Core Insights - KPN is executing its Connect, Activate & Grow strategy, reaffirming its 3-3-7 CAGR ambitions for the full plan period [2][3] - The company is shifting focus from infrastructure expansion to connecting and activating households, with fiber rollout continuing at a more moderate pace [3] - KPN's capital expenditure (Capex) is projected to decline to below €1 billion by 2027, remaining stable thereafter [3] - The transformation programs are accelerating, targeting approximately €100 million in net indirect operational expenditure (Opex) savings annually by 2030 compared to 2025 [3] - KPN maintains its ESG leadership with ongoing progress on its BetterInternet mission [3] - The capital allocation policy is reiterated, with full free cash flow (FCF) being returned to shareholders [3] - The dividend payout is set to be rebased to approximately 80% of FCF starting in 2026, with the remainder returned through share buybacks (SBBs) [3] - Dividend per share (DPS) growth is projected at around 14% CAGR from 2025 to 2027, compared to the previous estimate of approximately 7% [3] - Beyond 2027, KPN is targeting mid-single-digit annual FCF growth to support continued increases in shareholder returns [3]

Core Insights - KPN reported a group service revenue growth of 1.7% year-on-year in Q3 2025, driven by all segments [2] - The company added 74,000 homes passed (HP) and 82,000 homes connected (HC) to its fiber footprint, maintaining its leadership in the Dutch fiber market [2] - KPN's adjusted EBITDA AL increased by 4.4% year-on-year in Q3 2025, with contributions from various factors including a 2.6% IPR benefit [2] Revenue Breakdown - Consumer service revenues grew by 1.1% year-on-year, supported by solid broadband growth with 11,000 net adds and postpaid growth with 47,000 net adds [2] - Business service revenues increased by 1.4% year-on-year, driven by small and medium enterprises (SME) and large corporate enterprises (LCE) [2] - Wholesale service revenue saw a growth of 5.2% year-on-year, primarily due to sponsored roaming [2] Financial Performance - Year-to-date free cash flow (FCF) generation reached €606 million, reflecting a 12% year-on-year increase [2] - The company is on track to meet its full-year outlook, with a strategy update planned for November 5 [2]

Group 1 - KPN has completed a € 250 million share buyback program, which started on February 25, 2025, and concluded on July 25, 2025 [1][4] - A total of 62,465,117 ordinary shares were repurchased at an average price of € 4.00 per share [1][2] - KPN plans to cancel 61,465,117 of the repurchased shares to reduce its capital, while retaining 1,000,000 shares for employee share plans [2] Group 2 - In the final days of the share buyback, KPN repurchased 5,294,379 ordinary shares at an average price of € 3.99 per share, totaling € 21.1 million [3] - The transaction details of the share buyback are available on KPN's website [3]

Group 1 - The company reported a continued growth in Group service revenue of 3.7% year-on-year, driven by all segments [2] - Consumer service revenues increased by 1.3% year-on-year, with solid commercial momentum in Consumer broadband (13,000 new subscribers) and postpaid (37,000 new subscribers) [2] - Business service revenue growth remains high at 5.7% year-on-year, supported by all divisions [2] Group 2 - Adjusted EBITDA AL increased by 6.4% year-on-year in Q2 2025, with contributions of 1.4% from IPR benefits and 1.0% from Althio [2] - The first half of Free Cash Flow reached €309 million, progressing according to plan [2] - The company leads the Dutch fiber market, now covering two-thirds of the Netherlands [2] Group 3 - The full-year 2025 outlook has been raised to over €2,630 million in adjusted EBITDA AL and over €940 million in Free Cash Flow, reflecting both IPR benefits and solid underlying progress [2]

Group 1 - KPN has repurchased 1,675,000 ordinary shares from June 23 to June 27, 2025, at an average price of €4.15 per share, totaling €7.0 million [1] - The share repurchases are part of a larger €250 million buyback program initiated on February 25, 2025, demonstrating KPN's commitment to returning capital to shareholders [1] - As of June 27, 2025, KPN has repurchased a total of 52,398,738 ordinary shares for a total consideration of €209.4 million [1] Group 2 - Detailed transaction information regarding the share buyback is available on KPN's website [2] - The report on the progress of the €250 million share buyback was formally disclosed on June 30, 2025 [3]

