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Digi Communications N.V.

Earnings Release May 15, 2025

6226_iss_2025-05-15_552dce19-2f3c-488d-8e67-b869420b3506.pdf

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.

CURRENT REPORT

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: 15 May 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, 4th floor, 5th District, Romania
Phone/Fax number: +4031.400.65.05/ +4031.400.65.06
Netherlands Chamber of Commerce
Business Register and Dutch Legal
Registration number with The Registration number with The Netherlands Chamber of
Commerce Business Register: 34132532/29.03.2000
Entities
and
Partnerships
Identification Number (RSIN):
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
securities are traded: Regulated market on which the issued Bucharest Stock Exchange, Main Segment, Category
Int'l (Shares)
Important events to be reported: Availability of Q1 2025 financial report

Digi Communications N.V. ("DIGI") informs the market that the Q1 2025 financial report is available starting 15 May 2025, on the Company's website: https://www.digi-communications.ro/en/investorrelations/shares/financial-results-shares/quarterly-reports-shares

Digi Communications N.V. reports consolidated revenues and other income of 532 million euros. Revenues and other income amounted to 553 million euros (incl. the extraordinary sale of assets). Adjusted EBITDA (excl. IFRS 16) of 140.4 million euros in the first three months of 2025

  • · Digi Communications consolidated revenues in Q1 2025 increased 19% year-on-year (YoY), reaching EUR 532 million
  • Adjusted EBITDA (excluding the impact of IFRS 16) reached EUR 140.4 million in Q1 2025 a 0.4% YoY increase
  • · The Group saw a substantial increase in the number of revenue-generating units (RGUs) reaching almost 29 million RGUs (+17% YoY growth), across the entire portfolio of services - mobile, broadband, Pay TV and fixed telephony services.

Digi Communications N.V., one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, reports consolidated revenues in the first quarter of 2025 of EUR 532 million, a 19% increase versus Q1 2024. The adjusted EBITDA for Q1 amounted to EUR 171 million (+4.6% YoY) and adjusted EBITDA excluding the IFRS 16 impact was EUR 140.4 million (+0.4% YoY). This start of the year reflects robust growth in key strategic markets.

Serghei Bulgac, CEO of Digi Communications, stated: "We are very pleased with the continued growth across all our markets, both in the established geographies such as Romania and Spain, and in our newer operations in Portugal and Belgium. This first quarter brings the highest organic growth in terms of RGUs exceeding 1 million users for the entire Group. In Spain, we surpassed several important thresholds in the first quarter of 2025: 6 million mobile users, 2 million broadband subscribers and more than 9 million users in total. Meanwhile, our newest markets show encouraging early traction, and we remain committed to building long-term value there. Following the historic results achieved in 2024, the strong support from our investors reinforces our confidence in our strategy and execution. As we continue to expand and consolidate our footprint across Europe, we believe it is equally important to deliver returns to our shareholders. Therefore, in line with our commitment to increase the dividend year after year since our IPO, we are pleased to propose a gross dividend of RON 1.35 per share for the 2024 financial year."

In Q1 2025, Digi continued to grow across its entire service portfolio, approaching 29 million in revenuegenerating user agreements (RGUs) across Romania, Spain, Italy and Portugal. This marks a 17% increase compared to Q1 2024 on an absolute basis.

The mobile segment stands out for generating the most revenue-generating user agreements (RGUs) within the Group's array of services, accounting for 47% of the overall RGUs across the four markets. Maintaining its momentum from past quarters, in Q1 2025, the mobile segment saw its RGUs climb to 13.5 million, a 18% increase, covering mobile telephony clients across Romania, Spain, Italy and Portugal.

In Romania, the mobile service segment reached 6.8 million RGUs, a positive evolution of 13% compared to Q1 2024. Broadband services registered an increase of 7% in Q1 2025, compared to Q1

Page 2 of 3 2024, up to 5 million RGUs, while the segment of Pay-TV services (cable and satellite) increased by 3% YoY up to 5.9 million RGUs. Together with fixed-line telephony, the total number of RGUs in the Romanian market amounted to 18.5 million customers as of Q1 2025, a 7% increase versus Q1 2024.

Spanish operations continued the strong performance in Q1 2025, with the number of users of fixed services, internet, and mobile telephony increasing by 29% compared to Q1 2024, to 9 million RGUs. Mobile users increased by 25% to 6.2 million RGUs, while broadband users increased by 39% to 2.1 million.

In Italy, mobile users increased by 15% YoY, reaching 501k RGUs as of the end of Q1 2025.

In Portugal, Digi Communications, launched commercial operations on November 4, 2024, offering a full range of telecommunication services, including fiber optic broadband internet, mobile voice and data on 2G/4G/5G networks, television, and fixed telephony. As of the end of Q1 2025, Portugal operations encompassed 755k RGUs, of which 389k were mobile and 137k were broadband users.

Commercial indicators by market (RGU 000's) 01'25 Q1'24 Change
(%)
Romania 18,498 17,266 7.1%
Mobile services 6.787 6.023 12.7%
Pay-TV 5.910 5.718 3.4%
Broadhand 4.962 4.646 6.8%
Fixed telephony 839 879 -4.6%
Spain 9.075 7,027 29.1%
Mobile services 6.237 5,006 24.6%
Breadband 2.115 1.525 38.7%
Fixed telephony 676 496 36.3%
Pay-TV 47
Italy 501 435 15.2%
Mobile services 201 ਕੇ ਤੇ ਵੇ 15.2%
Portugal 755
Mobile services 389
Broadband 137
Pay-TV 125
Fixed telephony 104
TOTAL 28,829 24,728 16.6%

For additional information, please contact us at [email protected]

Serghei Bulgac,

Chief Executive Officer

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