Group 1 - KPN published its 2025 Annual Report titled "Value of Connection," highlighting a strong focus on digitalization, AI, resilience, and sustainability [1] - The company achieved solid results supported by growth across all segments and continued investments in fiber, 5G, cybersecurity, and customer service improvements [1] - KPN remains on track to meet its ambitions as outlined in the Annual Report, which was prepared in accordance with CSRD guidelines [1] Group 2 - KPN will hold its Annual General Meeting of Shareholders on April 15, 2026, where the Integrated Annual Report 2025 will be discussed [2] - The Integrated Annual Report 2025 is available online on KPN's interactive website [2] - Formal disclosures indicate that there is no inside information related to this announcement [2]

Core Viewpoint - KPN's strategic execution allows for a structural return of additional capital to shareholders through a €250 million share buyback and a projected €20.00 dividend per share for 2026, distributing all Free Cash Flow to shareholders [1]. Group 1: Share Buyback Details - KPN plans to initiate a €250 million share buyback starting on January 29, 2026, expected to conclude by June 29, 2026 [1]. - Up to 1.5 million of the repurchased shares will be used for employee share plans, with the remainder to be canceled to reduce KPN's 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 110% of the average closing price on Euronext Amsterdam for the five trading days prior to purchase [3]. Group 2: Authorization and Compliance - The share buyback will be conducted within the authority granted by the Annual General Meeting of Shareholders, allowing the purchase of up to 10% of KPN's issued share capital from April 16, 2025, for 18 months [3]. - As of now, 48,760,153 shares have already been repurchased under the 2025 share buyback program [3]. Group 3: Reporting and Updates - KPN will provide weekly updates on the share buyback progress, with the first report scheduled for February 2, 2026 [4].

Group 1 - The company reported FY25 Group service revenues increased by 2.7% year-on-year, with adjusted EBITDA AL of €2,636 million, reflecting a 5.1% year-on-year growth, including contributions of +1.0% from IPR and +1.0% from Althio [2] - Free cash flow (FCF) for FY25 was €952 million, with indirect costs reduced by €10 million year-on-year, indicating an improvement in operational performance [2] - In Q4, Group service revenue growth was 1.8% year-on-year, with all segments contributing positively [2] Group 2 - Consumer service revenues in Q4 rose by 1.2% year-on-year, supported by an improving trend in mobile service revenue [2] - The company experienced sustained commercial momentum in broadband, adding 12,000 net customers in Q4 and a record 38,000 for the full year [2] - Business service revenues increased by 2.3% year-on-year in Q4, primarily driven by small and medium enterprises (SME) [2] Group 3 - Wholesale service revenue grew by 3.9% year-on-year in Q4, mainly due to international sponsored roaming [2] - The company led the Dutch fiber market, adding 440,000 homes passed and 399,000 homes connected in FY25 [2] Group 4 - The outlook for 2026 includes service revenue growth of 2% to 2.5% year-on-year, adjusted EBITDA AL of approximately €2,670 million, capital expenditures around €1.25 billion, and free cash flow exceeding €950 million [2] - The company plans a 10% growth in dividends per share (€0.20 per share) and a new €250 million share buyback, returning all free cash flow to shareholders in 2026 [2]

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]