Earnings Release • Aug 14, 2025
Earnings Release
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To: The Romanian Financial Supervisory Authority
Financial Instruments and Investments Sector
The Bucharest Stock Exchange
Regulated Spot Market, Category Int'l (Shares)
From DIGI COMMUNICATIONS N.V.
pursuant to Law no. 24/2017 on issuers of financial instruments and market operations and to the Romanian Financial Supervisory Authority Regulation no. 5/2018 on issuers and operations with securities, as subsequently amended and supplemented and the provisions of Article 99 of the Bucharest Stock Exchange Code, Title II, Issuers and Financial Instruments
Report date: 14 August 2025
Name of the issuing entity: DIGI COMMUNICATIONS N.V. (the "Company")
Statutory seat: Amsterdam, The Netherlands
Visiting address: Bucharest, 75 Dr. N. Staicovici, Forum 2000 Building,
Phase I, 4 th floor, 5th District, Romania
Phone/Fax number: +4031.400.65.05/ +4031.400.65.06
Registration number with The Netherlands Chamber of Commerce Business Register and Dutch Legal Entities and Partnerships
Identification Number (RSIN):
Registration number with The Netherlands Chamber of Commerce Business Register: 34132532/29.03.2000
RSIN: 808800322
Romanian Tax Registration Code: RO 37449310
Share Capital: EUR 6,810,042.52
Number of shares in issue: 100,000,000 (out of which (i) 64,556,028 class A shares
with a nominal value of ten eurocents (€ 0.10) each and (ii) 35,443,972 class B shares, with a nominal value of one
eurocent (€ 0.01) each)
Number of listed shares: 35,443,972 class B shares
Regulated market on which the issued
securities are traded:
Bucharest Stock Exchange, Main Segment, Category
Int'l (Shares)
Important events to be reported: Availability of H1 2025 financial report
Digi Communications N.V. ("DIGI") informs the market that the H1 2025 financial report is available starting 14 August 2025, on the Company's website: https://www.digi-communications.ro/en/investorrelations/shares/financial-results-shares/half-year-reports-shares
Digi Communications N.V., one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, reports consolidated revenues (including revenues and other income) of EUR 560 million in the second quarter of 2025, an 18% increase compared to the same period of the previous year. Adjusted EBITDA decreased by 1% compared to the result from Q2 2024, reaching EUR 168 million due to the ramp-up of operations in Portugal, reflecting the higher initial investments necessary to support the expansion of customer base and services in this market.
This performance is sustained by solid growth in strategic markets and aligns with the management's expectations for the first half of 2025. Consequently, in the first semester of 2025, the Group recorded consolidated revenues and other income of EUR 1,113 million, a 21% increase versus 6M 2024, adjusted EBITDA of EUR 339 million (+2% vs 6M 2024).
Serghei Bulgac, CEO of Digi Communications, stated: "The first half of 2025 brought extraordinary operational results for our Group, as we approach the milestone of 30 million RGUs across our four key markets. Romania delivered very healthy revenue and RGU growth, Spain continued its strong double-digit expansion, and Italy maintained its upward trajectory in both turnover and client numbers. We are advancing in Portugal, aiming to grow our customer base and improve our operational efficiencies. I want to thank all our customers, those who have been with us for decades and those who have only recently decided to trust us, for enabling us to continue growing and improving our services."
In Q2 2025, Digi continued to grow across its entire service portfolio, reaching 29.8 million in revenue-generating user agreements (RGUs) across Romania, Spain, Italy and Portugal. This marks a 17% increase compared to Q2 2024 on an absolute basis.
The mobile segment stands out for generating the most RGUs within the Group's array of services, accounting for 49% of the overall clients across the four markets. Maintaining its momentum from past quarters, in Q2 2025, the mobile segment saw its RGUs climb to 14.5 million, a 22% increase, covering mobile telephony clients across Romania, Spain, Italy and Portugal.
In Romania, the mobile service segment reached 7 million RGUs as of the end of Q2 2025, a positive evolution of 13% compared to Q2 2024. Broadband services registered an increase of 7% in Q2 2025, compared to Q2 2024, up to 5 million RGUs, while the segment of Pay-TV services (cable and satellite) increased by 3% YoY up to 6 million RGUs. Together with fixed-line telephony, the total number of RGUs in the Romanian market amounted to 18.8 million customers as of Q2 2025, a 7% increase versus Q2 2024.
Spanish operations continued the strong performance in Q2 2025, with the number of users of fixed services, internet, and mobile telephony increasing by 29% compared to Q2 2024, to 9.7 million RGUs. Mobile users increased by 24% to 6.6 million RGUs, while broadband users increased by 35% to 2.3 million.
In Italy, mobile users increased by 12% YoY, reaching 512k RGUs as of the end of Q2 2025.
In Portugal, Digi Communications, launched commercial operations on November 4, 2024, offering a full range of telecommunication services, including mobile, fiber optic broadband internet, television, and fixed telephony. As of the end of Q2 2025, Portugal operations encompassed 789k RGUs, of which 420k were mobile and 144k were broadband users.
| Commercial indicators by market (RGU 000's) | Q2'25 | Q2'24 | Change (%) |
|---|---|---|---|
| Romania | 18,821 | 17,561 | 7.1% |
| Mobile services | 7,009 | 6,207 | 12.9% |
| Pay-TV | 5,957 | 5,773 | 3.2% |
| Broadband | 5,026 | 4,712 | 6.7% |
| Fixed telephony | 829 | 869 | -4.6% |
| Spain | 9,666 | 7,517 | 28.6% |
| Mobile services | 6,587 | 5,298 | 24.3% |
| Broadband | 2,266 | 1,675 | 35.3% |
| Fixed telephony | 723 | 544 | 32.9% |
| Pay-TV | 90 | - | - |
| Italy | 512 | 456 | 12.3% |
| Mobile services | 512 | 456 | 12.3% |
| Portugal | 789 | - | - |
| Mobile services | 420 | - | - |
| Broadband | 144 | - | - |
| Pay-TV | 127 | - | - |
| Fixed telephony | 98 | - | - |
| TOTAL | 29,788 | 25,534 | 16.7% |
For additional information, please contact us at [email protected]
Serghei Bulgac,
Chief Executive Officer
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