, Total	61.94M	61.25M	63.66M	66.49M	75.83M
Gross Profit	723M	792M	897M	970M	1B
Selling General & Admin Expenses, Total	-	-	-	9.4M	1.9M
Depreciation & Amortization - (IS)	360M	364M	371M	388M	406M
Other Operating Expenses	1.03M	5.98M	11.72M	11.56M	14.54M
Other Operating Expenses, Total	361M	370M	382M	409M	423M
Operating Income	362M	422M	514M	561M	579M
Interest Expense, Total	-73.61M	-34.43M	-63.55M	-81.5M	-73.29M
Interest And Investment Income	8.37K	129	454K	491K	2.24M
Net Interest Expenses	-73.6M	-34.43M	-63.09M	-81.01M	-71.06M
Other Non Operating Income (Expenses)	-16.48M	-46.8M	-49.85M	-53.62M	-69.52M
EBT, Excl. Unusual Items	272M	341M	401M	426M	438M
Restructuring Charges	-670K	-3.66M	-	-	-
Merger & Related Restructuring Charges	-2.53M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-738K	-407K	-1.84M	-1.87M	-451K
Other Unusual Items	-3.35M	-2.51M	-3.82M	-	-
EBT, Incl. Unusual Items	265M	334M	396M	424M	438M
Income Tax Expense	73.27M	40.91M	56.3M	70.49M	76.85M
Earnings From Continuing Operations	191M	293M	339M	354M	361M
Net Income to Company	191M	293M	339M	354M	361M
Minority Interest	-	-	-	116K	698K
Net Income - (IS)	191M	293M	339M	354M	362M
Net Income to Common Incl Extra Items	191M	293M	339M	354M	362M
Net Income to Common Excl. Extra Items	191M	293M	339M	354M	362M
Per Share Items
Net EPS - Basic	0.2	0.31	0.36	0.38	0.39
Basic EPS - Continuing Operations	0.2	0.31	0.36	0.38	0.39
Basic Weighted Average Shares Outstanding	960M	960M	956M	938M	918M
Net EPS - Diluted	0.2	0.31	0.36	0.38	0.39
Diluted EPS - Continuing Operations	0.2	0.31	0.36	0.38	0.39
Diluted Weighted Average Shares Outstanding	960M	960M	956M	938M	918M
Normalized Basic EPS	0.18	0.22	0.26	0.28	0.3
Normalized Diluted EPS	0.18	0.22	0.26	0.28	0.3
Dividend Per Share	0.32	0.35	0.48	0.52	0.55
Payout Ratio	149.84	104.83	99.02	127.76	186.62
Supplemental Items
EBITDA	538M	603M	695M	748M	773M
EBITA	467M	530M	626M	674M	694M
EBIT	362M	422M	514M	561M	579M
EBITDAR	545M	605M	699M	758M	775M
Effective Tax Rate - (Ratio)	27.68	12.24	14.22	16.61	17.56
Current Domestic Taxes	108M	12.37M	29.76M	35.99M	46.39M
Total Current Taxes	108M	12.37M	29.76M	35.99M	46.39M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-35.26M	-35.31M	-38.42M	-30.99M	-34.19M
Normalized Net Income	170M	213M	251M	266M	275M
Interest on Long-Term Debt	63.8M	65.8M	69.28M	71.52M	96.56M
Non-Cash Pension Expense	15K	52K	92K	-	10K
Supplemental Operating Expense Items
Net Rental Expense, Total	6.46M	2.43M	4.42M	9.4M	1.9M
Imputed Operating Lease Interest Expense	953K	161K	532K	1.37M	223K
Imputed Operating Lease Depreciation	5.51M	2.27M	3.89M	8.03M	1.67M
Maintenance & Repair Expenses, Total	-	-	-	14.62M	13.73M
Stock-Based Comp., COGS (Total)	95K	243K	27K	-	-
Total Stock-Based Compensation	95K	243K	27K	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	96.32M	72.85M	95.08M	115M	210M
