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4iG Nyilvánosan Működő Részvénytársaság

Investor Presentation Nov 29, 2025

2005_rns_2025-11-29_c0fbf052-de1e-49b9-adc6-0b9056bbf7e7.pdf

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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.

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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

SPEAKERS

Group CEO

Péter Fekete Barna Gáspár

Group Head of Investor Relations and Capital Markets

EARNINGS CALL AGENDA

  • EXECUTIVE SUMMARY 1
  • 2 INTRODUCTION – MACROECONOMICS AND MARKET
  • 3 KEY EVENTS AND NEWS IN Q3 2025, M&A
  • 4 SHARE PERFORMANCE
  • FINANCIAL PERFORMANCE (Q3, 9M) 5
  • SEGMENTS, GEOGRAPHIES (DEEP DIVE) 6
  • AMBITIONS 7
  • CREDIT RATINGS, ESG 8
  • Q&A 9

EXECUTIVE SUMMARY

1

5

4iG Group presents its strong results as an IT, Telco and Space&Defence champion in the region:

  • Net sales revenues increased by 8% to HUF 538.1 billion, while EBITDA rose by 17% YoY to HUF 203.3 billion on a normalised basis. Disciplined financial policy, with Net Debt/LTM EBITDA ratio at 3.4x. Excellent liquidity and good access to capital markets support the ambitions of the Group.
  • 2 Space and Defence business in development: 4iG SDT and N7 Holding signed a preliminary agreement to establish the first Hungarian state- and privately-owned defence industry holding company.
  • 3 The Group's transformation programme delivered the intended results, establishing a more resilient operating model centred on IT, Telecommunications, and Space & Defence. The refined approach enables stronger commercial focus, improved scalability, and enhanced synergies across domestic and international operations.
  • 4iG strengthened its global footprint through new strategic collaborations and MoUs with leading international partners including e&, KGS, Mubadala, Edge, Azercosmos, Creotech, Eutelsat SA, CONDOR, AXIOM, CSG, and GEANT (European Commission subsea cable initiative). 4
    • 4iG's strengthened operational profile and strategic repositioning continue to drive investor confidence. The Group's market capitalisation has increased significantly in 2025, with the share price increasing over 419% since the beginning of the year, reflecting growing recognition of 4iG's long-term growth potential and the value of its diversified portfolio.

INTRODUCTION MACROECONOMICS MARKET SHARE

MACROECONOMIC ENVIRONMENT

7

STATISTICS OF HUNGARY

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
30-Sep
2025
24-Nov
2025
EURHUF 382.78 410.09 401.90 399.30 391.11 383.04
EURUSD 1.11 1.04 1.08 1.18 1.17 1.15
USDHUF 346.44 393.60 371.17 340.00 332.69 332.21

Source: KSH

LEADING MARKET POSITIONS IN CORE GEOGRAPHIES

KEY EVENTS SINCE THE LAST EARNINGS CALL

KEY DOMESTIC EVENTS: UPDATE SINCE THE Q2 EARNINGS CALL

KEY FOREIGN EVENTS: UPDATE SINCE THE Q2 EARNINGS CALL

8th September 4iG S&D and CSG Defence signed a non-binding MoU.

If 4iG SDT EGY successfully completes the RÁBA takeover and due diligence, CSG Defence may acquire 49% of 4iG SDT EGY, indirectly up to 37% of RÁBA Plc

19th September

One Macedonia and Ericsson signed a nonbinding Letter of Intent to build the first standalone (SA) 5G mobile networks in the Western Balkans, with Ericsson providing end-to-end design, delivery and commissioning

13th October

4iG, the European Commission and GÉANT signed a joint declaration to promote secure, high-quality digital connectivity across the Western Balkans and strengthen links with the EU

10th November

4iG SDT and EUTELSAT SA signed a frequency license agreement connected to frequency usage rights and orbital positions affecting the performance of the HUSAT programme announced on 20 November 2024

