Telekom Austria (TKA) AGM 2025 summary

Opening remarks and agenda

• AGM opened with a welcome to shareholders, board members, auditors, and staff, celebrating the 25th anniversary on the Vienna Stock Exchange.

• The meeting agenda was confirmed with no amendments, and all required documents were made available in advance.

• The AGM was broadcast via livestream and included simultaneous interpretation for attendees.

Financial performance review

• Group revenue increased by 3% to over EUR 5.4 billion, with EBITDA surpassing EUR 2 billion for the first time, up 5%.

• Earnings per share reached EUR 0.94, and the company maintained a strong credit rating (AAA/A-).

• Free cash flow rose by over 60% to nearly EUR 600 million, and net debt was reduced to EUR 280 million.

• Share price increased by 4% in 2024, with a 23% surge since the start of 2025.

• Dividend payments have doubled since 2017, with a proposed EUR 0.40 per share for 2024.

Board and executive committee updates

• Supervisory Board held seven meetings, focusing on strategy, sustainability, and efficiency amid inflation and competition.

• Audit Committee monitored internal controls, risk management, and prepared for a new auditor appointment.

• Board composition remained unchanged, with re-elections and compliance with gender quotas.