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Digi Communications N.V. Earnings Release 2025
6226_rns_2026-02-23_ed976493-c8ee-41d2-8f12-b94bc40d2b08.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: 23 February 2026
Name of the issuing entity: DIGI COMMUNICATIONS N.V. (the "Company")
Statutory seat: Amsterdam, The Netherlands
Visiting address: Bucharest, 75 Dr. N. Staicovici, 5th District, Romania
Phone/Fax/Email +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 2025 preliminary financial report
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Digi Communications N.V. ("DIGI") informs the market that the 2025 preliminary financial report is available starting 23 February 2026, on the Company's website: https://www.digicommunications.ro/en/investor-relations/shares/financial-results-shares/annual-reports-shares
Digi Communications N.V. reports preliminary consolidated revenues of 2,2 billion euros in 2025, a 15% year-over-year increase
- Digi Communications consolidated revenues increased 12% year-on-year (YoY) in Q4 2025, reaching EUR 579 million. This growth contributed to a total of EUR 2,221 million in consolidated revenues for 2025 based on preliminary figures (+15% vs 2024).
- Adjusted EBITDA (excluding the impact of IFRS 16) reached EUR 150 million in Q4 2025, a 5 % YoY increase following the expansion of customer base, contributing to the preliminary result for 2025 of EUR 585 million (+1 % vs 2024).
- The Group saw a substantial increase in the number of revenue-generating units (RGUs) surpassing 32 million RGUs (+15% YoY growth), across the entire portfolio of services – mobile, broadband, Pay TV and fixed telephony in Romania, Spain, Portugal and Italy.
Digi Communications N.V., one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, reports consolidated preliminary revenues (including revenues and other income) of EUR 579 million in the fourth quarter of 2025, a 12% year-on-year (YoY) increase. Adjusted EBITDA (excluding the impact of IFRS 16) for Q4 2025 increased by 5% compared to the result from Q4 2024, reaching EUR 150 million.
For the full year 2025, according to the preliminary estimates, the Group registered EUR 2,221 million in consolidated revenues and other income, a 15% increase compared to 2024. Adjusted EBITDA increased by 1% YoY, reaching EUR 585 million.
Serghei Bulgac, CEO of Digi Communications, stated: "2025 was a successful year for DIGI, as we accelerated growth in our core markets while continuing to build our presence in new ones. We closed the year with outstanding results, surpassing 32 million clients across the Group, after welcoming 4.3 million new customers in 2025 alone – the highest annual increase in our history. Mobile services continued to be the main growth driver, now representing half of our total customer base, supported by strong commercial momentum and leading portability performance. In Romania, we ranked number one in mobile portability for the 13th consecutive year, while in Spain we held the leadership position for the 5th year in a row. These results confirm that customers continue to choose DIGI for the quality of our services and the fair pricing we deliver. With Spain becoming an increasingly important growth engine alongside Romania, DIGI is evolving into a truly European telecommunications group."
In Q4 2025, Digi continued to grow across its entire service portfolio, surpassing 32 million in revenuegenerating user agreements (RGUs) across Romania, Spain, Portugal and Italy. This marks a 4.3 million RGU's gain on an absolute basis over the course of the year, the highest single-year growth registered in the history of the company.
The mobile segment stands out for generating the most RGUs within the Group's array of services, accounting for 50% of the overall clients across the four markets. Maintaining its momentum from past quarters, in Q4 2025, the mobile segment saw its RGUs climb to 16 million, a 22% YoY increase, covering mobile telephony clients across Romania, Spain, Italy and Portugal.
In Romania, the mobile service segment remained the largest, reaching 7.9 million RGUs as of the end of Q4 2025, a positive evolution of 20% compared to Q4 2024. According to data published by ANCOM for 2025, DIGI ranked as the leading operator in mobile number portability in Romania in 2025, attracting approximately 783k ported-in numbers, representing 53.8% of total transfers nationwide. Broadband services registered an increase of 6% in Q4 2025, compared to Q4 2024, up to 5.1 million RGUs, while the segment of Pay-TV services (cable and satellite) increased by 3% YoY up to 6 million
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RGUs. Together with fixed-line telephony, the total number of RGUs in the Romanian market amounted to 19.9 million customers as of Q4 2025, a 9% increase versus Q4 2024.
Spanish operations continued the strong performance in Q4 2025, with the number of users of fixed services, internet, and mobile telephony increasing by 28% compared to Q4 2024, to 10.8 million RGUs. Mobile users increased by 24% to 7.2 million RGUs, while broadband users increased by 32% to 2.6 million. Based on mobile number portability data in Spain, DIGI ranked first for number portability and portability net customer gains in 2025, attracting a total of 1.42 million ported-in numbers and a net port-in gain of 784k mobile lines over the year.
In Portugal, Digi Communications launched commercial operations a year ago, in November 2024, offering a full range of telecommunication services, including mobile, fiber optic broadband internet, television, and fixed telephony. As of the end of Q4 2025, Portugal operations encompassed 850k RGUs, of which 471k were mobile and 159k were broadband users.
In Italy, mobile users increased by 7% YoY, reaching 524k RGUs as of the end of Q4 2025.
Beyond its operational performance, Digi Communications continues to focus on initiatives aimed at enhancing shareholder value and strengthening the liquidity of its shares. In this context, the Board of Directors has proposed for the Extraordinary General Meeting of Shareholders, scheduled for 20 March 2026, the distribution of bonus shares. The initiative involves the capitalization of retained earnings and reserves into share capital and the allocation of newly issued shares to shareholders on a pro rata basis, without any cash contribution. If approved, the Company would issue two new Class A shares for each existing Class A share and two new Class B shares for each existing Class B share, which would increase the total number of shares from 100 million to up to a maximum of 300 million shares, comprising approximately 193.7 million Class A shares and 106.3 million Class B shares.
| Commercial indicators by market (RGU 000's) | Q4'25 | Q4'24 | Change (%) |
|---|---|---|---|
| Romania | 19,856 | 18,183 | 9.2% |
| Mobile services | 7,884 | 6,578 | 19.9% |
| Pay-TV | 6,013 | 5,868 | 2.5% |
| Broadband | 5,157 | 4,888 | 5.5% |
| Fixed telephony | 802 | 849 | -5.5% |
| Spain | 10,839 | 8,440 | 28.4% |
| Mobile services | 7,269 | 5,863 | 24.0% |
| Broadband | 2,583 | 1,951 | 32.4% |
| Fixed telephony | 815 | 626 | 30.2% |
| Pay-TV | 172 | - | 100.0% |
| Italy | 524 | 490 | 6.9% |
| Mobile services | 524 | 490 | 6.9% |
| Portugal | 850 | 676 | 25.7% |
| Mobile services | 471 | 321 | 46.7% |
| Broadband | 159 | 127 | 25.2% |
| Pay-TV | 132 | 121 | 9.1% |
| Fixed telephony | 88 | 107 | -17.8% |
| TOTAL | 32,069 | 27,789 | 15.4% |
The preliminary financial report of Digi Communications as of December 31st, 2025, is available here.
For additional information, please contact us at [email protected]
Serghei Bulgac,
Chief Executive Officer