Hellenic Telecommunications Organization (HTO) Q3 2025 earnings summary

Executive summary

• Completed exit from the Romanian market, resulting in a €40 million extraordinary dividend and a focus on domestic growth.

• Achieved €874.0 million in Q3 2025 revenues, up 5.0% year-over-year, with strong growth in mobile, TV, broadband, and ICT segments.

• FTTH subscriber base grew to 509,000, with 38,000 net additions in Q3 2025 and utilization rate at 33%.

• Continued innovation with Magenta AI Portfolio Services, digitalization, and ICT momentum.

• Expanded ultra-fast broadband coverage in rural and semi-rural Greece, targeting 480,000 additional homes and businesses.

Financial highlights

• Q3 2025 revenues: €874.0 million (+5.0% YoY); 9M 2025 revenues: €2,548.0 million (+2.3% YoY).

• Adjusted EBITDA (AL) for Q3 2025 was €360.1 million (+2.0% YoY), margin at 41.2%.

• Free Cash Flow after leases from continuing operations was €108 million for the quarter, up from €100 million last year.

• TV segment revenues rose 16.7% YoY, with a 6.7% increase in customer base to 758,000.

• Mobile service revenues grew 2.7% YoY; postpaid customer base up 6.4% to 3 million.

Outlook and guidance

• 2025 guidance: Free Cash Flow ~€530 million, CapEx ~€600 million, adjusted EBITDA (AL) growth ~2%.

• FTTH coverage to reach 2.1 million homes by end-2025 and 3.5 million by 2030.

• Mobile service revenues expected to grow 2–2.5% into 2026, driven by pre-to-post migrations and larger bundles.

• Ordinary shareholder remuneration for 2025 set at €451 million, including €298 million dividend and €153 million buybacks.

• Continued focus on FTTH and 5G rollout, digitalization, and expanding digital services.