TELECOM ITALIA SPA O TIM S.P.A. financials
TELECOM ITALIA SPA O TIM S.P.A.
Country: IT Reporting currency: EUR Latest annual report: 2025-12-31
LEI:
549300W384M3RI3VXU42 Financial statements
(EUR, as reported — unscaled; 146 line items across 2 annual periods)
| Line item | 2025 | 2024 |
|---|---|---|
| Income statement | ||
| Revenue | €13.73B | €13.65B |
| Employee benefits expense | €1.47B | €1.41B |
| Depreciation & amortisation | €2.94B | €3.06B |
| Operating profit (EBIT) | €1.56B | €1.67B |
| Finance costs | €1.84B | €2.37B |
| Profit before tax | €707.0M | €412.0M |
| Income tax expense | €112.0M | €178.0M |
| Profit for the year | €519.0M | -€364.0M |
| — attributable to owners | €297.0M | -€610.0M |
| — attributable to NCI | €222.0M | €246.0M |
| Total comprehensive income | €557.0M | -€1.09B |
| Per share | ||
| Basic EPS | €0.01 | €-0.03 |
| Diluted EPS | €0.01 | €-0.03 |
| Free cash flow / share | €0.03 | €0.17 |
| Cash flow statement | ||
| Net cash from operating activities | €2.54B | €3.18B |
| Purchase of PP&E (capex) | €1.02B | €1.14B |
| Purchase of intangibles | €825.0M | €832.0M |
| Dividends paid | €273.0M | €159.0M |
| Proceeds from borrowings | €1.54B | €1.89B |
| Repayments of borrowings | €4.37B | €8.43B |
| Net change in cash | -€812.0M | €114.0M |
| Balance sheet | ||
| Total assets | €36.73B | €37.66B |
| Non-current assets | €26.24B | €28.48B |
| Property, plant & equipment | €4.11B | €4.56B |
| Right-of-use assets | €3.24B | €3.47B |
| Intangible assets & goodwill | €16.47B | €17.04B |
| Current assets | €10.50B | €9.19B |
| Inventories | €235.0M | €297.0M |
| Trade & other receivables | €5.32B | €4.15B |
| Cash & equivalents | €2.05B | €2.92B |
| Total equity | €13.46B | €13.36B |
| — attributable to owners | €12.22B | €11.96B |
| Non-controlling interests | €1.24B | €1.40B |
| Non-current liabilities | €11.76B | €12.79B |
| Long-term borrowings | €7.99B | €8.73B |
| Lease liabilities (non-current) | €2.48B | €2.42B |
| Current liabilities | €11.52B | €11.51B |
| Short-term borrowings | €3.03B | €3.87B |
| Lease liabilities (current) | €515.0M | €523.0M |
| Deferred tax liabilities | €55.0M | €61.0M |
| Derived metrics | ||
| Free cash flow | €1.51B | €2.04B |
| Operating margin | 11.4% | 12.2% |
| Net margin | 3.8% | -2.7% |
| Return on equity | 3.9% | -2.7% |
| Cash conversion ratio | 4.89× | -8.73× |
| Capex coverage | 2.48× | 2.79× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | -€12.0M | -€10.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -€232.0M | €114.0M |
| Adjustments For Deferred Tax Expense | -€40.0M | €88.0M |
| Adjustments For Depreciation and Amortisation Expense | €2.94B | €3.06B |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | €69.0M | €14.0M |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | -€9.0M | -€12.0M |
| Adjustments For Increase Decrease In Trade Account Payable | -€98.0M | -€70.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -€4.0M | -€73.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | -€23.0M | -€20.0M |
| Basic Earnings Loss Per Share From Continuing Operations | €0.02 | €0.00 |
| Basic Earnings Loss Per Share From Discontinued Operations | €-0.01 | €-0.03 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | €2.10B | €2.92B |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €0 | €4.17B |
| Cash Flows From Used In Financing Activities Continuing Operations | -€2.02B | -€7.19B |
| Cash Flows From Used In Investing Activities Continuing Operations | -€1.38B | €5.41B |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €1.0M | €4.0M |
| Changes In Inventories of Finished Goods and Work In Progress | -€12.0M | -€11.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | €251.0M | -€34.0M |
| Comprehensive Income Attributable To Owners of Parent | €306.0M | -€1.06B |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €9.27B | €9.19B |
| Current Finance Lease Receivables | €44.0M | €44.0M |
| Current Financial Assets | €3.63B | €4.62B |
| Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale | €10.92B | €11.51B |
| Current Tax Assets Current | €89.0M | €124.0M |
| Current Tax Liabilities Current | €63.0M | €44.0M |
| Deferred Tax Assets | €510.0M | €513.0M |
| Diluted Earnings Loss Per Share From Continuing Operations | €0.02 | €0.00 |
| Diluted Earnings Loss Per Share From Discontinued Operations | €-0.01 | €-0.03 |
| Dividends Received Classified As Investing Activities | €2.0M | €19.0M |
| Dividends Recognised As Distributions To Owners of Parent Relating To Prior Years | €317.0M | €158.0M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -€8.0M | -€102.0M |
| Equity and Liabilities | €36.73B | €37.66B |
| Fair Value of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income | €120.0M | €150.0M |
