Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Q2 2025 Earnings Presentation
17 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 6, 2025
Slide 1: Magyar Telekom Group Q2 2025 Results Presentation
Magyar Telekom Group Q2 2025 Results Presentation August 6, 2025
Slide 2: Disclaimer
Disclaimer This investor presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should n
Slide 3: Q2 2025 highlights
Q2 2025 highlights Network & Investments ✓ Continued service revenue growth (+2% YoY) driven by strong demand for data and broadband and ongoing investment in network infrastructure ✓ Upgrades across Hungarian mobile network resulting in 86% 5G coverage by end-June ✓ Improved profitability supported
Slide 4: Growing mobile data usage drives positive momentum in mobile segment
Growing mobile data usage drives positive momentum in mobile segment Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +2.6% M2M Q2 2024 Prepaid 6,389 6,556 4,910 Q2 2025 Postpaid Blended +1.7% 4,992 20.3% 23.3% 7,643 20.3% Postpaid +4.6% 19.1% 7,994 61.0% 58.5% 1,398 Prepaid +10.0% 1,538 59.5% 57.6% 254 M2M -
Slide 5: Fiber uptake fuels fixed market growth
Fiber uptake fuels fixed market growth Q2 2024 Fixed voice, BB and TV customers Net adds Fixed voice, BB and TV ARPU Q2 2024 ViDaNet decons. impact Q2 2025 ‘000 Q2 2025 HUF +0.7% 5,480 Fixed BB +2.0% 1,622 56 1,633 -3.8% 5,589 -45 1,435 1,381 -6.6% -11 -43 1,232 1,151 4,509 Pay TV -3.9% -71 -10 4,33
Slide 6: Service revenue growth mitigated by declines in other revenue streams
Service revenue growth mitigated by declines in other revenue streams Revenue, Q2 2025 vs Q2 2024 HUF bn +0.3% 245 3.8 244 -0.6 243 -0.9 242 241.3 241 240.6 -1.6 -0.1 0 Q2 2024 Mobile service Fixed service Equipment SI/IT Other Q2 2025 • Service revenue growth driven by continued demand for data and
Slide 7: EBITDA AL growth driven by higher gross profit, one-off incomes and expiry of supplementary tax
EBITDA AL growth driven by higher gross profit, one-off incomes and expiry of supplementary tax EBITDA AL, Q2 2025 vs Q2 2024 HUF bn 13.1% 105 9.1 2.7 101.5 100 -0.5 -1.7 -0.4 95 2.4 89.8 90 0 Q2 2024 Gross profit Supplementary Employee Other opex Other op. Income IFRS 16 impact Q2 2025 telecommunic
Slide 8: Significant rise in net income driven by EBITDA growth
Significant rise in net income driven by EBITDA growth Net income (and adjusted net income), Q2 2025 vs Q2 2024 Adjusted net income*, H1 2025 vs H1 2024 HUF bn +35% 120 110.4 HUF bn +27% 100 60 82.1 2.3 80 12.2 56.0 -0.2 55.9 55 -1.0 -0.4 -0.4 60 50 40 45 44.0 43.4 -0.6 20 0 0 Q2 2024 Adj.* Q2 2024
Slide 9: Strong free cash flow despite increase in investment levels
Strong free cash flow despite increase in investment levels Free cash flow H1 2025 vs H1 2024 Capex AL, H1 2025 vs H1 2024 HUF bn +134% 100 6.8 86.0 10.8 HUF bn 80 32.8 -1.2 +6% 60 5.7 0.6 3.4 60 46.3 49.2 40 36.7 40 -6.8 20 20 0 0 H1 2024 EBITDA Other Proceeds Other H1 2025 H1 2024 Network IT North
Slide 10: 2025 guidance upgraded
2025 guidance upgraded 2024 results Updated 2025 guidance H1 2025 results (change y-o-y) HUF HUF Revenue 967.5 bn 1-3% growth 482.9 bn (+3.9%) HUF HUF EBITDA AL 333.1 bn ca 15% growth 199.0 bn (+19.3%) HUF HUF HUF Adjusted Net Income 162.6 bn at least 200 bn 110.4 bn (+34.6%) HUF HUF HUF FCF1 165.1
Slide 11: Appendix
Appendix
Slide 12: Mobile KPIs
Mobile KPIs Postpaid customers Prepaid customers M2M ‘000 ‘000 ‘000 1,296 1,286 3,799 1,274 1,524 3,785 3,778 3,774 3,779 1,260 1,253 1,431 1,402 1,294 1,318 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2005 Q2 2024 Q3 2024 Q4 2024 Q1 2005 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Average mobile data us
Slide 13: Fixed KPIs
Fixed KPIs Fixed voice customers Fixed broadband customers Pay TV customers ‘000 ‘000 ‘000 1,666 1,435 1,440 1,438 1,418 1,232 1,214 1,197 1,654 1,381 1,178 1,151 1,637 1,633 1,622 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Slide 14: H1 2025 revenue and EBITDA AL
H1 2025 revenue and EBITDA AL Revenue, H1 2025 vs H1 2024 HUF bn +3.9% 485 4.0 0.7 0.3 482.9 15.1 480 -2.0 475 470 464.8 465 0 H1 2024 Mobile service Fixed service Equipment SI/IT Other H1 2025 EBITDA AL, H1 2025 vs H1 2024 HUF bn 19.3% 210 18.0 2.9 199.0 200 -0.1 -4.9 -0.6 190 17.0 180 170 166.8 0
Slide 15: H1 2025 net income
H1 2025 net income Net income (and adjusted net income), H1 2025 vs H1 2024 HUF bn +35% 120 4.9 32.8 110.2 0.2 110.4 110 -0.5 -3.5 -0.6 100 90 82.1 80 77.0 -5.0 0 H1 2024 Adj. Adj.* H1 2024 EBITDA D&A Net financial Income tax Non-contr. H1 2025 Adj.* H1 2025 Adj. net income result Interests net inco
Slide 16: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q2 2025 vs Q2 2024 EBITDA AL, Q2 2025 vs Q2 2024 HUF bn +4.7% HUF bn +7.9% 20,250 495 20,125 8,400 362 2 8,295 20,000 8,200 19,750 374 35 8,000 240 19,500 19,221 7,800 19,250 7,691 0 0 Q2 2024 Mobile Fixed SI/IT Q2 2025 Q2 2024 Gross profit Indirect c
Slide 17: For further questions please contact the IR team
For further questions please contact the IR team Diána Párkányi-Várkonyi Capital Market Relations Hub Lead Phone: +36 1 481-7676 Email: varkonyi.diana.annamaria@telekom.hu Rita Walfisch Investor Relations Manager Phone: +36 1 457-6084 Email: walfisch.rita@telekom.hu