Sonaecom (SNC) Q3 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2025 earnings summary
3 Jul, 2026Executive summary
Direct Results reached €61.5m in 9M25, with a €63.3m contribution from NOS.
Net Income (group share) was €45.5m in 9M25, impacted by negative indirect results.
Bright Pixel's active portfolio NAV stood at €341m, with a robust net cash position of €209m.
Financial highlights
Turnover for 9M25 was €12.6m, down 4.9% year-over-year; 3Q25 turnover was €3.6m, down 11.3% from 3Q24.
EBITDA for 9M25 was €55.7m, down 9.6% year-over-year; 3Q25 EBITDA was €21.4m, up 49.9% from 3Q24.
Net income group share for 9M25 was €45.5m, a 26.3% decrease year-over-year.
Net cash position improved to €209m at the end of 9M25, €42.5m above YE24.
Outlook and guidance
Management highlights a challenging Portuguese telecommunications market but expects continued operational excellence and disciplined execution.
Forward-looking statements caution about regulatory, industry, and economic uncertainties.
Latest events from Sonaecom
- Net income and cash position rose sharply on strong NOS results and investment gains.SNC
H1 20243 Jul 2026 - Net income and EBITDA surged on higher NOS contributions and non-recurring gains.SNCQ3 20243 Jul 2026
- Direct Results surged, Net Income declined, and NOS's acquisition of Claranet Portugal advances.SNCH2 20243 Jul 2026
- Net income fell sharply on lower NOS contributions, but cash position and portfolio strength remained solid.SNCQ1 20253 Jul 2026
- Net income and EBITDA declined year-over-year, but net cash position and portfolio investments grew.SNCH1 20253 Jul 2026
- Net income rose sharply to €51.6m, with stable EBITDA and strong cash position at year-end.SNCH2 20253 Jul 2026
- Net income jumped 57.4% year-over-year, driven by strong NOS and Bright Pixel performance.SNCQ1 20263 Jul 2026