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Hrvatski Telekom (HT) investor relations material
Hrvatski Telekom Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved sustained growth across all business segments, maintaining market leadership in customer experience and network quality.
FTTH coverage expanded to 1 million households, and mobile network leadership reaffirmed for the third consecutive year.
Returned EUR 160 million to shareholders, the highest capital allocation since 2013, through dividends and share buybacks.
Recognized for innovation with projects like the Rijeka Gateway 5G campus and NextGen 5G Airports, and awarded for sustainability and governance.
Continued transformation with AI integration and launched a national AI education program to boost digital inclusion.
Financial highlights
Revenue increased by 3.6% year-over-year to EUR 1,141.7 million, reflecting sustained commercial momentum.
Adjusted EBITDA AL rose 3.3% year-over-year to EUR 429.8 million, with margin at 37.6%.
Net profit reached EUR 143 million, up 0.8% year-over-year.
Market-leading investments (CAPEX AL) totaled EUR 268.4 million, up 10.5% year-over-year, with a CAPEX/Revenue ratio of 23.5%.
Net cash flow from operating activities rose 1.6% to EUR 407.5 million; cash and cash equivalents at year-end were EUR 173.1 million (-24.6% YoY).
Outlook and guidance
2026 outlook projects low single-digit increases in revenue and adjusted EBITDA AL, with a low single-digit decrease in CAPEX AL.
Continued monitoring and evaluation of regional M&A opportunities.
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