Telekom Slovenije (TLSG) Q1 2026 earnings summary

Executive summary

• Sales revenue rose 4% year-over-year to EUR 178.7 million, driven by growth in users and IT services.

• EBITDA increased 7% to EUR 66.0 million, with a margin of 36.9%.

• Net profit reached EUR 16.0 million, up 12% compared to Q1 2025.

• Retail mobile users grew 2% to over 2 million; fixed broadband and TV connections also up 2%.

• The group continues to invest in digitalization, infrastructure, and sustainability.

Financial highlights

• Sales revenue: EUR 178.7 million (+4% YoY).

• EBITDA: EUR 66.0 million (+7% YoY); EBITDA margin: 36.9%.

• EBIT: EUR 21.6 million (+13% YoY); EBIT margin: 12.1%.

• Net profit: EUR 16.0 million (+12% YoY).

• Investments: EUR 58.6 million (+52% YoY).

Outlook and guidance

• No revision to 2026 business objectives; risks are being managed.

• Strategic focus on digital services, infrastructure utilization, and cost optimization.

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