Short Term Investments	-	-	-	-	593K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	96.32M	72.85M	95.08M	115M	210M
Accounts Receivable, Total	88.19M	117M	101M	86.89M	80.7M
Other Receivables	83.35M	74.6M	76.43M	98.42M	140M
Notes Receivable	235K	203K	-	-	33K
Total Receivables	172M	192M	177M	185M	221M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.94M	2.77M	3.49M	14.72M	13.24M
Total Current Assets	270M	267M	276M	315M	444M
Gross Property Plant And Equipment	2.93B	3.07B	3.35B	3.65B	3.83B
Accumulated Depreciation	-977M	-1.04B	-1.09B	-1.15B	-1.22B
Net Property Plant And Equipment	1.95B	2.02B	2.26B	2.5B	2.61B
Goodwill	6.15B	6.15B	6.15B	6.17B	6.16B
Other Intangibles, Total	693M	589M	480M	377M	324M
Loans Receivable Long-Term	615K	385K	214K	30K	16K
Deferred Tax Assets Long-Term	-	-	-	7.86M	10.18M
Deferred Charges Long-Term	747K	525K	326K	8.7M	7.72M
Other Long-Term Assets, Total	297M	233M	182M	105M	41.39M
Total Assets	9.36B	9.26B	9.35B	9.48B	9.6B
Liabilities
Accounts Payable, Total	175M	144M	185M	213M	271M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	149M	121M	287M	435M	303M
Current Portion of Leases	151M	152M	160M	144M	111M
Current Income Taxes Payable	17.87M	1.36M	17.42M	5.44M	10.41M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	42M	49.41M	52.95M	54.17M	57.77M
Total Current Liabilities	535M	468M	703M	852M	754M
Long-Term Debt	3.02B	3.07B	3.03B	3.24B	4.1B
Long-Term Leases	831M	810M	822M	820M	812M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	2.91M	2.3M	2.35M	2.32M	2.12M
Deferred Tax Liability Non Current	239M	204M	165M	142M	113M
Other Non Current Liabilities	251M	242M	288M	342M	343M
Total Liabilities	4.88B	4.8B	5.01B	5.4B	6.12B
Common Stock, Total	600M	600M	600M	600M	600M
Additional Paid In Capital	2.21B	2.09B	2.05B	1.64B	1.32B
Retained Earnings	1.67B	1.78B	1.82B	1.84B	1.84B
Treasury Stock	-679K	-2.81M	-139M	-1.64M	-301M
Comprehensive Income and Other	-94.31K	1.27M	749K	2.37M	6.06M
Total Common Equity	4.48B	4.47B	4.34B	4.08B	3.47B
Minority Interest	-	-	-	5.62M	10M
Total Equity	4.48B	4.47B	4.34B	4.08B	3.48B
Total Liabilities And Equity	9.36B	9.26B	9.35B	9.48B	9.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	960M	960M	948M	932M	902M
ECS Total Common Shares Outstanding	960M	960M	948M	932M	902M
Book Value / Share	4.67	4.65	4.58	4.38	3.84
Tangible Book Value	-2.36B	-2.27B	-2.3B	-2.47B	-3.02B
Tangible Book Value Per Share	-2.45	-2.36	-2.42	-2.65	-3.34
Total Debt	4.15B	4.15B	4.3B	4.64B	5.33B
Net Debt	4.05B	4.08B	4.21B	4.53B	5.11B
Debt Equivalent Oper. Leases	51.67M	19.45M	35.38M	75.17M	15.17M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	5.62M	10M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	51.09M	63.28M	102M	134M	184M
Machinery, Total	1.73B	1.82B	2.03B	2.23B	2.35B
Full Time Employees	246	256	296	328	345
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	191M	293M	339M	354M	362M
