Telekom Slovenije (TLSG) Q1 2025 earnings summary

Executive summary

• Achieved sales revenue of EUR 171.7 million, up 2% year-over-year, driven by growth in user numbers and increased IT and eCommerce sales.

• Net profit rose 18% to EUR 14.3 million, with EBITDA up 4% to EUR 61.8 million and an EBITDA margin of 36%.

• Retail mobile users reached 1,979,861 (+4%), and fixed broadband/TV connections grew 4% to 317,447.

• Continued focus on digital transformation, operational efficiency, and sustainability, with strategic targets for 2025 including EUR 726.2 million in sales and EUR 248.9 million EBITDA.

Financial highlights

• Sales revenue: EUR 171.7 million (+2% YoY); operating expenses: EUR 153.8 million (+1% YoY).

• EBITDA: EUR 61.8 million (+4% YoY); EBIT: EUR 19.2 million (+4% YoY).

• Net profit: EUR 14.3 million (+18% YoY); net financial debt: EUR 376.3 million.

• Investments: EUR 38.6 million, down from EUR 45.8 million YoY.

• TLSG share price rose 19.61% in Q1 2025, closing at EUR 91.50.

Outlook and guidance

• 2025 targets: sales revenue EUR 726.2 million, EBITDA EUR 248.9 million, net profit EUR 53.6 million, investments EUR 218.4 million.

• Strategic plan aims for EBITDA of EUR 280 million and net profit of EUR 83 million by 2028.

• Dividend policy: payout of 30–50% of net profit, subject to financial position and investment needs.