2025 B R O

A

A D

September October November

3rd October

4iG SDT signed a non-binding Letter of Commitment with Axiom Space Inc to reaffirm their intent to implement cooperation in several key domains. The Parties will work to bring advanced space infrastructure and innovation initiatives to Hungary and other key markets

30th October

SpaceCom, a company in which 4iG holds a 20% minority share – on 29th September 2025, published its announcement on a rights offering in the Tel Aviv Stock Exchange (TASE), which represents the first step of Spacecom's new court-approved debt settlement plan.The settlement process has since been completed with 4iG maintaining its ownership share in this financial investment

SHARE PERFORMANCE

SHAREHOLDER INFORMATION OF 4iG PLC.

KEY SHAREHOLDERS OF 4IG PLC. AS OF 30 SEPTEMBER 2025

SHARE PRICE PERFORMANCE (HUF)

Budapest Stock Exchange BUX and BUMIX indices

Wiener Börse region CECE Index

FTSE Global Equity Index Series Mid Cap Index

4iG Plc. is listed on the Budapest Stock Exchange Market Cap

(24th November 2025)

HUF 1,434 bn (EUR 3.74 bn)

FINANCIAL PERFORMANCE

4iG GROUP FINANCIALS: Q3 2025

4iG Group
(HUF Mn)
*Q3
2024
PPA 1 One
off 2
Non Realised
FX difference 3
Normalised
Q3 2024
Q3 2025 PPA 1 One
off 2
Non Realised
FX difference 3
Normalised
Q3 2025
% chang
Net Revenues 176,176 · · . ] · - - 176,176 187,258 - - 187,258 6%
Other operating income 748 ···· - = 748 1,620 _ - - 1,620 117%
Total income 176,924 - - - 176,924 188,878 - - - 188,878 7 %
Capitalised value of own produced assets 4,621 - - - 4,621 4,993 - - - 4,993 8%
Raw material and consumbles used -53,280 * _ -53,280 -53,179 - - -53,179 0%
Services used -32,760 1,638 = -31,122 -31,692 - 3,974 - -27,718 -11%
Personnel expenses -25,975 ~ - = -25,975 -32,748 - - - -32,748 26%
Other expenses -10,091 31 _ = -10,060 -6,142 - - - -6,142 -39%
Operating costs -122,106 31 1,638 - -120,437 -123,761 - 3,974 - -119,787 -1%
EBITDA 59,439 31 1,638 _ 61,108 70,110 - 3,974 - 74,084 21%
EBITDA margin 33.7% - - · · · · · · · · · · · · · · · · · · · 34.7% 37.4% - - - 39.6% 4.9pp
Depreciation and amortisation -44,853 5,842 - -39,011 -48,738 5,852 - - -42,886 10%
EBIT 14,586 5,873 1,638 - 22,097 21,372 5,852 3,974 - 31,198 41%
Financial income 1,923 *** _ 843 2,766 8,370 - - -6,444 1,926 -30%
Financial expenses -18,402 192 _ -18,210 -17,859 20 - - -17,839 -2%
Share of profit of associate and joint ventures 73 _ - - 73 -433 - - - -433 -693%
Profit before taxes (PBT) -1,820 6,065 1,638 843 6,726 11,450 5,872 3,974 -6,444 14,852 121%
Income taxes -1,080 -543 - - -1,623 -2,378 -437 - - -2,815 73%
Profit / Loss after Tax -2,900 5,522 1,638 843 5,103 9,072 5,435 3,974 -6,444 12,037 n/a

Net sales revenue increased by 6% 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 programme and other IT projects.

Depreciation and amortisation: Due to increased volume of property, plant and equipment, intangible assets and leased assets, the Group recorded depreciation charges in the first three quarters of 2025 that were 10% higher than a year earlier.

