4ig Nyrt. · BET:4IG
4ig Nyrt — Q3 2025 Earnings Presentation
34 slides from 4ig Nyrt's earnings presentation, Dec 1, 2025
Slide 1: Forward Looking Statements / Data Processing
FORWARD LOOKING STATEMENTS THIS INFORMATION SHEET WAS PREPARED BY 4IG NYRT. (HEADQUARTERS: BUDAPEST 1013, KRISZTINA KÖRÚT 39.). THIS INVESTOR PRESENTATION CONTAINS FORWARD-LOOKING STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS ABOUT OUR BELIEFS AND EXPECTATIONS, ARE FORWA
Slide 2: Investor Presentation Q3 2025 Results
INVESTOR PRESENTATION Q3 2025 RESULTS 1 DECEMBER 2025 BUDAPEST
Slide 3: Speakers
SPEAKERS Péter Fekete Barna Gáspár Group CEO Group Head of Investor Relations and Capital Markets 3
Slide 4: Earnings Call Agenda
EARNINGS CALL AGENDA 1 EXECUTIVE SUMMARY 2 INTRODUCTION – MACROECONOMICS AND MARKET 3 KEY EVENTS AND NEWS IN Q3 2025, M&A 4 SHARE PERFORMANCE 5 FINANCIAL PERFORMANCE (Q3, 9M) 6 SEGMENTS, GEOGRAPHIES (DEEP DIVE) 7 AMBITIONS 8 CREDIT RATINGS, ESG 9 Q&A 4
Slide 5: Executive Summary
EXECUTIVE SUMMARY 4iG Group presents its strong results as an IT, Telco and Space&Defence champion in the region: 1 Net sales revenues increased by 8% to HUF 538.1 billion, while EBITDA rose by 17% YoY to HUF 203.3 billion on a normalised basis. Disciplined financial policy, with Net Debt/LTM EBITDA
Slide 6: Introduction, Macroeconomics, Market Share
INTRODUCTION MACROECONOMICS MARKET SHARE
Slide 7: Macroeconomic Environment
MACROECONOMIC ENVIRONMENT STATISTICS OF HUNGARY INTEREST RATES • MNB base rate (HUF): 6.5% (unchanged since 25 September 2024) • ECB base rate (EUR) : 2.15% (decreasing trend, effective 11 June 2025) • Low-interest rate swap cost, favourable to continue hedging • Growth funding remains expensive FX
Slide 8: Leading Market Positions in Core Geographies
LEADING MARKET POSITIONS IN CORE GEOGRAPHIES Headquarters (Budapest) Market positions Hungary 1 ICT 2 Telco 1 Space Defence 1 (private) Montenegro 1 Telco(1) Albania 1 Telco North Macedonia Telco Israel Presence in Israel through Spacecom (Space & Satellite) Source: Company information, based on Q1
Slide 9: Key Events Since the Last Earnings Call
KEY EVENTS SINCE THE LAST EARNINGS CALL
Slide 10: Key Domestic Events: Update Since the Q2 Earnings Call
KEY DOMESTIC EVENTS: UPDATE SINCE THE Q2 EARNINGS CALL 8th September 6th October 26th November 4iG SDT EGY submitted a mandatory 4iG SDT signed 3 SPAs with N7 Holding One concluded a business unit transfer and takeover bid to the Hungarian National regarding the acquisition of direct and cooperation
Slide 11: Key Foreign Events: Update Since the Q2 Earnings Call
KEY FOREIGN EVENTS: UPDATE SINCE THE Q2 EARNINGS CALL 10th November 19th September 4iG SDT and EUTELSAT SA signed a One Macedonia and Ericsson signed a non- frequency license agreement connected to binding Letter of Intent to build the first frequency usage rights and orbital standalone (SA) 5G mobi
Slide 12: Share Performance
SHARE PERFORMANCE
Slide 13: Shareholder Information of 4iG Plc.
