Tele2, the Swedish multinational telco, has announced its consolidated results for the fourth quarter and full year 2025, exceeding guidance while also delivering a 42 per cent full-year Equity Free Cash Flow growth.

The Board of Directors proposes to distribute 118 per cent of the eFCF in dividend, corresponding to SEK 10.50 (€0.99) per share. Tele2 also presents guidance for 2026.

Highlights

Fourth quarter 2025

• End‑user service revenue (EUSR) of SEK 5.6 billion, up 4 per cent organically versus Q4 2024, driven by growth across all operations.
• Total revenue of SEK 8 billion, up 4 per cent organically versus Q4 2024.
• Underlying EBITDAaL of SEK 3 billion, up 13 per cent organically versus Q4 2024, driven by sharp cost control across all operations and EUSR growth.
• Q4 2025 profit after financial items (EBT) of SEK 1.5 (1.2) billion.
• Net profit from total operations of SEK 1.2 (1) billion and earnings per share of SEK 1.77 (1.40) in Q4 2025.
• Equity free cash flow (eFCF) of SEK 0.8 (0.8) billion in Q4 2025.
• Tele2 recognised by CDP with an ‘A’ score for climate change efforts for the fourth consecutive year.
• Accelerates nationwide 5G upgrades post 2G/3G shutdown.
• Strong own‑channel traffic; solid momentum in Sweden and the Baltics.

Full year 2025

• End‑user service revenue (EUSR) of SEK 22.1 billion, up 2 per cent organically versus 2024.
• Underlying EBITDAaL of SEK 11.7 billion, up 11 per cent organically versus 2024.
• Capex to sales 11 per cent, corresponding to SEK 3.2 billion.
• Over the last twelve months, SEK 6.2 billion equity free cash flow generated, equivalent to SEK 8.94 (6.32) per share.
• Continued cost and complexity reduction: improved cost governance, renegotiation of largest contracts, and workforce reduced by around 650 positions at the end of December.

Guidance and dividend

• The Board of Directors proposes a dividend of SEK 10.50 per share, equivalent to 118 per cent of 2025 equity free cash flow.
• 2026 guidance: Low single‑digit organic EUSR growth; low to mid‑single‑digit organic underlying EBITDAaL growth; 10–11 per cent capex to sales (excluding spectrum and leases).
• Updated financial policy

Jean Marc Harion, President and Group CEO of Tele2, commented: “Tele2’s financial performance in 2025 stands out, especially in a global telecom context. We reached a spectacular full year underlying EBITDAaL growth and increased our full-year Equity Free Cash Flow by 42 per cent, following a transformation of the company delivered in record time. We raised the bar for our financial performance and at the same time made the decision to return to our true challenger roots. Looking ahead, 2026 will be a different – but equally exciting – year. With most of the fundamentals now in place and a new profitability standard established, we increase our focus on short and long-term growth opportunities.”

Other posts by :

1. Russia postpones Starlink rival
2. Why don’t lawmakers like Netflix?
3. Viasat taps Ex-Im Bank to finance satellite
4. Bank: TeraWave not a direct threat to AST SpaceMobile
5. SpaceX lines up banks for IPO
6. SES to FCC: “Don’t auction more than 160 MHz of C-band”
7. Morgan Stanley downgrades Iridium
8. SpainSat-NG II a total loss
9. SES warns of risks for airlines adopting Starlink

Categories: Articles, Business, Results, Telco

Tags: telco, tele2