Financial income and expenses: Thanks to favourable exchange rate movements, the Group recognised HUF 6.4 billion of unrealised foreign exchange gains (primarily related to the Vodafone acquisition loan), whereas in the same period of the previous year HUF 0.8 billion of foreign exchange losses were recorded. The amount of realised foreign exchange differences also showed a significant increase (Q3 2025: HUF 2.5 billion foreign exchange gain vs. Q3 2024: HUF 0.7 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.

<sup>2One-off items: Costs related to the Group's transformation and restructuring.
3Unrealised foreign exchange gain/loss adjustment: Revaluation differences arising from the period end remeasurement of assets and liabilities denominated in foreign currencies (primarily the Vodafone acquisition loan)

4iG GROUP FINANCIALS: 9M 2025

4iG Group
(HUF Mn)
9M 2024* PPA 1 One
off 2
Non Realised
FX difference 3
Normalised
9M 2024
9M 2025 PPA 1 One off 2 Non Realised
FX difference 3
Normalised
9M 2025
% chang
Net Revenues 498,657 - 1 . 498,657 538,085 10 (10 1 4 ) 10 538,085 8%
Other operating income 2,855 . 2,855 3,112 - - - 3,112 9%
Total income 501,512 - - - 501,512 541,197 - - - 541,197 8%
Capitalised value of own produced assets 13,067 - - - 13,067 12,833 - - - 12,833 -2%
Raw material and consumbles used -144,797 - *** -144,797 -147,579 476 - . 7 / / / -147,103 2%
Services used -87,275 - 3,164 = 1 -84,111 -96,788 - 10,074 - -86,714 3%
Personnel expenses -81,267 - - - -81,267 -95,617 - - - -95,617 18%
Other expenses -31,465 101 _ - . -31,364 -21,385 56 - - -21,329 -32%
Operating costs -344,804 101 3,164 - -341,539 -361,369 532 10,074 - -350,763 3%
EBITDA 169,775 101 3,164 173,040 192,661 532 10,074 203,267 17%
EBITDA margin 34.0% - 1.7 rans i sin a 34.7% 35.8% - - - 37.8% 3.1pp
Depreciation and amortisation -135,092 18,166 - 1.1.1.1- -116,926 -143,062 17,822 - - -125,240 7%
EBIT 34,683 18,267 3,164 - 56,114 49,599 18,354 10,074 - 78,027 39%
Financial income 5,490 - • - . 1. 1. 1 - 5,490 23,786 - - -14,181 9,605 75%
Financial expenses -61,107 575 = 8,961 -51,571 -55,381 288 - - -55,093 7%
Share of profit of associate and joint ventures -326 _ **** - - -326 -1,448 - - - -1,448 344%
Profit before taxes (PBT) -21,260 18,842 3,164 8,961 9,707 16,556 18,642 10,074 -14,181 31,091 220%
Income taxes -5,056 -1,746 - - -6,802 -8,632 -1,728 - - -10,360 52%
Profit / Loss after Tax -26,316 17,096 3,164 8,961 2,905 7,924 16,914 10,074 -14,181 20,731 n/a

Net sales revenue: Increased by 8% 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 recognised normalised depreciation charges that were 7% higher than in the previous period.

Financial income and expenses: In contrast with the same period of the previous year, the Group recorded a combined realised and unrealised foreign exchange gain of HUF 16.4 billion (of which HUF 14.2 billion unrealised, whereas in the first three quarters of 2024 a combined foreign exchange loss of HUF 9.9 billion (of which HUF 9 billion unrealised) was reported.

*Modified results

<sup>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.

