Cost savings help Eir to grow earnings by €7m
The company's earnings before before interest, taxes, depreciation, and amortization, stood at €156m during the second quarter, an increase of 5% or €7m. File picture: Naoise Culhane
Telecommunications firm Eir saw its earnings for the second quarter of the year increase by 5% on the back of a slight increase in revenue and various decreases in its operating costs.
On Thursday, the company posted its latest results for the period April to June. In that time, it recorded revenue of €326m, an increase of €6m year on year.
Its earnings before before interest, taxes, depreciation, and amortization, stood at €156m, an increase of 5% or €7m.
Its operating costs of €101m decreased by 2% or €2m year on year. Pay costs decreased by €3m with non-pay costs remaining stable at €59m. The company said it had €68m in cash on its balance sheet.
Chief executive of Eir, Oliver Loomes, said the company has “delivered another solid quarter” which is a “clear reflection of the strength and consistency of our strategy”.
The company reported having just under 1.54 million mobile phone customers, up by 64,000 year-on-year, of which 1.24 million are bill pay customers.
It said it increased its fibre broadband connections by 10,000 over the year to 889,000. It also has 111,000 Eir tv customers.
The company said that 93% of its fixed consumer households are on bundles with two or more products while 58% of customers are on triple or quad-play bundles.
Chief financial officer with the company, Stephen Tighe, said the second quarter of 2025 “was in line with expectations” with growth recorded “across the eir fibre broadband base and in total mobile customers, with a further increase seen in the multi-play bundling of eir fixed households”.
“Our solid commercial momentum is now delivering organic revenue growth on a consistent basis,” he said.
Also on Thursday, Eir’s French parent company Iliad reported a 3.8% rise in half-year revenues to €5.1bn, driven by a stable performance in France and continued customer growth in Italy.
In France, Free brand subscribers stayed steady at 23.1 million. Poland gained 100,000 customers to 15.5 million, while Italy added 505,000 net additions to 12.5 million subscribers.
Speaking following the release of his company’s results, the chief executive of Iliad, Thomas Reynaud, said the company will seek consolidation opportunities in France while ruling out further moves to acquire Telecom Italia.
Iliad failed to clinch a deal with Telecom Italia after it had sought to buy Vodafone's Italian operations in 2024.
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