Empresa Nacional de Telecomunicaciones (ENTEL) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for Q3 2025 grew 11% year-over-year, driven by strong mobile and fixed revenue growth in both Chile and Peru.

• Maintained 5G leadership in Chile with over 40.7% market share and 3.3 million active connections as of June 25.

• Expanded postpaid mobile and fiber customer bases, reinforcing market leadership in Chile and solidifying second place in Peru.

• Recognized for customer loyalty, satisfaction, and network quality, ranking first in ALCO 2025 Consumer Loyalty Awards.

• Moody’s affirmed Baa3 rating and upgraded outlook to stable, citing strong market leadership and liquidity.

Financial highlights

• Consolidated revenues grew 11% year-over-year in Q3 2025, with Chile up 7.8% and Peru up 5.5%.

• EBITDA increased nearly 10% year-over-year, with margin at 28.6% in Q3 and 27.8% for 9M25.

• Net income for Q3 2025 was CLP 30.7 billion, down 25.5% YoY due to a prior-year tax gain; 9M25 net income up 11.4% YoY.

• Gross financial debt decreased 18.5% from December 2024; net debt/EBITDA at 2.5x.

• Free cash flow from operations turned positive, reaching 5.6% of revenues for 9M25.

Outlook and guidance

• CapEx to revenue target for 2025 is 16.5% consolidated, with acceleration expected in Q4 and catch-up investment planned for 2026–2027.

• Cash expected to end 2025 at around $200 million, reflecting cautious CapEx and strong cash generation.

• Focus remains on network leadership, fiber expansion, and accelerated growth in Peru.

• Moody’s outlook upgraded to stable, reaffirming investment grade status.