SHAREHOLDER INFORMATION OF 4iG PLC. KEY SHAREHOLDERS OF 4IG PLC. SHARE PRICE PERFORMANCE AS OF 30 SEPTEMBER 2025 (HUF) 6,000 5,000 52.76% 25.12% *KZF Vagyonkezelő Zrt. 4,000 *iG COM Magántőkealap *iG TECH Invest Kft. 3,000 Bartolomeu ICT Kft. 2,000 5.72% 1.79% 1,000 Treasury Shares 13.27% 1.34% Empl
Slide 14: Financial Performance
FINANCIAL PERFORMANCE
Slide 15: 4iG Group Financials: Q3 2025
4iG GROUP FINANCIALS: Q3 2025 4iG Group *Q3 One Non Realised Normalised One Non Realised Normalised PPA1 Q3 2025 PPA1 % change (HUF Mn) 2024 off2 FX difference3 Q3 2024 off2 FX difference3 Q3 2025 Net Revenues 176,176 - - - 176,176 187,258 - - - 187,258 6% Other operating income 748 - - - 748 1,620
Slide 16: 4iG Group Financials: 9M 2025
4iG GROUP FINANCIALS: 9M 2025 4iG Group One Non Realised Normalised One Non Realised Normalised 9M 2024* PPA1 9M 2025 PPA1 % change (HUF Mn) off2 FX difference3 9M 2024 off2 FX difference3 9M 2025 Net Revenues 498,657 - - - 498,657 538,085 - - - 538,085 8% Other operating income 2,855 - - - 2,855 3,
Slide 17: 4iG Segment Revenue Growth Journey
4iG SEGMENT REVENUE GROWTH JOURNEY 700 000 600 000 22 378 22 514 680 538 085 27 452 -33 596 498 657 500 000 400 000 300 000 200 000 100 000 0 Reported 2024 9M Telecommunication IT/SI Space Holding Eliminations Act 2025 9M Data in HUF million 17
Slide 18: 4iG Profitability Growth EBITDA Bridge
4iG PROFITABILITY GROWTH EBITDA BRIDGE 200 000 36 903 192 661 -12 854 -3 433 10 907 180 000 169 775 991 170 766 -6 910 -2 718 160 000 140 000 120 000 100 000 80 000 60 000 40 000 20 000 0 FX Windfall tax Inorganic Personnel expenses Act 2025 9M Reported 2024 9M Restated 2024 9M One-off expenses Gros
Slide 19: Segments, Geographies Deep Dive
SEGMENTS GEOGRAPHIES DEEP DIVE
Slide 20: 4iG Space & Defence Technologies
4iG SPACE & DEFENCE TECHNOLOGIES • Under the EU’s new EUR 150 billion SAFE financial • Binding MoU with EUTELSAT secured frequency/orbital instrument, Hungary may access up to EUR 16.2 billion positions needed for the HUSAT satellite programme for defence procurements and industrial investments, MAR
Slide 21: 4iG Hungary Telecommunication
4iG HUNGARY TELECOMMUNICATION ONE 2CONNECT • PR-Telecom and CANAL+ Direct One’s Hungarian • Strategic negotiations are under way with main satellite customer base (contracts) acquisitions competitors to expand wholesale activities approved by the Hungarian Competition Authority MARKET • Master Servi
Slide 22: 4iG International Telecommunication
4iG INTERNATIONAL TELECOMMUNICATION • 4iG is exploring the possibility of entering the Uzbek telecommunications market through an acquisition, in cooperation with a local strategic partner • 4iG signed an MOU with IT Park in May 2025. The purpose of the MOU is to lay the foundation for UZBEKISTAN bu
Slide 23: 4iG Western Balkans Telecommunication
4iG WESTERN BALKANS TELECOMMUNICATION ALBANIA MONTENEGRO • Increased tourism in the country has • “Best in Test” brand campaign maintained for contributed to increased visitor roaming 2nd year with 360° coverage and CSR partnership with Scouts Association • Customer satisfaction and brand preference
