Hrvatski Telekom D.d. · ZSE:HT
Hrvatski Telekom D.d — H1 2026 Earnings Presentation
16 slides from Hrvatski Telekom D.d's earnings presentation, Jul 24, 2026
Slide 1: Telekom H1 2026 Results
TELEKOM T | e025RESULTS 24 JULY 2026
Slide 2: Disclaimer
DISCLAIMER These materials and the oral presentation do not constitute or form part of any offer or invitation to sell or issue, or statements. Additional detailed information concerning important factors that could cause actual results to differ any solicitation of any offer to purchase or subscrib
Slide 3: H1 2026 Highlights
H1 2026 HIGHLIGHTS BUSINESS DEVELOPMENT FINANCIALS ESG & CAPITAL ALLOCATION ▪ Sustained growth across key business ▪ Revenue up by 2.6% YoY ▪ Dividend EUR 1.69 per share distributed in segments ▪ Adjusted EBITDA AL up 3.0% YoY driven July, representing 3% YoY growth and a by solid commercial perform
Slide 4: Growth accelerated in Q2, supporting FY2026 guidance
GROWTH ACCELERATED IN Q2, SUPPORTING FY2026 GUIDANCE REVENUE Adjusted EBITDA AL¹ NET PROFIT² Continued service revenue growth Top-line expansion, cost discipline and Improved operating performance and lower supported by commercial momentum ongoing transformation initiatives. Margin exceptional items
Slide 5: Front-loaded investment and working-capital weighed on H1 cash flow
FRONT-LOADED INVESTMENT AND WORKING-CAPITAL WEIGHED ON H1 CASH FLOW NET CASH FLOW FROM OPERATIONS CAPEX AL BOOKED¹ Lower YoY, primarily reflecting working capital timing Higher investment reflects network rollout phasing, and supplier payment dynamics. content contract renewal dynamics and data cent
Slide 6: Mobile services and system solutions drove revenue growth in Croatia
MOBILE SERVICES AND SYSTEM SOLUTIONS DROVE REVENUE GROWTH IN CROATIA HT CROATIA REVENUE BREAKDOWN +2.5% 500.8 513.2 +4.4% ▪ Mobile service revenue increased, supported by postpaid Mobile service revenue growth, prepaid-to-postpaid migration and higher ARPU. Mobile non-service revenue 183.4 191.5 Fix
Slide 7: Postpaid base & ARPU growth sustained mobile momentum
POSTPAID BASE & ARPU GROWTH SUSTAINED MOBILE MOMENTUM HT CROATIA MOBILE POSTPAID MOBILE PREPAID Postpaid customer growth remained strong, while ARPU Prepaid customer base reflects continued migration benefited from higher-value tariffs and price adjustments. towards higher-value postpaid offers, whi
Slide 8: Fiber migration continued, legacy decline constrained total fixed growth
FIBER MIGRATION CONTINUED, LEGACY DECLINE CONSTRAINED TOTAL FIXED GROWTH HT CROATIA BROADBAND TV FIXED VOICE WHOLESALE ¹ Retail broadband customer base TV customer base remained Fixed voice customer base remained Wholesale customer base reflects the continued to grow, supported by resilient, with IP
Slide 9: CT continues its growth momentum
CT CONTINUES ITS GROWTH MOMENTUM CRNOGORSKI TELEKOM REVENUE EBITDA AL¹ NET PROFIT² Revenue growth across key business Revenue growth and disciplined execution Strong operating performance and segments. supported improved profitability. lower D&A. +4.4% Q2: Q2: Q2: 46.0 4,2% +5.6% 7,5% 34% 44.1 15.8
Slide 10: Unchanged Group 2026 Outlook
UNCHANGED GROUP 2026 OUTLOOK 2025 RESULTS OUTLOOK 2026 vs. 2025 REVENUE EUR 1,142 million Low-single-digit increase ADJ. EBITDA AL EUR 430 million Low-single-digit increase CAPEX AL¹ EUR 268 million Low-single-digit decrease HT is monitoring and evaluating HT is monitoring and evaluating REGIONAL EX
Slide 11: Q&A
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Slide 12: Appendix
APPENDIX UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
Slide 13: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT % of change % of change in EUR million H1 2025 H1 2026 Q2 2025 Q2 2026 A26/A25 A26/A25 Revenue 544,5 558,9 2,6% 276,9 286,9 3,6% Other operating income 3,4 2,4 -28,3% 2,6 1,0 -63,4% Total operating revenue 547,8 561,3 2,5% 279,5 287,9 3,0% OPEX AL -362,6 -362,8 0,0% -18
Slide 14: Consolidated Balance Sheet Statement
CONSOLIDATED BALANCE SHEET STATEMENT % of % of At 31 Dec At 30 Jun At 31 Dec At 30 Jun in EUR million change in EUR million change 2025 2026 2025 2026 A26/A25 A26/A25 Intangible assets 386,2 375,6 -2,7% Subscribed share capital 1.340,8 1.340,8 0,0% Property, plant and equipment 916,8 942,4 2,8% Rese
Slide 15: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT % of change % of change in EUR million H1 2025 H1 2026 Q2 2025 Q2 2026 A26/A25 A26/A25 Profit before tax 72,6 81,9 12,9% 39,4 44,4 12,7% Depreciation and amortization 136,9 142,3 3,9% 68,8 68,9 0,2% Increase / decrease of current liabilities 17,4 -25,4 -245,7% 26,6 4
Slide 16: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS IR Phone IR E-mail + 385 1 4911 114 ir@t.ht.hr IR Webpage Corporate Contact www.t.ht.hr/en/investor-relations Hrvatski Telekom d.d Radnička cesta 21 10000 Zagreb
Hrvatski Telekom d.d. — H1 2026 Earnings Presentation on 6ix