Telekom Slovenije (TLSG) Q3 2025 earnings summary

Executive summary

• Achieved 2% growth in mobile users and 4% growth in fixed broadband and TV connections year-over-year to September 2025.

• Sales revenue rose 3% to €546.5 million, EBITDA increased 4% to €192.7 million, and net profit grew 3% to €47.9 million compared to the same period last year.

• EBITDA margin reached 35.3%, and EBIT increased 5% to €63.6 million year-over-year.

• Company expects to exceed initial 2025 targets, projecting €731 million in sales, €250 million EBITDA, and €57 million net profit for the full year.

Financial highlights

• Revenue: €546.5 million (+3% YoY); EBITDA: €192.7 million (+4% YoY); EBIT: €63.6 million (+5% YoY); Net profit: €47.9 million (+3% YoY).

• Investments totaled €135.4 million, down from €157.2 million in the prior year period.

• Dividend payout of €4.00 per share, totaling €25.99 million, with the remainder of 2024 profit carried forward.

• TLSG share price rose 24.18% YTD, outperforming the prior year but lagging the SBITOP index.

Outlook and guidance

• Full-year 2025 guidance raised: sales revenue expected at €731 million, EBITDA at €250 million, and net profit at €57 million.

• Strategic plan targets €280 million EBITDA and €83 million net profit by 2028, with €951 million in investments over 2024–2028.

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