Hrvatski Telekom D.d. · ZSE:HT
Hrvatski Telekom D.d — Hrvatski Telekom — 9M 2025 Earnings Presentation
16 slides from Hrvatski Telekom D.d's earnings presentation, Oct 28, 2025
Slide 1: Hrvatski Telekom 9M 2025 Results
Hrvatski Telekom 9M 2025 Results 28 October 2025
Slide 2: Disclaimer
These materials and the oral presentation do not constitute or form part of any offer or invitation to sell or issue, or On 8 November 2023, HT and Iskon concluded the Merger Agreement of Iskon into HT. The merger was entered into any solicitation of any offer to purchase or subscribe for, any secur
Slide 3: Business development, financials and capital allocation highlights
BUSINESS DEVELOPMENT FINANCIALS CAPITAL ALLOCATION Growth momentum continues Revenue up by 4.0% YoY, supported by EUR 158.0m returned to shareholders Expanding the largest FTTH network in Croatia sustained service revenue momentum through combination of dividend and by +20% YoY Adjusted EBITDA AL up
Slide 4: Revenue, Adjusted EBITDA AL, Net profit
REVENUE Adjusted EBITDA AL¹ NET PROFIT² Continued service revenues growth in Top-line development and transformation of Net profit reflects operating profitability both markets. operating model, offsetting persistent development. inflationary and salary pressures. +4.0% 845.6 +3.2% 813.3 66.6 69.2 3
Slide 5: Net cash flow from operations and CAPEX AL booked
NET CASH FLOW FROM OPERATIONS CAPEX AL BOOKED¹ Positive operating results offset by working capital The growth in CAPEX reflects the continued movements due to attractive commercial expansion of fiber and mobile infrastructure. propositions. -5.0% 299.8 +12.9% 284.9 21.4 22.2 181.7 161.0 13.4 15.5 2
Slide 6: HT Croatia revenue breakdown
HT CROATIA REVENUE BREAKDOWN +4.0% • Mobile service revenue supported by postpaid growth, 776.5 prepaid-to-postpaid migration and price adjustments. 746.8 +5.4% • Mobile non-service revenue growth driven by increased market dynamics and hardware promotions. 297.7 282.4 • Fixed service revenue increa
Slide 7: HT Croatia mobile postpaid and prepaid
HT CROATIA MOBILE POSTPAID MOBILE PREPAID Postpaid customers growth supported by prepaid-to- Prepaid customer base stable, growth in attractive postpaid migration. visitors’ propositions and M2M SIMs offset ARPU increase reflects upselling to higher value tariffs migration to postpaid. and price adj
Slide 8: HT Croatia broadband, TV, fixed voice, wholesale
HT CROATIA BROADBAND TV FIXED VOICE WHOLESALE¹ BB retail lines grew due to ongoing Growth in high-value customers Fixed voice lines continued to Improving trend, still growth of FTTH expansion. Retail fiber did not fully offset contraction of contract at a modest pace. fiber did not fully offset chu
Slide 9: Crnogorski Telekom revenue, EBITDA AL, net profit
CRNOGORSKI TELEKOM REVENUE EBITDA AL¹ NET PROFIT² Growth driven mostly by mobile and Growth reflects top-line development. Driven by strong operational fixed services. performance. +3.6% 67.3 69.7 +5.9% 24.6 26.0 +35.7% 5.9 4.4 EUR m EUR m EUR m 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 Margin
Slide 10: 2024 results and outlook 2025 vs. 2024, revised outlook
2024 RESULTS OUTLOOK 2025 vs. 2024 REVISED OUTLOOK REVENUE EUR 1,102 million Low single-digit increase Low single-digit increase ADJ. EBITDA AL EUR 416 million Low single-digit increase Low single-digit increase CAPEX AL¹ EUR 243 million Low single-digit increase Around 10% increase REGIONAL HT is m
Slide 11: Q&A: To ask a question, please raise your hand
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Slide 12: Unaudited consolidated financial statements
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Slide 13: HT Group income statement
HT Group in EUR million % of change % of change 9M 2024 9M 2025 Q3 2024 Q3 2025 A25/A24 A25/A24 Revenue 813.3 845.6 4.0% 291.7 301.1 3.2% Other operating income 8.3 5.0 -39.5% 0.7 1.7 153.9% Total operating revenue 821.6 850.6 3.5% 292.4 302.8 3.6% OPEX AL -522.3 -539.0 3.2% -173.8 -176.4 1.5% Mater
Slide 14: HT Group balance sheet
At 31 Dec At 30 Sep % of change At 31 Dec At 30 Sep % of change in EUR million in EUR million 2024 2025 A25/A24 2024 2025 A25/A24 Intangible assets 394.9 379.8 -3.8% Subscribed share capital 1,359.7 1,359.7 0.0% Property, plant and equipment 868.4 893.5 2.9% Reserves 96.9 128.7 32.9% Non-current fin
Slide 15: HT Group cash flow statement
% of change % of change in EUR million 9M 2024 9M 2025 Q3 2024 Q3 2025 A25/A24 A25/A24 Profit before tax 135.3 139.6 3.2% 62.8 67.1 6.8% Depreciation and amortization 202.1 208.6 3.2% 68.4 71.7 4.8% Increase / decrease of current liabilities 12.2 2.5 -79.8% 0.2 -15.0 -6423.6% Increase / decrease of
Slide 16: Investor relations contact
IR Phone IR E-mail + 385 1 4911 114 [email protected] IR Webpage Corporate Contact www.t.ht.hr/en/investor-relations Hrvatski Telekom d.d Radnička cesta 21 10000 Zagreb