Depreciation & Amortization - CF	250M	249M	254M	269M	281M
Amortization of Goodwill and Intangible Assets - (CF)	105M	108M	112M	113M	115M
Depreciation & Amortization, Total	355M	358M	365M	382M	396M
(Gain) Loss From Sale Of Asset	4.9M	6.03M	5.03M	5.67M	10.19M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	1.7M	6.75M	192K	4.33M	3.05M
Change In Accounts Receivable	38.1M	-28.6M	15.91M	14.1M	6.19M
Change In Accounts Payable	-7.5M	37.31M	37.57M	3.84M	26.44M
Change In Deferred Taxes	-38.59M	-35.28M	-38.17M	-31.17M	-34.73M
Change in Other Net Operating Assets	-327M	49.73M	85.7M	30.03M	30.92M
Cash from Operations	218M	687M	811M	763M	800M
Capital Expenditure	-168M	-255M	-299M	-294M	-282M
Cash Acquisitions	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	70.6K	466K	262K	-8.86M	81K
Other Investing Activities, Total	-	-	29.34M	-	-11K
Cash from Investing	-168M	-255M	-270M	-303M	-282M
Long-Term Debt Issued, Total	214M	-	-	172M	544M
Total Debt Issued	214M	-	-	172M	544M
Long-Term Debt Repaid, Total	-	-146M	-46.74M	-	-
Total Debt Repaid	-	-146M	-46.74M	-	-
Issuance of Common Stock	-	-	-	2.09M	7.09M
Repurchase of Common Stock	-340K	-2.13M	-136M	-163M	-300M
Common Dividends Paid	-287M	-307M	-336M	-452M	-675M
Common & Preferred Stock Dividends Paid	-287M	-307M	-336M	-452M	-675M
Cash from Financing	-73.4M	-456M	-519M	-441M	-423M
Miscellaneous Cash Flow Adjustments	-	-	23K	1.12M	-
Net Change in Cash	-23.89M	-23.47M	22.23M	20.06M	94.48M
Supplemental Items
Cash Interest Paid	-	49.8M	66.1M	80.3M	85.5M
Cash Income Tax Paid (Refund)	110M	27.9M	13.6M	48.8M	41M
Levered Free Cash Flow	395M	285M	422M	385M	463M
Unlevered Free Cash Flow	441M	306M	462M	436M	509M
Change In Net Working Capital	-28.12M	60.44M	-74.42M	2.77M	-33.16M
Net Debt Issued / Repaid	214M	-146M	-46.74M	172M	544M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.45	2.83	3.45	3.72	3.79
Return on Total Capital	2.65	3.06	3.73	4.04	4.13
Return On Equity %	4.22	6.56	7.71	8.41	9.55
Return on Common Equity	4.22	6.56	7.71	8.41	9.58
Margin Analysis
Gross Profit Margin %	92.11	92.82	93.37	93.58	92.96
SG&A Margin	-	-	-	0.91	0.18
EBITDA Margin %	68.58	70.7	72.37	72.23	71.76
EBITA Margin %	59.46	62.19	65.19	65.07	64.41
EBIT Margin %	46.11	49.48	53.57	54.13	53.72
Income From Continuing Operations Margin %	24.38	34.39	35.35	34.15	33.5
Net Income Margin %	24.38	34.39	35.35	34.16	33.56
Net Avail. For Common Margin %	24.38	34.39	35.35	34.16	33.56
Normalized Net Income Margin	21.65	24.97	26.13	25.72	25.49
Levered Free Cash Flow Margin	50.35	33.38	43.97	37.16	42.99
Unlevered Free Cash Flow Margin	56.21	35.9	48.11	42.08	47.24
Asset Turnover
Asset Turnover	0.09	0.09	0.1	0.11	0.11
Fixed Assets Turnover	0.4	0.43	0.45	0.44	0.42
Receivables Turnover (Average Receivables)	7.32	8.32	8.83	11.03	12.85
Short Term Liquidity
