NOS, S.G.P.S., S.A. (ZONNF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, good morning. Welcome to NOS third quarter 2025 conference call. I'll hand you over to our TFO, Luís. We'll deliver a short presentation and then we'll open for Q&A as usual. Well, good morning and welcome to NOS third quarter conference call. We will begin as usual with the main highlights of this third quarter. A strong operational performance with the RGU trend significantly improving versus previous quarters. A consolidated revenue of 457 million strongly impacted by ANC decline despite resilient performance from Telco. An efficient cost management that is driving EBITDA growth and sustainable operational cash flow generation and a solid balance sheet and financial position with leverage below reference level of two times. So a quick overview of our main KPIs. This quarter, revenues declined 1.2% to 457 million, but EBITDA rose 2.7. This positive EBITDA performance, along with a CapEx reduction of 2%, led to improved EBITDA CapEx of almost 10%. Recurring free cash flow, excluding extraordinary effects, decreased 19%, and net income increased 25% reflecting the solid operational performance and our strategic transformation program. NOS proudly leads in global sustainability, having been recognized by both Time and Financial Times in their international benchmarking rankings as one of the world's most sustainable companies. This impressive achievement places NOS as one of only five Portuguese companies in both lists, and the only one from the telco sector. This highlights NOS' strong commitment and significant progress towards a sustainable future. Furthermore, NOS has received recognition from DECO Protest, the leading Portuguese consumer rights association magazine, being named best in test for its mobile internet, Wi-Fi and TV services. It's the ...