Following the acquisition of Vodafone Italia, the Swisscom Group has reported that figures for 2025 are “as expected”. The Group increased its revenue by 36.6 per cent to CHF 15,048 million (€16.4m). EBITDA after lease expense (EBITDAaL) rose by 22.6 per cent to CHF 4,984 million, while operating free cash flow rose by 9.6 per cent to CHF 1,920 million.

In addition, Swisscom reports pro forma figures for 2024 for revenue, EBITDAaL, capital expenditure and operating free cash flow as if Vodafone Italia had been consolidated since January 1st 2024. In this comparison, group revenue for 2025 fell by 2 per cent year-on-year to CHF 15,048 million. EBITDAaL fell by 1.2 per cent to CHF 4,984 million. On an adjusted basis and at constant exchange rates, the decline in revenue was 1.3 per cent and in EBITDAaL 1.9 per cent. Operating free cash flow of CHF 1,920 million remained stable with +0.1 per cent on an adjusted basis. Net income fell by 17.6 per cent year-on-year to CHF 1,270 million. Expenses associated with the acquisition of Vodafone Italia were the main contributors to this decline.

As a result of meeting its financial targets, Swisscom will propose an increase in the dividend of 18 per cent from the current CHF 22 to CHF 26 per share for the 2025 financial year at the Annual General Meeting on March 25th.

“One year after the successful acquisition of Vodafone Italia, Swisscom presents a strong result with a significant increase in revenue due to the takeover. We have met the 2025 financial targets,” commented CEO Christoph Aeschlimann on the 2025 year-end financial results. “The high level of customer satisfaction and the repeated top rankings in all relevant network and service tests confirm that we are on the right track. Innovation remains the key to our success. For example, we have ushered in a new era in cybersecurity, shifting protection for Swiss business customers from the device into the network. With our AI platforms and a broad range of AI services, we are also shaping the digital future in Switzerland and Italy. The integration of Vodafone Italia continues according to plan. We look ahead to 2026 with confidence – supported by a clear strategy, a strong team, and the innovative power for sustainable growth.”

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Categories: Articles, Business, Results, Telco

Tags: Swisscom, Vodafone