AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

4iG Nyilvánosan Működő Részvénytársaság

Investor Presentation Aug 29, 2025

2005_rns_2025-08-29_a95fc6b0-745c-49f8-b7c1-4fd70041f4f8.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

FORWARD LOOKING STATEMENTS

THIS INFORMATION SHEET WAS PREPARED BY 4IG NYRT. (HEADQUARTERS: BUDAPEST 1013, KRISZTINA KÖRÚT 39.). THIS INVESTOR PRESENTATION CONTAINS FORWARD-LOOKING STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS ABOUT OUR BELIEFS AND EXPECTATIONS, ARE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS ARE BASED ON CURRENT PLANS, ESTIMATES AND PROJECTIONS, AND THEREFORE SHOULD NOT HAVE UNDUE RELIANCE PLACED UPON THEM. FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE THEY ARE MADE, AND WE UNDERTAKE NO OBLIGATION TO UPDATE PUBLICLY ANY OF THEM IN LIGHT OF NEW INFORMATION OR FUTURE EVENTS. FORWARD-LOOKING STATEMENTS INVOLVE INHERENT RISKS AND UNCERTAINTIES.

DATA PROCESSING

PLEASE NOTE THAT THIS EVENT IS BEING RECORDED FOR INTERNAL USE ONLY. BY JOINING THE PRESENTATION, YOU CONSENT TO BEING RECORDED. THIS PRESENTATION IS ALSO AVAILABLE IN THE "PRESENTATIONS FOR INVESTORS" SUBFOLDER OF OUR WEBSITE.

Contact information of the data protection officer: dr. Ágoston Csordás (agoston.csordas (@) 4ig.hu)

Purpose of data processing: Accurate recording of what was said during the presentation, to ensure that each of the participants acts based on authentic and clear information that can be accurately recalled later.

Legal basis for data management: The consent of the data subject and the legitimate interest of the data controller.

Legitimate interest: The data controller assumes responsibility for the information it provides, according to which the data controller's legitimate interest is to be able to faithfully recall the information provided in the event of a dispute or later question.

Duration of storage: Completion of the transcript of the presentation, but no later than 45 days after the presentation.

Rights of the data subject: You can request access to your personal data, its correction, deletion or restriction of processing, and you can object to the processing of personal data, and you have the right to data portability. You can withdraw your given consent later, but this does not affect the legality of the data processing carried out before the withdrawal.

Filing a complaint: You can file a complaint with the National Data Protection and Freedom of Information Authority with a possible violation of rights related to data management. Postal address: 1363 Budapest, Pf.: 9.

Address: 1055 Budapest, Falk Miksa st. 9-11.

E-mail: ugyfelszolgalat (@) naih.hu URL: http://naih.hu

INVESTOR PRESENTATION Q 2 A N D H 1 2 0 2 5 R E S U L T S 29 AUGUST 2025 BUDAPEST

Group Head of Investor Relations and Capital Markets

3

EARNINGS CALL AGENDA

FINANCIAL PERFORMANCE (Q2, H1) 3 SEGMENTS, GEOGRAPHIES (DEEP DIVE) 2 EXECUTIVE SUMMARY 5 KEY EVENTS AND NEWS IN Q2 2025, M&A 1 AMBITIONS 4 6 CREDIT RATINGS, ESG 7 Q&A SHARE PERFORMANCE 8 9 INTRODUCTION – MACROECONOMICS AND MARKET

EXECUTIVE SUMMARY

1

H1 2025 results are above plan despite no inflation price adjustment in Hungary:

Net sales revenues increased by 8.8% to HUF 350.8 billion, while reported EBITDA increased by 11.1% to HUF 122.6 billion and on a normalised basis EBITDA rose by 19% YoY to HUF 131.2 billion. Stable leverage, with the Net Debt/LTM EBITDA ratio at 3.8x (3.7x excluding change in non-cash items). Strong liquidity position and good access to capital markets. Affirmed BB-credit ratings with Stable Outlook.

4iG's Transformation Programme has reached its final milestone. The Group delivers values across its three strategic pillars: IT, Telco (with separated InfraCo and ComCo) and Space & Defence, while 4iG Plc. will continue to act as a holding company. Synergies are already visible, with full effect to be seen in H2 2025.

Launch of One brand in Hungary for 4iG Telco was a success, brand awareness exceeded legacy brands (Vodafone, Digi, Invitech, Antenna Hungária).

