Telekom Austria Ag · VIE:TKA
Telekom Austria — Q4 2025 Earnings Presentation
20 slides from Telekom Austria's earnings presentation, Feb 10, 2026
Slide 1: Results for Q4 and FY 2025
Draft for internal discussion Results for Q4 and FY 2025 February, 10 2026 1 1
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forwa
Slide 3: Highlights 2025
Highlights 2025 Key figures 2025 +3.0% -5.6% +2.0% +3.7% 5.577 EUR mn 779 EUR mn 2.062 EUR mn 596 EUR mn Total revenues CAPEX excl. spectrum EBITDA Free cash flow Market highlights Outlook 2026 ▪ Strong net add development ▪ Total revenue growth : +2-3% yoy FY’25: >250k mobile core postpaid ▪ CAPEX
Slide 4: Highlights Q4 2025
Highlights Q4 2025 Key figures Q4 2025 +1.1% +1.7% +5.4% 1.492 EUR mn 1.175 EUR mn Total revenues Service revenues EBITDA adjusted Market highlights ▪ Serbia: 5G launched in December, spectrum acquired for 100 EURm in November 2025 ▪ North Macedonia: new entrant ▪ A1 digital started in Spain Percent
Slide 5: Customer development
Customer development Internet@Home Postpaid Mobile Core Postpaid 1.9% 5.5% 73 4.059 13.997 134 237 3.847 13.742 46 18 -42 Q4 2024 AUT International Q4 2025 Q4 2024 AUT International Q4 2025 BBI Cube Internet@Home postpaid: including fixed broadband internet (BBI) and postpaid mobile Wifi routers 5
Slide 6: Main Financials Q4 2025
Main Financials Q4 2025 Total Revenues Service Revenues EBITDA 1.492 EUR mn 1.175 EUR mn 500 EUR mn EBITDA excl. restructuring and one-offs 9.3% 6.6% 9.2% 1.1% 1.7% 5.4% 1.7% -2.9% -3.9% -4.7% -5.0% -1.9% * * A1 Group Austria International A1 Group Austria International A1 Group Austria Internationa
Slide 7: Q1-Q4'25: Service revenue growth on the back of mobile core, solutions & connectivity business, broadband and TV
Q1-Q4´25: Service revenue growth on the back of mobile core, solutions & connectivity business, broadband and TV Service Revenues 4.588 EUR mn +1,9% +86 mn 4.588 4.502 2024 Mobile core Cubes Fixed BB + TV Fixed Voice IC Sol. & Conn. VR/NR Other Rev. 2025 Cubes: Mobile WIFI routers and data boxes; VR
Slide 8: Q1-Q4'25: EBITDA growth driven by service revenues and cost control
Q1-Q4´25: EBITDA growth driven by service revenues and cost control despite higher spending on market and customer activities EBITDA 2.062 EUR mn +2.0% +41 mn reported +3.7% +78 mn 2.175 2.097 -96 -13 -17 2.062 89 2.021 2024 rep. Restr. One-offs 2024 adj. Mobile Fixed Other Equipment CORE 2025 adj.
Slide 9: Free Cash Flow
Free Cash Flow Unless otherwise stated, all amounts in EUR mn Q4 2025 Q4 2024 Δ FY 2025 FY 2024 Δ Q1-Q4 2025 EBITDA 500 515 -3% 2,062 2,021 2% Restructuring 25 26 -4% 102 91 12% Free Cash Flow in Q1-Q4 2025 increase: Lease paid (106) (100) 6% (412) (389) 6% • better operational result, Income taxes
Slide 10: Focus Points
Focus Points 10 14
Slide 11: Unlocking growth with an expanding digital solutions portfolio
Unlocking growth with an expanding digital solutions portfolio Total Revenues ICT Gross EUR mn Scaling New +20% yoy in 2025 +19% CAGR Opportunities 573 Unlock SME Potential • Target and expand in the SME segment +33% CAGR Scale & Specialise • B2B Delivery Center launched 2025 285 • Unified Business
Slide 12: A1 Austria | Multitechnology investments and customer focus within robust OPEX framework
A1 Austria | Multitechnology investments and customer focus within robust OPEX framework Multitechnology Strategy Fiber 987.000 • Technology-agnostic approach homes passed • Fiber roll-out adapted to regulatory and market 4G 99% environment 5G 86% Commercial and Operational Priorities +18k +4k net a
Slide 13: Outlook
Outlook 13 14
Slide 14: Revenues, CAPEX and Dividend outlook
Revenues CAPEX +2-3% ~ EUR 750 mn p.a. Dividend 42 EURc +2 EURc yoy CAPEX excluding spectrum and M&A; 15 14 Dividend proposal to the AGM 2026 for the financial year 2025, subject to Supervisory Board approval
Slide 15: Appendix
Appendix 15 14
Slide 16: Main Financials Q1-Q4 2025
Main Financials Q1-Q4 2025 Total Revenues Service Revenues EBITDA 5.577 EUR mn 4.588 EUR mn 2.062 EUR mn EBITDA excl. restructuring and one-offs 7.7% 8.8% 9.5% 8.8% 1.9% 3.0% 3.7% 2.0% -3.3% -1.9% -4.9% -2.5% A1 Group Austria * International A1 Group Austria * International A1 Group Austria Internat
Slide 17: Customer development
Customer development Mobile subscribers (in thousand) RGUs (in thousand) Group ARPU and ARPL op.* +1.7% y-o-y -4.4% 6,352 6,379 6,395 6,412 6,460 29,289 30,179 27,122 27,588 28,306 31% 32% 32% 32% 33% -0.6% 26.3 27.5 86% 87% 87% 87% 88% 44% 44% 44% 44% 44% 11.5 11.5 25% 24% 24% 23% 23% Q4 2024 Q1 20
Slide 18: P&L Q4 and FY 2025
P&L Unless otherwise stated, all amounts in EUR mn Q4 2025 Q4 2024 Δ FY 2025 FY 2024 Δ Q4 and FY 2025 Revenues 1,492 1,476 1% 5,577 5,413 3% OPEX (992) (961) 3% (3,515) (3,391) 4% Total OPEX EBITDA 500 515 -3% 2,062 2,021 2% • Increase in FY due to higher cost of equipment Margin 33.5% 34.9% –1.4pp
Slide 19: Conservative financial policy and investment-grade ratings
Conservative financial policy and investment-grade ratings As of December 31, 2025 Overview (December 31, 2025) Lines of credit (December 31, 2025) Credit ratings • Total financial debt: EUR 754 mn • Total committed lines: EUR 1,315 mn A3/A- • Average cost of debt: 1.50% o Average term to maturity:
Slide 20: End of Presentation
20 20 End of Presentation Draft for internal discussion