Current Ratio	0.5	0.57	0.39	0.37	0.59
Quick Ratio	0.5	0.56	0.39	0.35	0.57
Operating Cash Flow to Current Liabilities	0.41	1.47	1.15	0.9	1.06
Days Sales Outstanding (Average Receivables)	49.86	43.86	41.34	33.18	28.39
Average Days Payable Outstanding	910.21	950.1	944.12	1.09K	1.16K
Long Term Solvency
Total Debt/Equity	92.59	92.98	99.24	113.71	153.1
Total Debt / Total Capital	48.07	48.18	49.81	53.21	60.49
LT Debt/Equity	85.88	86.86	88.91	99.52	141.19
Long-Term Debt / Total Capital	44.59	45.01	44.63	46.57	55.79
Total Liabilities / Total Assets	52.11	51.78	53.62	56.95	63.77
EBIT / Interest Expense	4.92	12.26	8.09	6.88	7.9
EBITDA / Interest Expense	9.74	22.65	13.85	11.57	13.3
(EBITDA - Capex) / Interest Expense	7.46	15.24	9.13	7.96	9.45
Total Debt / EBITDA	5.79	5.33	4.89	4.92	5.46
Net Debt / EBITDA	5.65	5.23	4.78	4.8	5.25
Total Debt / (EBITDA - Capex)	7.56	7.91	7.41	7.15	7.69
Net Debt / (EBITDA - Capex)	7.39	7.78	7.25	6.97	7.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.35	8.64	12.58	7.89	3.97
Gross Profit, 1 Yr. Growth %	18.06	9.48	13.25	7.6	3.28
EBITDA, 1 Yr. Growth %	24.15	12	15.24	8.28	3.29
EBITA, 1 Yr. Growth %	24.37	13.63	18.01	8.36	2.9
EBIT, 1 Yr. Growth %	21.31	16.57	21.88	9.84	3.19
Earnings From Cont. Operations, 1 Yr. Growth %	22.17	53.26	15.74	4.22	1.98
Net Income, 1 Yr. Growth %	22.17	53.26	15.74	4.25	2.14
Normalized Net Income, 1 Yr. Growth %	18.92	25.32	17.79	7.23	3.02
Diluted EPS Before Extra, 1 Yr. Growth %	10.87	53.3	16.21	6.3	4.35
Accounts Receivable, 1 Yr. Growth %	-30.17	32.42	-13.73	-13.94	-7.13
Net Property, Plant and Equip., 1 Yr. Growth %	0.09	3.64	11.55	10.71	4.52
Total Assets, 1 Yr. Growth %	3.04	-1.07	0.96	1.3	1.22
Tangible Book Value, 1 Yr. Growth %	2.69	-3.68	1.2	7.43	22.03
Common Equity, 1 Yr. Growth %	-2.12	-0.38	-2.91	-5.99	-14.92
Cash From Operations, 1 Yr. Growth %	-55.24	215.39	18.08	-5.96	4.39
Capital Expenditures, 1 Yr. Growth %	88.55	51.46	17.43	-1.87	-5.03
Levered Free Cash Flow, 1 Yr. Growth %	3.3	-32.17	48.3	-8.29	21.23
Unlevered Free Cash Flow, 1 Yr. Growth %	5.56	-30.61	50.85	-5.13	17.55
Dividend Per Share, 1 Yr. Growth %	7.5	7.5	37.99	7.78	7.51
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	40.92	13.39	10.59	10.21	5.91
Gross Profit, 2 Yr. CAGR %	42.2	13.69	11.35	10.66	5.42
EBITDA, 2 Yr. CAGR %	49.51	17.92	13.61	11.4	5.75
EBITA, 2 Yr. CAGR %	43.6	18.87	15.79	12.74	5.6
EBIT, 2 Yr. CAGR %	26.69	18.92	19.2	15.27	6.46
Earnings From Cont. Operations, 2 Yr. CAGR %	17.21	36.83	33.18	9.83	3.09
Net Income, 2 Yr. CAGR %	17.21	36.83	33.18	9.84	3.19
Normalized Net Income, 2 Yr. CAGR %	16.2	22.08	21.5	11.85	5.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-7.36	30.37	33.47	11.14	5.32
Accounts Receivable, 2 Yr. CAGR %	10.27	-3.84	6.89	-13.74	-10.6
Net Property, Plant and Equip., 2 Yr. CAGR %	40.08	1.85	7.52	11.13	7.53
Total Assets, 2 Yr. CAGR %	90.03	0.97	-0.06	1.18	1.28
