Slide 1: Investor Presentation: Preliminary financial results for year ended December 31, 2025
Investor Presentation Preliminary financial results for the year ended December 31, 2025
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: The information in this document has been prepared by Digi Communications N.V., (the "Company“ or “DIGI”) and solely for use during the pres
Slide 3: 2025 Preliminary Results overview
3 2025 Preliminary Results overview Revenue and other income excluding extraordinary sale of assets 15% € 2,221 million ( € 1,932 million in 2024)1 YoY increase up to 32.1 m RGU 15% (+ 4.3 m RGUs 2025/2024) EBITDA excl. IFRS 16 1% € 585 million ( € 578 million in 2024) Romania RGU +9% Spain RGU +28%
Slide 4: Continued strategy execution in 2025
4 Continued strategy execution in 2025 Sustained RGU growth Continued network One year anniversary across core markets expansion Portugal and Belgium ◼ Romania: expanding the ◼ Solid RGU results reported ◼ We continued the mobile network; rolling out outstanding growth in Spain in the first year fro
Slide 5: Key developments in Q4 2025
5 Key developments in Q4 2025 Completion of acquisition of Telekom Romania Mobile Communications’ prepaid business and certain assets ◼ On 1 October 2025, DIGI Romania S.A. completed the acquisition from Telekom Romania Mobile Communications S.A. of (i) certain assets including spectrum licenses and
Slide 6: Key developments in Q4 2025 and after
6 Key developments in Q4 2025 and after The successful closing and listing of senior secured notes due 2031 by Digi Romania and redemption of 2028 notes ◼ On 29 October 2025, DIGI Romania S.A., a Romanian subsidiary of the Company has successfully closed the offering of its EUR 600 million 4.625% se
Slide 7: 2025 Market highlights
7 2025 Market highlights (€m) December 31, 2025 Romania Spain Portugal Italy and Group Total2 operations1 Revenues and other € 1,193.7 € 926.9 € 69.6 € 34.4 € 2,221.4 income3 Adjusted EBITDA € 490.7 € 175.3 € (78.7) € (2.0) € 585.2 excluding IFRS 164 RGUs (‘000) # 19,856 # 10,839 # 850 # 524 # 32,06
Slide 8: 2025 Financial highlights
8 2025 Financial highlights Group Revenues and other income (€m)2 Key considerations % Capex / Revenues 2,221 ◼ Revenues and other 46% 36% 61% 41% 1,933 15% 34 income up 15% YoY 31 70 Italy based on strong (€m) 12 customer growth in 10% 927 Spain and Romania. 783 2,221 Portugal While the revenues in
Slide 9: 2025 RGU growth
9 2025 RGU growth RGUs (‘000) per business line RGUs (‘000) per market 32,069 32,069 +15% 32,069 27,789 +15% 524 1,705 850 27,789 27,789 +7% 490 1,582 +8% Fixed-line 676 +26% 10,839 telephony Italy 16,148 8,440 +28% 13,252 Mobile services +22% Portugal Broadband Spain +13% 7,899 +9% 19,856 6,966 18,
Slide 10: Portability 2025
10 Portability 2025 Romania Spain +782.975 mobile portability +1.422.883 mobile portability Jan-Dec 2025; amounting to 53.85% of transfers made Net portability gain 783.557 nationally in 2025 +250.238 fixed portability Jan-Dec 2025; Net portability gain 210.720
Slide 11: DIGI Spain SMART footprint shows rising penetration across all cohorts
11 DIGI Spain SMART footprint shows rising penetration across all cohorts and sets the ground for structural growth Penetration rate of SMART footprint by cohort (as of Q4 2025) Key considerations >25% penetration 5 years to reach rate for initial ◼ FTTH SMART Footprint roll-out: FBB SMART customers
Slide 12: DIGI Spain accelerated growth momentum sustained into Q4 2025
12 DIGI Spain accelerated growth momentum sustained into Q4 2025 Customer growth QoQ Key considerations Fixed broadband ◼ Increased commercial traction - 2025 marks DIGI Spain’s strongest growth # of FBB subscribers (m) year ever both for: 10.4% 11.1% 11.7% 12.4% 13.1% ◼ fixed broadband (more than 1
Slide 13: DIGI Spain structural margin expansion driven by owner-economics network model
13 DIGI Spain structural margin expansion driven by owner-economics network model and MNO transition further blending into Q4 2025 Quarterly revenue evolution per product (€m) *) Key considerations ◼ Quarterly revenue increased to 249 228 236 €249m in Q4 2025, reflecting 210 216 7 12 continued custo
Slide 14: DIGI Spain owner-economics model translating into structural EBITDA uplift
14 DIGI Spain owner-economics model translating into structural EBITDA uplift Adjusted EBITDA exc. operating leases (€m) and margin (%) Chart Title Chart Title 23.1% 21.6% 20.2% 17.0% 15.9% 15.8% 15.8% 104.8 54.5 50.4 70.4 35.8 34.4 36.0 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 H1 2025 H2 2025 Q4 202
Slide 15: DIGI Spain has a Clear Path Forward with future sustainable returns
15 DIGI Spain has a Clear Path Forward with future sustainable returns… SMART Footprint Evolution (m BUPs)… Clear path to achieve 21m BUPs for the SMART Network Penetration 15.8% Penetration today at SMART Footprint c.25% in initial cohorts 21.0 13.7 High % of RGUs, with 71% better gross margin 60%
Slide 16: DIGI Spain 2026 and forward-looking guidance
16 … which supports DIGI SPAIN 2026 and forward-looking guidance Item 2026 Mid-term Revenue ▪ €1,040 –1,085m ▪ Low-teens revenue CAGR Expectation of further Adj EBITDA excl. improvement beyond mid-term as operating leases ▪ Low 20s% ▪ Targeting >30% of revenue; margin improvement front- newer cohort
Slide 17: 2025 Financial profile
17 2025 Financial profile Financial liabilities as of December 31, 20251 Maturity profile long-term loans & notes (€m) Facility Amount (€m) 600 Senior Secured Notes 600.0 Senior Facility 822.0 351 Export Credit Arrangements (ECA) 262 189.3 213 Financial leases 68.6 94 81 Other long-term debt 51 109.
Slide 18: 2025 Prospects
18 2025 Prospects Continuous growth in core markets New markets launched Romania Spain Portugal and Belgium In Romania, we continue to Spain remains DIGI’s primary improve mobile network growth engine, driven by the three- Priority for Portugal to continue to performance and enhance the pillar strat
Slide 19: Q&A
Q&A DIGI
Slide 20: Contact
Contact Investor Relations Department investor.relations@digi-communications.ro www.digi-communications.ro