Interim results

3 months of 2025

Telia Lietuva, AB

Telia Lietuva provides telecommunication, IT & TV services in Lithuania from a single point

Telia Lietuva means

Wide range of services

The most developed networks

Modern data centres

Everything from a single point

Telia Lietuva means

Customer care 24/7/365

Quality of operations' management confirmed by ISO certificates

Team of 2,000 professionals

Sustainable and responsible business

We are part of international group

Our purpose

We reinvent better connected living

Our values

We Dare

Speed up Make the right decisions fast

Make it happen Enable everyone to make better happen

Radical honesty Call things out even when it´s difficult Look out for each other Treat everyone with respect

Walk in our customers' shoes Make customer experience your obsession

Celebrate the good stuff Be generous with your praise Less is more Do what matters most

One team Align goals and prioritize

1% a day Make small improvements every day

Telia Lietuva has an associate

50% VšĮ Numerio Perkėlimas

— Telia Lietuva provides integrated mobile and fixed communication and IT services

— Numerio Perkėlimas administers the central database to ensure telephone number portability in Lithuania (Tele2 and Bitė Lietuva owns 25% each)

Highlights of 3 months of 2025

#1 Service revenue went up by 3.3% driven by growth in revenue from mobile communication, broadband Internet, TV and IT services	#2 Improved profitability: adjusted EBITDA margin exceeded 40% benchmark	#3 From 1 January 2025, registration of new pre-paid SIM cards became obligatory in Lithuania	#4 Telia Play offered exclusive packages with Netflix and more top quality content
#5 Telia Lietuva recognized for the best customer care among telecommunication companies in Lithuania according to Shopper Quality public opinion poll	#6 Our social campaign: put mobile device into Telia's cardboard box for one hour a day and communicate with friends and family live	#7 We continue applying special tariffs for calls and mobile data services between Lithuania and Ukraine	#8 The Board of the Company proposed to pay EUR 0.11 dividend per share for the year 2024

Number of customers

Telecommunications market of Lithuania

Internet drives telco market growth (mEur)

Breakdown of the telecommunications market revenue by operators for 2024 (%)

Telia Lietuva market shares in terms of revenue for 2024 (%)

Market: growing usage of mobile data

+22.1% (y-o-y)

Growing usage of mobile data

(uploaded / downloaded 1,678 PB of data per year)

+0.8% (y-o-y)

Increased number of FTTH/B connections

(accounts for 80.9% of all fixed Internet connections)

-2.3% (y-o-y)

Number of IPTV users

(accounts for 60.9% of all pay-TV service users)

Source: Report of the Communications Regulatory Authority ¹⁵

Market penetration

Operating and financial results

Number of mobile and broadband service users

Mobile communication users (thousands)

Broadband Internet connections (thousands)

Number of TV and fixed voice service users

TV service users (thousands)

Fixed telephone lines (thousands)

Revenue & Earnings (mEUR)

Revenue EBITDA & Net profit

Dynamics of main financial indicators (mEur)

NOTE. Non-recurring items for the 3 months of 2025 were comprised of one-off redundancy pay-outs of EUR 336 thousand (2024: EUR 297 thousand) and non-recurring other expenses of EUR 137 thousand (EUR 405 thousand). For 3 months of 2024 there was recorded gain of EUR 140 thousand from sale of property.

Revenue breakdown (mEUR)

Operating expenses (mEur)

excl. non-recurring expenses

non-recurring expenses

Number of employees

Cash flow & Net debt (mEur)

Cash flow Net debt & Gearing ration

CAPEX & its breakdown for 3 months of 2025 (mEur)

Dividends

The Company's dividend policy provides that the Company must maintain the net debt to EBITDA ratio not higher than 1.5 and to pay out not more than 80% of free cash flow and not more than 100% of net profit as dividend
Earnings and dividends are allocated to 582,613,138 shares
The Board proposed to the Annual General Meeting of shareholders to be held on 28 April 2025 to approve pay-out of EUR 64.1 million (EUR 0.11 per share) of dividends for the year 2024

NOTE. Financial data for the year 2020 is consolidated, for the year 2021-2024 – standalone

Shares and shareholders

Shareholders

Telia Company AB (Sweden) is the largest shareholder of Telia Lietuva, AB
The Company's share capital consist of 582,613,138 ordinary registered shares of EUR 0.29 nominal value each
The total number of Telia Lietuva shareholders is 15.5 thousand

Shareholders

as of 31-03-2025

Telia Company AB Other

88.15% 11.85%

Part of shares and votes

Since June 2000, the Company's shares are listed on Nasdaq Vilnius stock exchange (ticker: TEL1L)
Since January 2011, the Company's shares were included into the trading lists of a few German stock exchanges (ticker: ZWS)
Turnover on Nasdaq Vilnius stock exchange during January-March 2025: 2.9 million of shares or EUR 4.7 million
Share price on Nasdaq Vilnius:

01-01-2025	High	Low	31-03-2025
1.57 €	1.655 €	1.465 €	1.64€

Market capitalization (mEur)

Trading in the Company's shares on Nasdaq Vilnius stock exchange in 2025

The company's share price and Nasdaq Vilnius indexes comparison

	Opening value	Closing value	Change %
OMX Baltic Benchmark GI	1,463.42	1,628.85	+11.3
OMX Vilnius GI	1,065.48	1,160.03	+8.87
TEL1L – Telia Lietuva	1.57	1.64	+4.13

P/E ratio: 12.6 (14.9 a year ago)

Corporate governance

Governing bodies

The Annual General Meeting of Shareholders will be held on 28 April 2025
The Company's Board shall consist of 6 members: 4 representing Telia Company and 2 are independent
Agneta Wallmark resigned from the Board as of 20 September 2024
3 members of the Board comprise Audit and Remuneration Committees
The current term of the Board ends on 27 April 2025 and Telia Company proposed to AGM to re-elect all 5 current members of the Board and elect a new member of the Board, Annelie Lakner, for new 2-years term
Shareholders elected KPMG Baltics, UAB as the Company's audit enterprise for 2024 and 2025
The Board elects and recalls CEO