Hrvatski Telekom D.d. · ZSE:HT
Hrvatski Telekom D.d — Q1 2026 Earnings Presentation
16 slides from Hrvatski Telekom D.d's earnings presentation, 2026
Slide 1: Hrvatski Telekom Q1 2026 Results
_ HRVATSKITELEKOM TE | izo3s RESULTS
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: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS BUSINESS DEVELOPMENT FINANCIALS CAPITAL ALLOCATION ▪ Maintained growth momentum ▪ Revenue up by 1.6% YoY ▪ Proposed EUR 1.69 dividend, 3.0% YoY ▪ Continued expanding the largest FTTH ▪ Adjusted EBITDA AL up 2.5% YoY driven growth network in Croatia by 16% YoY by solid commercial p
Slide 4: Top-line growth with improved profitability
TOP-LINE GROWTH WITH IMPROVED PROFITABILITY REVENUE Adjusted EBITDA AL¹ NET PROFIT² Continued growth momentum across Growth driven by top-line expansion, Increase reflects absence of prior-year both markets, supported by service disciplined cost management and ongoing exceptional items and improved
Slide 5: Continued investment in network leadership
CONTINUED INVESTMENT IN NETWORK LEADERSHIP NET CASH FLOW FROM OPERATIONS CAPEX AL Booked¹ Lower YoY, driven by working capital dynamics, Increase reflects seasonal investment phasing, primarily supplier payments consistent with network rollout and content contract renewals -26.1% 85.6 +4.1% 2.2 63.2
Slide 6: Mobile and ICT driving top-line growth
MOBILE AND ICT DRIVING TOP-LINE GROWTH HT CROATIA REVENUE BREAKDOWN +1.4% 246.6 250.0 +4.6% ▪ Mobile service revenue increased, supported by postpaid growth and prepaid-to-postpaid migration. Mobile service revenue Mobile non-service revenue 86.8 90.8 ▪ Mobile non-service revenue contracted, reflect
Slide 7: Mobile momentum driven by postpaid growth
MOBILE MOMENTUM DRIVEN BY POSTPAID GROWTH HT CROATIA MOBILE POSTPAID MOBILE PREPAID Postpaid customers growth supported by prepaid-to-postpaid Lower Prepaid base reflecting prepaid-to-postpaid migration. ARPU increased, reflecting upselling to higher value migration. ARPU increased driven by solid u
Slide 8: Fiber growth offsets legacy fixed decline
FIBER GROWTH OFFSETS LEGACY FIXED DECLINE HT CROATIA BROADBAND TV FIXED VOICE WHOLESALE ¹ Retail broadband lines increased Customer base remained stable Fixed voice lines continue to contract Customer base reduce, driven by supported by continued FTTH in line with industry trends. copper infrastruct
Slide 9: CT maintains growth trajectory
CT MAINTAINS GROWTH TRAJECTORY CRNOGORSKI TELEKOM REVENUE EBITDA AL¹ NET PROFIT² Supported by growth across all Growth reflects revenue development, partly Reflects strong operating performance segments. offset by higher costs. and lower D&A cost. +4.6% 21.2 22.1 +3.5% 7.7 7.9 +47.1% 1.9 1.3 EUR m E
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 in EUR million Q1 2025 Q1 2026 A26/A25 Revenue 267.6 271.9 1.6% Other operating income 0.7 1.4 96.3% Total operating revenue 268.3 273.4 1.9% OPEX AL -179.6 -175.4 -2.3% Material expenses -84.2 -81.7 -2.9% Employee benefits expenses -52.7 -50.5 -4.2% Work pe
Slide 14: Consolidated Balance Sheet Statement
CONSOLIDATED BALANCE SHEET STATEMENT At 31 Dec At 31 Mar % of change At 31 Dec At 31 Mar % of change in EUR million in EUR million 2025 2026 A26/A25 2025 2026 A26/A25 Intangible assets 386.2 386.6 0.1% Subscribed share capital 1,340.8 1,340.8 0.0% Property, plant and equipment 916.8 918.4 0.2% Reser
Slide 15: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT % of change in EUR million Q1 2025 Q1 2026 A26/A25 Profit before tax 33.2 37.5 13.1% Depreciation and amortization 68.1 73.3 7.7% Increase / decrease of current liabilities -9.1 -30.3 -232.5% Increase / decrease of current receivables 9.1 -7.3 -180.2% Increase / decr
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. — Q1 2026 Earnings Presentation on 6ix