Business
Zegona Holdco Limited TLB reporting as at 31/12/25
Zegona Communications plc has published its debt reporting for Zegona Holdco Limited as of December 31, 2025, detailing strong Q3 results for Vodafone Spain which indicate a second successful year of transformation. The company reported total revenues of €923 million and EBITDAaL of €313 million for the three months ending December 2025, with EBITDAaL less capex at €176 million. Net debt stood at €3.3 billion, down from €3.6 billion in September 2025. The completion of FiberCo transactions, generating €1.8 billion in upfront proceeds, will facilitate a €1.6 billion return to shareholders via a special dividend and share buyback, with the remaining €0.2 billion allocated to debt reduction, aiming for a net debt of €3.2 billion by year-end and reinforcing a leverage target of 1.5x to 2x. Disclaimer*
About this update from Zegona Communications Plc
[{"type":"text","content":"\n\nZegona Holdco Limited TLB reporting as at 31/12/25\n \n\n\n\n\n26 February 2026\n\n\nLEI: 213800ASI1VZL2ED4S65\n\n\n\n\n \nZegona Communications plc\nPublication of Zegona Holdco Limited's debt reporting as at 31 December 2025\n· Zegona is pleased to publish information in relation to Zegona Holdco Limited and its subsidiaries (\"Zegona Holdco Group\"), for the purpose of satisfying the Zegona Holdco Group's external debt reporting obligations.\n· This includes key performance indicators (KPIs) of Vodafone Spain for the three months ended 31 December 2025 as well as operational commentary summarising the strong Q3 results, which pave the way for a second successful year in Zegona's transformation of Vodafone Spain.\n· The information is set out in the appendix to this announcement.\n· The information can also be found on Zegona's website at https://www.zegona.com/investor-relations/debt-investors.aspx\n \n \nFor further information, please contact:\n \n\n\n\n\nFor investor enquiries:\n\n\nFor media enquiries:\n\n\n \n\n\n\n\nAlfonso Enríquez\n\n\nJaime De Andres\n\n\nTilly Abraham (Sodali & Co)\n\n\n\n\[email protected]\n\n\[email protected]\n\n\[email protected]\n\n\n\n\n \n \nAbout Zegona \nZegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson. In 2024, Zegona completed the acquisition of Vodafone Spain. \n\n\n\n\n \nAppendix\n \n \n\nZegona Holdco Limited (\"the Company\")\nA company incorporated in England and Wales, company number 10159604 with registered office address of\n8 Sackville Street, London, England, W1S 3DG\n \nConsolidated Financial Information\n \nUnaudited\n31 Dec 25\n \nZegona HoldCo Limited and its subsidiaries (\"the Zegona HoldCo Group\" or \"the Group\")\npresents the Group's unaudited consolidated financial information for the periods noted\nin the following pages.\n \n \nPurpose of this informa...