Magyar Telekom (MTELEKOM) Investor Presentation summary

Company overview and market position

• Operates integrated ICT services in Hungary and North Macedonia, leading in both telecom and SI/IT markets.

• Majority owned by Deutsche Telekom, with a €3.8bn market cap and primary listing in Budapest.

• Maintains stable leadership in Hungarian mobile, fixed broadband, and TV markets, with increasing shares in broadband and TV.

• Offers a full spectrum of fixed and mobile services, with a diversified revenue mix across segments.

Financial performance and shareholder returns

• Achieved 13.9% revenue growth in 2024, reaching HUF 967.5bn, and 29.1% EBITDA AL growth to HUF 333.1bn.

• Adjusted net income rose 73.7% to HUF 162.6bn; free cash flow excluding spectrum licenses up 90.1% to HUF 165.1bn.

• Record 2024 shareholder remuneration: HUF 90.9bn dividend and up to HUF 39.1bn share buyback.

• Enhanced policy targets 60–100% of adjusted net income for annual shareholder returns from 2025.

Operational highlights and network investments

• Continued fiber rollout, now covering 3.8 million access points (~70% of Hungary), aiming for 4.5 million by 2027.

• 5G population-based outdoor coverage at 74%, targeting 99% by end-2026.

• Completed RAN modernization and full CRM system upgrade in 2024.

• Mobile data usage grew over 13% YoY, with ARPU supported by inflation-based fee adjustments.