Telia Lietuva (TEL1L) Q3 2025 earnings summary

Executive summary

• Service revenue increased by 4.2% in the first nine months of 2025, driven by growth in mobility, IT, and Internet services.

• 5G coverage expanded to 95% of Lithuania, now available to pre-paid users.

• Major network upgrades and new digital services, including a cybersecurity app and real-time text for accessibility, were launched.

• Organizational restructuring will merge Technology and Digital Transformation, and Legal and HR units from November 2025 to streamline management.

• Free cash flow for January–September 2025 was 8.3% higher than the previous year.

Financial highlights

• Revenue for 9 months of 2025 rose 1.9% to €367.0m; adjusted EBITDA up 9.5% to €148.0m; net profit up 25.5% to €67.7m year-over-year.

• Q3 2025 revenue was €131.0m (+9.6% y-o-y); EBITDA (excl. non-recurring) €48.3m (+3.0% y-o-y); net profit €22.9m.

• Adjusted EBITDA margin for the nine months reached 40.3%.

• Free cash flow for the nine months was €91.1m, up 8.3% year-over-year.

• Dividend of €0.11 per share for 2024 was paid in May 2025.

Outlook and guidance

• Continued focus on expanding 5G, fiber-optic upgrades, and digital service offerings.

• Ongoing organizational streamlining and investments in cybersecurity to enhance efficiency and resilience.