Telekom Slovenije (TLSG) Q4 2024 earnings summary

Executive summary

• Achieved strong financial and operational results in 2024, surpassing all targets in mobile and fixed segments, and growing ICT solutions revenue.

• Focused on expanding user base, improving service quality, and investing in advanced infrastructure, including 5G and fibre optics.

• Maintained leadership in key market segments in Slovenia and Kosovo, with high customer satisfaction and significant network expansion.

Financial highlights

• Operating revenues reached EUR 720.0 million, up 2% year-over-year and above plan.

• EBITDA was EUR 240.3 million, a 5% increase from 2023 and 3% above plan; EBITDA margin at 33.7%.

• Net profit totaled EUR 55.2 million, up 17% from 2023 and 28% above plan.

• Total assets stood at EUR 1,338.5 million (+1.6%), equity at EUR 672.9 million (+2.2%), and net financial debt at EUR 372.9 million (+4.8%).

• Investments (CAPEX) reached EUR 219.0 million, up 16% year-over-year.

Outlook and guidance

• Strategic Business Plan 2024–2028 targets continued growth, technological leadership, and carbon neutrality (Scopes 1 and 2) by 2028.

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

• Plan to cover 99% of Slovenia’s population with 5G by end of 2025.