Slide 1: Fiscal year 2025 and outlook 2026
UNITED INTERNET AG Fiscal year 2025 and outlook 2026 Frankfurt/Main, March 19, 2026 1 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 2: Agenda
AGENDA Ralph Dommermuth Company development Outlook 2026 Carsten Theurer FY 2025 results 2 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 3: Company development
COMPANY DEVELOPMENT 3 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 4: United Internet with 2 business areas: Access & Applications
UNITED INTERNET WITH 2 BUSINESS AREAS: ACCESS & APPLICATIONS ACCESS APPLICATIONS Consumer Access Consumer Applications Motivated Team ▪ Around 10,500 employees, of which approx. 3,750 in product management, development and data centers Powerful network infrastructure ▪ 68,000 km of fiber network ▪ 5
Slide 5: Brands & Investments
BRANDS & INVESTMENTS (as of December 31, 2025) Consumer Access Business Consumer Applications Business Minorities 20,00 % 25,39 % 31,52 % 17,58 %* 4,60 %** 25,10 % * Held indirectly through 63.84% stake in IONOS Group SE ** Held indirectly through 4.71% stake in Kublai GmbH 5 Fiscal year 2025 & Outl
Slide 6: "Access" in fiscal year 2025
“ACCESS” IN FISCAL YEAR 2025 ▪ CONSUMER ACCESS ▪ CONSUMER APPLICATIONS ▪ BUSINESS ACCESS ▪ BUSINESS APPLICATIONS 6 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 7: "Consumer Access"
“CONSUMER ACCESS” Fixed-line ▪ 1&1 with 3.84 million broadband connections ▪ Complete VDSL and FTTH packages including voice and IP TV via 1&1 Versatel, with last mile provided by Deutsche Telekom and regional carriers (such as Deutsche Glasfaser, Glasfaser Nordwest, M-Net, NetCologne, OXG, Westconn
Slide 8: "Consumer Access": Customer contracts
“CONSUMER ACCESS”: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connection 20 16.39 16.32 ▪ 16.32 million customer contracts (- 70,000) -0.07 15 ▪ 3.84 million broadband connections (- 110,000) ▪ 12.48 million mobile internet contracts (+ 40,000) 10 12.44 12.48 5 3.95 3.84 0 2024 2025 8
Slide 9: "Consumer Access": Revenues
“CONSUMER ACCESS”: REVENUES (acc. to IFRS in € million) Service revenues Other revenues (mainly hardware) 4,500 ▪ + 0.8% revenues to € 4.096 billion 4,064.3 4,095.9 +31.6 4,000 (+0.8%) ▪ + 0.1% service revenues to € 3.307 billion 3,500 3,000 ▪ + 3.7% other revenues (in particular smartphones) 2,500
Slide 10: "Consumer Access" (I): Total EBITDA
“CONSUMER ACCESS” (I): TOTAL EBITDA (acc. to IFRS in € million) 600 590.8 -69.3 521.5 (-11.7%) 500 ▪ - 11.7% EBITDA to € 521.5 million, including ▪ € - 265.3 million costs for rollout of 1&1 mobile network 400 (prior year: € - 265.3 million) 300 ▪ 12.7% EBITDA margin (prior year: 14.5%) 200 100 0 20
Slide 11: "Consumer Access" (II): EBITDA of the two subsegments
“CONSUMER ACCESS” (II): EBITDA OF THE TWO SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Access” “Access” 1,000 856.1 ▪ - 8.1% EBITDA to € 786.8 million in particular as a result of 786.8 -69.3 800 (-8.1%) the change in roaming partner (no impact on EBIT, as costs 600 400 in the agreement with Tele
Slide 12: "Business Access"
“BUSINESS ACCESS” ▪ 1&1 Versatel operates one of the largest German fiber optic networks ▪ Project business and plug-and-play solutions for businesses Businesses ▪ 68,455 km of fiber optic network FTTB ▪ In over 350 German cities, including Authorities the 25 largest cities ▪ 29,686 directly connect
Slide 13: "Business Access": Revenues
“BUSINESS ACCESS”: REVENUES (acc. to IFRS in € million) 600 574.9 586.7 +11.8 (+2.1%) 500 ▪ + 2.1% revenues to € 586.7 million 400 300 200 100 0 2024 2025 13 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 14: "Business Access": EBITDA
“BUSINESS ACCESS”: EBITDA (acc. to IFRS in € million) 180 165.1 167.2 +2.1 ▪ + 2.1% EBITDA to € 167.2 million, thereof 160 (+1.3%) 140 ▪ € - 15.4 million start-up costs (prior year: € - 21.6 million) 120 in the new business areas “5G” and “expansion of 100 commercial areas” 80 ▪ 28.5% EBITDA margin
Slide 15: "Applications" in fiscal year 2025
“APPLICATIONS” IN FISCAL YEAR 2025 ▪ CONSUMER ACCESS ▪ CONSUMER APPLICATIONS ▪ BUSINESS ACCESS ▪ BUSINESS APPLICATIONS 15 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 16: "Consumer Applications"
“CONSUMER APPLICATIONS” ▪ One of the leading providers of consumer applications with GMX, WEB.DE and mail.com ▪ Broad product portfolio for private customers: Communication Online office Personal information management (e-mail, tasks, and organization appointments, calendar), online office and cloud
Slide 17: "Consumer Applications": Accounts
“CONSUMER APPLICATIONS”: ACCOUNTS (in million) Free accounts Pay accounts 50 41.97 42.03 40 +0.06 ▪ 42.03 million consumer accounts (+ 60,000) ▪ 38.68 million free accounts (- 250,000) 30 ▪ 3.35 million pay accounts (+ 310,000) 38.93 38.68 20 10 3.04(1) 3.35 0 2024 2025 (1) Excluding accounts for En
Slide 18: "Consumer Applications": Revenues
“CONSUMER APPLICATIONS”: REVENUES (acc. to IFRS in € million) 350 322.6 298.3 +24.3 ▪ + 8.1% revenues to € 322.6 million 300 (+8.1%) ▪ Higher monetization of free accounts through online 250 advertising 200 ▪ Strong growth in pay accounts 150 100 50 0 2024 (1) 2025 (1) (1) Excluding revenue contribu
Slide 19: "Consumer Applications": EBITDA
“CONSUMER APPLICATIONS”: EBITDA (acc. to IFRS in € million) 140 123.1 ▪ + 8.7% EBITDA to € 123.1 million 120 113.2 +9.9 (+8.7%) ▪ 38.2% EBITDA margin (prior year: 37.9%) 100 80 60 40 20 0 2024(1) 2025(1) (1) Excluding earnings contributions / net sales proceeds € +7.8 million from Energy (prior year
Slide 20: "Business Applications"
“BUSINESS APPLICATIONS” ▪ IONOS as Europe's leading digitalization partner for freelancers, small/medium-sized enterprises and reliable cloud enabler ▪ Active in 14 European countries as well as in USA, Canada and Mexico ▪ Extensive product range ▪ Domains, websites, online shops, online marketing t
Slide 21: "Business Applications": Customer contracts
“BUSINESS APPLICATIONS“: CUSTOMER CONTRACTS (in million) Abroad Domestic 12 ▪ 10.05 million customer contracts (+ 460,000) 10.05 10 9.59 +0.46 ▪ 5.25 million abroad (+ 290,000) 8 4.96 5.25 ▪ 4.80 million domestic (+ 170,000) 6 4 4.63 4.80 2 0 2024 2025 21 Fiscal year 2025 & Outlook 2026 Frankfurt/Ma