| Finance Income | €938.0M | €1.05B |
| Gains Losses On Cash Flow Hedges Before Tax | -€177.0M | -€127.0M |
| Gains Losses On Disposals of Noncurrent Assets | €5.0M | €2.0M |
| Gains Losses On Exchange Differences On Translation Before Tax | -€23.0M | -€760.0M |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | €45.0M | €10.0M |
| Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | €69.0M | €14.0M |
| Income Tax Relating To Cash Flow Hedges of Other Comprehensive Income | €15.0M | €1.0M |
| Income Tax Relating To Exchange Differences On Translation of Other Comprehensive Income | €0 | €0 |
| Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income | €0 | €0 |
| Income Tax Relating To Investments In Equity Instruments of Other Comprehensive Income | €0 | €0 |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | €0 | €0 |
| Income Tax Relating To Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss | €0 | €0 |
| Income Tax Relating To Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss | €0 | €0 |
| Income Taxes Paid Refund | €78.0M | €31.0M |
| Increase Decrease In Cash and Cash Equivalents Discontinued Operations | €50.0M | -€1.28B |
| Increase Decrease Through Disposal of Subsidiary | -€119.0M | €2.28B |
| Increase Decrease Through Sharebased Payment Transactions | €0 | €0 |
| Increase Decrease Through Transfers and Other Changes Equity | -€27.0M | -€620.0M |
| Intangible Assets Other Than Goodwill | €5.45B | €6.01B |
| Interest Paid Classified As Investing Activities | €1.10B | €1.84B |
| Interest Received Classified As Investing Activities | €364.0M | €582.0M |
| Investment Accounted For Using Equity Method | €241.0M | €265.0M |
| Issued Capital | €11.68B | €11.68B |
| Liabilities | €23.28B | €24.30B |
| Liabilities Included In Disposal Groups Classified As Held For Sale | €596.0M | €0 |
| Miscellaneous Other Operating Expense | €580.0M | €638.0M |
| Miscellaneous Other Operating Income | €1.25B | €231.0M |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | €1.23B | €0 |
| Noncurrent Finance Lease Receivables | €34.0M | €40.0M |
| Noncurrent Provisions For Employee Benefits | €188.0M | €200.0M |
| Other Adjustments To Reconcile Profit Loss | -€743.0M | -€264.0M |
| Other Comprehensive Income | €38.0M | -€727.0M |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | -€16.0M | €9.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €4.0M | €13.0M |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | €46.0M | €4.0M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -€23.0M | -€760.0M |
| Other Comprehensive Income Net of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | €27.0M | €7.0M |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | -€16.0M | €9.0M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | €4.0M | €13.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €50.0M | -€749.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Before Tax | -€12.0M | €22.0M |
| Other Current Financial Assets | €1.54B | €1.65B |
| Other Income Expense From Subsidiaries Jointly Controlled Entities and Associates | €67.0M | €75.0M |
| Other Longterm Provisions | €439.0M | €485.0M |
| Other Noncurrent Assets | €2.41B | €3.41B |
| Other Noncurrent Financial Assets | €397.0M | €646.0M |
| Other Work Performed By Entity and Capitalised | €267.0M | €292.0M |
| Payments From Changes In Ownership Interests In Subsidiaries | €119.0M | €8.0M |
| Proceeds From Disposals of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €95.0M | €278.0M |
| Proceeds From Government Grants Classified As Investing Activities | €1.0M | €7.0M |
| Proceeds From Issuing Other Equity Instruments | €3.0M | €0 |
| Proceeds From Sales of Investments Other Than Investments Accounted For Using Equity Method | €2.33B | €2.67B |
| Profit Loss From Continuing Operations | €595.0M | €234.0M |
| Profit Loss From Discontinued Operations | -€76.0M | -€598.0M |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | €1.94B | €2.29B |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | €1.53B | €1.87B |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | -€238.0M | -€132.0M |
| Reclassification Adjustments On Exchange Differences On Translation Before Tax | €0 | €0 |
| Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | €18.0M | €3.0M |
| Revenue and Operating Income | €14.99B | €13.88B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Before Tax | €0 | €0 |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Before Tax | €0 | €0 |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | -€23.0M | -€20.0M |
| Share Premium | €0 | €0 |
| Treasury Shares | €49.0M | €53.0M |
Methodology
Every line item above is a fact tagged in TELECOM ITALIA SPA O TIM S.P.A.'s annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.