Delivering on growth pipeline, further consolidation of the telecommunications and TV market: acquisition of PR-Telecom, Netfone and CANAL+ (contracts). Rebranded shops, new webshop in Hungary. Migration of pre-paid to post-paid in the Balkans.

6

3

4

2

Space and Defence business development: 4iG Space&Defence and N7 Holding signed a preliminary agreement to establish the first Hungarian state- and privately-owned defence industry holding company.

Extensive international business development – MOU signed with e&, KGS, Mubadala, Edge, Azercosmos,

INTRODUCTION

MACRECONOMICS

MARKET SHARE

MACROECONOMIC ENVIRONMENT

STATISTICS OF HUNGARY

4.3% 0.1% 9.5 million persons 4.3% 75.3%
Inflation GDP Population Unemployment rate Employment rate
July 2025 Q2 2025 2025 June 2025 June 2025

INTEREST RATES

  • MNB base rate (HUF): 6.5% (unchanged since 25 September 2024)
  • ECB base rate (EUR) : 2.15% (decreasing trend, effective 11 June 2025)
  • Low-interest rate swap cost, favourable to continue hedging
  • Growth funding remains expensive

FX RATES

31-Dec-2023 31-Dec-2024 31-Mar-2025 30-Jun-2025
EURHUF 382,78 410,09 401,90 399,30
EURUSD 1,11 1,04 1,08 1,18
USDHUF 346,44 393,60 371,17 340,00

LEADING MARKET POSITIONS IN CORE GEOGRAPHIES

KEY EVENTS SINCE THE LAST EARNINGS CALL

KEY DOMESTIC EVENTS: UPDATE SINCE THE Q1 EARNINGS CALL

11th June

2025

H U N G A R Y

4iG SDT and N7 Holding have entered into a nonbinding Term Sheet, according to which 4iG SDT may acquire a 75% + 1 vote majority stake in a newly established holding company founded by N7 Holding, in a two-step transaction

24th June:

4iG's Transformation Programme launched in Q4 2023 has reached its final milestone as the supreme corporate bodies of AH Infrastruktúra Szolgáltató Zrt., Invitech ICT Infrastructure Kft., V-Hálózat Távközlési Zrt., and D-Infrastruktúra Távközlési Kft., have adopted resolutions on the merger into D-Infrastruktúra Távközlési Kft., which, following the merger, will operate under 2Connect Távközlési Infrastruktúra és Hálózati Szolgáltatások Kft.

27th June

The IT segment of the Transformation programme reached its next significant milestone with the fact that the supreme corporate bodies of 4iG IT, INNObyte Informatikai Zrt., and INNOWARE Informatikai és Tanácsadó Zrt., adopted resolutions on the merger into 4iG IT

2nd July

4iG Telco entered into a SPA to acquire 99% of the registered capital of the national telecommunications provider Netfone Telecom Kft.

July

16th July

4iG Telco concluded a SPA for the acquisition of 100% of shares in the regional telecommunications service provider PR-Telecom Zrt.

30th July

4iG SDT entered into a preliminary, nonbinding term sheet to acquire 63% of the registered capital of the helicopter maintenance service provider with a recognized presence at the regional level, HeliControl Kft.

June

17th June

The SPA concluded on 15th May between 4iG Telco and Corvinus was successfully closed, resulting in 4iG Telco becoming the 100% owner of both One and V-Hálózat

2nd July

4iG SDT and HM Electronics, Logistics and Property Management Private Company Limited by Shares entered into a cooperation agreement including a nonbinding MoU to explore strategic cooperation opportunities in the field of defence digitalisation and to identify opportunities for cooperation based on mutual benefits

5th August

4iG entered into an investment framework agreement with iG TECH II Magántőkealap and iG TECH III Magántőkealap, both managed iG TECH Capital Befektetési Alapkezelő Zrt owned by Gellért Jászai, in order to carry out a capital increase in 4iG SDT. The purpose of the capital increase is to finance investments in the aviation and/or space industries, as well as projects in industries related to the Hungarian defence sector

August

22nd July

The merger clearance procedure initiated based on the notification of 4iG's indirect subsidiary, DIGI Távközlési és Szolgáltató Kft., regarding the business transfer agreement concluded by DIGI on 26 July 2024, for the acquisition of the Hungarian satellite customer base of Direct One. The HCA determined that the merger does not decrease the competition on the relevant market

KEY FOREIGN EVENTS: UPDATE SINCE THE Q1 EARNINGS CALL

telecommunications and digital infrastructure

A B R O A D

11

SHARE PERFORMANCE

SHAREHOLDER INFORMATION OF 4iG PLC.

