Press Release Results 1Q 2025

PRESS RELEASE RESULTS 1Q 2025

06/05/2025

• The number of services (RGUs or Retail Generation Units) increased by 187.8 thousand compared to the same period last year, to 10.7 million

• Consolidated revenues grew by 4,5% to 421.4 million euros, with Telecommunications (Telco) revenues improving by 4.6%

• EBITDA improved by 4.3% compared to 1Q 2024 to 192.3 million euros, with Telco EBITDA increasing by 4.3% to 181.4 million

• Net profits fell by 13% to 59 million euros

• NOS' Fibre Network reached 5.8 million households and the 5G network covers 99.6% of the Portuguese population

  Message from the CEO

  "The beginning of 2025 was marked by the conclusion of the acquisition of Claranet Portugal, a decisive step in our goal of leadership of ICT services in Portugal, and which strengthens our role as benchmark partner in the digital transformation of companies in Portugal.

  We have maintained our leadership in 5G, with the launch of 5G+ services (standalone) and by conducting the first Voice over New Radio (VoNR) call in Portugal - achievements that pave the way for even more advanced connectivity experiences.

  For the second year running, we were recognised as the Portuguese organisation with the most patent requests submitted in Europe. This recognition attests to our commitment to innovation and reinforces our role as the Portuguese company that invests most in R&D.

  Our technological superiority and the experience of excellence that we offer our customers, together with the operational transformation currently ongoing, enables us, in a demanding and competitive environment, to maintain our ambition of leading a new market cycle and continuing to create value for our stakeholders and for the country."

  Miguel Almeida, CEO of NOS

  NOS' Fibre covers 5.8 million households and its 5G network reaches 99.6% of the population

• NOS' latest generation fixed network covers 5.8 million households, up 311.4 thousand on the same period of 2024.

• Investment in the 5G network has enabled NOS to be leader in coverage, with a total of 4,787 5G stations installed across the country at the end of 2024.

• NOS strengthens its leadership in 5G with 5Gstandalone (5G+), being the only operator on the market to provide this technology.

  NOS revenues increase across all segments

• The number of RGUs increased by 187.9 thousand compared to the same period last year, totalling 10.7 million.

• The Group's consolidated revenues grew 4.5% to 421 million euros.

• Telco revenues increased by 4.6% to 406.7 million euros, reflecting the increase in number of services (RGUs), in particular business services, where revenues grew by 13.3% to 99.2 million.

• Cinema and Audiovisual revenues were up by 1.5% to 23.1 million euros compared to last year, with Audiovisual revenues increasing by 15.2%.

• Consolidated EBITDA improved by 4.3% compared to first three months of 2024, to 192.3 million euros. Telco EBITDA increased 4.3% to 181.4 million.

• Net Profits were 59 million euros, a fall of 13% in comparison with the same quarter last year, impacted negatively by non-recurring items.

Fixed network reaches

5.8 million households

5G coverage available for 99.6% of the

population

4,787 5G antennae

NOS has the only standalone 5G network in the country

RGUs increased by

187.8 thousand

Consolidated revenues

grew by 4.5%

Cinema and Audiovisual business continued a positive growth trajectory

NOS Audiovisuals distributed two of the three most watched films in the 1stquarter

EBITDA grew by 4.3%

Net Profits of 59 M€, down 13% on the same

quarter of 2024