Runway Growth Finance Corp. (RWAY) Earnings Call Transcripts

Runway Growth Finance Corp.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Rai Way S.p.A. (RWAY:IT) reported revenues of EUR 72 million, reflecting a 2.6% year-on-year increase, while adjusted EBITDA rose by 1% to EUR 47.3 million. Management confirmed that the full-year guidance remains unchanged, with expectations for adjusted EBITDA to be broadly in line with the previous year, driven by traditional business growth despite challenges from non-core items. The strong free cash flow generation of EUR 34 million contributed to a reduction in net debt to EUR 113.5 million, positioning the company favorably for future investments.

Reported metrics

Guidance from management

Management confirmed that the full-year guidance remains unchanged, expecting adjusted EBITDA to be broadly in line with the previous year, with underlying growth driven by traditional business and offset by non-core items.

What management said

Thank you, operator. Good evening, and welcome to everyone. As we presented our yearly results, a comprehensive operational update and the 2026 guidance only a few weeks ago, today's presentation will be relatively short and focused on the financial performance of the first 3 months of the year, leaving time for the final Q&A. As usual, today's speakers will be Rai Way's CEO, Roberto Cecatto; our CFO, Adalberto Pelle...

Let me say that, as I mentioned, at this stage, the shareholder discussion is focused on governance structure and some requirements that are related with the legislative regulatory provision. But I would like to underline also with our support we are supporting for the possible definition of mechanism, including control ones, which depending on the stability they provide will determine risk profiles and consequent ev...

What analysts pressed on

Analysts expressed concerns regarding the ongoing discussions around the memorandum of understanding and its implications for governance and economic terms. There were also inquiries about the potential impact of energy price volatility on future financial performance.

Main topics on the call

• Revenue Growth — Rai Way's revenues grew by 2.6% year-on-year, reaching almost EUR 72 million. CEO Roberto Cecatto noted that this growth was 'fully in line with expectation' and supported by both segments of the business.
• Adjusted EBITDA Performance — Adjusted EBITDA increased by 1% to EUR 47.3 million, with a noted growth of EUR 1.1 million from the previous year. CFO Adalberto Pellegrino highlighted that 'diversification activities EBITDA... is still negative in abs...
• Free Cash Flow Generation — The company generated strong free cash flow of EUR 34 million, up from EUR 32 million in Q1 2025. This performance helped reduce net debt to EUR 113.5 million, reflecting typical first-quarter trends.
• CapEx and Investment Plans — CapEx for the quarter was EUR 5.4 million, with a focus on development initiatives such as the DAB network and CDN expansion. Management indicated that 'development CapEx is expected to exceed the 2025 level' due to ongo...

Read the full Runway Growth Finance Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Runway Growth Finance Corp. earnings call transcripts on record, spanning March 13, 2020 to August 7, 2026. Based on this history, Runway Growth Finance Corp. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RWAY

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

43

First call

March 13, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly