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Hrvatski Telekom d.d.
Interim / Quarterly Report • Oct 28, 2025
2083_10-q_2025-10-28_2921e3f2-fb93-4531-8fad-571c333c105f.pdf
Interim / Quarterly Report
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UNAUDITED CONSOLIDATED INTERIM REPORT FOR THE HT GROUP
JANUARY - SEPTEMBER 2025
CONTENTS
| COMMENT OF THE PRESIDENT OF THE MANAGEMENT BOARD |
|---|
| 9M 2025 HIGHLIGHTS4 |
| SELECTED FINANCIAL DATA6 |
| SELECTED OPERATIONAL DATA |
| HT GROUP 2025 OUTLOOK9 |
| RISK MANAGEMENT |
| CHANGES IN REPORTING |
| HT GROUP FINANCIAL STATEMENTS11 |
| NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS14 |
| STATEMENT OF THE MANAGEMENT BOARD OF HRVATSKI TELEKOM D.D |
| PRESENTATION OF INFORMATION |
| DISCLAIMER |
| CONTACT DETAILS |
| APPENDIX |
COMMENT OF THE PRESIDENT OF THE MANAGEMENT BOARD
Commenting on the business results for 9M 2025, Nataša Rapaić, CEO of Hrvatski Telekom, stated:
"In the first nine months of the year, we continued to deliver strong results across key business areas, with the transformation of our operating model positively impacting our performance. Our market-leading investments have reached EUR 181.7 million, an increase of 12.9% year-on-year, confirming our commitment to invest in the future of Croatia's digital infrastructure by building modern fiber and mobile networks that connect people and businesses, and the whole society.
We have further expanded the largest FTTH network in Croatia, growing our footprint by over 20% bringing high-speed fiber households and businesses, in both cities and rural areas. With these efforts by the whole company and dedication of our employees, we are on track to enable gigabit fiber network for one million households and businesses by end of the year. Continuous development of our 5G network and innovative solutions has resulted with excellent performance, as well as international recognition, while with our dedication to service and product quality we ensured that our customers enjoy the best customer experience.
Focusing on the application of innovative technologies is an important part of our plans, with AI-based solutions that we are already implementing in our operations, enabling the optimization of operational processes, a better understanding of customer needs, and increased energy efficiency. Through the infrastructure, services, and tools that we provide, we will continue to work on making AI available to everyone.
Our investments in key infrastructure, innovative technologies a customer experience are more than business decisions; they are an investment in the country's economic growth and social progress. Even in a challenging environment, we remain focused on our mission: to connect Croatia and contribute to a more digital and productive, inclusive, and technologically more advanced society."
9M 2025 HIGHLIGHTS
- Growth momentum continues: Revenue up by 4.0%, adjusted EBITDA AL up by 3.2%, Net profit reached EUR 111.9m
- Accelerated market leading investments: EUR 181.7m invested in Q3 2025,with raised investment outlook, aiming to extend FTTH coverage to 1m households and businesses by the year-end
- Strong shareholder returns: EUR 158.0m distributed through combination of dividend and Share Buybacks
Hrvatski Telekom maintained its growth trajectory, delivering a 4.0% YoY revenue growth, supported by positive business developments across mobile and fixed service revenues as well as profitable system solutions business.
Adjusted EBITDA AL grew by 3.2% YoY, driven by solid top-line performance and ongoing transformation of the operating model which helped offset persistent costs and inflationary-related pressures.
Net profit after non-controlling interests grew by 4.8% YoY, with growth in adjusted EBITDA AL partly offset by increased depreciation and weaker net financial result.
Market leading investments in 9M 2025 reached EUR 181.7 million, up by 12.9% from the prior year. This demonstrates HT's continuous commitment to building state-of-the-art fiber and mobile infrastructure across Croatia, with HT regularly investing over 20% of its revenues into advancing the country's digitalization.
Strengthened network leadership
During the first nine months of the year, Hrvatski Telekom continued to expand the largest fiber‑to‑the‑home (FTTH) network in Croatia, increasing its footprint by over 20% year‑on‑year and bringing high‑speed connectivity to households and businesses nationwide -including rural areas. This ongoing expansion contributes to decreasing the digital gap and ensuring a digital platform which is the foundation for progress. The company remains on track to enable gigabit fiber speeds to 1 million households and businesses in Croatia by year-end.
Ongoing upgrades and optimization of 5G network have further enhanced mobile network performance, especially during the network-intensive summer months, ensuring a consistently top-quality customer experience. Hrvatski Telekom was once again recognized as a technology leader, as the Rijeka Gateway 5G campus network, where Hrvatski Telekom equipped the new port container terminal with a 5G network, was highlighted at the European Commission's European Digital Connectivity Awards 2025 as one of Europe's most innovative digital connectivity projects.
Investments in the critical infrastructure and by developing innovative solutions remains essential for the company and country's economic growth and broader digital transformation. Despite challenging business environment, Hrvatski Telekom remains committed to executing its investment plans.
Investments in the critical infrastructure and by developing innovative solutions remains essential for the company and country's economic growth and broader digital transformation. Despite challenging business environment, Hrvatski Telekom remains committed to executing its investment plans.
Revised year-end outlook
Hrvatski Telekom has raised its investment outlook to accelerate fiber rollout, targeting FTTH coverage of 1 million households and businesses by year-end. Consequently, company now expects CAPEX After Leases to increase around 10% year-over-year, compared to its previous guidance of low single-digits growth compared to 2024.
The remainder of the guidance is reaffirmed, with Hrvatski Telekom continuing to expect low single-digit growth in both revenue and EBITDA after leases. The Company's approach to regional expansion remains unchanged, as it continues to evaluate potential M&A opportunities.
Attractive capital return for shareholders
In June, Hrvatski Telekom distributed a dividend of EUR 125.5 million for financial year 2024, which represents the highest payout since 2013 and an increase of 7.2% compared to the previous year.
During the first nine months of 2025, within the framework of the ongoing Share Buyback Program, the Company purchased additional 761,789 shares on the Zagreb Stock Exchange. On 30 September 2025, the total number of acquired shares amounted to 1,555,468, representing 1.99% of the Company's issued share capital.
In total, EUR 158.0 million was returned to shareholders through dividends and share buybacks this year which is clear evidence of its sustained financial strength, disciplined capital management, and commitment to delivering long‑term shareholder value.
SELECTED FINANCIAL DATA
| Key financial data - HT Group (EUR million) | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
|---|---|---|---|---|---|---|
| Revenue | 813.3 | 845.6 | 4.0% | 291.7 | 301.1 | 3.2% |
| Mobile service revenues | 313.3 | 330.0 | 5.3% | 123.5 | 126.7 | 2.6% |
| Mobile non-service revenues | 135.0 | 136.9 | 1.4% | 41.3 | 44.0 | 6.5% |
| Fixed service revenues | 258.0 | 268.4 | 4.0% | 90.0 | 90.2 | 0.2% |
| Fixed non-service revenues | 48.8 | 48.6 | -0.5% | 17.1 | 16.8 | -1.7% |
| System solutions | 58.2 | 61.8 | 6.3% | 19.8 | 23.4 | 18.2% |
| Adjusted EBITDA AL | 312.0 | 322.1 | 3.2% | 123.8 | 128.3 | 3.6% |
| Adjusted EBITDA AL margin | 38.4% | 38.1% | -0.3 p.p. | 42.4% | 42.6% | 0.2 p.p. |
| EBIT | 136.4 | 144.2 | 5.7% | 63.4 | 69.1 | 8.9% |
| EBIT margin | 16.8% | 17.0% | 0.3 p.p. | 21.7% | 22.9% | 1.2 p.p. |
| Net profit after non controlling interest | 106.7 | 111.9 | 4.8% | 49.7 | 53.9 | 8.6% |
| Net profit margin | 13.1% | 13.2% | 0.1 p.p. | 17.0% | 17.9% | 0.9 p.p. |
| CAPEX AL | 161.0 | 181.7 | 12.9% | 59.5 | 64.8 | 9.0% |
| CAPEX AL / Revenue ratio | 19.8% | 21.5% | 1.7 p.p. | 20.4% | 21.5% | 1.1 p.p. |
| IFRS 16 CAPEX | 46.2 | 36.0 | -22.1% | 11.7 | 9.8 | -16.3% |
| Key financial data - HT Group in Croatia (EUR million) | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
|---|---|---|---|---|---|---|
| Revenue | 746.8 | 776.5 | 4.0% | 267.2 | 275.7 | 3.2% |
| Mobile service revenues | 282.4 | 297.7 | 5.4% | 111.6 | 114.3 | 2.4% |
| Mobile non-service revenues | 127.4 | 129.2 | 1.4% | 38.7 | 41.4 | 7.0% |
| Fixed service revenues | 238.3 | 247.4 | 3.8% | 83.1 | 82.9 | -0.3% |
| Fixed non-service revenues | 43.1 | 42.7 | -1.0% | 14.7 | 14.5 | -1.6% |
| System solutions | 55.5 | 59.5 | 7.2% | 19.1 | 22.6 | 18.7% |
| Adjusted EBITDA AL | 287.4 | 296.0 | 3.0% | 114.4 | 118.1 | 3.3% |
| Adjusted EBITDA AL margin | 38.5% | 38.1% | -0.4 p.p. | 42.8% | 42.8% | 0.0 p.p. |
| EBIT | 129.7 | 135.7 | 4.7% | 60.3 | 64.8 | 7.6% |
| EBIT margin | 17.4% | 17.5% | 0.1 p.p. | 22.5% | 23.5% | 1.0 p.p. |
| Net profit after non controlling interest | 107.6 | 111.5 | 3.6% | 47.9 | 51.8 | 8.2% |
| Net profit margin | 14.4% | 14.4% | -0.1 p.p. | 17.9% | 18.8% | 0.9 p.p. |
| CAPEX AL | 145.5 | 168.3 | 15.7% | 56.8 | 60.2 | 6.0% |
| CAPEX AL / Revenue ratio | 19.5% | 21.7% | 2.2 p.p. | 21.3% | 21.8% | 0.6 p.p. |
| IFRS 16 CAPEX | 45.0 | 32.8 | -27.1% | 11.7 | 9.2 | -21.5% |
| Key financial data - CT (EUR million) | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
|---|---|---|---|---|---|---|
| Revenue | 67.3 | 69.7 | 3.6% | 24.7 | 25.7 | 3.8% |
| Mobile service revenues | 30.9 | 32.3 | 4.4% | 11.9 | 12.4 | 4.3% |
| Mobile non-service revenues | 7.6 | 7.7 | 1.2% | 2.6 | 2.6 | -0.6% |
| Fixed service revenues | 19.9 | 21.0 | 5.5% | 6.9 | 7.3 | 6.5% |
| Fixed non-service revenues | 6.2 | 6.3 | 2.2% | 2.6 | 2.5 | -3.0% |
| System solutions | 2.8 | 2.5 | -10.6% | 0.8 | 0.9 | 8.9% |
| Adjusted EBITDA AL | 24.6 | 26.0 | 5.9% | 9.5 | 10.2 | 7.9% |
| Adjusted EBITDA AL margin | 36.5% | 37.3% | 0.8 p.p. | 38.2% | 39.7% | 1.5 p.p. |
| EBIT | 6.5 | 8.4 | 28.3% | 3.1 | 4.3 | 36.9% |
| EBIT margin | 9.7% | 12.0% | 2.3 p.p. | 12.6% | 16.6% | 4.0 p.p. |
| Net profit after non controlling interest | 4.4 | 5.9 | 35.7% | 2.2 | 2.6 | 15.5% |
| Net profit margin | 6.5% | 8.5% | 2.0 p.p. | 9.1% | 10.1% | 1.0 p.p. |
| CAPEX AL | 15.5 | 13.4 | -13.6% | 2.7 | 4.6 | 73.6% |
| CAPEX AL / Revenue ratio | 23.1% | 19.3% | -3.8 p.p. | 52.5% | 0.0% | -52.5 p.p. |
| IFRS 16 CAPEX | 1.2 | 3.2 | 163.2% | -0.1 | 0.6 | 1177.9% |
SELECTED OPERATIONAL DATA
| Key operational data - HT Group in Croatia 1 | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
|---|---|---|---|---|---|---|
| Mobile | ||||||
| Number of customers | 2,589 | 2,654 | 2.5% | 2,589 | 2,654 | 2.5% |
| - Prepaid | 1,060 | 1,060 | 0.0% | 1,060 | 1,060 | 0.0% |
| - Postpaid | 1,529 | 1,594 | 4.2% | 1,529 | 1,594 | 4.2% |
| Blended ARPU | 11.3 | 11.4 | 0.9% | 11.5 | 11.4 | -1.0% |
| - Prepaid | 5.2 | 4.6 | -10.0% | 5.1 | 4.7 | -7.9% |
| - Postpaid | 15.0 | 15.5 | 3.5% | 15.7 | 15.7 | 0.1% |
| Fixed | ||||||
| Voice connections - retail | 718 | 711 | -1.0% | 718 | 711 | -1.0% |
| - ARPU voice per user | 8.0 | 7.5 | -7.0% | 8.3 | 7.4 | -11.7% |
| Broadband connections - retail | 669 | 672 | 0.5% | 669 | 672 | 0.5% |
| - Broadband retail ARPU | 15.3 | 15.9 | 3.9% | 16.1 | 15.9 | -1.3% |
| TV connections | 554 | 553 | -0.3% | 554 | 553 | -0.3% |
| - TV ARPU | 13.0 | 14.3 | 10.3% | 13.5 | 14.5 | 7.5% |
| Wholesale connections 2 | 172 | 166 | -3.0% | 172 | 166 | -3.0% |
$^{\scriptsize 1}$ Number of customers in thousands
$^2$ Includes Naked Bitstream + Bitstream + ULL + FA + WLR wholesale rental
| Key operational data - CT (in thousands) | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
|---|---|---|---|---|---|---|
| Mobile | ||||||
| Number of customers | 555 | 557 | 0.4% | 555 | 557 | 0.4% |
| - Prepaid | 225 | 224 | -0.4% | 225 | 224 | -0.4% |
| - Postpaid | 329 | 333 | 0.9% | 329 | 333 | 0.9% |
| Fixed | ||||||
| Fixed mainlines - retail | 101 | 100 | -0.6% | 101 | 100 | -0.6% |
| Broadband access lines - retail | 84 | 85 | 1.0% | 84 | 85 | 1.0% |
| TV customers | 83 | 84 | 1.3% | 83 | 84 | 1.3% |
I. Revenue
Mobile service revenue grew, supported by continued postpaid base expansion, migration from prepaid to postpaid subscriptions and implemented price adjustments.
Mobile non-service revenue growth driven by increased market dynamics and the successful innovative handset trade-in models.
Fixed service revenue increased driven by customer migrations to higher value propositions, capitalizing on investments in fiber and premium sport content and price adjustments.
Fixed non-service revenue decreased due to lower wholesale customer base on copper, partly offset by growth of customer base on fiber infrastructure.
System Solutions revenue increased, driven by demand for integrated ICT offerings with focus on cloud and cybersecurity.
Crnogorski Telekom mobile service revenues increase is mainly driven by performance in postpaid. Fixed service revenue growth benefited from stronger broadband and TV revenue.
II. Profitability
Material expenses increased primarily due to merchandise costs, reflecting increased market activity, alongside rising content costs following new FTA pricing regulations.
Employee benefit expenses increased driven by continued strategic investments in our people and timing of severance payments.
Adjusted EBITDA After Leases growth, driven by top-line strength and continued transformation of the operating model, which offset ongoing wage and inflationary pressures.
Net profit after non-controlling interest growth supported by higher EBITDA, partly offset by increased depreciation and weaker net financial result in line with market trends.
III. CAPEX AL (excluding spectrum)
Capex After Leases excluding Spectrum in 9M 2025 increased predominantly due to continued expansion of fiber and mobile infrastructure.
IV. Financial position
Balance sheet
HT Group's total assets decreased compared to prior year mainly due to lower level of cash and cash equivalents and prepayments. This decrease was partially offset by higher capital investments and inventories.
HT Group's equity decreased compared to prior year following dividend payout and treasury share buyback partially offset by net profit generated for the period.
Current liabilities decreased compared to 2024, reflecting lower contract liabilities and redundancy provisions.
Cash flow (CF)
Net cash flow from HT Group's operating activities decreased year over year, as stronger operating results were offset by unfavorable working capital movements.
The increase in cash expenditure from investment activities in 2025 is mainly driven by higher capex, following the accelerated fiber and mobile rollout.
The net cash expenditure from financial activities increased primarily due to the dividend paid out, share buybacks and higher content repayments.
HT GROUP 2025 OUTLOOK
| Results 2024 | Previous outlook 2025 vs. 2024 |
Outlook 2025 vs. 2024 |
|
|---|---|---|---|
| REVENUE | EUR 1,102 million | Low-single-digit increase | Low-single-digit increase |
| ADJ. EBITDA AL | EUR 416 million | Low-single-digit increase | Low-single-digit increase |
| CAPEX AL¹ | EUR 243 million | Low-single digit increase | Around 10% increase |
| REGIONAL EXPANSION |
HT is monitoring and evaluating potential M&A opportunities |
HT is monitoring and evaluating potential M&A opportunities |
HT is monitoring and evaluating potential M&A opportunities |
1.Excluding Spectrum
RISK MANAGEMENT
Besides the business and regulatory developments detailed in this statement, and in the publicly available audited financial statements for 2024, there were no material changes to the Group's risk profile in the period under review.
CHANGES IN REPORTING
On 8 November 2023, HT and Iskon concluded the Merger Agreement of Iskon into HT. The merger was entered into the Court Register of the Commercial Court in Zagreb on 1 January 2024, by which the merged company Iskon ceased to exist as a separate legal entity. As the acquiring company, HT became the universal legal successor of Iskon, thus entering into all legal relationships of the merged company. Products and services previously offered by Iskon continue to be provided within HT but as a separate Iskon brand.
On 1 January 2024, the technological unit Ericsson Nikola Tesla Servisi d.o.o. (hereinafter referred to as "ENTS"), responsible for the construction and maintenance of the HT network, which was initially outsourced to ENTS in September 2014, was integrated into HT Group. The now former technological unit of ENTS has been transferred together with the employees to HT Servisi d.o.o. (a subsidiary company established by HT on 15 November 2023, and fully owned by HT), based on the Agreement on the transfer of a part of the economic activity concluded with ENTS.
Based on the Merger Agreement concluded on 5 November 2024 between Croatian Telecom Inc. and HT Servisi d.o.o. and the General Assembly of the merged company on approval for the merger on 2 January 2025, the merger has been entered into the Court Register of the Commercial Court in Zagreb. Upon entry of the merger the company HT Servisi d.o.o. ceased to exist and HT Inc. became the universal legal successor, thus entering into all legal relationships of the merged company.
On 29 August 2025, the division of HT through the status change – separation with acquisition has been entered into Court Register thus a part of assets, obligations and capital, pertaining to mobile passive infrastructure and activities connected therewith, have been acquired by HT Towers Ltd., an this company become operational.
HT GROUP FINANCIAL STATEMENTS
Unaudited consolidated financial statements
Consolidated Income Statement
| HT Gro | ир | |||||
|---|---|---|---|---|---|---|
| in EUR million | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
| Revenue | 813.3 | 845.6 | 4.0% | 291.7 | 301.1 | 3.2% |
| Other operating income | 8.3 | 5.0 | -39.5% | 0.7 | 1.7 | 153.9% |
| Total operating revenue | 821.6 | 850.6 | 3.5% | 292.4 | 302.8 | 3.6% |
| OPEXAL | -522.3 | -539.0 | 3.2% | -173.8 | -176.4 | 1.5% |
| Material expenses | -243.9 | -250.6 | 2.7% | -82.2 | -83.6 | 1.7% |
| Employee benefits expenses | -143.4 | -157.0 | 9.5% | -49.7 | -51.5 | 3.6% |
| Work performed by the Group and capitalised | 10.7 | 13.2 | 22.8% | 6.5 | 6.0 | -7.5% |
| Other expenses | -99.5 | -98.6 | -0.9% | -33.3 | -31.9 | -4.4% |
| Net impairment losses on trade receivables and contract assets | -7.1 | -4.8 | -31.8% | -1.8 | -1.1 | -38.9% |
| LEASE Depreciation | -35.3 | -37.3 | 5.9% | -12.0 | -13.1 | 9.4% |
| LEASE Interest | -3.9 | -3.8 | -1.1% | -1.3 | -1.3 | -5.0% |
| EBITDA AL | 299.3 | 311.6 | 4.1% | 118.6 | 126.4 | 6.6% |
| EBITDA AL margin | 36.8% | 36.9% | 0.0 p.p. | 40.6% | 42.0% | 1.3 p.p. |
| Exceptional items* | 12.6 | 10.4 | -17.4% | 5.3 | 1.9 | -64.2% |
| Adjusted EBITDA AL | 312.0 | 322.1 | 3.2% | 123.8 | 128.3 | 3.6% |
| Adjusted EBITDA AL margin | 38.4% | 38.1% | -0.3 p.p. | 42.4% | 42.6% | 0.2 p.p. |
| Depreciation (without leases) | -166.8 | -171.3 | 2.7% | -56.4 | -58.6 | 3.8% |
| EBIT | 136.4 | 144.2 | 5.7% | 63.4 | 69.1 | 8.9% |
| EBIT margin | 16.8% | 17.0% | 0.3 p.p. | 21.7% | 22.9% | 1.2 p.p. |
| Net financial result (non IFRS 16 related) | 2.7 | -0.7 | -125.3% | 0.7 | -0.7 | -206.6% |
| Financial income | 6.8 | 4.3 | -36.2% | 2.2 | 1.3 | -40.1% |
| Income/loss from investment in joint ventures | 0.0 | 0.0 | - | 0.0 | 0.0 | - |
| Financial expenses | -4.1 | -5.0 | -24.0% | -1.5 | -2.0 | -39.4% |
| Tax provisions | -27.5 | -26.5 | -3.5% | -12.6 | -12.7 | 0.3% |
| Non controlling interests | -1.0 | -1.2 | 19.1% | -0.5 | -0.5 | -5.2% |
| Net profit after non controlling interests | 106.7 | 111.9 | 4.8% | 49.7 | 53.9 | 8.6% |
| Net profit margin | 13.1% | 13.2% | 0.1 p.p. | 17.0% | 17.9% | 0.9 p.p. |
* Exceptional items mainly relate to restructuring redundancy costs and legal cases Note: Lease Depreciation and Lease Interest is shown separately within OPEX AL.
Consolidated Balance Sheet
| in EUR million | At 31 Dec 2024 |
At 30 Sep 2025 |
% of change A25/A24 |
|---|---|---|---|
| Intangible assets | 394.9 | 379.8 | -3.8% |
| Property, plant and equipment | 868.4 | 893.5 | 2.9% |
| Non-current financial assets | 0.3 | 0.3 | -0.5% |
| Non-current receivables | 46.9 | 48.4 | 3.4% |
| Prepayments and accrued income due > 1 year | 17.2 | 14.4 | -15.9% |
| Right-of-use assets | 81.4 | 79.4 | -2.4% |
| Contract assets due > 1 year | 10.2 | 11.6 | 13.9% |
| Contract costs due > 1 year | 34.6 | 41.7 | 20.6% |
| Deferred tax asset | 20.0 | 21.1 | 5.1% |
| Total non-current assets | 1,473.8 | 1,490.2 | 1.1% |
| Inventories | 44.5 | 55.4 | 24.6% |
| Assets held for sale | 31.6 | 31.6 | 0.0% |
| Current receivables | 249.2 | 269.8 | 8.2% |
| Current financial assets | 0.0 | 0.0 | - |
| Contract assets due <= 1 year | 39.2 | 47.5 | 21.1% |
| Contract costs due <= 1 year | 13.7 | 15.3 | 12.4% |
| Cash and cash equivalents | 229.7 | 121.7 | -47.0% |
| Prepayments and accrued income due <= 1 year | 15.5 | 11.0 | -28.9% |
| Total current assets | 623.4 | 552.3 | -11.4% |
| TOTAL ASSETS | 2,097.1 | 2,042.5 | -2.6% |
| Subscribed share capital | 1,359.7 | 1,359.7 | 0.0% |
| Reserves | 96.9 | 128.7 | 32.9% |
| Revaluation reserves | 0.0 | 0.0 | -7.5% |
| Cash flow hedge reserves | -8.6 | -7.2 | 15.7% |
| Treasury shares | -29.7 | -60.5 | -103.9% |
| Retained earnings | 83.5 | 67.0 | -19.7% |
| Net profit for the period | 141.9 | 111.9 | -21.2% |
| Non controlling interest | 32.7 | 32.8 | 0.2% |
| Total issued capital and reserves | 1,676.6 | 1,632.5 | -2.6% |
| Provisions | 17.4 | 17.8 | 2.2% |
| Non-current liabilities | 32.2 | 30.6 | -4.9% |
| Lease liabilities due > 1 year | 55.4 | 55.5 | 0.1% |
| Contract liabilities due > 1 year | 0.0 | 0.0 | - |
| Deferred tax liability | 4.4 | 2.7 | -38.1% |
| Total non-current liabilities | 109.4 | 106.6 | -2.6% |
| Current liabilities | 259.3 | 256.5 | -1.1% |
| Lease liabilities due <= 1 year | 21.2 | 21.2 | 0.3% |
| Contract liabilities due <= 1 year | 16.6 | 13.4 | -18.9% |
| Accrued expenses and deferred income | 12.1 | 12.0 | -0.8% |
| Provisions for redundancy | 2.0 | 0.2 | -88.2% |
| Total current liabilities | 311.2 | 303.4 | -2.5% |
| Total liabilities | 420.5 | 410.0 | -2.5% |
| TOTAL EQUITY AND LIABILITIES | 2,097.1 | 2,042.5 | -2.6% |
Consolidated Cash Flow Statement
| in EUR million | 9M 2024 | 9M 2025 | % of change A25/A24 |
Q3 2024 | Q3 2025 | % of change A25/A24 |
|---|---|---|---|---|---|---|
| Profit before tax | 135.3 | 139.6 | 3.2% | 62.8 | 67.1 | 6.8% |
| Depreciation and amortization | 202.1 | 208.6 | 3.2% | 68.4 | 71.7 | 4.8% |
| Increase / decrease of current liabilities | 12.2 | 2.5 | -79.8% | 0.2 | -15.0 | -6423.6% |
| Increase / decrease of current receivables | -5.1 | -22.6 | -346.4% | -8.7 | -16.6 | -91.5% |
| Increase / decrease of inventories | -8.2 | -10.9 | -32.7% | -0.6 | -1.7 | -166.7% |
| Other cash flow increases / decreases | -36.5 | -32.3 | 11.5% | -12.2 | -10.2 | 16.3% |
| Net cash inflow/outflow from operating activities | 299.8 | 284.9 | -5.0% | 110.0 | 95.3 | -13.3% |
| Proceeds from sale of non-current assets | 5.2 | 2.0 | -60.9% | 0.1 | 0.4 | 237.1% |
| Proceeds from sale of non-current financial assets | 0.0 | 0.0 | -68.9% | 0.0 | -0.1 | -1316.0% |
| Interest received | 5.9 | 2.5 | -58.1% | 1.8 | 0.4 | -78.0% |
| Dividend received | 0.0 | 0.0 | - | 0.0 | 0.0 | - |
| Other cash inflows from investing activities | 10.2 | -0.3 | -103.1% | 10.0 | 0.1 | -98.9% |
| Total increase of cash flow from investing activities | 21.4 | 4.2 | -80.4% | 11.9 | 0.8 | -93.5% |
| Purchase of non-current assets | -152.2 | -165.8 | -8.9% | -51.9 | -55.1 | -6.1% |
| Purchase of non-current financial assets | -0.1 | -0.1 | 18.2% | 0.0 | 0.0 | 697.9% |
| Other cash outflows from investing activities | -1.0 | 0.0 | 100.0% | 2.6 | 0.0 | -100.0% |
| Total decrease of cash flow from investing activities | -153.2 | -165.8 | -8.2% | -49.3 | -55.1 | -11.7% |
| Net cash inflow/outflow from investing activities | -131.9 | -161.6 | -22.6% | -37.4 | -54.3 | -45.1% |
| Total increase of cash flow from financing activities | 0.0 | 0.0 | - | 0.0 | 0.0 | - |
| Dividends paid | -119.2 | -126.5 | -6.1% | 0.0 | -0.1 | - |
| Repayment of lease | -34.0 | -35.2 | -3.4% | -10.3 | -9.8 | 4.8% |
| Other cash outflows from financing activities | -38.1 | -69.7 | -82.6% | -16.4 | -11.5 | 29.7% |
| Total decrease in cash flow from financing activities | -191.4 | -231.3 | -20.9% | -26.7 | -21.4 | 19.6% |
| Net cash inflow/outflow from financing activities | -191.4 | -231.3 | -20.9% | -26.7 | -21.4 | 19.6% |
| Exchange gains/losses on cash and cash equivalents | 0.0 | 0.0 | - | 0.0 | 0.0 | - |
| Cash and cash equivalents at the beginning of period* | 233.1 | 229.7 | -1.5% | 163.8 | 102.1 | -37.7% |
| Net cash (outflow) / inflow | -23.5 | -108.0 | -360.5% | 45.9 | 19.6 | -57.3% |
| Cash and cash equivalents at the end of period | 209.6 | 121.7 | -42.0% | 209.6 | 121.7 | -42.0% |
NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS
Basis of preparation
The condensed consolidated financial statements as of 30 September 2025 and for the year then ended, have been prepared using accounting policies consistent with International Financial Reporting Standards.
Significant Accounting Policies
The consolidated financial statements have been prepared under the historical cost convention, except for investments available-for-sale stated at fair value.
The same accounting policies, presentation and methods of computation are followed in these condensed consolidated financial statements as were applied in the preparation of HT's consolidated financial statements for the year ended 31 December 2024.
Dividend
On June 3, 2025, General Assembly of Hrvatski Telekom has brought the decision regarding the dividend payout for year 2024 in amount of EUR 1,64 per share. Dividend in amount of EUR 125.479.042,04 was distributed from net profit in 2024.
Relations with the governing company and its affiliated companies
In the first nine months of 2025 there were no transactions among related parties with a significant impact on the financial position and operations of the Group in the given period.
In the first nine months of 2025 there were no changes in transactions among related parties which were specified in the annual financial report for 2024, and which had a significant impact on the financial position and operations of the Group in 2025.
Business relations transacted between HT d.d. and affiliated companies thereof (hereinafter referred to as: Group) in first nine months of 2025 and the governing company and affiliated companies thereof can be classified as follows:
Transactions with related companies
Transactions with related companies primarily related to the transactions with the companies owned by Deutsche Telekom AG (hereinafter referred to as: DTAG). The Group enters into transactions in the regular course of business on an arm's length basis. These transactions included the sending and receiving of international traffic to/from these companies and other intercompany services between related companies.
In first nine months of 2025 the Group generated total revenue from related companies to the amount of EUR 30.0 million (the first nine months of 2024: EUR 28.3 million), while total costs amounted to EUR 29.2 million (the first nine months of 2024: EUR 24.9 million).
Compensation of the Supervisory Board
The chairman of the Supervisory Board receives remuneration in the amount of 1.5 times of the average net salary of the employees of the Company paid in the preceding month. To the deputy chairman, remuneration is the amount of 1.25 times of the average net salary of the employees of the Company paid in the preceding month is paid, while any other member receives the amount of one average net salary of the employees of the Company paid in the preceding month.
To a member of the Supervisory Board, who is at the same time the Chairman of the Audit Committee of the Supervisory Board, remuneration is the amount of 1.5 times of the average monthly net salary of the employees of the Company paid in the preceding month.
To a member of the Supervisory Board, who is at the same time a Member of one board or committee of the Supervisory Board, remuneration is the amount of 1.25 times of the average monthly net salary of the employees of the Company paid in the preceding month. To a member of the Supervisory Board, who is at the same time a Member of two or more committees of the Supervisory Board, remuneration is the amount of 1.5 times of the average monthly net salary of the employees of the Company paid in the preceding month. DT AG representatives do not receive any remuneration for the membership in the Supervisory Board due to a respective policy of DT AG.
In the first nine months of 2025, the Group paid a total amount of EUR 0.11 million (the first nine months 2024: EUR 0.09 million) to the Members of its Supervisory Board. No loans were granted to the Members of the Supervisory Board.
Compensation to key management personnel
In the first nine months 2025, the total compensation paid to key management personnel of the Group amounted to EUR 6.6 million (the first six months 2024: EUR 7.0 million). Compensation paid to key management personnel relates to short-term employee benefits. Key management personnel include members of the Management Boards of the Company and its subsidiaries and the Company`s directors of Sector, who are employed by the Group.
STATEMENT OF THE MANAGEMENT BOARD OF HRVATSKI TELEKOM D.D.
Financial Statements of the company Hrvatski Telekom d.d., for the 9M 2025, consolidated and nonconsolidated, are not audited.
To the best of our knowledge, unaudited financial statements of the company Hrvatski Telekom d.d. (hereinafter: "Company") and unaudited consolidated financial statements of the Company and affiliated companies thereof (hereinafter: "Group"), which are prepared in accordance with International Financial Reporting Standards (IFRS), give a true and fair view of assets and obligations, profit and loss, financial position, and operations of both the Company and the Group.
The Management report for the 9M 2025 contains a true presentation of development and results of operations and position of the Group, with description of significant risks and uncertainties for the Group as a whole.
Ms. Nataša Rapaić, President of the Management Board
Ms. Marijana Bačić, Member of the Management Board and Chief Operating Officer Business
Mr. Ivan Bartulović, Member of the Management Board and Chief Operating Officer for Human Resources and Customer Operations
Mr. Boris Drilo, Member of the Management Board and Chief Technical and Chief Information Officer
Mr. Siniša Đuranović, Member of the Management Board and Chief Corporate Affairs Officer
Mr. Matija Kovačević, Member of the Management Board and Chief Financial Officer
Mr. Krešimir Madunović, Member of the Management Board and Chief Operating Officer Residential
Zagreb, 28 October 2025
PRESENTATION OF INFORMATION
Unless the context otherwise requires, references in this publication to ''HT Group'' or ''the Group'' or "HT" are to the Company Hrvatski Telekom d.d., together with its subsidiaries.
References to ''Combis'' are to the Company's wholly owned subsidiary, Combis d.o.o.
References to "Crnogorski" or "CT" are to Crnogorski Telekom, the company fully consolidated into the Group's financial statements as of 1 January 2017.
References in this publication to ''Agency'' are to the Croatian Regulatory Authority for Network Industries (HAKOM).
DISCLAIMER
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Group. These forward-looking statements represent the Company's expectations or beliefs concerning future events and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Additional information concerning important factors that could cause actual results to differ materially is available in the Group's reports which may be found at www.t.ht.hr
CONTACT DETAILS
Hrvatski Telekom Investor Relations
Tomislav Bajić, CFA
- 385 1 4911 114
A conference call for analysts and investors will be held on Tuesday, 28 October 2025 at 13:00 CET.
Hrvatski Telekom Inc.
Radnička cesta 21, HR - Zagreb Member State: Republic of Croatia
Listing: Zagreb Stock Exchange, Prime Market Ordinary share: HT (ISIN: HRHT00RA0005)
LEI: 097900BFHJ0000029454
Full unaudited results for HT Group and HT d.d., other prescribed documentation as well as a presentation covering results, can be downloaded from the HT web site (www.t.ht.hr/en/investor-relations/) and are fully available in the Official Register of Prescribed Information (SRPI).
APPENDIX
HT GROUP FINANCIAL STATEMENTS – TFI POD
Unaudited consolidated financial statements
* The following statements are prepared according to TFI-POD requirements. Therefore, the structure of the statements is not entirely the same as our statements presented on the previous pages prepared according to IFRS methodology.
| Annex 1 | ||||
|---|---|---|---|---|
| I | SSUER'S GENERA | L DATA | ||
| Reporting period: | 01.01.2025 | to | 30.09.2025 | |
| Year: | 2025 | |||
| Quarter: | 3. | |||
| Quarteri | y financial statem | ents | ||
| egistration number (MB): | 1414887 | Issuer's ho | me Member | HR |
| State code: | ||||
| Entity's registration number (MBS): Personal identification | 80266256 | ı | 1 | |
| number (OIB): | 81793146560 | LEI: | 097900BFHJ0000029454 | |
| Institution code: |
273 | |||
| Name of the issuer: | Hrvatski Telekom d.d. | |||
| Postcode and town: | 10000 | Zagreb | ||
| treet and house number: | Radnička cesta 21 | |||
| E-mail address: | [email protected] | r | ||
| Web address: | www.t.ht.hr | |||
| Number of employees (end of the reporting |
5685 | |||
| Consolidated report: | KD (KN | -not consolidated/KD-cor | solidated) | |
| Audited: | RN (F | RN-not audited/RD-audite | d) | |
| Names of subsidiaries | s (according to IFRS): | Registered | office: MB: | |
| COMBIS d.o.o. | Radnička cesta 21, Zagreb 3609103 | |||
| Cr | nogorski Telekom A.D. | Moskovska 29, Podgorica 02289377 | ||
| HT Holding | Radnička cesta 21, Zagreb 04659511 | |||
| HT Servisi d.o.o. | Radnička cesta 21, Zagreb 05861624 | |||
| HT Towers d.o.o. | Radnička cesta 21, Zagreb 06097014 | |||
| Bookkeeping firm: | No | (Yes/No) | (name of the | e bookkeeping firm) |
| Contact person: | (only name and surname | of the contact person) | ||
| Telephone: | . , | |||
| E-mail address: | [email protected] | r | ||
| Audit firm: | Deloitte d.o.o. | |||
| Certified auditor: | (name of the audit firm) Katarina Kadunc |
|||
| ! | (name and surname) |
| Last day of the ADP Item preceding business of the current period code year 1 2 3 4 A) RECEIVABLES FOR SUBSCRIBED CAPITAL UNPAID 001 0 B) FIXED ASSETS (ADP 003+010+020+031+036) 002 1.456.600.424 1.475.808.015 I INTANGIBLE ASSETS (ADP 004 to 009) 003 476.241.875 459.228.167 1 Research and development 004 0 2 Concessions, patents, licences, trademarks, software and other 005 309.995.947 307.876.539 rights 3 Goodwill 006 46.087.164 46.087.164 4 Advances for the purchase of intangible assets 007 0 5 Intangible assets in preparation 008 38.795.338 25.878.240 6 Other intangible assets 009 81.363.426 79.386.224 II TANGIBLE ASSETS (ADP 011 to 019) 010 868.401.545 1 Land 011 5.709.954 2 Buildings 012 513.792.603 3 Plant and equipment 013 175.939.759 187.233.362 4 Tools, working inventory and transportation assets 014 438.625 390.781 5 Biological assets 015 0 6 Advances for the purchase of tangible assets 016 466.838 1.741.757 7 Tangible assets in preparation 017 170.383.753 149.559.971 8 Other tangible assets 018 1.149.063 9 Investment property 019 520.950 III FIXED FINANCIAL ASSETS (ADP 021 to 030) 020 292.958 1 Investments in holdings (shares) of undertakings within the group 021 0 2 Investments in other securities of undertakings within the group 022 0 3 Loans, deposits, etc. to undertakings within the group 023 0 4. Investments in holdings (shares) of companies linked by virtue of 024 0 participating interests 5 Investment in other securities of companies linked by virtue of 025 0 participating interests 6 Loans, deposits etc. to companies linked by virtue of participating 026 0 interests 7 Investments in securities 027 292.958 8 Loans, deposits, etc. given 028 0 9 Other investments accounted for using the equity method 029 0 10 Other fixed financial assets 030 0 IV RECEIVABLES (ADP 032 to 035) 031 91.621.827 101.722.434 1 Receivables from undertakings within the group 032 0 2 Receivables from companies linked by virtue of participating 033 0 interests 3 Customer receivables 034 84.755.095 4 Other receivables 035 6.866.732 V DEFERRED TAX ASSETS 036 20.042.219 C) CURRENT ASSETS (ADP 038+046+053+063) 037 607.840.655 541.267.928 I INVENTORIES (ADP 039 to 045) 038 76.043.614 86.969.567 1 Raw materials and consumables 039 10.373.188 11.604.461 2 Work in progress 040 0 3 Finished goods 041 0 4 Merchandise 042 34.109.826 5 Advances for inventories 043 0 6 Fixed assets held for sale 044 31.560.600 7 Biological assets 045 0 II RECEIVABLES (ADP 047 to 052) 046 302.138.804 332.635.251 1 Receivables from undertakings within the group 047 2.783.037 6.321.319 2 Receivables from companies linked by virtue of participating 048 0 interests 3 Customer receivables 049 287.813.474 316.464.451 4 Receivables from employees and members of the undertaking 050 4.541.619 4.369.110 5 Receivables from government and other institutions 051 2.938.741 6 Other receivables 052 4.061.933 III CURRENT FINANCIAL ASSETS (ADP 054 to 062) 053 0 1 Investments in holdings (shares) of undertakings within the group 054 0 2 Investments in other securities of undertakings within the group 055 0 3 Loans, deposits, etc. to undertakings within the group 056 0 4 Investments in holdings (shares) of companies linked by virtue of 057 0 participating interests 5 Investment in other securities of companies linked by virtue of 058 0 participating interests 6 Loans, deposits etc. to companies linked by virtue of participating 059 0 interests 7 Investments in securities 060 0 8 Loans, deposits, etc. given 061 0 9 Other financial assets 062 0 IV CASH AT BANK AND IN HAND 063 229.658.237 D ) PREPAID EXPENSES AND ACCRUED INCOME 064 32.682.650 E) TOTAL ASSETS (ADP 001+002+037+064) 065 2.097.123.729 OFF-BALANCE SHEET ITEMS 066 0 |
Submitter: Hrvatski Telekom d.d. | in EUR | |
|---|---|---|---|
| At the reporting date | |||
| 0 | |||
| 0 | |||
| 0 | |||
| 893.506.853 | |||
| 5.638.397 | |||
| 547.374.174 | |||
| 0 | |||
| 1.132.979 | |||
| 435.432 | |||
| 291.494 | |||
| 0 | |||
| 0 | |||
| 0 | |||
| 0 | |||
| 0 | |||
| 0 | |||
| 291.494 | |||
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 0 | |||
| 95.583.676 | |||
| 6.138.758 | |||
| 21.059.067 | |||
| 0 | |||
| 0 | |||
| 43.804.506 | |||
| 0 | |||
| 31.560.600 | |||
| 0 | |||
| 0 | |||
| 434.352 | |||
| 5.046.019 | |||
| 0 | |||
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 0 | |||
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 121.663.110 | |||
| 25.460.514 | |||
| 2.042.536.457 | |||
| 0 |
| LIABILITIES | |||
|---|---|---|---|
| A) CAPITAL AND RESERVES (ADP 068 to | 067 | 1.676.578.324 | 1.632.542.200 |
| 070+076+077+083+086+089) | |||
| I INITIAL (SUBSCRIBED) CAPITAL | 068 | 1.359.742.172 | 1.359.742.172 |
| II CAPITAL RESERVES III RESERVES FROM PROFIT (ADP 071+072-073+074+075) |
069 070 |
0 67.245.245 |
0 68.285.194 |
| 1 Legal reserves | 071 | 67.987.109 | 67.987.109 |
| 2 Reserves for treasury shares | 072 | 28.579.126 | 60.363.938 |
| 3 Treasury shares and holdings (deductible item) | 073 | -29.652.760 | -60.459.416 |
| 4 Statutory reserves | 074 | 0 | 0 |
| 5 Other reserves | 075 | 331.770 | 393.563 |
| IV REVALUATION RESERVES | 076 | 0 | 0 |
| V FAIR VALUE RESERVES AND OTHER (ADP 078 to 082) 1 Financial assets at fair value through other comprehensive income |
077 | -8.564.340 | -7.216.144 |
| (i.e. available for sale) | 078 | 19.457 | 17.993 |
| 2 Cash flow hedge - effective portion | 079 | -8.583.797 | -7.234.137 |
| 3 Hedge of a net investment in a foreign operation - effective portion | 080 | 0 | 0 |
| 4 Other fair value reserves | 081 | 0 | 0 |
| 5 Exchange differences arising from the translation of foreign | 082 | 0 | 0 |
| operations (consolidation) | |||
| VI RETAINED PROFIT OR LOSS BROUGHT FORWARD (ADP 084- | 083 | 83.546.686 | 67.048.918 |
| 085) 1 Retained profit |
084 | 83.546.686 | 67.048.918 |
| 2 Loss brought forward | 085 | 0 | 0 |
| VII PROFIT OR LOSS FOR THE BUSINESS YEAR (ADP 087-088) | 086 | 141.869.392 | 111.863.769 |
| 1 Profit for the business year | 087 | 141.869.392 | 111.863.769 |
| 2 Loss for the business year | 088 | 0 | 0 |
| VIII MINORITY (NON-CONTROLLING) INTEREST | 089 | 32.739.169 | 32.818.291 |
| B) PROVISIONS (ADP 091 to 096) | 090 | 17.440.430 | 17.830.578 |
| 1 Provisions for pensions, termination benefits and similar obligations | 091 | 3.417.152 | 4.367.768 |
| 2 Provisions for tax liabilities | 092 | 0 | 0 |
| 3 Provisions for ongoing legal cases | 093 | 8.583.407 | 7.826.277 |
| 4 Provisions for renewal of natural resources | 094 | 0 | 0 |
| 5 Provisions for warranty obligations 6 Other provisions |
095 096 |
0 5.439.871 |
0 5.636.533 |
| C) LONG-TERM LIABILITIES (ADP 098 to 108) | 097 | 91.951.117 | 88.745.959 |
| 1 Liabilities to undertakings within the group | 098 | 0 | 0 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | 099 | 0 | 0 |
| 3 Liabilities to companies linked by virtue of participating interests | 100 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
101 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 102 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 103 | 0 | 0 |
| 7 Liabilities for advance payments | 104 | 0 | 0 |
| 8 Liabilities to suppliers | 105 | 0 | 0 |
| 9 Liabilities for securities | 106 | 0 | 0 |
| 10 Other long-term liabilities | 107 | 87.580.450 | 86.039.012 |
| 11 Deferred tax liability D) SHORT-TERM LIABILITIES (ADP 110 to 123) |
108 109 |
4.370.667 299.049.110 |
2.706.947 291.415.812 |
| 1 Liabilities to undertakings within the group | 110 | 15.229.794 | 15.707.912 |
| 2 Liabilities for loans, deposits, etc. of undertakings within the group | |||
| 111 | 0 | 0 | |
| 3 Liabilities to companies linked by virtue of participating interests | 112 | 0 | 0 |
| 4 Liabilities for loans, deposits etc. of companies linked by virtue of participating interests |
113 | 0 | 0 |
| 5 Liabilities for loans, deposits etc. | 114 | 0 | 0 |
| 6 Liabilities to banks and other financial institutions | 115 | 0 | 0 |
| 7 Liabilities for advance payments | 116 | 0 | 0 |
| 8 Liabilities to suppliers | 117 | 175.767.538 | 166.657.884 |
| 9 Liabilities for securities | 118 | 0 | 0 |
| 10 Liabilities to employees | 119 | 34.826.049 | 30.049.471 |
| 11 Taxes, contributions and similar liabilities 12 Liabilities arising from the share in the result |
120 121 |
6.070.251 0 |
23.601.808 0 |
| 13 Liabilities arising from fixed assets held for sale | 122 | 0 | 0 |
| 14 Other short-term liabilities | 123 | 67.155.478 | 55.398.737 |
| E) ACCRUALS AND DEFERRED INCOME | 124 | 12.104.748 | 12.001.908 |
| F) TOTAL – LIABILITIES (ADP 067+090+097+109+124) G) OFF-BALANCE SHEET ITEMS |
125 126 |
2.097.123.729 0 |
2.042.536.457 0 |
for the period 01.01.2025 to 30.09.2025 STATEMENT OF PROFIT OR LOSS
Cumulative Quarter Cumulative Quarter 23 4 5 6 001 821.636.310 292.370.461 850.643.409 302.812.550 002 28.337.381 15.528.318 29.998.431 16.130.115 003 784.982.740 276.182.729 815.614.843 285.007.864 004 0000 005 0000 006 8.316.189 659.414 5.030.135 1.674.571 007 685.238.631 228.927.804 706.467.318 233.728.206 008 0000 009 243.944.369 82.208.756 250.552.163 83.595.657 010 25.651.341 9.025.395 25.079.672 8.695.645 011 144.248.989 43.715.201 148.298.883 47.655.847 012 74.044.039 29.468.160 77.173.608 27.244.165 013 130.785.531 43.570.833 143.822.478 49.321.614 014 84.526.467 28.027.455 92.826.750 31.543.159 015 31.095.421 10.445.747 34.513.877 12.080.981 016 15.163.643 5.097.631 16.481.851 5.697.474 017 202.077.443 68.417.876 208.614.068 71.710.572 018 81.693.870 25.711.335 88.013.041 26.686.204 019 7.093.357 1.779.656 4.844.861 1.105.730 020 0000 021 7.093.357 1.779.656 4.844.861 1.105.730 022 19.644.061 7.239.348 10.620.707 1.308.429 023 7.457.439 4.759.264 7.967.346 692.670 024 0000 025 10.713.322 2.013.784 1.008.182 21.975 026 0000 027 0000 028 1.473.300 466.300 1.645.179 593.784 029 0000 030 6.798.907 2.165.332 4.338.647 1.296.128 031 0000 032 0000 033 2.694.451 967.625 967.748 0 034 0000 035 20.853 1.727 61.119 32.637 036 397.080 201.661 447.072 127.614 037 2.201.461 398.418 1.040.645 264.865 038 1.485.062 595.901 1.822.063 871.012 039 0000 040 0000 041 7.940.640 2.799.322 8.873.252 3.309.132 042 0000 043 23.567 834 69.630 41.264 044 6.325.345 2.039.605 6.979.824 2.363.260 045 1.544.848 756.861 1.783.833 898.852 046 0000 047 3.547 2.022 6.353 5.754 048 43.333 0 33.612 2 049 0000 050 0000 051 0000 052 0000 053 828.435.217 294.535.793 854.982.056 304.108.678 054 693.179.271 231.727.126 715.340.570 237.037.338 055 135.255.946 62.808.667 139.641.486 67.071.340 056 135.255.946 62.808.667 139.641.486 67.071.340 057 0000 058 27.490.189 12.623.351 26.529.369 12.658.206 Item ADP code Same period of the previous year Current period in EUR Submitter: Hrvatski Telekom d.d. 1 5 Unrealised losses (expenses) from financial assets 6 Value adjustments of financial assets (net) 7 Other financial expenses IX TOTAL INCOME (ADP 001+030+049 +050) X TOTAL EXPENDITURE (ADP 007+041+051 + 052) IV FINANCIAL EXPENSES (ADP 042 to 048) 1 Interest expenses and similar expenses with undertakings within the group 8 Other operating expenses III FINANCIAL INCOME (ADP 031 to 040) 4 Depreciation 5 Other costs V SHARE IN PROFIT FROM UNDERTAKINGS LINKED BY VRITUE OF PARTICIPATING INTERESTS VI SHARE IN PROFIT FROM JOINT VENTURES VII SHARE IN LOSS OF COMPANIES LINKED BY VIRTUE OF PARTICIPATING INTEREST VIII SHARE IN LOSS OF JOINT VENTURES 7 Other interest income 8 Exchange rate differences and other financial income 9 Unrealised gains (income) from financial assets 10 Other financial income c) Provisions for ongoing legal cases d) Provisions for renewal of natural resources e) Provisions for warranty obligations 2 Exchange rate differences and other expenses from operations with undertakings within the group 3 Interest expenses and similar expenses 4 Exchange rate differences and other expenses I OPERATING INCOME (ADP 002 to 006) 1 Income from sales with undertakings within the group 2 Income from sales (outside group) 3 Income from the use of own products, goods and services 4 Other operating income with undertakings within the group 5 Other operating income (outside the group) a) fixed assets other than financial assets b) current assets other than financial assets 7 Provisions (ADP 023 to 028) a) Provisions for pensions, termination benefits and similar obligations b) Provisions for tax liabilities c) Contributions on salaries XI PRE-TAX PROFIT OR LOSS (ADP 053-054) 1 Pre-tax profit (ADP 053-054) 2 Pre-tax loss (ADP 054-053) XII INCOME TAX II OPERATING EXPENSES (ADP 08+009+013+017+018+019+022+029) 1 Changes in inventories of work in progress and finished goods 2 Material costs (ADP 010 to 012) a) Costs of raw materials and consumables b) Costs of goods sold c) Other external costs 3 Staff costs (ADP 014 to 016) a) Net salaries and wages f) Other provisions b) Tax and contributions from salary costs 1 Income from investments in holdings (shares) of undertakings within the group 2 Income from investments in holdings (shares) of companies linked by virtue of participating interests 3 Income from other long-term financial investment and loans granted to undertakings within the group 4 Other interest income from operations with undertakings within the group 5 Exchange rate differences and other financial income from operations with undertakings within the group 6 Income from other long-term financial investments and loans 6 Value adjustments (ADP 020+021)
XIII PROFIT OR LOSS FOR THE PERIOD (ADP 055-059)
1 Profit for the period (ADP 055-059)
2 Loss for the period (ADP 059-055)
059 107.765.757 50.185.316 113.112.117 54.413.134 060 107.765.757 50.185.316 113.112.117 54.413.134 061 0000
| DISCONTINUED OPERATIONS (to be filled in by undertakings subject to IFRS only with discontinued operations) | |||||
|---|---|---|---|---|---|
| XIV PRE-TAX PROFIT OR LOSS OF DISCONTINUED OPERATIONS | |||||
| (ADP 063-064) | 062 | 0 | 0 | 0 | 0 |
| 1 Pre-tax profit from discontinued operations | 063 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss on discontinued operations | 064 | 0 | 0 | 0 | 0 |
| XV INCOME TAX OF DISCONTINUED OPERATIONS | 065 | 0 | 0 | 0 | 0 |
| 1 Discontinued operations profit for the period (ADP 062-065) | 066 | 0 | 0 | 0 | 0 |
| 2 Discontinued operations loss for the period (ADP 065-062) | 067 | 0 | 0 | 0 | 0 |
| TOTAL OPERATIONS (to be filled in only by undertakings subject to IFRS with discontinued operations) | |||||
| XVI PRE-TAX PROFIT OR LOSS (ADP 055-+062) 1 Pre-tax profit (ADP 068) |
068 | 0 | 0 | 0 | 0 |
| 2 Pre-tax loss (ADP 068) | 069 070 |
0 0 |
0 0 |
0 0 |
0 0 |
| XVII INCOME TAX (ADP 058+065) | 071 | 0 | 0 | 0 | 0 |
| XVIII PROFIT OR LOSS FOR THE PERIOD (ADP 068-071) | 072 | 0 | 0 | 0 | 0 |
| 1 Profit for the period (ADP 068-071) | 073 | 0 | 0 | 0 | 0 |
| 2 Loss for the period (ADP 071-068) | 074 | 0 | 0 | 0 | 0 |
| APPENDIX to the P&L (to be filled in by undertakings that draw up consolidated annual financial statements) | |||||
| XIX PROFIT OR LOSS FOR THE PERIOD (ADP 076+077) | 075 | 107.765.757 | 50.185.316 | 113.112.117 | 54.413.134 |
| 1 Attributable to owners of the parent | 076 | 106.717.977 | 49.653.209 | 111.863.769 | 53.908.470 |
| 2 Attributable to minority (non-controlling) interest | 077 | 1.047.780 | 532.107 | 1.248.348 | 504.664 |
| STATEMENT OF OTHER COMPRHENSIVE INCOME (to be filled in by undertakings subject to IFRS) | |||||
| I PROFIT OR LOSS FOR THE PERIOD | 078 | 107.765.757 | 50.185.316 | 113.112.117 | 54.413.134 |
| II OTHER COMPREHENSIVE INCOME/LOSS BEFORE TAX (ADP 80+ 87) |
079 | -7.166.844 | -387.424 | 1.348.195 | -22.999 |
| III Items that will not be reclassified to profit or loss (ADP 081 to 085) | 080 | 13.375 | 12.462 | -1.464 | 4.711 |
| 1 Changes in revaluation reserves of fixed tangible and intangible assets | 081 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of equity instruments at fair value through other comprehensive income |
082 | 13.375 | 12.462 | -1.464 | 4.711 |
| 3 Fair value changes of financial liabilities at fair value through statement of profit or loss, attributable to changes in their credit risk |
083 | 0 | 0 | 0 | 0 |
| 4 Actuarial gains/losses on the defined benefit obligation | 084 | 0 | 0 | 0 | 0 |
| 5 Other items that will not be reclassified | 085 | 0 | 0 | 0 | 0 |
| 6 Income tax relating to items that will not be reclassified | 086 | 0 | 0 | 0 | 0 |
| IV Items that may be reclassified to profit or loss (ADP 088 to 095) | 087 | -7.180.219 | -399.886 | 1.349.659 | -27.710 |
| 1 Exchange rate differences from translation of foreign operations | 088 | 0 | 0 | 0 | 0 |
| 2 Gains or losses from subsequent measurement of debt securities at fair value through other comprehensive income |
089 | 0 | 0 | 0 | 0 |
| 3 Profit or loss arising from effective cash flow hedging | 090 | -7.180.219 | -399.886 | 1.349.659 | -27.710 |
| 4 Profit or loss arising from effective hedge of a net investment in a foreign operation |
091 | 0 | 0 | 0 | 0 |
| 5 Share in other comprehensive income/loss of companies linked by | 092 | 0 | 0 | 0 | 0 |
| virtue of participating interests | |||||
| 6 Changes in fair value of the time value of option | 093 | 0 | 0 | 0 | 0 |
| 7 Changes in fair value of forward elements of forward contracts | 094 | 0 | 0 | 0 | 0 |
| 8 Other items that may be reclassified to profit or loss | 095 | 0 | 0 | 0 | 0 |
| 9 Income tax relating to items that may be reclassified to profit or loss | 096 | 0 | 0 | 0 | 0 |
| V NET OTHER COMPREHENSIVE INCOME OR LOSS (ADP 080+087- 086 - 096) |
097 | -7.166.844 | -387.424 | 1.348.195 | -22.999 |
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 078+097) |
098 | 100.598.913 | 49.797.892 | 114.460.312 | 54.390.135 |
| APPENDIX to the Statement on comprehensive income (to be filled in by undertakings that draw up consolidated statements) | |||||
| VI COMPREHENSIVE INCOME OR LOSS FOR THE PERIOD (ADP 100+101) |
099 | 100.598.913 | 49.797.892 | 114.460.312 | 54.390.135 |
| 1 Attributable to owners of the parent | 100 | 99.551.133 | 49.265.785 | 113.211.964 | 53.885.471 |
| 2 Attributable to minority (non-controlling) interest | 101 | 1.047.780 | 532.107 | 1.248.348 | 504.664 |
STATEMENT OF CASH FLOWS - indirect method for the period 01.01.2025 to 30.09.2025
in EUR
| Submitter: Hrvatski Telekom d.d. | |||||
|---|---|---|---|---|---|
| Item | ADP | Same period of the previous year |
Current period | ||
| 1 | code 2 |
3 | 4 | ||
| Cash flow from operating activities | |||||
| 1 Pre-tax profit | 001 | 135.255.946 | 139.641.486 | ||
| 2 Adjustments (ADP 003 to 010): | 002 | 207.475.326 | 212.576.066 | ||
| a) Depreciation | 003 | 202.077.443 | 208.614.068 | ||
| b) Gains and losses from sale and value adjustment of fixed tangible and intangible assets |
004 | -4.185.683 | -2.012.827 | ||
| c) Gains and losses from sale and unrealised gains and losses and value adjustment of financial assets |
005 | -3.044.651 | -1.408.467 | ||
| d) Interest and dividend income | 006 | -2.201.461 | -1.040.645 | ||
| e) Interest expenses | 007 | 6.325.345 | 6.979.824 | ||
| f) Provisions | 008 | 7.780.932 | 387.016 | ||
| g) Exchange rate differences (unrealised) | 009 | 74.990 | 0 | ||
| h) Other adjustments for non-cash transactions and unrealised gains and losses |
010 | 648.411 | 1.057.097 | ||
| I Cash flow increase or decrease before changes in working capital (ADP 001+002) |
011 | 342.731.272 | 352.217.552 | ||
| 3 Changes in the working capital (ADP 013 to 016) | 012 | -6.780.412 | -38.577.233 | ||
| a) Increase or decrease in short-term liabilities | 013 | 12.233.682 | 2.466.157 | ||
| b) Increase or decrease in short-term receivables | 014 | -5.054.877 | -22.564.511 | ||
| c) Increase or decrease in inventories | 015 | -8.231.751 | -10.925.952 | ||
| d) Other increase or decrease in working capital | 016 | -5.727.466 | -7.552.927 | ||
| II Cash from operations (ADP 011+012) | 017 | 335.950.860 | 313.640.319 | ||
| 4 Interest paid | 018 | -5.115.945 | -4.551.046 | ||
| 5 Income tax paid | 019 | -31.050.764 | -24.147.940 | ||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 017 to 019) | 020 | 299.784.151 | 284.941.333 | ||
| Cash flow from investment activities | |||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 021 | 5.217.984 | 2.037.774 | ||
| 2 Cash receipts from sales of financial instruments | 022 | 0 | 0 | ||
| 3 Interest received | 023 | 5.870.048 | 2.459.155 | ||
| 4 Dividends received | 024 | 0 | 0 | ||
| 5 Cash receipts from repayment of loans and deposits | 025 | 274.405 | 0 | ||
| 6 Other cash receipts from investment activities | 026 | 10.042.617 | 13.269 | ||
| III Total cash receipts from investment activities (ADP 021 to 026) | 027 | 21.405.054 | 4.510.198 | ||
| 1 Cash payments for the purchase of fixed tangible and intangible assets | 028 | -152.194.370 | -165.787.931 | ||
| 2 Cash payments for the acquisition of financial instruments | 029 | -1.084.694 | -365.600 | ||
| 3 Cash payments for loans and deposits for the period | 030 | 0 | 0 | ||
| 4 Acquisition of a subsidiary, net of cash acquired | 031 | 0 | 0 | ||
| 5 Other cash payments from investment activities | 032 | 0 | 0 | ||
| IV Total cash payments from investment activities (ADP 028 to 032) | 033 | -153.279.064 | -166.153.531 | ||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 027 +033) | 034 | -131.874.010 | -161.643.333 | ||
| Cash flow from financing activities 1 Cash receipts from the increase in initial (subscribed) capital |
035 | 0 | 0 | ||
| 2 Cash receipts from the issue of equity financial instruments and debt | 036 | 0 | 0 | ||
| financial instruments 3 Cash receipts from credit principals, loans and other borrowings |
037 | 0 | 0 | ||
| 4 Other cash receipts from financing activities | 038 | 0 | 0 | ||
| V Total cash receipts from financing activities (ADP 035 to 038) | 039 | 0 | 0 | ||
| 1 Cash payments for the repayment of credit principals, loans and other borrowings and debt financial instruments |
040 | 0 | 0 | ||
| 2 Cash payments for dividends | 041 | -119.211.475 | -126.463.466 | ||
| 3 Cash payments for finance lease | 042 | -34.009.358 | -35.167.163 | ||
| 4 Cash payments for the redemption of treasury shares and decrease in | 043 | -6.363.899 | -32.537.712 | ||
| initial (subscribed) capital 5 Other cash payments from financing activities |
044 | -31.778.681 | -37.124.786 | ||
| VI Total cash payments from financing activities (ADP 040 to 044) | 045 | -191.363.413 | -231.293.127 | ||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 039 +045) | 046 | -191.363.413 | -231.293.127 | ||
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
047 | 0 | 0 | ||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 020+034+046+047) |
048 | -23.453.272 | -107.995.127 | ||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
049 | 233.077.904 | 229.658.237 | ||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD(ADP 048+049) |
050 | 209.624.632 | 121.663.110 |
for the period 01.01.2025 to 30.09.2025 STATEMENT OF CASH FLOWS - direct method
in EUR
| Submitter: Hrvatski Telekom d.d. | |||||
|---|---|---|---|---|---|
| Item | ADP code |
Same period of the previous year |
Current period | ||
| 1 | 2 | 3 | 4 | ||
| Cash flow from operating activities | |||||
| 1 Cash receipts from customers | 001 | 0 | 0 | ||
| 2 Cash receipts from royalties, fees, commissions and other revenue | 002 | 0 | 0 | ||
| 3 Cash receipts from insurance premiums | 003 | 0 | 0 | ||
| 4 Cash receipts from tax refund | 004 | 0 | 0 | ||
| 5 Other cash receipts from operating activities | 005 | 0 | 0 | ||
| I Total cash receipts from operating activities (ADP 001 to 005) 1 Cash payments to suppliers |
006 | 0 | 0 | ||
| 2 Cash payments to employees | 007 008 |
0 0 |
0 0 |
||
| 3 Cash payments for insurance premiums | 009 | 0 | 0 | ||
| 4 Interest paid | 010 | 0 | 0 | ||
| 5 Income tax paid | 011 | 0 | 0 | ||
| 6 Other cash payments from operating activities | 012 | 0 | 0 | ||
| II Total cash payments from operating activities (ADP 007 to 012) | 013 | 0 | 0 | ||
| A) NET CASH FLOW FROM OPERATING ACTIVITIES (ADP 006 + 013) | 014 | 0 | 0 | ||
| Cash flow from investment activities | |||||
| 1 Cash receipts from sales of fixed tangible and intangible assets | 015 | 0 | 0 | ||
| 2 Cash receipts from sales of financial instruments | 016 | 0 | 0 | ||
| 3 Interest received | 017 | 0 | 0 | ||
| 4 Dividends received | 018 | 0 | 0 | ||
| 5 Cash receipts from the repayment of loans and deposits | 019 | 0 | 0 | ||
| 6 Other cash receipts from investment activities | 020 | 0 | 0 | ||
| III Total cash receipts from investment activities (ADP 015 to 020) | 021 | 0 | 0 | ||
| 1 Cash payments for the purchase of fixed tangible and intangible assets |
022 | 0 | 0 | ||
| 2 Cash payments for the acquisition of financial instruments | 023 | 0 | 0 | ||
| 3 Cash payments for loans and deposits | 024 | 0 | 0 | ||
| 4 Acquisition of a subsidiary, net of cash acquired | 025 | 0 | 0 | ||
| 5 Other cash payments from investment activities | 026 | 0 | 0 | ||
| IV Total cash payments from investment activities (ADP 022 to 026) | 027 | 0 | 0 | ||
| B) NET CASH FLOW FROM INVESTMENT ACTIVITIES (ADP 021 + 027) | 028 | 0 | 0 | ||
| Cash flow from financing activities | |||||
| 1 Cash receipts from the increase in initial (subscribed) capital | 029 | 0 | 0 | ||
| 2 Cash receipts the from issue of equity financial instruments and debt financial instruments |
030 | 0 | 0 | ||
| 3 Cash receipts from credit principals, loans and other borrowings | 031 | 0 | 0 | ||
| 4 Other cash receipts from financing activities | 032 | 0 | 0 | ||
| V Total cash receipts from financing activities (ADP 029 to 032) | 033 | 0 | 0 | ||
| 1 Cash payments for the repayment of credit principals, loans andother borrowings and debt financial instruments |
034 | 0 | 0 | ||
| 2 Cash payments for dividends | 035 | 0 | 0 | ||
| 3 Cash payments for finance lease | 036 | 0 | 0 | ||
| 4 Cash payments for the redemption of treasury shares and decrease in | 037 | 0 | 0 | ||
| initial (subscribed) capital 5 Other cash payments from financing activities |
038 | 0 | 0 | ||
| VI Total cash payments from financing activities (ADP 034 to 038) | 039 | 0 | 0 | ||
| C) NET CASH FLOW FROM FINANCING ACTIVITIES (ADP 033 +039) | 040 | 0 | 0 | ||
| 1 Unrealised exchange rate differences in respect of cash and cash equivalents |
041 | 0 | 0 | ||
| D) NET INCREASE OR DECREASE IN CASH FLOWS (ADP 014 + 028 + 040 + 041) |
042 | 0 | 0 | ||
| E) CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
043 | 0 | 0 | ||
| F) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (042+043) |
044 | 0 | 0 | ||
STATEMENT OF CHANGES IN EQUITY
01.01.2025 to 30.09.2025 in EURfor the period from
| for th iod fr 01.01 .2025 e per om to |
30.09 .2025 |
in EU R |
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Attribu table t o own |
ers of the pa rent |
||||||||||||||||||
| lue of Fair va financ ial ass ets |
Hedge of a n et |
Excha te nge ra |
Minori ty (non |
||||||||||||||||
| Item | ADP code | Initial (subsc ribed) |
Capita l reser ves |
Legal reserv es |
es for treasu Reserv |
Treasu d holdin ry sha res an gs (de ductib |
Statut ory res erves |
Other reserv es |
Revalu ation reserv |
throug h othe r |
Cash f low he dge - |
invest ment i n a |
Other fair va lue |
differe nces f rom |
fit / Retain ed pro loss b rought |
Profit/ loss fo r the |
Total a ttribut able to |
control ling) |
Total c apital and reserv es |
| capita l |
ry sha res |
le item) | es | ehens ive compr incom e (ava ilable |
effecti tion ve por |
foreig ation - n oper effecti tion ve por |
reserv es |
transla tion of foreig ations n oper |
forwar d |
busine ss yea r |
s of th nt owner e pare |
intere st |
|||||||
| for sal e) |
|||||||||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 (3 t o 6 - 7 + 8 to 17) |
19 | 20 (18 +19) |
| Previo iod us per |
|||||||||||||||||||
| 1 Bala the fir st day of the previo us bus iness y nce on ear |
01 | 1.359.7 42.172 |
0 67.987 .109 |
21.226 .328 |
22.169 .750 |
0 | 597.52 4 |
0 | 11.737 | -171.5 51 |
0 | 0 | 0 99.300 .197 |
132.02 9.172 |
1.658.5 52.938 |
32.938 .600 |
1.691.4 91.538 |
||
| 2 Chan ges in ting po licies accoun 3 Corre ction o f errors |
02 03 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
|||||
| 4 Bala the fir st day of the previo us bus iness y ear (re stated ) (ADP 01 to nce on |
04 | 1.359.7 42.172 |
0 67.987 .109 |
21.226 .328 |
22.169 .750 |
0 | 597.52 4 |
0 | 11.737 | -171.5 51 |
0 | 0 | 0 99.300 .197 |
132.02 9.172 |
1.658. 552.93 8 |
32.938 .600 |
1.691. 491.53 |
||
| 03) 5 Profi t/loss o f the p eriod |
05 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 141.86 9.392 |
141.86 9.392 |
1.326.7 89 |
143.19 6.181 |
||||
| ate diff s from tion of foreign 6 Exch transla tions ange r erence opera |
06 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 7 Chan ges in revalua tion res f fixed tangibl e and intangi ble ass ets erves o |
07 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 8 Gain s or los ses fro m subs equent rement of fina ncial a ssets a t fair va lue measu me (av for sa le) throug h other ehensi ve inco ailable compr |
08 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 7.720 | 0 | 0 | 0 | 0 | 0 0 |
7.720 | 0 | 7.720 | |||
| 9 Profi t or los s arisin g from effectiv e cash flow h edge |
09 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | -8.412 .246 |
0 | 0 | 0 | 0 0 |
-8.412 .246 |
0 | -8.412 .246 |
|||
| 10 Pro fit or lo ss aris ing from effecti ve hed ge of a net inv estmen t in a fo reign |
|||||||||||||||||||
| operat ion |
10 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 11 Sha re in ot her com prehen sive in come/l oss of nies lin ked by virtue of compa particip ating in terests |
11 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 12 Actu arial ga ins/loss es on t he defi ned be nefit ob ligation |
12 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 13 Oth er cha nges in equity unrela ted to o wners |
13 | 0 | 0 0 |
0 0 |
0 | -265.7 54 |
0 | 0 | 0 | 0 0 |
0 41.519 |
0 | -224.2 35 |
0 | -224.2 35 |
||||
| 14 Tax on tra nsactio gnised directl y in eq uity ns reco |
14 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 15 Dec rease i n initia l (subs cribed) capita l (other than a rising f rom the pre bankru ptcy se ttlemen t proce dure o r from the rei nvestm ent of profit) |
15 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 16 Dec rease i n initia l (subs cribed) capita l arisin g from the pre -bankr uptcy |
|||||||||||||||||||
| settlem ent pro cedure |
16 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 17 Dec rease i n initia l (subs cribed) capita l arisin g from the rei nvestm ent of profit |
17 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 18 Red n of tre hares/h |
18 | 0 | .606 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 | -28.74 | -311.7 | -29.05 | ||||||
| emptio oldings asury s 19 Pay ments from m ember s/share holders |
19 | 0 | 0 0 0 0 |
0 28.744 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 0 |
4.606 0 |
51 0 |
6.357 | ||||
| 20 Pay ment o f share in prof it/divide nd |
20 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 -119.2 09.808 |
-119.2 09.808 |
-1.214 .469 |
-120.4 24.277 |
||||
| 21 Oth er distr ibution s and p ts to m ember s/share holders aymen |
21 | 0 | 0 0 |
-20.28 0.039 |
-21.26 1.596 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 -981.5 57 |
0 | 0 | 0 | ||||
| 22 Tra nsfer to ording to the a nnual s chedul reserv es acc e 23 Incr ease in es aris ing from the pr e-bank ruptcy settlem ent pro cedure reserv |
22 23 |
0 0 |
0 0 0 0 |
27.632 .837 |
0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 -14.81 3.473 0 |
-12.81 9.364 0 0 |
0 0 |
0 0 |
||||
| 24 Bal n the l ast da y of th ious b usines ting pe riod (A DP ance o e prev s year repor |
24 | 1.359.7 42.172 |
0 67.987 .109 |
28.579 .126 |
29.652 .760 |
0 | 331.77 0 |
0 | 19.457 | -8.583 .797 |
0 | 0 | 0 83.546 .686 |
141.86 9.392 |
1.643. 839.15 5 |
32.739 .169 |
1.676. 578.32 |
||
| 04 to 2 3) APPEN DIX TO THE S TATEM ENT O F CHA NGES IN EQU ITY (to be fill ed in b y unde |
rtaking s that |
draw u p finan cial st |
ateme nts in accord |
ith the IFRS) ance w |
|||||||||||||||
| I OT HER C OMPR EHENS IVE IN COME OF TH E PRE VIOUS PERIO |
|||||||||||||||||||
| D, NET OF TAX (A DP 06 to 14) |
25 | 0 | 0 0 |
0 0 |
0 | -265.7 54 |
0 | 7.720 | -8.412 .246 |
0 | 0 | 0 41.519 |
0 | -8.628 .761 |
0 | -8.628 .761 |
|||
| II CO MPRE HENSI VE INC OME O R LOS S FOR THE P REVIO US PE RIOD (ADP |
26 | 0 | 0 0 |
0 0 |
0 | -265.7 54 |
0 | 7.720 | -8.412 .246 |
0 | 0 | 0 41.519 |
141.86 9.392 |
133.24 0.631 |
1.326. 789 |
134.56 7.420 |
|||
| 05+25 ) |
|||||||||||||||||||
| III TRA NSACT IONS W ITH OW NERS IN THE PREV IOUS P ERIOD RECO GNISE D DIREC TLY IN EQUIT Y (AD P 15 to 23) |
27 | 0 | 0 0 |
7.352. 798 |
7.483. 010 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 -15.79 5.030 |
-132.0 29.172 |
-147.9 54.414 |
-1.526 .220 |
-149.4 80.634 |
|||
| Curren t perio d |
|||||||||||||||||||
| 1 Bala the fir st day of the nt bus iness y nce on curre ear |
28 | 1.359.7 42.172 |
0 67.987 .109 |
28.579 .126 |
29.652 .760 |
0 | 331.77 0 |
0 | 19.457 | -8.583 .797 |
0 | 0 | 0 83.546 .686 |
141.86 9.392 |
1.643.8 39.155 |
32.739 .169 |
1.676.5 78.324 |
||
| 2 Chan ges in ting po licies accoun 3 Corre ction o f errors |
29 30 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 |
|||||
| 4 Bala the fir st day of the nt bus iness y ear (re stated ) (AOP 28 to 30) nce on curre |
31 | 1.359.7 42.172 |
0 67.987 .109 |
28.579 .126 |
29.652 .760 |
0 | 331.77 0 |
0 | 19.457 | -8.583 .797 |
0 | 0 | 0 83.546 .686 |
141.86 9.392 |
1.643. 839.15 5 |
32.739 .169 |
1.676. 578.32 |
||
| 5 Profi t/loss o f the p eriod 6 Exch ate diff s from transla tion of foreign tions |
32 33 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 111.86 3.769 0 |
111.86 3.769 |
1.248.3 48 |
113.11 2.117 |
||||
| ange r erence opera |
0 | 0 | 0 | ||||||||||||||||
| 7 Chan ges in revalua tion res f fixed tangibl e and intangi ble ass ets erves o |
34 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 8 Gain s or los ses fro m subs equent rement of fina ncial a ssets a t fair va lue measu throug h other ehensi ve inco me (av ailable for sa le) compr |
35 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | -1.464 | 0 | 0 | 0 | 0 | 0 0 |
-1.464 | 0 | -1.464 | |||
| 9 Profi t or los s arisin g from effectiv e cash flow h edge |
36 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 1.349. 660 |
0 | 0 | 0 | 0 0 |
1.349.6 60 |
0 | 1.349.6 60 |
|||
| 10 Pro fit or lo ss aris ing from effecti ve hed ge of a net inv estmen t in a fo reign |
|||||||||||||||||||
| operat ion |
37 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 11 Sha re in ot her com prehen sive in come/l oss of nies lin ked by virtue of compa |
38 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| particip ating in terests 12 Actu arial ga ins/loss he defi ned be nefit ob ligation es on t |
39 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 13 Oth er cha nges in equity unrela ted to o wners |
40 | 0 | 0 0 |
0 2 |
0 | 61.793 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
61.791 | 0 | 61.791 | ||||
| 14 Tax nsactio gnised directl y in eq uity on tra ns reco |
41 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 15 Dec rease i n initia l (subs cribed) capita l (other than a rising f rom the pre bankru ptcy se ttlemen t proce dure o r from the rei nvestm ent of profit) |
42 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 16 Dec rease i n initia l (subs cribed) capita l arisin g from the pre -bankr uptcy |
43 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| settlem ent pro cedure |
|||||||||||||||||||
| 17 Dec rease i n initia l (subs cribed) capita l arisin g from the rei nvestm ent of profit |
44 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| 18 Red emptio n of tre hares/h oldings asury s |
45 | 0 | 0 0 |
0 30.806 .654 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
-30.80 6.654 |
-32.86 8 |
-30.83 9.522 |
||||
| 19 Pay ments from m ember s/share holders 20 Pay ment o f share in prof it/divide nd |
46 47 |
0 0 |
0 0 0 0 |
0 0 0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 |
0 0 0 0 |
0 0 |
0 0 0 -125.4 79.042 |
0 -125.4 79.042 |
0 -1.136 .358 |
-126.6 15.400 |
||||
| 21 Oth er distr ibution s and p ts to m ember s/share holders aymen |
48 | 0 | 0 0 |
978.15 | 8 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 -1.103 .306 |
0 | -125.1 48 |
0 | -125.1 48 |
|||
| 22 Car ryforwa rd per l plane annua |
49 | 0 | 0 0 |
30.806 .654 |
0 | 0 | 0 | 0 | 0 | 0 | 0 0 |
0 -15.39 4.462 |
-16.39 0.350 |
-978.1 58 |
0 | -978.1 58 |
|||
| 23 Incr ease in es aris ing from the pr e-bank ruptcy settlem ent pro cedure reserv 24 Bal n the l ast da nt bus |
50 | 0 | 0 0 |
0 0 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 | 0 0 |
0 | 0 | |||||
| y of th iness y orting period (ADP ance o e curre ear rep 31 to 5 0) |
51 | 1.359.7 42.172 |
0 67.987 .109 |
60.363 .938 |
60.459 .416 |
0 | 393.56 3 |
0 | 17.993 | -7.234 .137 |
0 | 0 | 0 67.048 .918 |
111.86 3.769 |
1.599. 723.90 9 |
32.818 .291 |
1.632. 542.20 |
||
| APPEN DIX TO THE S TATEM ENT O F CHA NGES IN EQU ITY (to be fill ed in b y unde |
rtaking s that |
draw u p finan cial st |
ateme nts in accord |
ith the IFRS) ance w |
|||||||||||||||
| 0 | 987 | 0 | 1.409. 987 |
||||||||||||||||
| I OT HER C OMPR EHENS IVE IN COME FOR T HE CU RRENT PERIO D, NET OF |
52 | 0 | 660 | ||||||||||||||||
| TAX (A DP 33 to 41) |
0 0 |
0 2 |
0 | 61.793 | 0 | -1.464 | 1.349. | 0 | 0 | 0 0 |
1.409. | ||||||||
| II CO MPRE HENSI VE INC OME O R LOS S FOR THE C URRE NT PE RIOD ( ADP 3 2 do 52) |
53 | 0 | 0 0 |
0 2 |
0 | 61.793 | 0 | -1.464 | 1.349. 660 |
0 | 0 | 0 | 0 111.86 3.769 |
113.27 3.756 |
1.248. 348 |
114.52 | |||
| III TRA NSACT IONS W ITH OW NERS IN THE CURR ENT P ERIOD RECO GNISE D DIREC TLY IN EQUIT Y (A DP 42 to 50) |
54 | 0 | 0 0 |
31.784 .812 |
30.806 .654 |
0 | 0 | 0 | 0 | 0 | 0 0 |
0 -16.49 7.768 |
-141.8 69.392 |
-157.3 89.002 |
-1.169 .226 |
2.104 -158.5 58.228 |
| NOTES TO FINANCIAL STATEMENTS - TFI (drawn up for quarterly reporting periods) |
|
|---|---|
| Name of the issuer: | |
| Personal identification number (OIB): | |
| Reporting period: |
Notes to financial statements for quarterly periods include:
a) explanation of business events relevant to understanding changes in the statement of financial position and financial performance for the reporting semi-annual period of the issuer with respect to the last business year: information is provided regarding these events and relevant information published in the last annual financial statement is updated (items 15 to 15C IAS 34 - Interim financial reporting)
b) information on the access to the latest annual financial statements, for the purpose of understanding information published in the notes to financial statements drawn up for the semi-annual reporting period
- c) a statement explaining that the same accounting policies are applied while drawing up financial statements for the semi-annual reporting period as in the latest annual financial statements or, in the case where the accounting policies have changed, a description of the nature and effect of the changes (item 16.A (a) IAS 34 - Interim financial reporting)
- d) a description of the financial performance in the case of the issuer whose business is seasonal (items 37 and 38 IAS 34 Interim financial reporting)
- e) other comments prescribed by IAS 34 Interim financial reporting f) in the notes to quarterly periods financial statements, in addition to the information stated above, information in respect of the following matters shall be disclosed:
-
- undertaking's name, registered office (address), legal form, country of establishment, entity's registration number and, if applicable, the indication whether the undertaking is undergoing liquidation, bankruptcy proceedings, shortened termination proceedings or extraordinary administration
-
- adopted accounting policies (only an indication of whether there has been a change from the previous period)
-
- the total amount of any financial commitments, guarantees or contingencies that are not included in the balance sheet, and an indication of the nature and form of any valuable security which has been provided; any commitments concerning pensions of the undertaking within the group or company linked by virtue of participating interest shall be disclosed separately
-
- the amount and nature of individual items of income or expenditure which are of exceptional size or incidence
-
- amounts owed by the undertaking and falling due after more than five years, as well as the total debts of the undertaking covered by valuable security furnished by the undertaking, specifying the type and form of security
-
- average number of employees during the financial year
-
- where, in accordance with the regulations, the undertaking capitalised on the cost of salaries in part or in full, information on the amount of the total cost of employees during the year broken down into the amount directly debiting the costs of the period and the amount capitalised on the value of the assets during the period, showing separately the total amount of net salaries and the amount of taxes, contributions from salaries and contributions on salaries
-
- the name and registered office of each of the undertakings in which the undertaking, either itself or through a person acting in their own name but on the undertaking's behalf, holds a participating interest, showing the proportion of the capital held, the amount of capital and reserves, and the profit or loss for the latest financial year of the undertaking concerned for which financial statements have been adopted; the information concerning capital and reserves and the profit or loss may be omitted where the undertaking concerned does not publish its balance sheet and is not controlled by another undertaking
-
- the number and the nominal value or, in the absence of a nominal value, the accounting par value of the shares subscribed during the financial year within the limits of the authorised capital
-
where a provision for deferred tax is recognised in the balance sheet, the deferred tax balances at the end of the financial year, and the movement in those balances during the financial year
-
- the existence of any participation certificates, convertible debentures, warrants, options or similar securities or rights, with an indication of their number and the rights they confer
-
- the name, registered office and legal form of each of the undertakings of which the undertaking is a member having unlimited liability
-
- the name and registered office of the undertaking which draws up the consolidated financial statements of the largest group of undertakings of which the undertaking forms part as a controlled group member
-
- the name and registered office of the undertaking which draws up the consolidated financial statements of the smallest group of undertakings of which the undertaking forms part as a controlled group member and which is also included in the group of undertakings referred to in point 13
-
- the place where copies of the consolidated financial statements referred to in points 13 and 14 may be obtained, provided that they are available
-
- the nature and business purpose of the undertaking's arrangements that are not included in the balance sheet and the financial impact on the undertaking of those arrangements, provided that the risks or benefits arising from such arrangements are material and in so far as the disclosure of such risks or benefits is necessary for the purposes of assessing the financial position of the undertaking
-
- the nature and the financial effect of material events arising after the balance sheet date which are not reflected in the profit and loss account or balance sheet