4iG Plc. is part of The Austrian Wiener Börse region CECE Index.

*Mr. Gellért Jászai's direct control Source: Budapest Stock Exchange

SHARE PRICE PERFORMANCE (HUF)

4iG Plc. is listed on the Budapest Stock Exchange

Market Cap (30th June 2025) HUF 548 bn (EUR 1.4 bn)

GROUP FINANCIALS: Q2 2025

4iG
Group
(HUF
Mn)
Q2
2024
PPA1 off2
One
Non
Realised
FX
difference3
Normalised
Q2
2024
Q2
2025
PPA1 off2
One
Non
Realised
difference3
FX
Normalised
Q2
2025
%
change
Net
Revenues
167,849 - - - 167,849 179,367 - - - 179,367 6.9%
Other
operating
income
-5,562 - - - -5,562 453 - - - 453 -108%
Total
income
162,287 - - - 162,287 179,820 - - - 179,820 11%
Capitalised
value
of
own produced
assets
4,690 - - - 4,690 4,757 - - - 4,757 1%
Raw
materials
and
consumables
used
-47,873 - - - -47,873 -47,454 476 - - -46,978 -2%
Services
used
-28,720 - 1,134 - -27,586 -33,004 - 3,121 - -29,883 8%
Personnel
expenses
-30,525 - - - -30,525 -33,660 - - - -33,660 10%
Other
expenses
-3,751 70 - - -3,681 -8,044 5
6
- - -7,988 117%
Operating
costs
-110,869 70 1,134 - -109,665 -122,162 532 3,121 - -118,509 8
%
EBITDA 56,108 70 1,134 - 57,312 62,415 532 3,121 - 66,068 15.3%
EBITDA
margin
33.4% - - - 34.1% 34.8% - - - 36.8% 2.7pp
Depreciation
and
amortisation
-45,865 6,202 - - -39,663 -48,999 6,011 - - -42,988 8%
EBIT 10,243 6,272 1,134 - 17,649 13,416 6,543 3,121 - 23,080 31%
Financial
income
-190 - - -1459 -1,649 7,245 - - -2,892 4,353 -364%
Financial
expenses
-13,647 192 - - -13,455 -20,290 77 - - -20,213 50%
of
profit
of
Share
associate
and
joint
ventures
-382 - - - -382 -450 - - - -450 18%
(PBT)
Profit
before
taxes
-3,976 6,464 1,134 -1,459 2,163 -79 6,620 3,121 -2,892 6,770 213%
Income
taxes
-1,306 -619 - - -1,925 -959 -716 - - -1,675 -13%
/
Profit
after
Loss
Tax
-5,282 5,845 1,134 -1,459 238 -1,038 5,904 3,121 -2,892 5,095 n/a

Net sales revenue increased by 11% YoY, primarily driven by the telecommunications segment. This growth was fuelled by the expansion of the postpaid mobile subscriber base and a rise in ARPU (Average Revenue Per User). The IT/SI (Information Technology/System Integration) segment also contributed positively to revenue growth, mainly due to the successful implementation of the Elderly Care program and other IT projects.

Depreciation and amortisation: Due to increased balance of assets, the Group recorded 8% higher depreciation in H1 2025 compared to the same period of the previous year (normalised).

Financial income and expenses: Thanks to favourable exchange rate movements, the Group recognised HUF 1.4 billion higher unrealised foreign exchange gains (primarily related to the Vodafone acquisition loan). However, normalised financial results did not change significantly compared to the same period of the previous year.

*Modified results

1PPA (Purchase Price Allocation effect): Subsequent fair value restatements of assets and liabilities of previously acquired subsidiaries, recognised in the income statement, which do not involve cash outflow.

2One-off items: Costs related to the Group's transformation and restructuring.

3Unrealised foreign exchange gain/loss adjustment: Revaluation differences arising from the year-end remeasurement of assets and liabilities denominated in foreign currencies (primarily the Vodafone acquisition loan)

GROUP FINANCIALS: H1 2025

4iG
Group
(HUF
Mn)
2024
H1
PPA1 off2
One
Realised
Non
FX
difference3
Normalised
H1
2024
2025
H1
PPA1 off2
One
Realised
Non
difference3
FX
Normalised
H1
2025
change
%
Net
Revenues
322,481 - - - 322,481 350,827 - - - 350,827 8.8%
Other
operating
income
2,107 - - - 2,107 1,492 - - - 1,492 -29%
income
Total
324,588 - - - 324,588 352,319 - - - 352,319 9%
of
Capitalised
value
own produced
assets
8,446 - - - 8,446 7,840 - - - 7,840 -7%
Raw
materials
and
consumables
used
-91,517 - - - -91,517 -94,400 476 - - -93,924 3
%
Services
used
-54,515 - 1,526 - -52,989 -65,096 - 8,159 - -56,937 7%
Personnel
expenses
-55,292 - - - -55,292 -62,869 - - - -62,869 14%
Other
expenses
-21,374 70 - - -21,304 -15,243 5
6
- - -15,187 -29%
Operating
costs
-222,698 70 1,526 - -221,102 -237,608 532 8,159 - -228,917 4
%
EBITDA 110,336 70 1,526 - 111,932 122,551 532 8,159 - 131,242 17.3%
EBITDA
margin
33.4% - - - 34.7% 34.8% - - - 37.4% 2.7pp
Depreciation
and
amortisation
-90,239 12,324 - - -77,915 -94,324 11,970 - - -82,354 6
%
EBIT 20,097 12,394 1,526 - 34,017 28,227 12,502 8,159 - 48,888 44%
Financial
income
3,567 - - - 3,567 15,416 - - -7,737 7,679 115%
Financial
expenses
-42,705 383 - 8,118 -34,204 -37,522 269 - - -37,253 9%
of
profit
of
Share
associate
and
joint
ventures
-399 - - - -399 -1,015 - - - -1,015 n.a.
(PBT)
Profit
before
taxes
-19,440 12,777 1,526 8,118 2,981 5,106 12,771 8,159 -7,737 18,299 n.a.
Income
taxes
-3,976 -1,203 - - -5,179 -6,254 -1,292 - - -7,546 46%
Profit
/
after
Loss
Tax
-23,416 11,574 1,526 8,118 -2,198 -1,148 11,479 8,159 -7,737 10,753 n.a.

Net sales revenue increased by 9% year-over-year, primarily driven by the telecommunications and the IT/SI (Information Technology/System Integration) segments. The growth of the telecommunication segment fuelled by the postpaid mobile subscriber base growth and an ARPU (Average Revenue Per User) increase. The growth of the IT/SI (Information Technology/System Integration) segment thanks to the successful implementation of the Elderly Care program and other IT projects.

Depreciation and amortisation: Due to the increased asset base, the Group recorded 6% higher depreciation in H1 2025 compared to H1 2024 (normalised).

Financial income and expenses: Unlike the same period of the previous year, HUF 7.7 billion of unrealised foreign exchange gains were recognised (H1 2024: HUF 8.1 billion foreign exchange loss).

*Modified results

1PPA (Purchase Price Allocation effect): Subsequent fair value restatements of assets and liabilities of previously acquired subsidiaries, recognised in the income statement, which do not involve cash outflow.

2One-off items: Costs related to the Group's transformation and restructuring.

3Unrealised foreign exchange gain/loss adjustment: Revaluation differences arising from the year-end remeasurement of assets and liabilities denominated in foreign currencies (primarily the Vodafone acquisition loan)

SEGMENTS

GEOGRAPHIES

DEEP DIVE

4iG SPACE & DEFENCE


NATO
budget
and
its
member
states
budget
for
defence
is
dramatically
increasing
MARKET
Demand
for
drone
and
satellite-based
solutions
is
increasing
across
both
government
and
industrial
sectors

4iG
Space&Defence
signed
a
non-binding
Term
Sheet
with
N7
Holding,
a
state-owned
holding
company
in
Hungary,
for
the
acquisitions
of
a
majority
stake
in
a
portfolio
of
companies
in
the
traditional
aerospace
and
defence
sector
(weapons,
ammunition,
ground
vehicles,
aircraft
MRO
etc.)
BUSINESS
The
satellite
program
of
4iG
Space&Defence,
HUSAT
advances
on
track.
Construction
of
Remtech
Space
Technology
MAIT
centre
proceeds
as
planned

SpaceCom
debt
restructuring
offer
is
under
consideration
by
4iG
management

REMRED
MAIT
centre
development
is
on
track
COOPERATIONS
Memorandum
of
Understandings
signed
with
e&,
KGS,
Mubadala,
Edge,
Azercosmos,
Creotech
and
Eutelsat
SA,
CONDOR,
HeliControl,
KGS

Strong growth via M&A
AMBITIONS
New product development / service offering

Explore synergies in acquired companies

4iG HUNGARY TELECOMMUNICATION

COMCO HUNGARY INFRACO HUNGARY

MARKET
Cross-sell
campaigns
for
FTTH
began
in
June
for
a
limited
target
group

6k
new
FTTH
HP
deployed
in
June,
material
impact
on
connections
is
expected
Q3
onwards
MARKET
Strategic
negotiations
are
under
way
with
main
competitors
to
expand
wholesale
activities

Network
development
started

a
shift
from
copper
networks
to
optical

Significant
investment
in
optical
wire
rollout
BUSINESS
DIGI-One
fixed
soft
migrations
are
progressing

New
web
shop
launched

Less
than
6
months
post-rebranding,
spontaneous
awareness
for
One
exceeded
former
Vodafone/DIGI
levels

B2C
mobile
contract
base
up
(3.4k)
and
mobile
disconnection
rates
improved
in
all
B2C
segments

B2B
contracts
increased
(60k)
driven
by
BUSINESS
Operational
excellence
from
the
transformation
programme
is
starting
to
materialise

HFC
modernisation
and
fibre
roll-out
for
improved
services
to
clients

There's
an
ongoing
OSS/BSS
consolidation
underway
with
the
B2C
IT
sector

Develop
a
fully
modernised
HFC
network
significant
new
bookings
in
fixed
services
AMBITIONS with
significant
green
and
brownfield
fibre
investments

Roll-out
of
FTTH
in
existing
sDSL
areas
as
a

Invest
in
mobile
networks,
specifically
5G
cost-effective
solution
to
lower
operational
costs
AMBITIONS
Continuous
growth
in
the
mobile
sector

Increase
network
resiliency

Keep
building
on
strong
brand
image
and
awareness

Offer
3P,
4P
together
with
better
TV
boxes
and
increase
upload
speed.

4iG WESTERN BALKANS TELECOMMUNICATION

ALBANIA MONTENEGRO


One
has
the
fastest
download
speed
based
on
Omnitele
benchmark
(June
2025)

Won
the
prestigious
UMLAUT
BEST
IN
TEST
award
for
the
best
mobile
network
in
Montenegro
for
the
second
time
in
a
row
MARKET
Improvement
in
all
customer
segments,
achieving
the
best
NPS
scores
since
August
2023
MARKET
New
law
on
electronic
communications
impacts
may
be
observed
during
2025

Continued
promotional
campaigns
offering
handsets
and
discounted
bundles
BUSINESS
Launch
of
One
Safe,
a
new
security
and
parental
control
service
designed
to
enhance
online
safety
for
customers
BUSINESS
Commercial
activities
were
focused
on
consumer
postpaid
performance
through
duo
propositions
for
new
and
existing
customers

ERP
improvements
for
further
efficiency

Summer
campaign
launch
which
offered
phone
discounts
up
to
200
EUR

Improved
deployment
with
Telco
CRM
system

Prepaid
summer
campaign
offers
differing
tariffs
through
retail
and
online
channels
AMBITIONS
Keep
and
grow
in
the
mobile
sim
market
and
accelerate
growth
in
fixed
services

Maintain
a
strong
position
and
keep
the
status
of
best
network
in
Montenegro

Boost
revenues
through
postpaid
growth,
broadband,
5G,
OTT
TV
and
e-SIM
AMBITIONS
Continue
growth
in
the
B2C
voice
SIM
market

Increase
digitalisation
capabilities
in
IT
system
and
enhance
network
utilisation

Accelerate
growth
by
investing
in
and
integrating
new
services
such
as
TV
and

Maintain
strong
operational
discipline
to
deliver
excellence
high-speed
internet

4iG TELECOMUNICATION REGIONAL MARKET SHARES

Mobile Market

4iG INFORMATION TECHNOLOGY AND SYSTEM INTEGRATION

Western
Balkan
region,
defence
industry
Explore
cross
segment
synergies
MARKET Unfavourable
circumstances
persist
with
low
GDP
growth,
late
EU
funds,
and
low
investment
appetite
due
to
moderate
interest
rates
BUSINESS
Stable
income
and
profit
generation
by
long-standing
customers:
projects
with
efficient
resource
management