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

4iG SEGMENT REVENUE GROWTH JOURNEY

Data in HUF million

4iG PROFITABILITY GROWTH EBITDA BRIDGE

SEGMENTS

GEOGRAPHIES

DEEP DIVE

4iG SPACE & DEFENCE TECHNOLOGIES

MARKET

  • Under the EU's new EUR 150 billion SAFE financial instrument, Hungary may access up to EUR 16.2 billion for defence procurements and industrial investments, which could improve the medium-term outlook for domestic market participants
  • Buyside activities strengthened on defence sector internationally, particularly in the USA and the EU

BUSINESS

  • The total capital increase valued at HUF 96 billion, has been carried out in two stages, the first phase conducted on 15 September. With the transactions, the two private equity funds will acquire a stake of 49% in 4iG Űr és Védelmi Technológiák Zrt. holding company (subject to due diligence and valuations)
  • The majority position in N7 Defence Zrt. gives a direct integration platform over several previously stateowned defence assets
  • Alongside HeliControl, 4iG S&D is working on taking over Aeroplex via the N7 structure, signalling a future integrated civil–defence aviation MRO vertical
  • Space ambitions progressed QoQ and HUSAT was made more accomplished by securing licences for orbit and frequency from Eutelsat, and by pushing domestic spectrum conditions

AMBITIONS

  • Build an integrated Hungarian space–air–land-cyber defence/tech group with real industrial depth and regional reach
  • Use international/regional partners to open export channels and scale while strengthening Hungary's defence sovereignty
  • Establish internal governance, programme management and industrial integration capabilities to deploy capital, integrate defence assets, and position the company to draw on upcoming international and domestic defence funds from 2026

COOPERATIONS

  • Binding MoU with EUTELSAT secured frequency/orbital positions needed for the HUSAT satellite programme
  • CSG Group strategic partnership and option linked to the planned Rába Automotive Holding PLC acquisition, grants Hungarian exclusivity for TATRA military vehicles and a Győr-centred industrial hub concept

BACKLOG

  • 4iG SDT has a backlog of EUR 1.37bn of signed commercial contracts (equivalent to around 523 HUF Bn)
  • 4iG Space & Defence signed a multi-year contract with a European NATO member state for the provision of Earthobservation, data-processing and telecommunications services, with a total contract value amounting to several hundred million euros over the full term

4iG HUNGARY TELECOMMUNICATION

MARKET

  • PR-Telecom and CANAL+ Direct One's Hungarian satellite customer base (contracts) acquisitions approved by the Hungarian Competition Authority
  • Voluntary price-freeze in Hungarian B2C may continue until mid-2026
  • Telecom windfall tax phased out in Hungary

BUSINESS

  • Strengthened cross-sell activity; fixed/mobile retention boosted with new offers from mid-September
  • 4iG's transformation program has launched a new organisation; ComCo/InfraCo separation completed (1 Oct 2025)
  • Brand awareness is rising and nearing the firstyear target
  • B2C mobile base and MNP revenue outperform plans, boosting ARPU; fixed BB/TV growth remains on track (single-digit)
  • B2B mobile market share grew year-on-year

AMBITIONS

  • Invest in mobile networks, specifically 5G
  • Continuous growth in the mobile sector
  • Keep building on strong brand image and awareness
  • Offer 3P, 4P together with better TV boxes and increase upload speed

ONE 2CONNECT

MARKET

  • Strategic negotiations are under way with main competitors to expand wholesale activities
  • Master Service Agreement core tenant have been finalised
  • Favourable tax policies for investments
  • Division of ComCo and InfraCo businesses

BUSINESS

  • Introduction of the 2Connect brand
  • HFC modernisation and fibre roll-out for improved services to clients
  • Field Force: a continuous effort for improved harmonisation and efficiency
  • Successful application for EU grant of HUF 24.4 billion for improving fixed network in 24 districts of Hungary

AMBITIONS

  • Network Consolidation- synergy opportunities-IP/DWDM consolidation – for cheaper ports, leaner operations
  • Roll-out of FTTH in existing sDSL areas as a cost-effective solution to lower operational costs
  • Site consolidation to reduce costs, simplify operations, improve energy efficiency

21

4iG INTERNATIONAL TELECOMMUNICATION

UZBEKISTAN

  • 4iG is exploring the possibility of entering the Uzbek telecommunications market through an acquisition, in cooperation with a local strategic partner
  • 4iG signed an MOU with IT Park in May 2025. The purpose of the MOU is to lay the foundation for business cooperations in the field of IT, innovation and knowledge transfer
  • 4iG also signed an MOU with Perfectum in May 2025. The purpose of the MOU is to lay the foundation for potential future cooperation in the field of telecommunications

AMBITIONS

• Digital Uzbekistan 2030 is a national strategy aiming to use digital technologies and infrastructure to connect more people to fast internet, increase efficiency and decrease inequalities by 2030, an attractive opportunity for 4iG

4iG WESTERN BALKANS TELECOMMUNICATION

Increased tourism in the country has contributed to increased visitor roaming

• Customer satisfaction and brand preference metrics are improving and are leading to increased market share, especially in consumer mobile and converged fixed mobile propositions

BUSINESS

MARKET

  • Main contributor of growth has been from the B2C postpaid mobile segment, from the pre-to-post migration strategy and revenue initiatives
  • Increased merchandise and visitor roaming revenues
  • Recurring revenue increase through prepaid to postpaid migration

AMBITIONS

  • Keep and grow in the mobile sim market and accelerate growth in fixed services
  • Boost revenues through postpaid growth, broadband, 5G, OTT TV and e-SIM
  • Increase digitalisation capabilities in IT system and enhance network utilisation

ALBANIA MONTENEGRO

MARKET

  • "Best in Test" brand campaign maintained for 2nd year with 360° coverage and CSR partnership with Scouts Association
  • Market share grew in the consumer postpaid segment

BUSINESS

  • Summer promo: 3× more roaming data (July–September) to boost competitiveness
  • Rolled out key Q3 offers Postpaid Summer, Tourist tariffs, Online "One for Two" (2 eSIMs / 25 EUR), and cross-border packages with National Tourist Organisation
  • Launched Kids Watch campaign (3.99 EUR) targeting 4–8-year-olds with bundled watch and tariff
  • QoQ one-off revenues neutralised due to charges from roaming operators

AMBITIONS

  • Sustain B2C SIM growth through pricing, customer experience, and bundled digital services
  • Accelerate growth via investment in new services like TV and high-speed Internet

NEW MARKETS

• By preparing the acquisition of a relatively small telecommunications infrastructure company, 4iG is laying the groundwork for its entry into the Croatian market in line with Group strategy

4iG INFORMATION TECHNOLOGY AND SYSTEM INTEGRATION

MARKET

  • Higher demand of as a service (aaS) solutions
  • Lack of EU development funds, but DIMOP funds to be expected
  • Unfavourable circumstances persist with low GDP growth, high interest rates and high public deficit

BUSINESS

  • Stable income and profit generation through long-standing customers: projects with efficient resource management
  • Growth in sales projects, and in the elderly care smart devices segment
  • Revenue drivers: Elderly Care smart devices, Közút, and Hungaroring project, NITEK and WizzAir IT operation

AMBITIONS

  • Explore the use of Artificial intelligence in both the national and international markets
  • M&A activities in the energy and digital data analysis sectors
  • Inorganic growth through acquisitions in final stage would boost segment revenues and EBITDA by double digits

BREAKDOWN BY SEGMENTS: Q3 2025

Net Revenue Split (HUF Mn)

Segment Q3 2024
(actual)*
Q3 2025
(actual)
% change
IT 21,996 31,225 42%
Telco 154,304 160,881 4%
Space -3 1,992 n/a
Holding 2 4,224 11,918 n/a
Eliminations 3 -4,345 -18,758 n/a
Total 176,176 187,258 6%

EBITDA Split (HUF Mn)

Segment Q3 2024
(actual)*
Q3 2025
(actual)
% change
IT : 5,981 5,794 -3%
Telco 57,555 63,590 10%
Space - -629 n/a
Holding 2 -4,283 -901 n/a
Eliminations 3 186 2,256 n/a
Total 59,439 70,110 18%

Net Revenue Split4 (% of total)

EBITDA Split4 (% of total)

Modified actual results

<sup>2 Holding Segment: includes expenses related to strategic and operational governance of the Group and the one-off items not allocated to the operative segment.

