Telia Lietuva (TEL1L) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 8.0% to €396.5m; adjusted EBITDA increased 9.9% to €162.7m, with a 41.0% margin, and profit grew 16.5% to €78.8m.

• Q3 revenue rose 9.7% to €137.4m and adjusted EBITDA increased 9.5% to €55.8m; profit rose 19.9% to €27.5m, while free cash flow fell 47.8% to €17.8m.

Financial highlights

• 9M EBIT increased 14.7% to €96.0m; profit before tax rose 15.8% to €94.1m, and EPS was €0.135 versus €0.116.

• 9M operating cash flow rose 8.5% to €148.2m; free cash flow declined 10.1% to €81.9m.

• 9M capital investments rose 44.8% to €56.4m; cash capex increased 45.3% to €66.6m. Q3 capital investments were €19.0m, up 24.5%.

• Q3 EBIT rose 14.1% to €33.6m and EBITDA increased 9.2% to €55.7m.

Outlook and guidance

• A €26m data center near Vilnius is scheduled for construction completion in Q2 2027; installation and testing are planned through end-2028, when two modules with over 400 racks are expected to be ready.

• 2026 mobile-network plans include €7.1m investment, 50 new base stations, modernization of 300 sites and radio upgrades at ~130 locations.

• ~85 employees across units are expected to receive proposed redundancy notices in December 2026; restructuring is planned to finish by year-end.

• Connectivity, networks and cybersecurity services are to support Lithuania’s 2027 Presidency of the Council of the European Union over six months.