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Elisa (ELISA) investor relations material
Elisa Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Revenue grew between 4.6% and 5% year-over-year, driven by international software services, mobile, and fixed service revenue, with 5G upselling and new security features supporting growth.
EBITDA increased 3.7% to 4% to EUR 214 million, with a margin of 38.1%, and comparable cash flow rose 12%.
A transformation program was launched, targeting EUR 40 million in annual cost savings by 2026, including 450 job reductions, mainly in Finland.
Fixed broadband and fiber-related revenue showed positive momentum, while postpaid churn in Finland rose above 22% due to intense 4G competition.
Acquisitions contributed positively to revenue, while divestments had a negative impact.
Financial highlights
Q3 2025 revenue: EUR 561 million (+5% YoY); EBITDA: EUR 214 million (+4% YoY); EBIT: EUR 139 million (+2% YoY); Net profit: EUR 103 million; EPS: EUR 0.64 (+2.3% YoY).
Comparable cash flow increased 12% in Q3 to EUR 125 million; YTD comparable cash flow up 10%.
CapEx (excluding licenses, leases, acquisitions) was EUR 65 million, in line with 12% of sales; main areas: 5G, fiber, IT.
ISS revenue increased 53% (3% organic), with recurring revenue up 13% in the quarter and 15% year-to-date.
Net debt rose 7% to EUR 1,390 million; gearing ratio at 116.4%; equity ratio at 35.7%.
Outlook and guidance
Full-year 2025 revenue and comparable EBITDA expected at or slightly above 2024 levels; guidance remains unchanged.
ISS organic comparable growth for the full year expected between 5% and 10%.
Mobile service revenue growth for the year projected at low to mid-single digits, with Q4 expected to remain challenging due to competition.
CapEx capped at 12% of revenue.
Transformation program aims to achieve midterm revenue and EBITDA targets, with most cost savings realized from Q1 2026.
When will transformation programme savings impact results?
What caused the rise in mobile post-paid churn?
Why is International Software Services still unprofitable?
What is the net financial impact of the transformation program?
How will Elisa respond to increased 4G competition?
What is the nature of ISS project delays and outlook?
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Frequently asked questions
Elisa offers to its corporate and residential customers a wide range of telecom services and products. The Company's main business is to provide wireless and fixed network services, data communications and digital services. The Company also offer computer, telecommunication and other equipment with related supporting services, as well as packaging and installation services for corporate customers. Through its broadcasting company Elisa Viihde Oy, the Company provides TV-services via cable networks and mobile broadband networks. Elisa Oyj was founded in 1882 and is headquartered in Helsinki, Finland.
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