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KPN delivered on FY 2025 outlook; fully on track to achieve mid-term ambitions
Globenewswire· 2026-01-28 06:30
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]