DIGI Spain Telecom (DIGIS) Q1 2026 earnings summary

Executive summary

• Revenues for the three months ended 31 March 2026 rose to €252.2 million, up 16% year-over-year, driven by growth in both mobile and fixed broadband services.

• Net loss attributable to owners was €5.4 million, compared to a €3.4 million loss in the prior year period, mainly due to higher depreciation, amortisation, and finance costs.

• The Group continued significant investments in network expansion, spectrum licenses, and subscriber acquisition, supporting long-term growth.

• The company is preparing for a potential IPO, with incentive plans for employees and management linked to the offering.

Financial highlights

• Revenue increased to €252.2 million from €216.6 million year-over-year.

• Operating profit fell to €7.6 million from €17.8 million, impacted by higher depreciation and amortisation.

• Net finance costs improved to €9.9 million from €15.7 million, but the Group still posted a net loss.

• Cash flow from operating activities was €57.7 million, up from €50.0 million year-over-year.

• Capital expenditures totaled €60.5 million for property, plant, and equipment and €47.7 million for intangibles.

Outlook and guidance

• Management expects sufficient resources to meet short-term liabilities, supported by cash on hand, predictable cash flows, and undrawn credit facilities.

• The Group is confident in its ability to meet financing needs in 2027, citing growth in revenue, profitability, and improved leverage ratios.

• Ongoing investments in network expansion and spectrum are expected to drive future growth.