Magyar Telekom Telecommunications Plc · BET:MTELEKOM
Magyar Telekom Telecommunications — Magyar Telekom — Investor Presentation (March 2026)
28 slides from Magyar Telekom Telecommunications's investor presentation, March 2026
Slide 1: Magyar Telekom Investor Presentation
Magyar Telekom Investor Presentation March 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: Magyar Telekom at a glance
Magyar Telekom at a glance Overview 2025 revenue composition Integrated ICT operations Other Mobile voice • Leading telecommunications service provider in both North Macedonia 7% 14% countries 8% • Leading SI/IT service provider in Hungary IT • Offering full spectrum of fixed and mobile services 9%
Slide 4: Financial highlights of 2025
Financial highlights of 2025 Revenue EBITDA AL Adjusted net income Free cash flow 984 bn HUF 387 bn HUF 207 bn HUF 221 bn HUF Earnings per share Dividend per share Share buyback Net debt 233 HUF 154 HUF 50 bn HUF 248 bn HUF 4
Slide 5: Investment Highlights
Investment Highlights
Slide 6: Three-pronged strategy for continued success
Three-pronged strategy for continued success NETWORK & INVESTEMENTS Differentiate via leading network experience by ensuring seamless connectivity CUSTOMERS Grow by monetizing high-quality networks & services that enhance digital life & business with Magenta Advantage, providing outstanding customer
Slide 7: More favourable environment with sector-specific tax removals
More favourable environment with sector-specific tax removals Key macroeconomic indicators • Inflation was 4.4% in 2025 but dropped in Consumption of HH-s Consumption of GOV January 2026 (2.1% YoY) 20% 17.6% 14.5% Inflation • GDP stagnated YoY in 2025, as moderate 15% 3.7% Net export growth in house
Slide 8: Strong market leading position
Strong market leading position Mobile voice SIM market share1 Mobile data SIM market share1 % % 60 60 40 40 Stable leading position in the 20 20 Hungarian mobile market 0 0 2019 2020 2021 2022 2023 2024 June 2019 2020 2021 2022 2023 2024 June 2025 2025 Fixed broadband market share2,3 TV market share
Slide 9: Outstanding networks: a critical differentiator
Outstanding networks: a critical differentiator Continuous investment into our fixed network Facilitating growing mobile data usage # of access points (th) Total monthly mobile traffic (GB thousand) 5 000 4 538 4 576 4 730 90 000 4 259 4 374 4 435 4 194 14% 80 000 4 000 20% 17% 31% 23% 70 000 19% 41
Slide 10: Consistent improvement in revenue and profitability
Consistent improvement in revenue and profitability Magyar Telekom revenues Seamless connectivity experience HUF bn 7.9% 7.7% 964 984 1,000 849 Nort Macedonia 800 746 Strong brand, excellent servicing & more- 673 693 Other for-more pricing strategy 600 SI/IT 400 Fixed service Mobile service 90% of E
Slide 11: Successful delivery against 2025 financial targets
Successful delivery against 2025 financial targets 2025 guidance 2025 results (change y-o-y) HUF Revenue 1%-3% growth 983.9 bn (+1.7%) HUF EBITDA AL ca 15% growth 386.8 bn (+16.1%) HUF HUF Adjusted Net Income at least 200 bn 207.4 bn (+27.5%) HUF HUF FCF1 at least 200 bn 220.9 bn (+33.8%) 1 excludin
Slide 12: 2026 guidance
2026 guidance 2026 guidance ~300,000 new fiber access points Revenue low-single-digit growth Enhanced customer service and continued streamlining of offer portfolio EBITDA AL low-single-digit growth Operational improvements leveraging data & AI solutions Adjusted Net Income mid-single-digit growth F
Slide 13: Sustainable practices underpin strategic initiatives
Sustainable practices underpin strategic initiatives Digitalization of Hungary Climate Protection Digital inclusion & education • 5G coverage Scope 1 & 2 Digital inclusion • Gigabit access • Carbon neutrality (since 2015) • Education platforms • Consultancy • Green energy • Child protection • Energy
Slide 14: Committed to delivering sustainable shareholder value
Committed to delivering sustainable shareholder value Record shareholder remuneration for 2025 Enhanced policy for 2025 and beyond • cash dividend of HUF 136.4 billion* (HUF 154 dividend per share) • Target annual shareholder remuneration: 60% - 100% of consolidated adjusted net income, up from 60%
Slide 15: 2025 Results
a— ZA 2025 Results
Slide 16: 2025 Hungarian Highlights
2025 HUNGARIAN HIGHLIGHTS 86% population based | access points outdoor 5G coverage Qe f >4 million gigabit 1.6 million fast access customers 1.6 million Magenta Moments clients Operation Support System transformation | Broad selection of streaming ] Al sotutions services — Magenta Al, CoMind, KeySto
Slide 17: Sustained revenue growth underpinned by steady momentum in service revenues
Sustained revenue growth underpinned by steady momentum in service revenues Revenue, FY 2025 vs FY 2024 • Mobile service revenue growth HUF bn reflects ongoing expansion in +1.7% 995 1.6 mobile data consumption 22.3 990 -1.5 983.9 985 -4.9 -1.0 980 • Fixed service revenue reflects 975 970 967.5 ViDa
Slide 18: Growing mobile data usage drives positive momentum in mobile segment
Growing mobile data usage drives positive momentum in mobile segment Mobile SIMs Mobile ARPU +3.3% ‘000 HUF +2.4% M2M Q4 2024 Prepaid Q4 2025 6,454 6,610 Postpaid 4,935 Blended +0.7% 4,968 21.7% 24.0% 7,816 Postpaid +3.1% 19.7% 18.6% 8,056 61.0% 58.5% 1,421 Prepaid +8.5% 1,542 58.5% 57.3% 250 M2M 0.
