Economic results of first semester announced today (5.8.2025) by OTE Groupand announced that the sale of Telekom Romania Mobile was approved by its Competition Committee Romanian.
The consolidated income OTE Group in the second quarter of 2025 increased slightly (+0.3%) to € 913.3 million, as the increase in Greece was greatly offset by the continued challenges in Romania activities. In Greece, revenue increased by 1.1%, as positive potential in mobile, television services, broadband and ICT projects offset the fall in wholesale services and devices.
The overall operating expenses The group, with the exception of depreciation, depreciation, and burdens associated with voluntary retirement programs and other reorganization costs, amounted to € 566.0 million in the quarter, remaining almost unchanged (-0.2%) on a yearly basis.
The Custom EBITDA (AL) of the group amounted to € 328.6 million, increased by 0.6%, reflecting growth by 2.0% in Greece.
The operating profits Pre -Financial and Investment Activities of the Group (EBIT) stood at € 145.8 million, decreased by 14.8% compared to € 171.1 million a year ago, mainly due to an increase of 24.7% of depreciation from the damage to net assets by € 40 hundred. Second quarter of 2025.
The Investments in fixed assets They amounted to € 175.7 million in the second quarter of 2025, increased by 12.6% from the second quarter of 2024, mainly due to the continued development of the FTTH network. Investments in Greece and Mobile Romania stood at € 169.9 million and € 5.8 million respectively.
The free cash flow after leases They were € 155.1 million in the second quarter of 2025, compared to € 121.2 million in the second quarter of 2024, as the lowest income tax in the quarter offset the highest investment.
The Group recorded lower income tax payments during the quarter, mainly due to the refund of a tax of € 62.7 million from the Greek tax authorities, following the absorption of OTE’s subsidiary in early 2024.
THE net borrowing Group on June 30, 2025, stood at € 449.1 million and corresponds to 0.3 times the customized EBITDA (AL) on a twelve -month basis. The next major bond repayment for the group is set in September 2026 (bond € 500 million, 0.875%).
OTE Group President and CEO Costas Nebis said: “We have achieved another quarter of strong performance, consistently implementing our strategy based on strong foundations. In Greece, we maintain our potential and continue to enhance our financial performance. The mobile telephony sector was further strengthened in the quarter, recording significant growth and further consolidating our leadership in the market. The retail sector has returned to a growth track, thanks to the strong performance of television services and firm demand for FTTH. The development of the fiber optic network is proceeding according to our plan, and the steady increase in our subscription base and an increase in penetration is particularly encouraging. In Romania, we received approval from the authorities for the sale of Telekom Romania Mobile. We estimate that the transaction will be completed immediately. This is an important development, in alignment with OTE’s strategy to optimize its portfolio and create further value for shareholders through the reinforcement of annual free cash flows. Looking forward, we remain committed to boosting our profitability and creating a long -term value for all interested parties. With a long experience in providing high quality services, a comprehensive portfolio of top services and with the support of the Telekom Group, we have all the guarantees to take advantage of the opportunities that open up in front of us. “