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Masorange (MASORANGE) investor relations material
Masorange Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Accelerated transformation from traditional telecom to technology company, expanding into new verticals such as energy, advertising, insurance, device financing, and security services.
Achieved significant milestones in Q3, including the signing of the FiberCo (PremiumFiber) deal with Vodafone and GIC, positioning as the largest FiberCo in Europe by clients and homes in Spain.
Strategic partnerships, including a de-risked energy resale model with Endesa, are driving recurring business and value creation.
Maintained high growth in B2B, especially in innovative projects like 5G private networks, and reinforced ESG leadership with top European ratings and a Clarity AI score of 82/100.
Reported consolidated net loss of €186.0 million for the nine months ended 30 September 2025.
Financial highlights
Total revenues for 9M 2025 reached €5,664 million, up 3.7% year-over-year, with service revenues up 1.5% and equipment revenues up 18.1%.
Reported EBITDA grew 12.8% to €2,171 million, with a margin of 38.3%; adjusted EBITDA increased 8.3% to €2,195 million.
Operating free cash flow rose 11.1% to €1,407 million, representing 64.1% conversion of adjusted EBITDA.
Net CapEx below 14% of revenues, with a slight increase due to the UNICO 5G project; recurring Net CapEx was €788 million, 3.6% higher year-over-year.
Net financial expenses were €712.6 million, leading to a consolidated net loss.
Outlook and guidance
2025 outlook reiterated: slight total revenue growth, run-rate synergies above €300 million, and double-digit growth in adjusted EBITDA minus recurring Net CapEx.
On track to achieve above €300 million in synergies for full year 2025, with €259 million materialized in the first nine months.
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- STC
Scalable, high-margin IT communications provider for SMBs with strong recurring revenue and growth momentum. - APAM
AUM hit $180B, strong returns and Grandview deal drove growth despite equity outflows. - GM
Disciplined transformation, resilient supply chains, and strategic EV focus drive robust results. - BTBT
Transitioned to a strategic asset model with major stakes in Ethereum and AI infrastructure. - PSX
Q4 2025 earnings hit $2.9B, with record refining yields and strong portfolio transformation. - ARCC
FY 2025 delivered $2.01 Core EPS, $1.86 net income/share, and a $0.48 Q1 2026 dividend. - HMN
Record core earnings, 12.4% ROE, and 10% EPS growth guidance for 2026. - AFG
Record underwriting profit, strong ROE, and over $700M returned to shareholders in 2025. - OXBR
Tokenized reinsurance contracts on Solana open Florida's market to global investors. - PNDORA
2025 organic growth reached 6%, with EBIT margin at 23.9% and cautious 2026 outlook.
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