Hrvatski Telekom (HT) Q2 2026 earnings summary

Executive summary

• Achieved 2.6% year-over-year revenue growth in H1 2026, with FTTH coverage expanding 16% and recognition as Croatia's best mobile network for the fourth consecutive year.

• Net profit rose 13.6% to EUR 65.8 million, driven by strong fixed and mobile services and ICT demand.

• Distributed a dividend of EUR 1.69 per share in July 2026, up 3% year-over-year, with a yield of 4.2%.

• Investments reached EUR 131.9 million, up 12.8% year-over-year, focusing on fiber, 5G, and digital infrastructure.

• Acquisition of PRO-PING d.o.o. expected to close in H2 2026, pending regulatory approval.

Financial highlights

• H1 2026 revenue reached EUR 558.9 million, up 2.6% year-over-year; Q2 revenue up 3.6%.

• Adjusted EBITDA AL was EUR 199.5 million, up 3.0% year-over-year, with margin stable at 35.7%.

• EBIT increased 13.4% to EUR 85.2 million, with EBIT margin improving to 15.2%.

• Net profit after non-controlling interests was EUR 65.8 million, up 13.6% year-over-year; net profit margin improved to 11.8%.

• CAPEX AL was EUR 131.9 million, up 12.8% year-over-year; CAPEX AL/Revenue ratio increased to 23.6%.

Outlook and guidance

• 2026 outlook unchanged: expects low single-digit revenue and adjusted EBITDA AL growth, and a low single-digit decrease in CAPEX AL compared to 2025.

• Continues to monitor and evaluate potential M&A opportunities for regional expansion.