Core Viewpoint - KPN reported continued growth in service revenue across all segments, with a positive outlook for the full year 2025 [2] Group Service Revenue - Group service revenue grew by 3.8% year-on-year, with Youfone contributing 0.7% to this growth [2] - All segments delivered organic growth, indicating a strong performance across the board [2] Consumer and Business Service Revenue - Consumer service revenue increased by 4.6% year-on-year, with Youfone contributing 3.4% [2] - Business service revenue saw a growth of 5.1% year-on-year, driven primarily by SME and Tailored Solutions [2] Adjusted EBITDA and Free Cash Flow - Adjusted EBITDA AL rose by 4.7% year-on-year, with contributions of 0.9% from Youfone and 0.7% from Althio [2] - Free Cash Flow (FCF) was impacted by higher interest and tax payments, as well as the phasing of working capital [2] Market Position and Network Performance - KPN is leading the Dutch fiber market, adding 100,000 homes passed (HP) and 94,000 homes connected (HC) to its fiber footprint [2] - The mobile network received the highest score ever measured worldwide by Umlaut, indicating superior performance [2] New Operations - The Tower Company Althio has commenced its operations, contributing to KPN's growth strategy [2] Outlook - KPN reiterated its upgraded full-year 2025 outlook, reflecting confidence in continued growth [2]

Group 1 - The Annual General Meeting of Shareholders (AGM) of Royal KPN N.V. approved all items on the agenda [1][2] - A total dividend of € 17.0 cents per ordinary share for the fiscal year 2024 was declared, with a final cash dividend of € 10.2 cents per ordinary share to be paid on 28 April 2025, net of 15% withholding tax [1] - Shares will trade ex-dividend as of 22 April 2025 [1] Group 2 - The AGM reappointed Mr. Gerard van de Aast as chair for a second four-year term and Ms. Jolande Sap for a final two-year term [2] - Amendments to the Articles of Association of the company were also approved during the AGM [2] - Detailed information regarding the approved resolutions is available on the KPN website [2]

Group 1 - KPN will hold its Annual General Meeting of Shareholders (AGM) on April 16, 2025, in a hybrid format, allowing both in-person and virtual attendance [1][2] - The Supervisory Board proposes the reappointment of Mr. Gerard van de Aast and Ms. Jolande Sap [1] - Agenda items include the approval of annual accounts, dividend approval, an advisory vote on the remuneration report for fiscal year 2024, and amendments to the Articles of Association last updated in 2018 [2] Group 2 - The full agenda and accompanying documentation for the AGM are available on KPN's website [2] - The head of Investor Relations is Matthijs van Leijenhorst [3] - The publication date of the AGM agenda is March 5, 2025 [3]

Core Viewpoint - KPN has initiated a €250 million share buyback program, demonstrating its commitment to returning capital to shareholders through the repurchase of ordinary shares [1][3]. Group 1: Share Buyback Details - KPN repurchased 1,345,000 ordinary shares from February 25 to February 28, 2025, at an average price of €3.66 per share, totaling €4.9 million [1]. - The total number of ordinary shares repurchased to date stands at 1,345,000, with a total consideration of €4.9 million [1]. Group 2: Additional Information - Transaction details of the share buyback are accessible on KPN's website [2]. - The report on the progress of the €250 million share buyback was formally disclosed on March 3, 2025 [3].

Core Viewpoint - KPN is executing a successful strategy that allows for a structural return of additional capital to shareholders through a €250 million share buyback and an anticipated dividend of €18.2 cents per share for 2025, distributing all Free Cash Flow to shareholders [1]. Group 1: Share Buyback Details - KPN has commenced a €250 million share buyback, expected to be completed by 25 July 2025 at the latest [2]. - The company plans to use up to 1 million of the repurchased shares for employee share plans and intends to cancel the remaining shares to reduce its capital [2]. - An intermediary has been engaged to repurchase shares in the open market, adhering to regulations, with purchases priced between the par value and a maximum of 110% of the average closing price on Euronext Amsterdam [3]. Group 2: Authorization and Progress Reporting - The share buyback will be conducted within the authority granted by the Annual General Meeting of Shareholders, which allows the purchase of up to 10% of KPN's issued share capital from 17 April 2024 to 17 October 2025 [3]. - As of the current authorization, a total of 13,479,784 shares have already been repurchased in the 2024 share buyback [3]. - KPN will provide weekly updates on the share buyback progress, with the first report scheduled for 3 March 2025 [4].