Telekom Slovenije (TLSG) Q4 2025 earnings summary

Executive summary

• Achieved strong financial and operational results in 2025, with growth in revenue, EBITDA, and net profit year-over-year, exceeding annual targets in key segments.

• Completed major network modernization, achieving 99.1% 5G coverage in Slovenia and significant expansion of fibre-optic infrastructure.

• Maintained leadership in mobile, fixed broadband, and IPTV markets in Slovenia; IPKO led in Kosovo's mobile segment.

• Continued focus on digital transformation, sustainability, and user experience, with investments in AI, cyber security, and smart infrastructure.

Financial highlights

• Sales revenue rose 4% year-over-year to €740.5 million, exceeding the annual target by 2%.

• EBITDA increased 7% to €256.8 million, with a margin of 34.7%.

• Net profit grew 10% to €60.6 million, 13% above plan.

• Total assets reached €1,433.8 million (+7% YoY); equity at €708.9 million (+5%).

• Net financial debt decreased to €360.7 million; net financial debt/EBITDA ratio improved to 1.4.

• Investments (CAPEX) totaled €199.1 million, mainly in fibre and 5G networks.

Outlook and guidance

• Plans for further growth in revenue, EBITDA, and net profit in 2026, with €217.2 million earmarked for investments.

• Strategic focus on customer experience, financial stability, shareholder value, and digital transformation.

• Commitment to carbon neutrality (Scope 1 & 2) by 2028 and continued expansion of digital and sustainable services.