Telia Lietuva (TEL1L) investor relations material

Executive summary

• Service revenue increased by 6.7% and equipment sales rose by 7.2% year-over-year for H1 2026, with EBITDA surpassing EUR 100 million and margin above 40%.

• The company secured two 1,500 MHz spectrum blocks for nearly EUR 8 million and extended its 2,100 MHz band usage for EUR 2 million, supporting 5G expansion.

• A record dividend of EUR 0.14 per share for 2025 was approved and paid in May 2026.

• Leadership changes included a new Board member and a new head of the Enterprise unit.

• Free cash flow increased year-over-year, supporting dividend payout.

Financial highlights

• Revenue for H1 2026 grew by 7.2% to EUR 259.1 million compared to H1 2025.

• Adjusted EBITDA rose 10.2% to EUR 106.9 million; net profit increased 14.7% to EUR 51.3 million.

• Free cash flow increased 57.9% to EUR 37.5 million.

• EBITDA margin improved from 40.1% to 41.3% year-over-year.

• Capex rose 12.5% to EUR 64.1 million.

Outlook and guidance

• EUR 7.1 million planned investment in mobile network expansion during 2026.

• Construction of a new data center near Vilnius, with up to EUR 26 million planned investment by 2027.

• Dividend policy maintains net debt/EBITDA below 1.5 and payout not exceeding 80% of free cash flow or 100% of net profit.