Tele Columbus (TC1) investor relations material

Executive summary

• Achieved 7.3% year-over-year internet customer growth and 10.6% quarter-on-quarter revenue increase, outperforming competitors facing customer declines.

• Internet net adds were 8,900 in Q3 2025, with nearly 50% of gross adds opting for products ≥500 Mbit/s; net adds slightly down from Q2 due to competition and reduced marketing spend.

• TV revenue and RGUs continued to decline, but momentum in internet, telephony, and B2B segments helped offset losses.

• Announced appointment of Tim Rhoenisch as new CFO effective January 2026.

• Net loss widened to €214.6 million from €133.3 million in the prior year, driven by higher interest expenses and negative financial results.

Financial highlights

• Q3 2025 revenue reached €107.2 million, up 4.7% quarter-on-quarter and year-over-year.

• Reported EBITDA increased by 1.9% year-over-year to €107.5 million, while normalized EBITDA for the first nine months of 2025 was €133.9 million, down 5.4% year-over-year.

• CapEx (excluding leasing) for Q3 2025 was €27.5 million, down 48% year-over-year; total CapEx for 9M 2025 was €112.3 million, down from €148.6 million.

• Cash position at September 30, 2025, was €67.5 million.

• Operating cash flow for 9M 2025 was €86.4 million, down 30.5% year-over-year.

Outlook and guidance

• Management is focused on liquidity preservation, cost reduction, and operational excellence, with selective capital allocation and networking capital management.

• No extraordinary cost impacts expected for Q4 2025; guidance for 2025 is reaffirmed.

• Full impact of personnel cost reductions and restructuring measures (€10–15 million annualized EBITDA uplift) expected from Q2 2026.

• New multi-year business plan to be shared in Q1 2026.

• Revenue for full year 2025 expected to decline slightly due to ongoing TV revenue headwinds, partially offset by internet and telephony growth.