Telia Lietuva (TEL1L) investor relations material

Executive summary

• Revenue increased by 7.6% year-over-year in Q1 2026 to EUR 128.8 million, driven by growth in mobile, IT, broadband, and TV services.

• Adjusted EBITDA rose 8.2% to EUR 52.2 million, and net profit grew 9% to EUR 24.6 million compared to Q1 2025.

• Free cash flow surged 28.6% year-over-year to EUR 40.2 million, supporting a proposed record dividend payout for 2025.

• Workforce reduced by about 60 positions due to restructuring of the Digital & Technology unit, incurring EUR 1.1 million in redundancy expenses.

• The company maintained the highest customer care rating among Lithuanian telco operators in 2026.

Financial highlights

• Q1 2026 revenue reached EUR 128.8 million, up from EUR 119.8 million in Q1 2025.

• Adjusted EBITDA (excluding non-recurring items) was EUR 52.2 million, up from EUR 48.3 million.

• Net profit for Q1 2026 was EUR 24.6 million, up from EUR 22.6 million.

• EBITDA margin improved to 40.6% from 40.3% year-over-year.

• Market capitalization increased by 26.2% year-over-year to EUR 1,206 million as of March 2026.

Outlook and guidance

• The Board proposed a record dividend of EUR 0.14 per share for 2025, with a payout ratio of 90.3%.

• Construction of a new EUR 26 million data center near Vilnius is underway, with completion expected by end of 2027.

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