Slide 19: Continued fiber uptake fuels fixed market growth
Continued fiber uptake fuels fixed market growth Broadband, TV and fixed voice quarterly customer net adds Fixed voice, BB and TV ARPU Q4 2024 ‘000 ViDaNet decons. impact Q4 2025 HUF 17 13 12 16 16 5,542 7 8 11 Fixed BB +2.5% 5,679 -2 -20 -17 -17 -16 -15 -20 4,420 -45 -43 Pay TV -2.5% 4,308 -10 Q4 Q
Slide 20: EBITDA AL growth driven by higher gross profit and expiry of supplementary tax
EBITDA AL growth driven by higher gross profit and expiry of supplementary tax EBITDA AL, FY 2025 vs FY 2024 • Gross profit development in line with HUF bn 16.1% service revenue trends 400 36.4 3.8 386.8 380 -0.7 -4.5 • Profitability supported by expiry of 360 18.7 supplementary telecommunication 34
Slide 21: Significant rise in net income driven by EBITDA growth
Significant rise in net income driven by EBITDA growth Net income (and adjusted net income), FY2025 vs FY 2024 HUF bn +28% 220 8.3 54.4 208.4 207.4 200 -3.3 -7.2 -1.5 -1.0 180 162.6 157.8 160 -4.8 0 FY 2024 Adj. Adj.* FY 2024 EBITDA D&A Net financial Income tax Non-contr. FY 2025 Adj.* FY 2025 Adj.
Slide 22: Strong free cash flow driven by EBITDA uplift
Strong free cash flow driven by EBITDA uplift Free cash flow FY 2025 vs FY 2024 Capex AL, FY 2025 vs FY 2024 HUF bn 33.8% 240 14.0 54.4 8.7 2.6 220.9 -8.5 HUF bn 19.2% 200 -15.4 140 3.8 135.1 16.5 3.4 130 165.1 -1.9 160 120 113.3 110 0 0 FY 2024 EBITDA Working Other Capex Proceeds Other FY 2025 FY 2
Slide 23: Appendix
Appendix
Slide 24: Mobile KPIs
Mobile KPIs Postpaid customers Prepaid customers M2M ‘000 ‘000 ‘000 3,790 3,778 3,774 3,779 3,771 1,274 1,260 1,253 1,245 1,589 1,231 1,524 1,553 1,402 1,431 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Average mobile data us
Slide 25: Fixed KPIs
Fixed KPIs Fixed voice customers Fixed broadband customers Pay TV customers ‘000 ‘000 1,666 1,665 ‘000 1,654 1,438 1,418 1,401 1,197 1,649 1,381 1,390 1,178 1,151 1,134 1,119 1,633 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Slide 26: Net income Q4 2025 vs Q4 2024
Net income Q4 2025 vs Q4 2024 HUF bn +21% 46 9.4 0.6 44 42.9 -1.6 -1.5 -0.2 41.8 42 -1.1 40 38 1.7 36.3 36 34.6 34 0 Q4 2024 Adj. Adj.* Q4 2024 EBITDA D&A Net financial Income tax Non-contr. FY 2025 Adj.* FY 2025 Adj. net income result Interests net income *Adjustments are unaudited 26
Slide 27: North Macedonia performance highlights
North Macedonia performance highlights Revenues, Q4 2025 vs Q4 2024 EBITDA AL, Q4 2025 vs Q4 2024 HUF bn HUF bn +3.9% +1.8% 21.4 0.6 8.2 0.4 0.0 8.2 21.2 8.1 21.1 8.0 21.0 -0.2 0.0 7.9 7.9 20.8 20.7 7.8 7.7 -0.1 0.0 0.0 Q4 2024 Mobile Fixed SI/IT Q4 2025 Q4 2024 Gross profit Indirect costs IFRS 16 i
Slide 28: 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