Tangible Book Value, 2 Yr. CAGR %	312.67	-0.55	-1.27	4.27	14.61
Common Equity, 2 Yr. CAGR %	69.47	-1.25	-1.65	-4.46	-10.57
Cash From Operations, 2 Yr. CAGR %	-15.47	18.81	92.98	5.38	-0.72
Capital Expenditures, 2 Yr. CAGR %	57.47	68.99	33.36	7.35	-2.96
Levered Free Cash Flow, 2 Yr. CAGR %	41.72	-13.74	0.3	16.29	5.02
Unlevered Free Cash Flow, 2 Yr. CAGR %	45.08	-14.42	2.31	19.32	5.22
Dividend Per Share, 2 Yr. CAGR %	56.31	7.5	21.8	21.95	7.64
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	27.54	29.21	13.12	9.68	8.09
Gross Profit, 3 Yr. CAGR %	27.41	30.33	13.54	10.26	8.14
EBITDA, 3 Yr. CAGR %	35.87	35.78	17.02	11.6	8.63
EBITA, 3 Yr. CAGR %	32.06	32.82	18.58	13.03	9.36
EBIT, 3 Yr. CAGR %	21.79	23.22	19.9	15.7	11.1
Earnings From Cont. Operations, 3 Yr. CAGR %	10.79	28.17	29.41	22.73	7.15
Net Income, 3 Yr. CAGR %	10.79	28.17	29.41	22.74	7.22
Normalized Net Income, 3 Yr. CAGR %	11.45	19.17	20.63	16.17	8.83
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.29	9.58	25.46	23.72	8.83
Accounts Receivable, 3 Yr. CAGR %	21.24	17.21	-7.25	-0.49	-11.59
Net Property, Plant and Equip., 3 Yr. CAGR %	97.09	26.7	4.99	8.58	8.86
Total Assets, 3 Yr. CAGR %	69.2	52.87	0.96	0.43	1.21
Tangible Book Value, 3 Yr. CAGR %	190.66	154.08	0.03	1.55	9.95
Common Equity, 3 Yr. CAGR %	42.53	41.96	-1.81	-3.12	-8.09
Cash From Operations, 3 Yr. CAGR %	10.38	31.11	18.57	51.86	5.19
Capital Expenditures, 3 Yr. CAGR %	51.28	55.44	49.68	20.4	3.41
Levered Free Cash Flow, 3 Yr. CAGR %	59.86	13.1	3.33	-2.84	17.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.44	13.46	3.38	-0.41	18.44
Dividend Per Share, 3 Yr. CAGR %	15.19	37.97	16.83	16.93	16.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.68	19.06	20.47	21.25	10.18
Gross Profit, 5 Yr. CAGR %	18.56	18.93	20.72	22.07	10.33
EBITDA, 5 Yr. CAGR %	27.26	25.6	26.49	25.45	12.25
EBITA, 5 Yr. CAGR %	25.69	23.83	25.3	24.39	13.07
EBIT, 5 Yr. CAGR %	19.63	18.53	20.75	19.98	14.16
Earnings From Cont. Operations, 5 Yr. CAGR %	14.34	18.27	19.25	20.49	18.16
Net Income, 5 Yr. CAGR %	14.34	18.27	19.25	20.5	18.2
Normalized Net Income, 5 Yr. CAGR %	13.53	14.04	15.37	16.18	13.94
Diluted EPS Before Extra, 5 Yr. CAGR %	4.08	7.66	8.64	10.2	16.98
Accounts Receivable, 5 Yr. CAGR %	27.69	23.13	15.28	3.68	-8.57
Net Property, Plant and Equip., 5 Yr. CAGR %	58.88	55.55	54.67	20.22	6
Total Assets, 5 Yr. CAGR %	39.47	38.6	37.07	29.61	1.11
Tangible Book Value, 5 Yr. CAGR %	109.18	93.19	88.72	77.93	5.63
Common Equity, 5 Yr. CAGR %	24.75	24.01	22.87	21.16	-5.41
Cash From Operations, 5 Yr. CAGR %	15.84	43.13	38.02	20.14	10.44
Capital Expenditures, 5 Yr. CAGR %	43.25	48.16	43.84	34.05	25.86
Levered Free Cash Flow, 5 Yr. CAGR %	34.64	28.27	34.26	14.36	3.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	37.34	29.86	36.51	15.77	4.01
Dividend Per Share, 5 Yr. CAGR %	17.02	12.78	17.79	31.33	13.06