Growth
in
the
elderly
care
project

• Explore the use of Artificial intelligence in the market

• Growth via small acquisitions

AMBITIONS

BREAKDOWN BY SEGMENTS: Q2 2025

Net Revenue Split (HUF Mn)

Segment Q2 2024
(actual)1
Q2 2025
(actual)
% change
I
T
25,047 25,6
47
2
%
Telco 149
,9
46
156
,86
3
5
%
Space & Defence 1,9
54
2,201 13%
Holding2 2,277 10,89
4
n.a
3
Eliminations
-11,375 -16
,238
n.a
Total 16
7,849
179
,36
7
6
.9
%

EBITDA Split (HUF Mn)

Q2 2024
(actual)1
Q2 2025
(actual)
% change
2,6
10
4,287 6
4%
57,9
9
4
59
,36
2
2
%
9
12
-54 n.a
-4,89
2
-9
9
0
n.a
-517 -19
0
n.a
56
,108
6
2,415
11.2%

Net Revenue Split4 (% of total)

1 Modified actual results

2Holding Segment: includes expenses related to strategic and operational governance of the Group and the one-off items not allocated to the operative segment. 3 Elimination of the intra-segment transactions within the Group

4 Note: Net Revenue and EBITDA impacts of Eliminations and Holding segment are excluded from the total for Net Revenue and EBITDA split calculation purposes displayed on the charts

BREAKDOWN BY SEGMENTS: H1 2025

Net Revenue Split (HUF Mn)

H1
2024
H1
2025
Segment
%
(actual)1
(actual)
I
T
40
157
46
432
16
289
86
9
310
006
Telco
7
Defence
Space
&
3
833
4
302
3
731
18
415
Holding2
n.a
3
110
-28
329
-15
Eliminations
n.a
322
481
350
827
Total
8
,
change
%
%
12%
8%

EBITDA Split (HUF Mn)

Segment H1 2024
(actual)1
H1 2025
(actual)
% change
I
T
5,500 7,09
8
29
%
Telco 110,9
47
117,384 6
%
Space & Defence 1,753 19
7
n.a
Holding2 -7,228 -1,712 n.a
3
Eliminations
-6
37
-415 n.a
110,336
Total
122,551 11.1%

Net Revenue Split4 (% of total)

1 Restated actual results

2Holding Segment: includes expenses related to strategic and operational governance of the Group and the one-off items not allocated to the operative segment. 3 Elimination of the intra-segment transactions within the Group

4 Note: Net Revenue and EBITDA impacts of Eliminations and Holding segment are excluded from the total for Net Revenue and EBITDA split calculation purposes displayed on the charts

H1 2025 FINANCIAL DEBT AND CAPITALISATION

FINANCIAL METRICS
HUF Mn
30 June 2025 31 March 2025 45657
Credits & loans & bonds
(long-term)
756 527 761 298 768 646
Other long-term liabilities 17 974 13 162 4 471
Financial lease liabilities
(long-term)
139 539 142 592 130 015
Credits & loans
(short-term)
33 739 19 924 10 050
Financial lease liabilities
(short-term)
28 599 31 276 29 828
TOTAL DEBT 976 378 968 252 943 011
Cash and cash equivalents 76 282 76 182 60 559
NET DEBT 900 096 892 070 882 452
Share Price (HUF) 1 834 1 640 924
MARKET CAP
(HUF Mn)
548 504 490 483 276 345
ENTERPRISE VALUE
(HUF Mn)
1 448 600 1 382 553 1 158 797
NET DEBT/ LTM EBITDA (x) 3,7 3,8 3,7

2025 GUIDANCE

Outlook2025 outlook remains positive, underpinned by progress on multi-country integration and growing demand for digital connectivity and defence technologies.

Revenue growth is expected to be above 10%, primarily driven by telecommunications (organic and inorganic) and public sector IT services.