<sup>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 charles

<-- PDF CHUNK SEPARATOR -->

BREAKDOWN BY SEGMENTS: 9M 2025

Net Revenue Split (HUF Mn)

Segment 9M 2024
(actual)*
9M 2025
(actual)
% change
IT 55,142 77,656 41%
Telco 443,436 470,888 6%
Space 5,615 6,295 12%
Holding 2 7,955 30,333 n/a
Eliminations 3 -13,491 -47,087 n/a
Total 498,657 538,085 8%

EBITDA Split (HUF Mn)

Segment 9M 2024
(actual)*
9M 2025
(actual)
% change
IT 11,463 12,892 12%
Telco 168,361 180,975 7%
Space ., 1,872 -432 n/a
Holding 2 -11,511 -2,613 n/a
Eliminations 3 -410 1,839 n/a
Total 169,775 192,661 13%

Net Revenue Split4 (% of total)

EBITDA Split4 (% of total)

Modified actual results

&lt;sup>2 Holding Segment: includes expenses related to strategic and operational governance of the Group and the one-off items not allocated to the operative segment.

&lt;sup>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 chara

Q3 2025 FINANCIAL DEBT AND CAPITALISATION

FINANCIAL DEBT
(30 SEP 2025)
HUFMn
Credits & loans & bonds
(long-term)
773,664
Other long-term financial liabilities 22,339
Financial lease liabilities (long-term) 131,871
Credits & Ioans
(short-term)
43,860
Financial lease liabilities (short-term) 31,153
TOTAL DEBT 1,002,887
Cash and cash equivalents 137,950
NET DEBT 864,937
CAPITALISATION as of 24 Nov 2025
Share Price (HUF) 4,795
Total Number of Shares 299,074,974
MARKET CAP
(HUF Mn)
1,434,065
NET DEBT (HUF Mn)
(30 Sep 2025)
864,937
ENTERPRISE VALUE
(HUF Mn)
2,299,002
NET DEBT / LTM EBITDA (x) 3.41

FINANCIAL GUIDANCE

Outlook

2025 outlook remains positive, underpinned by progress on multi-country integration and growing demand for digital connectivity and defence technologies.

Revenue

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

EBITDA

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

BB-/Stable

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

KEY ESG FACTORS AND UNDERTAKINGS

THE 4iG GROUP LATEST RESULTS IN THE ESG FIELD

ENVIRONMENT

  • The 4iG Group has prepared the 2025 biannual Consolidated Sustainability Statement*, in accordance with the CSRD (ESRS) standard and the Hungarian Act C. of 2000 on Accounting
  • 4iG Plc. renewed in 2025 its EcoVadis rating, stepping up its overall score from 54 to 60/100. We managed to improve our rating in the fields of Labour&Human Rights, Ethics and Sustainable Procurement .
  • 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
  • We have registered altogether 150 573 MWh Guarantee of Origin (GO), which means that all the electricity used by us will come from renewable resources (solar and wind energy)

SOCIAL

• The 4iG Group received the 2. place in the II. Large Enterprises category in the "Responsible Employer" competition in 2025

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 programmes: 4iG Care programme with health insurance to all Group employees
  • 4iG is a founder of the Digital Society Foundation and the ONE Foundation which continue to operate under 4iG Group

GOVERNANCE

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

Almost all of the Subsidiaries / Affiliates (9) of the 4iG Group are NIS2 audited. The audit of 3 Subsidiaries / Affiliates is ongoing, 2 is in the pipeline

Q&A 4iG GROUP INVESTOR RELATIONS

4IG.HU/FOR -INVESTORS

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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.

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