Release of 10.02.2026
Highlights for Q4 and the full year 2025
Full year 2025:
- Total revenues increased by 3.0%, driven by service revenue growth of 1.9% and higher
equipment revenues
- 3.7% EBITDA growth excluding one-offs and restructuring, due to 9.5% operational
growth in CEE
- Net result amounted to EUR 613 mn (2024: EUR 627 mn)
- Net debt ex. leases reduced by EUR 283 mn; Net debt ex. leases/EBITDAaL reduced to
0x at year-end 2025, net debt/EBITDA reduced to 0.9x
- CAPEX increased by 2.8% to EUR 889 mn, due to 5G auction in Serbia
- Free Cash Flow increased by 3.7% to EUR 596 mn despite higher spectrum CAPEX
- Mobile subscriber growth of 11.3% year-on-year, RGU increase of 1.7% year-on-year
- Q4 2025: Total revenues +1.1%, EBITDA excl. one-offs and restructuring +5.4%
- Serbia: 5G auction concluded for EUR 100 mn; 5G activated in Dec` 2025
- Dividend proposal for FY 2025: Increase to EUR 0.42 per share (2024: EUR 0.40)
- Outlook 2026: Total revenue growth of 2-3%, CAPEX ex. spectrum of around EUR 750 mn
Video clip: Management of A1 Group presents the results of Q4 and 1-12M of 2025
Relevant documentation on the results can be found at the following link:
https://a1.group/investor-relations/results-center/
For more information, please visit the website: https://a1.group/investor-relations/