Orange Belgium Sa · EURONEXT:OBEL
Orange Belgium Sa — FY2025 Earnings Presentation
13 slides from Orange Belgium Sa's earnings presentation, Feb 6, 2026
Slide 1: FY 2025 Financial Results
Orange Belgium 6 February 2026 FY 2025 Financial Results Orange Restricted
Slide 2: Disclaimer
Disclaimer This presentation might contain forward-looking statements about Orange Belgium in particular for 2025. Although we believe these statements are based on reasonable assumptions, they are subject to numerous risks and uncertainties, including matters not yet known to us or not currently co
Slide 3: Section one: Lead the Future
Section Lead the one Future 3 Orange Restricted
Slide 4: Lead the Future_: on track and delivering our strategy
Lead the Future_: on track and delivering our strategy Leadership Through Core Excellence in Operations Durability of Enterprise Assets Customer Obsession by Model Technology, Brands and Design We care for People Value Propositions MoU with Proximus for mutual access of each other’s network in Succe
Slide 5: Section two: Commercial and Financial Results
Section Commercial two and Financial Results 5 Orange Restricted
Slide 6: FY 2025 Key achievements
FY 2025 Key achievements Revenues Commercial Financial Belgium Cable €1 963.4m Belgium -1.5% yoy customers EBITDAaL Mobile contracts excl. M2M 1.04m €566.1m +1.8%yoy +4.0% yoy 3.55m Belgium eCapex +2.5%yoy (excluding licence Net adds fees) Belgium Cable customers €375.9m Net adds +2.1% yoy Mobile co
Slide 7: FY revenues decreased by 1.5% yoy
FY revenues decreased by 1.5% yoy Revenues evolution (€ m) -1,5% 1.993,7 -17,2 -6,1 -5,7 -1,4 1.963,4 FY 2024 Convergent & Fixed only and IT&S Wholesale Equipment sales FY 2025 Mobile only Retail revenues + Other revenues service revenues 7 Orange Restricted
Slide 8: FY EBITDAaL increased by 4.0%
FY EBITDAaL increased by 4.0% EBITDAaL evolution (€ m) +4,0% 566,1 +33,1 544,3 -5,2 -6,2 FY 2024 Gross Margin Labor Indirect FY 2025 costs costs 8 Orange Restricted
Slide 9: FY 2025 eCapex increased by 2.1% yoy
FY 2025 eCapex increased by 2.1% yoy eCapex evolution(€ m) excluding licence fees +2.1% eCapex increase yoy primarily 368 376 driven by: - The successful deployment of RAN-sharing on our mobile network - The extension and upgrading of our Gigabit fixed network FY 2024 FY 2025 9 Orange Restricted
Slide 10: Guidance 2025 achieved
Guidance 2025 achieved 2025 Guidance 2025 guidance 2025 results FY 2025 EBITDAaL €545m - €565m €566m eCapex* €365m - €385m €376m * Excludes payment of licence fees 10 Orange Restricted
Slide 11: Section three: 2026 Guidance
Section 2026 three Guidance 11 Orange Restricted
Slide 12: 2026 guidance
2026 guidance 2026 Guidance EBITDAaL circa +3.5% vs 2025 eCapex* circa €360m * Excludes payment of licence fees 12 Orange Restricted
Slide 13: Section four: Q&A
Section four Q&A 13 Orange Restricted