Telekom Slovenije (TLSG) Q2 2026 earnings summary

Executive summary

• Sales revenue rose 4% year-over-year to EUR 366.9 million, driven by growth in users and IT services.

• EBITDA increased 7% to EUR 134.3 million, with a margin of 36.6%.

• Net profit reached EUR 31.5 million, up 6% from the prior year.

• Retail mobile users grew 1% to nearly 2 million; fixed broadband and TV connections also increased.

• The group maintained active risk management amid geopolitical and regulatory challenges.

Financial highlights

• Operating expenses rose 2% to EUR 326.0 million year-over-year.

• EBIT increased 12% to EUR 44.4 million.

• Investments totaled EUR 106.3 million, up 20% year-over-year.

• Net financial debt stood at EUR 357.9 million.

• TLSG share price surged 56.91% in H1 2026, outperforming the SBITOP index.

Outlook and guidance

• 2026 targets: sales revenue EUR 737.3 million, EBITDA EUR 255.5 million, net profit EUR 59.9 million, investments EUR 217.2 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.