Slide 22: "Business Applications": Revenues
“BUSINESS APPLICATIONS“: REVENUES (acc. to IFRS in € million) 1,400 1,316.9 ▪ + 5.5% revenues to € 1.317 billion 1,248.1 +68.8 (+5.5%) 1,200 ▪ Customer growth 1,000 ▪ Increased Up- and Cross-Selling 800 600 400 200 0 2024(1) 2025(1) (1) Sedo carried in accordance with IFRS 5 as discontinued operatio
Slide 23: "Business Applications": EBITDA
“BUSINESS APPLICATIONS”: EBITDA (acc. to IFRS in € million) 500 464.1 ▪ + 19.8% EBITDA to € 464.1 million +76.7 400 387.4 (+19.8%) ▪ 35.2% EBITDA margin (prior year: 31.0%) 300 200 100 0 2024 (1) 2025 (1) (1) Sedo carried in accordance with IFRS 5 as discontinued operation as of September 30, 2025;
Slide 24: Group: KPIs in fiscal year 2025
GROUP: KPIs IN FISCAL YEAR 2025 ▪ + 700,000 customer contracts to 29.72 million contracts Revenue and earnings figures (in € million) 2024 (1) 2025 (1) Change Revenues (2) 5,990.8 6,103.8 + 1.9% EBITDA (2) 1,251.6 1,282.0 + 2.4% EBIT (2) 596.8 585.3 - 1.9% EPS (in €) (2) 0.86 1.23 + 43.0% ▪ Included
Slide 25: Outlook 2026
OUTLOOK 2026 25 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 26: Outlook 2026
OUTLOOK 2026 ▪ Revenues: approx. € 6.25 billion (2025: € 6.104 billion) ▪ EBITDA: approx. € 1.45 billion (2025: € 1.282 billion) ▪ Cash-CAPEX: € 600 – 650 million (2025: € 730.8 million) ▪ New segmentation within the “Access” business area following the sale of 1&1 Versatel to 1&1 in 2025 ▪ Since Ja
Slide 27: Results fiscal year 2025
RESULTS FISCAL YEAR 2025 27 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026
Slide 28: Group: Key figures as of December 31, 2025
GROUP: KEY FIGURES AS OF DECEMBER 31, 2025 P&L figures according to IFRS in € million 2024 (1) 2025 (1) Change Fee-based customer contracts (in million) 29.02 29.72 ▪ + 0.7 million Ad-financed free accounts (in million) 38.93 38.68 ▪ - 0.25 million (pay accounts: + 0.31 million) Revenues (2) 5,990.8
Slide 29: Group: EBITDA / Free cash flow bridge as of December 31, 2025
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF DECEMBER 31, 2025 (acc. to IFRS in € million) Fiscal year 2025 1,289.8 31.8 -728.5 -91.9 508.3 7.1 -187.6 320.6 EBITDA EBITDA Capex Tax Working Capital Free CF Leasing Free CF AL 2025(1) AdTech (2) (net) & others 2025 2025 Fiscal year 2024 1,250.9 43.1 -76
Slide 30: Group: Balance sheet as of December 31, 2025 (I)
GROUP: BALANCE SHEET AS OF DECEMBER 31, 2025 (I) (acc. to IFRS in € million) Assets Key changes +42.8 ▪ Current and non-current assets: € + 42.8 million 11,935.7 11,978.5 ▪ Cash: € - 70.1 million to € 44.8 million (due to reporting date) 1,989.3 1,767.8 Current assets ▪ PPE / intangible assets: € +
Slide 31: Group: Balance sheet as of December 31, 2025 (II)
GROUP: BALANCE SHEET AS OF DECEMBER 31, 2025 (II) (acc. to IFRS in € million) Liabilities and Equity Key changes +42.8 ▪ Current and non-current liabilities: € + 348.2 million 11,935.7 11,978.5 ▪ Trade accounts payable: € - 168.3 million 1,881.6 2,645.6 Current liabilities ▪ Liabilities due to banks
Slide 32: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 32 Fiscal year 2025 & Outlook 2026 Frankfurt/Main, March 19, 2026