freenet (FNTN) Company presentation summary

Key figures

• FY 2025 revenue €2.4bn, adjusted EBITDA €515.4m and adjusted free cash flow €296.0m; data as of 31 Dec 2025.

• FY 2025 customer and workforce figures: 8.241m postpaid customers, 1.755m IPTV subscribers and 3,326 employees.

• A separate FY 2025 KPI slide lists adjusted EBITDA of €515m and adjusted free cash flow of €317m; it rounds postpaid customers to 8.2m, IPTV subscribers to 1.8m and employees to 3.3k.

Market position and business segments

• Mobile communications accounts for ~80% of Group adjusted EBITDA; the strategy is to expand the established mobile business in a stable market.

• Network-agnostic tariffs are sold online and offline, with >500 own shops; stated 2025 market shares are ~10% of the overall German mobile market and ~20% of retail mobile.

• waipu.tv is positioned as the No. 2 player in Germany’s growing IPTV market, with a 20–25% share of the IPTV market and >300 channels.

• waipu.tv offers streaming across connected devices, multi-room viewing, cloud recordings, live-program restart and personalized recommendations.

Brands and customer reach

• freenet is the umbrella and premium mobile communications brand, combining mobile, internet, TV entertainment, hardware, complementary products and energy offerings.

• klarmobil serves the discount mobile segment with plans, devices and services through its website, hotline and retail stores; it operates as an independent profit centre.

• Sales channels include ~500 freenet shops, ~400 consumer electronics stores, online channels and additional specialist retail points; the omnichannel strategy emphasizes digital transformation and customer experience.

• Distribution spans own retail and online, specialist retailers, electronics retailers and digital partners, including Media Markt, Saturn, Amazon and >3,000 affiliate partners through Vitrado.