Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Q2 2026 Earnings Presentation
15 slides from Magyar Telekom Telecommunications's earnings presentation, Aug 5, 2026
Slide 1: Magyar Telekom Group Q2 2026 Results Presentation
Magyar Telekom Group Q2 2026 Results Presentation August 5, 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: Strategic progress underpins FY 2026 delivery
Strategic progress underpins FY 2026 delivery Continued investment strengthens 4.2 million gigabit-capable access points in Hungary network quality and future growth 2G migration completed 2.8% y-o-y service revenue growth in Hungary in Q2 2026 Strong commercial execution supports customer and reven
Slide 4: Mobile momentum driven by rising data usage and successful upselling
Mobile momentum driven by rising data usage and successful upselling Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +0.7% M2M Q2 2025 Prepaid Q2 2026 6,556 6,602 Postpaid 4,992 Blended +1.9% 5,086 23.3% 24.4% 7,994 Postpaid +3.0% 19.1% 18.3% 8,236 61.0% 58.5% 1,538 Prepaid +7.3% 1,650 57.6% 57.4% 246 M2M +1
Slide 5: Continued fiber uptake drives fixed market growth
Continued fiber uptake drives fixed market growth Broadband, TV and fixed voice quarterly customer net adds Fixed voice, BB and TV ARPU Q2 2025 ‘000 ViDaNet decons. impact Q2 2026 HUF 12 16 16 13 12 5,589 7 8 11 8 8 Fixed BB +3.1% 5,761 -17 -16 -15 -15 -20 -45 4,334 -43 Pay TV +0.5% 4,354 -10 Q2 Q3
Slide 6: Revenue growth affected by lower handset exports and IT sales
Revenue growth affected by lower handset exports and IT sales Revenue, Q2 2025 vs Q2 2026 995 HUF bn +0.8% 990 985 3.0 248 980 975 246 0.9 970 -2.5 2.6 244 243.3 -1.4 -0.6 242 241.3 0 Q2 2025 Mobile service Fixed service Equipment from Equipment from SI/IT Other Q2 2026 customer sales third-party ex
Slide 7: EBITDA AL affected by the absence of one-off gains
EBITDA AL affected by the absence of one-off gains EBITDA AL, Q2 2026 vs Q2 2025 HUF bn 104 -0.7% 1,8 103 -0.3 -0.2 102 101.5 0,3 100.9 101 -2.1 0 Q2 2025 Gross profit Employee Other opex Operating income IFRS 16 impact Q2 2026 related expenses • Gross profit growth driven by favorable service reven
Slide 8: Adjusted net income affected by base effects
Adjusted net income affected by base effects Net income (and adjusted net income), Q2 2026 vs Q2 2025 HUF bn -1.5% 57.0 1.8 56.5 56.2 56.0 -0.6 56.0 55.9 -0.1 0.2 55.5 55.0 55.0 -0.9 0.0 -1.2 0.0 Q2 2025 Adj. Adj.* Q2 2025 EBITDA D&A Net financial Income tax Non-contr. Q2 2026 Adj.* Q2 2026 Adj. net
Slide 9: H1 2026 free cash flow improvement reflects EBITDA uplift
H1 2026 free cash flow improvement reflects EBITDA uplift Free cash flow H1 2026 vs H1 2025 Capex AL, H1 2026 vs H1 2025 HUF bn HUF bn 120 70 15,1 68.1 5.2% 65 13,8 7.7% 60 5,0 1,3 53.0 3,1 -5.3 1,0 90.5 55 86.0 49.2 -8.1 50 -2.5 80 0 0 H1 2025 EBITDA Working Capex Other CF Other H1 2026 H1 2025 Net
Slide 10: 2026 guidance confirmed
2026 guidance confirmed 2025 results 2026 guidance H1 2026 results (change y-o-y) HUF HUF Revenue low-single-digit growth 983.9 bn 481.4 bn (-0.3%) HUF HUF EBITDA AL 386.8 bn mid-single-digit growth 202.3 bn (+1.6%) HUF HUF Adjusted Net Income 207.4 bn ca 10% growth 113.7 bn (+2.9%) HUF HUF HUF FCF1
Slide 11: Appendix
Appendix
Slide 12: Mobile KPIs
Mobile KPIs Postpaid customers Prepaid customers M2M ‘000 3,779 3,771 3,790 3,773 3,787 ‘000 ‘000 1,524 1,553 1,589 1,598 1,610 1,253 1,245 1,231 1,212 1,206 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Average mobile data us
Slide 13: Fixed KPIs
Fixed KPIs Fixed voice customers Fixed broadband customers Pay TV customers ‘000 ‘000 1,633 1,649 1,665 1,678 1,690 ‘000 1,381 1,390 1,401 1,409 1,417 1,151 1,134 1,119 1,104 1,084 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Slide 14: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q2 2026 vs Q2 2025 EBITDA AL, Q2 2026 vs Q2 2025 HUF bn +0.8% HUF bn -6.0% 20.1 8.4 0.7 8.4 20.25 8.3 20.00 0.0 8.2 19.75 19.50 -0.5 8.0 19.25 -0.3 19.00 18.9 7.8 18.75 -0.4 -0.6 0.00 0.0 Q2 2025 Mobile Fixed SI/IT Q2 2026 Q2 2025 Gross profit Indirec
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
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