Slide 24: 4iG Information Technology and System Integration
4iG INFORMATION TECHNOLOGY AND SYSTEM INTEGRATION • Higher demand of as a service (aaS) solutions • Lack of EU development funds, but DIMOP funds to be expected MARKET • Unfavourable circumstances persist with low GDP growth, high interest rates and high public deficit • Stable income and profit gen
Slide 25: Breakdown by Segments: Q3 2025
BREAKDOWN BY SEGMENTS: Q3 2025 Net Revenue Split (HUF Mn) Q3 2024 Q3 2025 S egment (a ctua l)* (a ctua l) % cha nge Net Revenue Split4 (% of total) IT Q3 2024 Q3 2025 21,9 9 6 3 1,225 42% (actual)1 (actual) 12% 1% 15% Telco 154,3 04 16 0,881 4% S pa ce -3 1,9 9 2 n/a Holding 2 4,224 11,9 18 n/a Elim
Slide 26: Breakdown by Segments: 9M 2025
BREAKDOWN BY SEGMENTS: 9M 2025 Net Revenue Split (HUF Mn) 9 M 2024 9 M 2025 S egment (a ctua l)* (a ctua l) % cha nge Net Revenue Split4 (% of total) IT 9M 2024 9M 2025 55,142 77,6 56 41% (actual)1 (actual) 1% 11% 1% 11% Telco 443 ,43 6 470,888 6% S pa ce 5,6 15 6 ,29 5 12% Holding 2 7,9 55 3 0,3 3
Slide 27: Q3 2025 Financial Debt and Capitalisation
Q3 2025 FINANCIAL DEBT AND CAPITALISATION FINANCIAL DEBT HUF Mn CAP ITALISATION as of 24 Nov 2025 (30 SEP 2025) Credits & loans & bonds 773,664 Share Price (HUF) 4,795 (long-term) Other long-term financial liabilities 22,339 Total Number of Shares 299,074,974 Financial lease liabilities MARKET CAP 1
Slide 28: Financial Guidance
FINANCIAL GUIDANCE • 2025 outlook remains positive, underpinned by progress on multi-country Outlook integration and growing demand for digital connectivity and defence technologies. • Revenue growth is expected to be above 10%, primarily driven by telecommunications Revenue (organic and inorganic)
Slide 29: Credit Ratings, ESG
CREDIT RATINGS ESG
Slide 30: Stable Third-Party Credit Rating BB-/Stable
STABLE THIRD-PARTY CREDIT RATING BB-/Stable Issuer rating BB- Outlook Stable Long-term senior BB- unsecured debt rating Last review May 2025, affirmation Last change December 2024 Outlook revised to Stable https://scoperatings.com/ratings-and-research/rating/EN/178811 30
Slide 31: Key ESG Factors and Undertakings
KEY ESG FACTORS AND UNDERTAKINGS THE 4iG GROUP LATEST RESULTS IN THE ESG FIELD ENVIRONMENT SOCIAL GOVERNANCE • The 4iG Group has prepared the 2025 bi- • The 4iG Group received the 2. place in • 4iG Group has 20 Subsidiaries / annual Consolidated Sustainability the II. Large Enterprises category in A
Slide 32: Q&A 4iG Group Investor Relations
Q&A 4iG GROUP INVESTOR RELATIONS 4IG.HU/FOR-INVESTORS IR@4IG.HU
Slide 33: Investor Relations
e 2 gi@ nyrt. | 1013 Budapest, = INVESTOR RELATIONS, A aysvadich I ae.
Slide 34: Disclaimer
DISCLAIMER WE CAUTION YOU THAT A NUMBER OF IMPORTANT FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN ANY FORWARD-LOOKING STATEMENT. IN ADDITION TO FIGURES PREPARED IN ACCORDANCE WITH IFRS, 4IG ALSO PRESENTS OTHER FINANCIAL PERFORMANCE MEASURES, INCLUDING, AMONG OTHERS