Telekom Slovenije (TLSG) Q2 2025 earnings summary

Executive summary

• Sales revenue increased by 2% year-over-year to EUR 354.2 million, driven by growth in mobile users and IT services.

• EBITDA rose 4% to EUR 125.8 million, with an EBITDA margin of 35.5%.

• Net profit remained stable at EUR 29.6 million compared to the same period last year.

• The Group surpassed one million mobile users in Slovenia and expanded fixed broadband and TV connections by 4%.

Financial highlights

• Operating expenses increased by 2% to EUR 318.3 million year-over-year.

• EBIT reached EUR 39.5 million, up 2% from the previous year.

• Investments rose 11% to EUR 88.6 million, with significant increases in Slovenia and Kosovo.

• Net financial debt stood at EUR 397.1 million, with a debt/equity ratio of 58.6%.

• EPS for the Group was EUR 0.89, up 20% year-over-year.

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.