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    Electric utilities
Iniziative Bresciane S.p.A.

Iniziative Bresciane S.p.A.

MMIL:IB
8.25
EUR
+0.05
(+0.61%)
63.15MMarket Cap
Mar 03Next Earn
Iniziative Bresciane S.p.A.
MIL:IB
(Euronext Milan)

Recent

price

8.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
2.76
3.36
2.18
2.63
2.78
3.71
4.15
3.09
3.55
3.07
4.53
4.82
3.83
- -
Revenue per Share
1.01
1.32
0.37
0.57
0.21
0.38
0.95
0.93
0.7
-0.1
0.72
0.81
0.18
- -
Basic EPS, GAAP
2.88
2.81
-0.69
-1.13
0.57
0.64
2.85
-1.56
-3.61
-2.74
-1.15
1.21
1.63
- -
Free Cash Flow per Basic Share
0.31
0.81
0.96
0.69
0.63
0.6
0.7
0.54
0.79
0.88
0.21
0.63
0.28
- -
Dividend per Share
8.35
11.89
11.19
11.11
10.78
10.57
10.86
13.83
14.18
13.56
14.03
14.19
13.76
13.76
Book Value per Share
0.31
3.61
3.37
3.56
-2.71
-2.14
-1.09
5.23
5.92
4.92
5.04
5.15
5.51
5.51
Tangible Book Value per Share
4
4
4
4
4
4
4
5
5
5
5
5
5
5
Basic Weighted Avg Shares
11
13
9
10
11
14
16
16
18
16
24
25
21
- -
Sales/Revenue/Turnover
68.67
73.55
43.57
49.93
32.82
35.24
51.15
44.61
43.09
15.81
34.5
40.18
23.28
- -
Operating Margin (%)
5
5
5
6
7
7
7
7
8
9
9
10
10
- -
Depreciation Expense
4
5
1
2
1
1
4
5
4
-1
4
4
1
- -
Net Income, GAAP
19.63
36.25
38.77
35.56
53.12
46.27
36.51
7.64
36.68
- -
6.13
18.52
35.38
- -
Effective Tax Rate (%)
36.72
39.16
17.12
21.6
7.73
10.13
22.81
30.13
19.72
-3.3
15.88
16.75
4.78
- -
Profit Margin (%)
-23
-6
-15
-9
-23
-24
-20
11
12
-6
-23
-26
-28
-28
Working Capital
38
34
34
40
48
45
43
60
95
95
85
79
76
76
LT Debt
34
48
45
45
44
43
45
74
76
73
75
76
74
74
Total Equity
- -
6.22
2.44
3.37
1.52
2.32
4.57
5.15
3.03
- -
3.86
4.4
1.68
- -
Return on Invested Capital (%)
- -
6.11
2.4
3.05
1.35
1.82
3.91
4.91
2.81
- -
4.05
3.62
1.75
- -
Return on Capital (%)
- -
13.02
3.24
5.1
1.96
3.52
8.84
8.47
5
-0.73
5.22
5.73
1.33
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
27
24
24
LT Borrowings
79
80
76
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
75
66
63

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
19
21
23
Cash, Cash Equivalents & STI
5
6
7
Accounts Receivable, Net
3
5
2
Inventories
1
2
5
Total Current Liabilities
46
45
51
Payables & Accruals
- -
- -
- -
ST Debt
27
24
24
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.57%
0.05%
-1.84%
Free Cash Flow
-1.98%
-23.58%
38.37%
Net Income, GAAP
-76.73%
-203.06%
-76.69%
Sales/Revenue/Turnover
10.82%
7.46%
-18.27%
Total Cash Common Dividend
11.31%
27.1%
-53.92%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
24
2024
- -
- -
25
2025
- -
- -
21

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.72
2024
- -
- -
0.81
2025
- -
- -
0.18

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.21
2024
- -
- -
0.63
2025
- -
- -
0.28
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Business
Iniziative Bresciane S.p.A. Iniziative Bresciane S.p.A. engages in the design, construction, and management of medium- and small-sized hydroelectric plants in Italy, specializing in renewable energy production from hydropower sources. The company operates plants located in the provinces of Brescia, Bergamo, Cremona, Trento, Lucca, and Florence; it generates revenue primarily from non-regulated utility activities, with trailing twelve-month sales reaching €26.23 million and net earnings of €2.37 million as of mid-2025. Founded in 1988 and headquartered in Breno, Italy, Iniziative Bresciane S.p.A. employs 22 people and maintains a portfolio of subsidiaries including Adda Energi SRL, Pac Pejo Srl, Appennino Energia SRL, and Azienda Elettrica Vallecamonica SRL, all focused on electric utilities and hydroelectric operations; it functions as a subsidiary of Finanziaria di Valle Camonica SpA. Recent developments include the 2021 acquisition of Appennino Energia SRL from Electrade SpA for approximately $1.79 million and updates to its articles of association to enhance operational efficiency, alongside steady revenue growth to €29.01 million in 2024 driven by expanded hydroelectric activities.