15 slides from Magyar Telekom Telecommunications's earnings presentation, May 12, 2026
Slide 1: Magyar Telekom Group Q1 2026 Results Presentation
Magyar Telekom Group Q1 2026 Results Presentation May 12, 2026
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: Q1 2026: strategic execution driving resilient financial performance
Q1 2026: strategic execution driving resilient financial performance Network & Investments ✓ Continued expansion of fiber footprint ✓ Successful renewal of 2100 MHz frequency license on favorable terms ✓ Expansion of data center capacity support growth and capabilities ✓ Attractive propositions and
Slide 4: Rising data usage drives positive momentum in mobile
Rising data usage drives positive momentum in mobile Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +1.8% M2M Q1 2025 Prepaid Q1 2026 6,464 6,583 Postpaid 4,912 Blended +2.1% 5,014 22.1% 24.3% 7,840 Postpaid +4.0% 19.5% 18.4% 8,152 61.0% 58.5% 1,401 Prepaid +6.8% 1,497 58.4% 57.3% 243 M2M +4.5% 254 March 20
Slide 5: Continued fiber uptake underpinning fixed market growth
Continued fiber uptake underpinning fixed market growth Broadband, TV and fixed voice quarterly customer net adds Fixed voice, BB and TV ARPU Q1 2025 ‘000 ViDaNet decons. impact Q1 2026 HUF 13 12 16 16 13 5 566 7 8 11 8 Fixed BB +3.0% 5 733 -20 -17 -16 -15 -15 -20 -45 4 324 -43 Pay TV +0.5% 4 346 -1
Slide 6: Revenue trajectory affected by lower handset export and IT sales
Revenue trajectory affected by lower handset export and IT sales Revenue, Q1 2025 vs Q1 2026 995 HUF bn 990 -1.5% 985 250 3.5 980 248 975 3.9 0.1 246 970 244 241.6 242 -6.2 240 238.1 238 -3.7 -1.3 0 Q1 2025 Mobile service Fixed service Equipment from Equipment from SI/IT Other Q1 2026 customer sales
Slide 7: EBITDA AL growth supported by gross profit improvement
EBITDA AL growth supported by gross profit improvement EBITDA AL, Q1 2026 vs Q1 2025 HUF bn 4.0% 103 5,3 102 0,1 101.4 101 -1.1 -0.3 -0.1 100 99 98 97.5 0 Q1 2025 Gross profit Employee Other opex Operating income IFRS 16 impact Q1 2026 related expenses • Gross profit growth driven by strong service
Slide 8: Net income growth driven by EBITDA expansion
Net income growth driven by EBITDA expansion Net income (and adjusted net income), Q1 2026 vs Q1 2025 7.5% HUF bn 1,4 60 59.0 58.7 4,0 58 -1.0 0,0 -0.3 0,4 56 54.6 54.2 54 -0.4 0 Q1 2025 Adj. Adj.* Q1 2025 EBITDA D&A Net financial Income tax Non-contr. Q1 2026 Adj.* Q1 2026 Adj. net income result In
Slide 9: Free cash flow improvement reflects EBITDA uplift
Free cash flow improvement reflects EBITDA uplift Free cash flow Q1 2026 vs Q1 2025 Capex AL, Q1 2026 vs Q1 2025 HUF bn HUF bn 40 24.8% 45 15,1 40.4 6.9 40 1.7 35.6 35 17.9% 4.0 -2.0 30 4,6 -0.3 -0.5 25.3 28.5 25 21.5 -3.5 20 0 0 Q1 2025 EBITDA Working Capex Payments Other Q1 2026 Q1 2025 Network No
Slide 10: 2026 guidance upgraded
2026 guidance upgraded 2025 results Updated 2026 guidance Q1 2026 results (change y-o-y) HUF HUF Revenue low-single-digit growth 983.9 bn 238.1 bn (-1.5%) HUF HUF EBITDA AL 386.8 bn mid-single-digit growth 101.4 bn (+4.0%) HUF HUF Adjusted Net Income 207.4 bn ca 10% growth 58.7 bn (+7.5%) HUF HUF HU
Slide 11: Appendix
Appendix
Slide 12: Mobile KPIs
Mobile KPIs Postpaid customers Prepaid customers M2M ‘000 3,774 3,779 3,771 3,790 3,773 ‘000 ‘000 1,524 1,553 1,589 1,598 1,431 1,260 1,253 1,245 1,231 1,212 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Average mobile data us
Slide 13: Fixed KPIs
Fixed KPIs Fixed voice customers Fixed broadband customers Pay TV customers ‘000 ‘000 1,666 1,633 1,649 1,665 1,678 ‘000 1,418 1,381 1,390 1,401 1,409 1,178 1,151 1,134 1,119 1,104 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Slide 14: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q1 2026 vs Q1 2025 EBITDA AL, Q1 2026 vs Q1 2025 HUF bn HUF bn -3.5% -0.4% 8.1 19.45 0.0 8.1 19.4 19.40 8.0 0.0 19.3 7.9 19.35 0.1 7.8 7.8 19.30 -0.1 0.0 -0.3 0.00 0.0 Q1 2025 Mobile Fixed SI/IT Q1 2026 Q1 2025 Gross profit Indirect costs IFRS 16 impa
Slide 15: 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