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Orange Polska (OPL) investor relations material
Orange Polska Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 delivered strong commercial and financial results, with 9.3% revenue growth and robust expansion in consumer, wholesale, and IT/IS segments, supporting the Lead the Future strategy.
Customer bases and ARPU increased, with net mobile additions exceeding 100,000, the highest in over four years.
Wholesale revenues and margins grew, driven by new fiber infrastructure business and multi-year deals, offsetting expiring contracts.
IT and IS sales surged 47% year-over-year, mainly from software license resales and integration service contracts, boosting top-line with limited immediate profit impact.
Full-year guidance confirmed, with focus on high commercial season in Q4 and continued value creation for shareholders.
Financial highlights
Q3 2025 revenues reached PLN 3,329 million, up 9.3% year-over-year; 9M 2025 revenues at PLN 9,640 million, up 4.2%.
Q3 EBITDAAL was PLN 899 million (+2.9% yoy); 9M EBITDAAL at PLN 2,612 million (+3.4% yoy).
Net income for 3Q 2025 was PLN 228 million (down 10.2% yoy); 9M 2025 at PLN 693 million (down 2.7% yoy), impacted by higher net finance costs.
Organic cash flow in Q3 2025 was PLN 324 million (+28.1% yoy); 9M 2025 at PLN 668 million (+0.6% yoy).
eCAPEX for Q3 2025 was PLN 328 million (down 28.7% yoy); 9M 2025 at PLN 1,127 million (down 0.6% yoy).
Outlook and guidance
2025 guidance reiterated: low single-digit year-over-year growth in revenues and EBITDAAL, eCAPEX expected at PLN 1.8–1.9 billion.
Management confident in achieving 2025 objectives, with strong 9M results and focus on profitable growth and innovation.
Expect continued strong wholesale contribution, with new deals offsetting expiring contracts.
Anticipate solid organic cash flow in Q4, with a peak in property sales planned.
B2B segment shows early signs of recovery, with potential return to growth in the next 2-3 quarters.
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