KPN delivers on Connect, Activate & Grow strategy

• Executing against Connect, Activate & Grow strategic objectives; reaffirming 3-3-7 CAGR ambitions for the full plan period

• Fiber roll out continues at a more moderate pace; focus shifting from infrastructure expansion to connecting and activating households

• Capex to decline to below € 1bn in 2027, stable thereafter

• KPN’s transformation programs accelerating, targeting ~€ 100m net indirect Opex savings annually by 2030 (vs. 2025)

• ESG leadership sustained, with continued progress on our #BetterInternet mission

• Capital allocation policy reiterated, returning full FCF to shareholders

• Rebasing dividend to ~80% of FCF as of 2026, remainder through SBBs; DPS growth projected at ~14% CAGR (2025–2027) vs. ~7% previously

• Beyond 2027: targeting mid-single-digit annual FCF growth, supporting continued increases in shareholder returns        
  

Program

12:45 CET: Registration of attendees
13:00 CET: Webcast

A link to the webcast and all related documents will be published on KPN’s website ir.kpn.com.

Formal disclosures:

Royal KPN N.V.
Head of IR: Matthijs van Leijenhorst
Inside information: Yes
Topic: KPN delivers on Connect, Activate & Grow strategy
5/11/2025; 7:30h
KPN-N

Attachment

• KPN Strategy Update 2025 Press release