EBITDA

Revenue

EBITDA is expected to grow due to synergy effects of the transformation programme, organic and inorganic growth (Netfone, PR-Telecom, Canal+, Space&Defence segment)

CREDIT RATINGS

ESG

STABLE THIRD-PARTY CREDIT RATING

Issuer rating BB
Outlook Stable
Long-term senior
unsecured debt rating
BB
Last review May 2025, affirmation
Last change December 2024
Outlook revised
to
Stable

https://scoperatings.com/ratings-and-research/rating/EN/178811

30

KEY ESG FACTORS AND UNDERTAKINGS

THE 4iG GROUP LATEST RESULTS IN THE ESG FIELD

ENVIRONMENT

• 4iG Group Green House Gas emissions

•Total GHG emissions Scope 1,2,3 –marketbased: – 170 255 tCO2e

•Total GHG emissions Scope 1,2,3 – location-based: – 130 356 tCO2e

  • The 4iG Group has prepared the first Consolidated Sustainability Statement* in accordance with the CSRD (ESRS) standard.
  • The 4iG Group's electricity procurement for 2025 will be covered 100% by renewable energy sources for its Hungarian subsidiaries, where the 4iG Group is the contracting authority.

• The 4iG Group received the Gold Level "Responsible Employer" certification in 2025 from OFA.

SOCIAL

The certification process evaluated nine areas of human resources, including:

  • Our benefits system and trainings: professional/soft skills and language trainings, e-learning system, Welcome Day, Padawan Internship Program
  • Our health and well-being programs: 4iG Care program with health insurance
  • 4iG is a founder of the Digital Society Foundation and the ONE Foundation which continue to operate under 4iG Group

GOVERNANCE

• The 4iG Group has 20 Subsidiaries/Affiliates where operates 56 certified management systems based on 11 international standards and further 8 system implementation in progress

Certified management systems:

  • ISO 9001 – Quality
  • ISO 14001 – Environmental
  • ISO/IEC 27001 – Information security
  • ISO 37001 – Anti-bribery
  • ISO 45001 – Health and safetyISO 50001 – Energy
  • management
  • ISO/IEC 27701 – Data protection
  • ISO/IEC 20000-1 – IT service management
  • ISO/IEC 19770-1 – IT asset management
  • AQAP 2110 – NATO quality assurance
  • TISAX – Information security for automotive industry

*Our latest Consolidated Sustainable Statement available here as a part of the Annual report.

Q&A INVESTOR NEWSLETTER COMING SOON

4IG.HU/FOR -INVESTORS

[email protected]

INVESTOR RELATIONS

DISCLAIMER

WE CAUTION YOU THAT A NUMBER OF IMPORTANT FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN ANY FORWARD-LOOKING STATEMENT. IN ADDITION TO FIGURES PREPARED IN ACCORDANCE WITH IFRS, 4IG ALSO PRESENTS OTHER FINANCIAL PERFORMANCE MEASURES, INCLUDING, AMONG OTHERS, EBITDA, EBITDA AL, EBITDA MARGIN, AND NET DEBT. THESE OTHER MEASURES SHOULD BE CONSIDERED IN ADDITION TO, BUT NOT AS A SUBSTITUTE FOR, THE INFORMATION PREPARED IN ACCORDANCE WITH IFRS. THESE OTHER FINANCIAL PERFORMANCE MEASURES ARE NOT SUBJECT TO IFRS OR ANY OTHER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. OTHER COMPANIES MAY DEFINE THESE TERMS IN DIFFERENT WAYS.

THIS PRESENTATION DOES NOT QUALIFY AS AN INVESTMENT OFFER, ACCORDING TO § 5 PARAGRAPH 1, POINT 9 OF THE CAPITAL MARKETS ACT, AND DOES NOT CONTAIN ANY ANALYSIS, PROPOSAL OR OTHER INFORMATION ABOUT INVESTMENT ANALYSIS, FINANCIAL INSTRUMENT, STOCK MARKET PRODUCT OR ITS ISSUER (ISSUERS), THE PUBLICATION OF WHICH, BY ITSELF OR IN ANOTHER WAY, MAY INFLUENCE THE INVESTOR TO INVEST HIS OWN OR OTHER PEOPLE'S MONEY , OR MAKE YOUR OTHER ASSETS PARTIALLY OR ENTIRELY DEPENDENT ON THE EFFECTS OF THE CAPITAL MARKET, BSZT. (ACT ON INVESTMENT COMPANIES AND COMMODITY EXCHANGE SERVICE PROVIDERS) § 4. UNDER PARAGRAPH (2) POINT 8.

Talk to a Data Expert

Have a question? We'll get back to you promptly.